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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Arcus+0.048%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$70.068% of the position
Long on ArcusShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.004%$0 on $10k
Price spread, last 7 days−0.052%−$5 · spread now +0.048%, 7d avg −0.015%
Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 is 0.063% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,734.40.0100pay 0.0013% / 1h4m 14s$1.6M$16.0M25x
ShortLighter ETH2,735.70.0096get 0.0012% / 1h4m 14s$112.8M$441.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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
−$0.84
Price spread: +0.048% → −0.015%
$6.33
Slippage, 4 orders
−$2.26
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Lighter: 0 bp × 2 orders
$0
Net
−$1.27
Costs to cover
0.068%
Break-even
never at this rate
Slippage from Arcus: live order book, 5 min ago; Lighter: live order book, 5 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 Arcus live order book, 5 min ago0.31 bp2.6 bp −$32.7 bp −$275.3 bp −$532doesn't fit
Sell Lighter live order book, 5 min ago0.55 bp0.6 bp −$10.9 bp −$91.4 bp −$1404.7 bp −$2,338

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−0.0447%43m2,733−0.051%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.007%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.8−0.022%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6+0.007%$11.9M—200xas long as short
01 Exchange ETHUSD0.0000%1h2,734.2−0.007%$187K$821K50xas long as short
Phoenix ETH0.0000%1h2,733.9−0.018%$826K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,733−0.051%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.7+0.011%$28.1M—200xas long as short
Bullet ETH-USD+0.0014%1h2,734.2−0.006%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0020%8h2,733.3−0.042%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,733.8−0.022%—$18.5M—as long as short
Bybit ETHUSDT+0.0054%8h2,734−0.014%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,732.3−0.078%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,733.8−0.023%$380.3M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,734.4+0.001%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0081%8h2,735.3+0.031%$265.8M$65.2M150xas long as short
Aster ETHUSDT+0.0085%8h2,734.3−0.002%$251.0M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,734.3−0.003%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0095%8h2,734.3−0.003%$6.35B$15.87B150xas long as short
Lighter ETHshort+0.0096%1h2,735.7+0.048%$112.8M$441.9M50x
Lighter RH ETH+0.0096%1h2,736.9+0.091%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.6−0.028%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732−0.088%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.1+0.098%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.4+0.001%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.5−0.033%$500K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.4−0.035%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.6+0.081%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.40.000%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7−0.062%$2.7M$16.7M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,734.4long leg$1.6M$16.0M25x
Bulk ETH-USD+0.0100%1h2,733.7−0.026%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.40.000%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.4−0.001%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.085%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.088%$133.7M$324.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.074%$183.8M$670.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.6−0.030%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,733.5−0.033%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.8+0.015%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.059%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.2−0.006%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736+0.061%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.5−0.069%$957K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,734.5+0.004%$54.5M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,733.6−0.031%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.5+0.076%$51.2M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0117%1h2,734−0.014%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0130%8h2,734.2−0.007%$6.6M$678.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0163%1h2,735.9+0.053%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,736.9+0.091%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,733.6−0.028%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.052%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734.2−0.008%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5−0.034%$283.3M$175.7M150xas long as short