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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 00:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Bullet+0.023%7-day average +0.012% · 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−$13as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Long on BulletShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.041%+$4 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.023%, 7d avg +0.012%
Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,783.70.0057pay 0.0007% / 1h54m 34s$182K$1.7M20x
ShortLighter RH ETH2,784.40.0096get 0.0012% / 1h54m 34s$25.4M$120.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Bullet. 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
$8.12
Price spread: +0.023% → +0.012%
$1.09
Slippage, 4 orders
−$5.98
Fee Bullet: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$4.77
Costs to cover
0.140%
Break-even
11.1 days
Slippage from Bullet: live order book, 5 min ago; Lighter RH: 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 Bullet live order book, 5 min ago0.36 bp5.8 bp −$69.1 bp −$91doesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago1.19 bp1.3 bp −$12.6 bp −$269.6 bp −$96371.0 bp −$35.5K

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%43m2,784+0.011%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,784+0.011%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.141%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.044%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.3+0.020%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,784.1+0.013%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,779.5−0.151%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.4+0.024%$12.8M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.181%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,784.5+0.026%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,783.3−0.015%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,783.5−0.010%$1.71B$11.91B100xas long as short
Phemex ETHUSDT+0.0023%8h2,783.8+0.001%$271.2M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.4+0.024%$12.9M—200xas long as short
Aster ETHUSDT+0.0037%8h2,783.6−0.004%$255.2M$998.3M200xas long as short
Deribit ETH-PERPETUAL+0.0052%1h2,784.8+0.037%$258.8M$222.5M50xas long as short
Bullet ETH-USDlong+0.0057%1h2,783.7long leg$182K$1.7M20x
MEXC ETH_USDT+0.0062%8h2,782.3−0.052%$1.60B$2.62B500xas long as short
Aevo ETH-PERP+0.0064%1h2,782.1−0.058%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0064%8h2,784+0.008%$6.46B$17.25B150xas long as short
Bitget ETHUSDT+0.0065%8h2,784.3+0.018%$2.11B$3.10B150xas long as short
Nado ETH-PERP+0.0066%1h2,784.1+0.013%$14.4M$118.2M50xas long as short
Gate ETH_USDT+0.0071%8h2,784.2+0.017%$3.31B$9.57B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,784.4+0.022%$60.3M$4.62B50xas long as short
HTX ETH-USDT+0.0089%8h2,783.1−0.023%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,783.9+0.007%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0090%8h2,783−0.028%$424.1M$739.3M100xas long as short
Vest ETH-PERP+0.0095%1h2,783.6−0.006%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,783.6−0.004%$116.4M$494.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,784.4+0.023%$25.4M$120.5M50x
Paradex ETH-USD-PERP+0.0099%8h2,783−0.026%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,784.2+0.017%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.3+0.092%$3.20B$2.34B25xas long as short
Pacifica ETH+0.0100%1h2,783.7−0.002%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.5−0.044%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,785.4+0.061%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.208%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.1−0.022%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.083%$147.6M$336.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,779−0.169%$181.9M$779.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.8−0.106%$161.7M$90.3M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.009%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.7+0.035%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,784+0.008%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,785.7+0.071%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,783.1−0.025%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.1−0.023%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,783.8+0.002%$32.7M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,784.1+0.014%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.3+0.019%$86.8M$332.7M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,783.6−0.005%$8.4M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,786.5+0.098%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0182%8h2,783.7−0.001%$285.4M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,783.3−0.016%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,781.9−0.067%$271K$1.5M20xas long as short