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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 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.005%
Price spread now: Lighter against Aster+0.018%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$100.100% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.018%, 7d avg +0.005%
Together, before fees−0.032%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,737.40.0084pay 0.0084% / 8h4h 31m$251.2M$844.0M200x
ShortLighter ETH2,737.80.0096get 0.0012% / 1h31m 34s$113.2M$438.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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
$2.48
Price spread: +0.018% → +0.005%
$1.21
Slippage, 4 orders
−$1.98
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.29
Costs to cover
0.100%
Break-even
24.8 days
Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 13 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 Aster live order book, 3 min ago0.37 bp4.5 bp −$55.0 bp −$506.4 bp −$63511.7 bp −$5,835
Sell Lighter live order book, 13 min ago0.46 bp0.5 bp −$10.9 bp −$91.3 bp −$1254.1 bp −$2,057

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%43m2,735.2−0.078%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.236%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.9−0.053%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.4−0.034%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.5+0.007%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.7+0.013%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,732−0.195%$829K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.5−0.031%$27.9M—200xas long as short
Bullet ETH-USD+0.0007%1h2,735.8−0.056%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.161%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0058%8h2,736.6−0.026%—$18.4M—as long as short
HTX ETH-USDT+0.0063%8h2,735−0.086%$1.06B$1.19B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,737.1−0.009%$380.3M$575.1M100xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,737.2−0.006%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0071%8h2,736.2−0.044%$265.9M$65.4M150xas long as short
Bybit ETHUSDT+0.0071%8h2,737.1−0.011%$2.39B$4.35B150xas long as short
SoDEX ETH-USD+0.0072%1h2,736.1−0.046%$54.5M$187.7M40xas long as short
Aster ETHUSDTlong+0.0084%8h2,737.4long leg$251.2M$844.0M200x
MEXC ETH_USDT+0.0088%8h2,737.4+0.003%$1.53B$2.56B500xas long as short
Aevo ETH-PERP+0.0088%1h2,733.3−0.148%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,737.40.000%$6.35B$15.87B150xas long as short
Lighter ETHshort+0.0096%1h2,737.8+0.018%$113.2M$438.5M50x
Lighter RH ETH+0.0096%1h2,739+0.060%$23.4M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736.2−0.041%—$30.8M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,741.3+0.143%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,737.9+0.020%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.2−0.005%$501K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.3−0.001%$13.8M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.4+0.075%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.3+0.035%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.4−0.035%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.9+0.021%$1.6M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.317%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.3−0.003%$3.35B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.4+0.003%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.4−0.037%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.6−0.394%$133.1M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.281%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3−0.258%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,735.6−0.064%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.2−0.040%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.009%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,736.1−0.047%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.6+0.010%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.1−0.081%$958K$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0101%1h2,737.5+0.006%$260.2M$196.6M50xas long as short
Extended ETH-USD+0.0104%1h2,736.5−0.031%$30.3M$72.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.7+0.014%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,732.4−0.179%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0145%8h2,736−0.049%$6.6M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,738.6+0.045%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,735.2−0.078%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737−0.013%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,734.9−0.088%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,734−0.122%$283.4M$175.7M150xas long as short