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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 22:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against ApeX Omni+0.014%78s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.140% of the position
Long on ApeX OmniShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.162%+$16 on $10k
Price spread, last 7 days+0.008%+$1 · spread now +0.014%, 7d avg +0.021%
Together, before fees+0.170%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,767.5−0.0052get 0.0006% / 1h31m 53s$8.8M$32.5M100x
ShortLighter RH ETH2,767.90.0096get 0.0012% / 1h31m 53s$25.4M$122.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against ApeX Omni. 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
$31.08
Price spread: +0.014% → +0.021%
−$0.69
Slippage, 4 orders
−$3.98
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$16.41
Costs to cover
0.140%
Break-even
3.3 days
Slippage from ApeX Omni: live order book, 2 min ago; Lighter RH: live order book, 2 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 ApeX Omni live order book, 2 min ago0.36 bp5.4 bp −$55.8 bp −$5817.2 bp −$1,71941.1 bp −$20.5K
Sell Lighter RH live order book, 2 min ago0.67 bp0.9 bp −$12.5 bp −$255.7 bp −$57153.9 bp −$27.0K

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%43m2,766.9−0.025%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.052%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.8−0.027%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,766.7−0.030%$171K$1.2M50xas long as short
ApeX Omni ETHUSDTlong−0.0052%1h2,767.5long leg$8.8M$32.5M100x
Phoenix ETH−0.0023%1h2,767−0.020%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,766.5−0.036%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,767.4−0.005%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2−0.011%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,766−0.056%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,765.9−0.061%$1.71B$11.84B100xas long as short
Phemex ETHUSDT+0.0023%8h2,766.1−0.054%$266.3M$66.0M150xas long as short
Aftermath Perps ETHUSD+0.0026%1h2,767.6+0.003%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,767−0.018%$13.1M—200xas long as short
Aster ETHUSDT+0.0037%8h2,766−0.056%$255.7M$995.0M200xas long as short
MEXC ETH_USDT+0.0046%8h2,766.1−0.051%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0046%8h2,766.1−0.051%$6.42B$17.20B150xas long as short
Aevo ETH-PERP+0.0048%1h2,764−0.129%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0066%8h2,766.3−0.046%$3.28B$9.62B200xas long as short
Deribit ETH-PERPETUAL+0.0072%1h2,767.7+0.004%$258.4M$224.6M50xas long as short
Bitget ETHUSDT+0.0073%8h2,766.1−0.052%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,766.1−0.051%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.127%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,766.5−0.039%$115.2M$511.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,767.9+0.014%$25.4M$122.3M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,767.3−0.008%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,766.2−0.047%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.8−0.027%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.4−0.043%$14.8M$116.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.8+0.046%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,767−0.019%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,766.2−0.048%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.2−0.048%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.6+0.037%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.072%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,766.1−0.052%$424.3M$740.9M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.6−0.035%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,764.4−0.113%$177.7M$792.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.8−0.064%$160.8M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,766.4−0.041%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,767.2−0.013%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.009%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.1−0.015%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.6+0.039%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.7−0.067%$970K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.7−0.066%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.2−0.047%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,765.8−0.062%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.7+0.007%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,767.3−0.009%$8.6M$672.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,768.9+0.049%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0166%8h2,765.5−0.076%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,765.3−0.082%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767.1−0.017%$87.5M$330.0M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,768.5+0.035%$290K$1.5M20xas long as short