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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.015%
Price spread now: Lighter RH against Bitget+0.111%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Long on BitgetShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 7 days−0.111%−$11 · spread now +0.111%, 7d avg +0.025%
Together, before fees−0.047%+ Points / potential airdropLighter RH: Points live · farm board−$5 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 0.086% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,762.80.0074pay 0.0074% / 8h2h 39m$2.09B$3.13B150x
ShortLighter RH ETH2,765.90.0096get 0.0012% / 1h39m 44s$25.3M$122.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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
$4.62
Price spread: +0.111% → +0.025%
$8.64
Slippage, 4 orders
−$3.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$1.8
Costs to cover
0.151%
Break-even
9.7 days
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 4 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 Bitget live order book, 4 min ago0.02 bp6.0 bp −$66.9 bp −$698.1 bp −$813doesn't fit
Sell Lighter RH live order book, 4 min ago1.17 bp1.8 bp −$23.1 bp −$3110.4 bp −$1,04271.4 bp −$35.7K

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
ApeX Omni ETHUSDT−0.0119%1h2,768.2+0.192%$10.5M$30.9M100xas long as short
Perpl ETH−0.0112%43m2,765.8+0.105%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.118%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.1+0.118%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,763.3+0.017%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.306%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,763.2+0.015%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,765.9+0.111%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.4+0.127%$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,763.2+0.012%$1.70B$11.81B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,769.3+0.233%$29K$21K20xas long as short
Phemex ETHUSDT+0.0027%8h2,765.5+0.095%$266.1M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,766.3+0.125%$13.1M—200xas long as short
Aster ETHUSDT+0.0039%8h2,764.2+0.051%$255.6M$995.7M200xas long as short
MEXC ETH_USDT+0.0044%8h2,763.8+0.033%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0045%8h2,763.9+0.037%$6.43B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,763.4+0.021%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0057%1h2,766.9+0.146%$258.4M$224.4M50xas long as short
Gate ETH_USDT+0.0062%8h2,763.3+0.016%$3.28B$9.59B200xas long as short
Bitget ETHUSDTlong+0.0074%8h2,762.8long leg$2.09B$3.13B150x
Bullet ETH-USD+0.0084%1h2,765.3+0.091%$184K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4+0.092%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,764.6+0.062%$115.1M$510.5M50xas long as short
Lighter RH ETHshort+0.0096%1h2,765.9+0.111%$25.3M$122.0M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,766.3+0.126%—$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,763.6+0.029%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,763.5+0.024%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,765.3+0.090%$14.9M$116.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.8+0.143%$3.18B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,764.6+0.064%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.6+0.029%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.6+0.064%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,765.4+0.092%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.098%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,764.3+0.052%$424.3M$742.7M100xas long as short
BingX ETH-USDC+0.0100%8h2,762.7−0.005%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,765.8+0.105%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.1+0.226%$178.0M$791.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.5+0.206%$161.0M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,766.4+0.129%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,766.6+0.137%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.1+0.154%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.2+0.121%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.9+0.181%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.3+0.090%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.1+0.082%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,765.1+0.083%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,762.4−0.017%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767+0.149%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,766.5+0.132%$8.6M$672.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,768.4+0.203%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,765.5+0.095%$286.3M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,764.7+0.066%$7.5M$986K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,766.5+0.132%$88.3M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0408%1h2,769.1+0.225%$272K$1.5M20xas long as short