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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter RH against Aevo+0.220%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Long on AevoShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.220%, 7d avg +0.115%
Together, before fees+0.259%+ Points / potential airdropLighter RH: Points live · farm board+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.105% dearer against Aevo than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.115%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,733.40.0088pay 0.0011% / 1h41m 13s$4.9M$159K20x
ShortLighter RH ETH2,739.40.0096get 0.0012% / 1h41m 13s$24.6M$103.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.68
Price spread: +0.220% → +0.115%
$10.51
Slippage, 4 orders
−$32.69
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$36.5
Costs to cover
0.487%
Break-even
159.1 days
Slippage from Aevo: live order book, 3 min ago; Lighter RH: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 3 min ago3.65 bp24.0 bp −$2429.0 bp −$29070.6 bp −$7,061doesn't fit
Sell Lighter RH live order book, 3 min ago1.66 bp2.3 bp −$23.4 bp −$3411.8 bp −$1,18073.9 bp −$37.0K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,738.7+0.196%$304K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740+0.242%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.356%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.2+0.140%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.2+0.212%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,737+0.134%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.414%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,738.3+0.180%$182K$916K50xas long as short
BingX ETH-USDC+0.0047%8h2,736.1+0.101%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0062%8h2,739.6+0.227%$1.69B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,738.4+0.183%$383.1M$597.8M100xas long as short
RISEx ETH/USDC+0.0077%1h2,738.3+0.180%$5.6M$11.2M25xas long as short
Aster ETHUSDT+0.0081%8h2,738.3+0.179%$251.9M$841.3M200xas long as short
Bullet ETH-USD+0.0085%1h2,736.8+0.126%$181K$1.7M20xas long as short
Aevo ETH-PERPlong+0.0088%1h2,733.4long leg$4.9M$159K20x
MEXC ETH_USDT+0.0089%8h2,739.1+0.208%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0089%8h2,738.2+0.178%$6.36B$15.71B150xas long as short
HTX ETH-USDT+0.0095%8h2,737.9+0.167%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,736.8+0.125%$112.5M$432.4M50xas long as short
Lighter RH ETHshort+0.0096%1h2,739.4+0.220%$24.6M$103.6M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745+0.425%—$30.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,738.5+0.188%$58.7M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,741.5+0.299%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,738.5+0.188%$467K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2+0.175%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.6+0.228%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,739.3+0.216%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,739.2+0.214%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.4+0.184%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.1+0.208%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.371%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.4+0.145%$3.39B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.9+0.240%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.3+0.364%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4+0.256%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.327%$182.2M$689.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.371%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.332%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,744.7+0.414%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.2+0.251%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.7+0.195%$10.9M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737+0.131%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738.1+0.172%$41.5M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.9+0.092%$960K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,736.7+0.122%$54.5M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4+0.184%$266.4M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,735.7+0.084%$30.6M$72.4M50xas long as short
Deribit ETH-PERPETUAL+0.0112%1h2,738+0.168%$258.8M$195.8M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,742.8+0.345%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0155%8h2,739.8+0.235%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,738.5+0.187%$32.2M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,736.5+0.113%$284.1M$177.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737.7+0.157%$86.9M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,737.2+0.139%$7.2M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.6+0.447%$250K$1.4M20xas long as short