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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter RH against Aftermath Perps+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.103% dearer against Aftermath Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps ETHUSD2,747.30.0102pay 0.0013% / 1h30m 21s$30K$20K20x
ShortLighter RH ETH2,750.20.0096get 0.0012% / 1h30m 21s$24.9M$106.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Aftermath Perps. 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
−$1.35
Price spread: +0.103% → 0.000%
$10.32
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$0.03
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample—————
Sell Lighter RH live order book, 4 min ago1.71 bp1.9 bp −$23.0 bp −$3010.9 bp −$1,08870.9 bp −$35.4K
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 54 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−0.0447%43m2,749.7+0.085%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.3+0.072%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.104%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.087%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750+0.097%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4−0.033%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748+0.025%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,750.2+0.104%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,750.4+0.112%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,750.2+0.105%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0044%8h2,747.9+0.021%$1.07B$1.21B200xas long as short
OKX ETH-USDT-SWAP+0.0044%8h2,750.7+0.124%$1.69B$11.03B100xas long as short
Aster ETHUSDT+0.0063%8h2,750+0.097%$253.0M$859.0M200xas long as short
MEXC ETH_USDT+0.0072%8h2,749.8+0.091%$1.56B$2.56B500xas long as short
Aevo ETH-PERP+0.0072%1h2,748.3+0.037%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,749.8+0.092%$381.5M$605.9M100xas long as short
Binance ETHUSDT+0.0074%8h2,750.2+0.105%$6.36B$16.23B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.8+0.052%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0091%8h2,750.6+0.120%$2.08B$2.85B150xas long as short
Gate ETH_USDT+0.0095%8h2,750.3+0.110%$3.40B$8.86B200xas long as short
Lighter ETH+0.0096%1h2,748.7+0.049%$112.8M$442.2M50xas long as short
Lighter RH ETHshort+0.0096%1h2,750.2+0.103%$24.9M$106.9M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.7+0.052%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.3+0.219%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.2+0.069%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.5+0.043%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,752.1+0.174%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.7+0.087%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750.6+0.118%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748+0.025%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.116%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.5+0.006%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4+0.005%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.107%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.055%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,749+0.061%$21.3M$67.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.6+0.083%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.7+0.087%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.6+0.121%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.9+0.165%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749+0.061%$963K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.5+0.116%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.1+0.028%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.123%$165.5M$306.7M25xas long as short
Vest ETH-PERP+0.0100%1h2,750.4+0.114%—$869K50xas long as short
Aftermath Perps ETHUSDlong+0.0102%1h2,747.3long leg$30K$20K20x
Extended ETH-USD+0.0104%1h2,749.6+0.082%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,748.9+0.058%$7.8M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,752.9+0.204%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,750.7+0.123%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0201%1h2,752+0.171%$258.5M$200.4M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.036%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.4+0.077%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.7+0.158%$90.0M$316.5M100xas long as short