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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 23:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.003%
Price spread now: Lighter RH against Binance+0.088%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Long on BinanceShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$9 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.088%, 7d avg +0.025%
Together, before fees+0.011%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.063% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,770.30.0054pay 0.0054% / 8h1h 53m$6.43B$17.19B150x
ShortLighter RH ETH2,772.70.0096get 0.0012% / 1h53m 02s$25.4M$120.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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
$8.85
Price spread: +0.088% → +0.025%
$6.29
Slippage, 4 orders
−$3.04
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$2.1
Costs to cover
0.130%
Break-even
5.3 days
Slippage from Binance: live order book, 6 min ago; Lighter RH: live order book, 6 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 Binance live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$506.1 bp −$6098.8 bp −$4,377
Sell Lighter RH live order book, 6 min ago0.74 bp1.2 bp −$13.2 bp −$329.6 bp −$96168.9 bp −$34.5K

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%43m2,772.5+0.080%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2+0.068%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.158%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.2+0.104%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6+0.083%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.143%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.191%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.072%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.9+0.094%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,770−0.010%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.1−0.009%$1.71B$11.86B100xas long as short
Phemex ETHUSDT+0.0025%8h2,770.8+0.017%$266.9M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2+0.068%$13.2M—200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.210%$276K$1.5M20xas long as short
Aster ETHUSDT+0.0033%8h2,771.9+0.056%$256.3M$993.6M200xas long as short
Nado ETH-PERP+0.0038%1h2,772.5+0.079%$14.3M$118.9M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4+0.039%$182K$1.8M20xas long as short
Binance ETHUSDTlong+0.0054%8h2,770.3long leg$6.43B$17.19B150x
MEXC ETH_USDT+0.0054%8h2,770.30.000%$1.62B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,769.6−0.026%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.7+0.086%$258.4M$224.9M50xas long as short
SoDEX ETH-USD+0.0074%1h2,770.8+0.018%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,770.1−0.006%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,770.6+0.009%$3.29B$9.54B200xas long as short
Lighter ETH+0.0096%1h2,770.8+0.017%$114.9M$495.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,772.7+0.088%$25.4M$120.6M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.5+0.114%—$41.7M500xas long as short
HTX ETH-USDT+0.0098%8h2,771.1+0.029%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1+0.066%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.8+0.091%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9+0.093%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.8+0.090%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3+0.108%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.2−0.003%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.079%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.141%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771+0.023%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771+0.026%$423.6M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771+0.023%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.139%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.210%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.216%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.187%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.115%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772+0.061%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.105%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,772+0.059%$973K$14.1M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.3+0.108%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,770.2−0.002%$31.4M$75.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.3+0.072%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,774+0.133%$8.6M$673.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,774+0.135%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.9+0.058%$86.1M$331.6M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.8+0.018%$286.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5+0.044%$7.3M$1.1M25xas long as short