ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter RH against Extended+0.085%7-day average +0.073% · 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−$7as in the Price arb table

costs, in and out, $10k−$80.079% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.085%, 7d avg +0.073%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ETH-USD	2,777	0.0104	pay 0.0013% / 1h	43m 20s	$31.4M	$74.6M	50x
Short	Lighter RH ETH	2,779.4	0.0096	get 0.0012% / 1h	43m 20s	$25.4M	$120.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$1.68
Price spread: +0.085% → +0.073%: $1.21
Slippage, 4 orders: −$2.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.36
Costs to cover: 0.079%
Break-even: never at this rate

Slippage from Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 6 min ago	0.18 bp	2.7 bp −$3	2.7 bp −$27	4.4 bp −$443	12.5 bp −$6,242
Sell Lighter RH live order book, 6 min ago	1.19 bp	1.3 bp −$1	2.7 bp −$27	5.9 bp −$590	50.5 bp −$25.3K

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	−0.0447%	43m	2,776.6	−0.017%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.4	+0.014%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778.1	+0.038%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,762.7	−0.517%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,778	+0.034%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0020%	1h	2,775	−0.075%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.3	+0.009%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,774.2	−0.103%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.5	+0.016%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0014%	8h	2,775.7	−0.050%	$267.3M	$65.7M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0017%	8h	2,776.5	−0.021%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,776.6	−0.015%	$1.71B	$11.82B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.3	+0.008%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0033%	8h	2,777.2	+0.007%	$256.7M	$989.8M	200x	as long as short
Bullet ETH-USD	+0.0036%	1h	2,776.4	−0.022%	$182K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0041%	1h	2,777.6	+0.020%	$14.3M	$117.8M	50x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,777.7	+0.023%	$1.62B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.3	−0.099%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,776.9	−0.005%	$6.45B	$17.10B	150x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,777.5	+0.017%	$2.10B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0074%	1h	2,778	+0.034%	$258.4M	$222.6M	50x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,777.5	+0.016%	$3.29B	$9.56B	200x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,776.1	−0.035%	$1.08B	$1.31B	200x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,776.3	−0.027%	$55.3M	$228.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,778.1	+0.038%	$115.3M	$496.7M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,779.4	+0.085%	$25.4M	$120.8M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,777.4	+0.014%	—	$41.3M	500x	as long as short
Hibachi ETH/USDT-P	+0.0096%	1h	2,778.5	+0.053%	$287K	$1.5M	20x	as long as short
Bybit ETHUSDT	+0.0098%	8h	2,776.8	−0.010%	$2.52B	$4.59B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,778.2	+0.040%	$16.0M	$10.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,777.7	+0.023%	$483K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,780	+0.106%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778	+0.033%	$31.3M	$295.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.7	−0.013%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.4	+0.085%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.232%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,777.7	+0.025%	$426.0M	$737.6M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.4	+0.014%	$15.2M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.116%	$135.8M	$327.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.5	−0.055%	$179.9M	$780.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.5	−0.019%	$161.5M	$93.1M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.6	−0.018%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,776.2	−0.031%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779	+0.070%	$10.8M	$7.7M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,778.8	+0.063%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775.8	−0.047%	$974K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,777.9	+0.031%	—	$1.1M	50x	as long as short
Extended ETH-USDlong	+0.0104%	1h	2,777	long leg	$31.4M	$74.6M	50x
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,777.8	+0.027%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,777	−0.002%	$8.6M	$673.2M	4.9x	as long as short
Bluefin ETH-PERP	+0.0125%	1h	2,777.6	+0.019%	$21K	$24K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0139%	8h	2,779.4	+0.084%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,777.6	+0.019%	$86.2M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0174%	8h	2,776.4	−0.024%	$285.5M	$194.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,777.3	+0.008%	$7.4M	$1.1M	25x	as long as short