Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter against Bluefin−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.023% cheaper against Bluefin than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin ETH-PERP | 2,767.4 | 0.0100 | pay 0.0013% / 1h | 33m 48s | $21K | $25K | 25x |
| Short | Lighter ETH | 2,766.8 | 0.0096 | get 0.0012% / 1h | 33m 48s | $115.2M | $511.6M | 50x |
Bluefin ETH-PERP
Lighter ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bluefin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.023% → 0.000%
- −$2.28
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.12
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Bluefin: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bluefin no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.36 bp | 0.6 bp −$1 | 1.1 bp −$11 | 1.4 bp −$140 | 4.1 bp −$2,073 |
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETH on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0112% | 43m | 2,768.1 | +0.025% | $289K | $6.8M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0107% | 1h | 2,766.1 | −0.048% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,767.9 | +0.017% | $5K | $2K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0064% | 1h | 2,767 | −0.015% | $171K | $1.2M | 50x | as long as short |
| ApeX Omni ETHUSDT | −0.0052% | 1h | 2,767.5 | +0.004% | $8.8M | $32.5M | 100x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,767.2 | −0.008% | $795K | $3.7M | 25x | as long as short |
| RISEx ETH/USDC | −0.0011% | 1h | 2,767.4 | 0.000% | $5.8M | $11.8M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,767.4 | −0.001% | $12.7M | $45.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,767 | −0.015% | $22.3M | — | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0007% | 1h | 2,767.6 | +0.006% | $258.4M | $224.5M | 50x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
01 Exchange ETHUSD
ApeX Omni ETHUSDT
Phoenix ETH
RISEx ETH/USDC
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
Deribit ETH-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDC | +0.0016% | 8h | 2,766 | −0.053% | — | $17.3M | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0021% | 8h | 2,766.3 | −0.040% | $1.71B | $11.84B | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0022% | 1h | 2,767.4 | −0.002% | $29K | $21K | 20x | as long as short |
| Phemex ETHUSDT | +0.0025% | 8h | 2,766.1 | −0.049% | $266.2M | $66.0M | 150x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,766.9 | −0.018% | $13.1M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,766.3 | −0.040% | $255.7M | $995.1M | 200x | as long as short |
| MEXC ETH_USDT | +0.0046% | 8h | 2,766.4 | −0.037% | $1.62B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0046% | 8h | 2,766.2 | −0.045% | $6.42B | $17.20B | 150x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,764.1 | −0.120% | $5.0M | $636K | 20x | as long as short |
| Gate ETH_USDT | +0.0065% | 8h | 2,766.2 | −0.045% | $3.28B | $9.62B | 200x | as long as short |
| Bitget ETHUSDT | +0.0073% | 8h | 2,766.2 | −0.046% | $2.09B | $3.13B | 150x | as long as short |
| Bullet ETH-USD | +0.0083% | 1h | 2,766 | −0.051% | $184K | $1.8M | 20x | as long as short |
| Variational Omni ETH | +0.0092% | 8h | 2,764 | −0.123% | $140.6M | $319.6M | — | as long as short |
| Lighter ETHshort | +0.0096% | 1h | 2,766.8 | −0.023% | $115.2M | $511.6M | 50x | |
| Lighter RH ETH | +0.0096% | 1h | 2,768.1 | +0.026% | $25.4M | $122.2M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,767.7 | +0.011% | — | $41.7M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,766.2 | −0.044% | $15.9M | $10.9M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,766.8 | −0.022% | $480K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,767.7 | +0.012% | $14.7M | $116.8M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,768.6 | +0.043% | $3.19B | $2.38B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,767 | −0.015% | $31.1M | $285.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,766.5 | −0.032% | $2.50B | $4.64B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,767.7 | +0.010% | $2.9M | $16.5M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,769.4 | +0.072% | $2.8M | $17.5M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,765.5 | −0.068% | $164.9M | $254.7M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,766.1 | −0.048% | $424.3M | $741.1M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,766.5 | −0.034% | $15.3M | $42.4M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,763.9 | −0.127% | $177.7M | $791.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,767.6 | +0.007% | $160.9M | $97.1M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,765.2 | −0.080% | $21.4M | $57.7M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,767.3 | −0.003% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,768 | +0.021% | $10.8M | $7.8M | 50x | as long as short |
| Bluefin ETH-PERPlong | +0.0100% | 1h | 2,767.4 | long leg | $21K | $25K | 25x | |
| Derive ETH-PERP | +0.0100% | 1h | 2,768.6 | +0.044% | $42.6M | $29.2M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,765.3 | −0.075% | $970K | $14.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,765.9 | −0.055% | $55.1M | $228.6M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,766.2 | −0.044% | $1.08B | $1.32B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,765.6 | −0.064% | $31.4M | $76.1M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,767.8 | +0.014% | $60.0M | $4.62B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0120% | 8h | 2,768.3 | +0.032% | $8.6M | $672.2M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0131% | 8h | 2,769.3 | +0.066% | $32.5M | $11.9M | 100x | as long as short |
| BloFin ETH-USDT | +0.0166% | 8h | 2,766.1 | −0.047% | $285.7M | $194.8M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0185% | 1h | 2,765.3 | −0.078% | $7.5M | $995K | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0241% | 1h | 2,767.3 | −0.004% | $87.9M | $329.5M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0416% | 1h | 2,766.2 | −0.044% | $280K | $1.5M | 20x | as long as short |
BingX ETH-USDC
OKX ETH-USDT-SWAP
Aftermath Perps ETHUSD
Phemex ETHUSDT
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Aevo ETH-PERP
Gate ETH_USDT
Bitget ETHUSDT
Bullet ETH-USD
Variational Omni ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
BloFin ETH-USDT
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P