Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against gTrade (Gains Network)+0.012%7-day average +0.005% · 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−$8as in the Price arb table
costs, in and out, $10k−$90.091% of the position
Long on gTrade (Gains Network)Short on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.090%+$9 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.012%, 7d avg +0.005%
Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,728.1L +0.0007% / S −0.0006%pay 0.0001% / 1h10m 45s$28.0M—200x
ShortLighter ETH2,728.40.0096get 0.0012% / 1h10m 45s$112.3M$435.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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
$18.79
Price spread: +0.012% → +0.005%
$0.69
Slippage, 4 orders
−$2.1
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
$10.38
Costs to cover
0.091%
Break-even
3.1 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Lighter: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago0.53 bp4.1 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,454
Sell Lighter live order book, 8 min ago0.22 bp0.3 bp $00.6 bp −$61.2 bp −$1194.2 bp −$2,079

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−0.0335%43m2,727.7−0.014%$298K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.1+0.038%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,728.1+0.003%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.1+0.002%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729+0.034%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,728.9+0.030%$6.2M$686.2M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,728.1+0.002%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,728.1long leg$28.0M—200x
BingX ETH-USDT+0.0028%8h2,727−0.038%—$1.14B—as long as short
Bullet ETH-USD+0.0034%1h2,727.7−0.014%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,726.8−0.048%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,729+0.034%$187K$814K50xas long as short
SunX ETH-USDT+0.0060%8h2,727−0.039%$957K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0067%8h2,727.5−0.019%$377.7M$575.1M100xas long as short
Deribit ETH-PERPETUAL+0.0069%1h2,729.5+0.054%$258.6M$202.5M50xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,726.9−0.042%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0079%8h2,727.2−0.032%$250.6M$842.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,726.8−0.046%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0085%8h2,727.7−0.013%$264.4M$64.7M150xas long as short
MEXC ETH_USDT+0.0086%8h2,727.2−0.032%$1.56B$2.58B500xas long as short
Binance ETHUSDT+0.0086%8h2,727−0.039%$6.32B$15.94B150xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728−0.001%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0089%1h2,728.2+0.005%$54.3M$187.8M40xas long as short
Lighter ETHshort+0.0096%1h2,728.4+0.012%$112.3M$435.3M50x
Lighter RH ETH+0.0096%1h2,729.7+0.058%$23.4M$104.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.7+0.024%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.100%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.7−0.014%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.2+0.077%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.008%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.4+0.049%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.5+0.051%$31.9M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.1+0.001%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.1+0.039%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.005%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1−0.037%$3.33B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.7−0.050%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.5−0.021%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727−0.039%$134.7M$322.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.001%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.025%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728.9+0.030%$21.0M$71.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.1+0.038%$11.2M$9.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.6+0.018%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729.7+0.060%$40.9M$29.9M15xas long as short
Vest ETH-PERP+0.0100%1h2,729+0.033%—$845K50xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,729.7+0.061%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,726.5−0.059%$30.5M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,728.9+0.030%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,729.2+0.043%$50.6M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,728.7+0.022%$83.5M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,730.2+0.076%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0208%1h2,727−0.037%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.7+0.022%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0345%8h2,727.7−0.014%$282.2M$174.7M150xas long as short