ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: Lighter RH against gTrade (Gains Network)+0.065%7-day average +0.019% · 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−$6as in the Price arb table

costs, in and out, $10k−$110.110% of the position

Long on gTrade (Gains Network)Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.065%, 7d avg +0.019%

Together, before fees−0.012%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.046% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ETH/USD	2,743.1	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	34m 44s	$22.2M	—	200x
Short	Lighter RH ETH	2,744.9	0.0096	get 0.0012% / 1h	34m 44s	$24.6M	$103.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Lighter RHbpOrdersPrice spread, now +0.065%Rate

Funding earned: $18.86
Price spread: +0.065% → +0.019%: $4.6
Slippage, 4 orders: −$4.04
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $12.42
Costs to cover: 0.110%
Break-even: 2.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,450
Sell Lighter RH live order book, 4 min ago	1.26 bp	1.7 bp −$2	2.4 bp −$24	9.9 bp −$993	69.2 bp −$34.6K

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
Hotstuff ETH-PERP	−0.0080%	1h	2,741.5	−0.058%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	0.000%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743	−0.002%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,742	−0.039%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,741.9	−0.045%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USDlong	L +0.0006% / S −0.0006%	1h	2,743.1	long leg	$22.2M	—	200x
Phoenix ETH	+0.0017%	1h	2,741.5	−0.058%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,741.6	−0.054%	$182K	$916K	50x	as long as short
BingX ETH-USDC	+0.0050%	8h	2,742.9	−0.006%	—	$18.5M	—	as long as short
ApeX Omni ETHUSDT	+0.0055%	1h	2,738.9	−0.151%	$8.8M	$30.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0063%	8h	2,743.3	+0.006%	$383.3M	$595.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0064%	8h	2,741.4	−0.062%	$1.70B	$10.57B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,741.8	−0.046%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,742.6	−0.019%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,742.6	−0.020%	$252.3M	$841.2M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,743.3	+0.008%	$1.56B	$2.54B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,740.5	−0.093%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,742.6	−0.018%	$6.37B	$15.70B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,742.4	−0.026%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,743.2	+0.005%	$112.7M	$433.1M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,744.9	+0.065%	$24.6M	$103.8M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,742.2	−0.032%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,744.5	+0.050%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,744.9	+0.067%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,741.2	−0.069%	$467K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,741.9	−0.044%	$13.9M	$105.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,743.5	+0.015%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.7	−0.051%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,741.4	−0.060%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.4	−0.098%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.7	−0.050%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741.5	−0.057%	$164.1M	$300.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742.8	−0.012%	$3.39B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.1	−0.071%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.1	−0.037%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.088%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.1	−0.219%	$181.9M	$690.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740	−0.114%	$159.3M	$83.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.1	−0.109%	$21.2M	$68.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.8	+0.026%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.8	+0.062%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,741.2	−0.067%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,743	−0.003%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.8	−0.011%	$266.8M	$65.0M	150x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,742.6	−0.016%	—	$819K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.6	−0.017%	$30.6M	$72.4M	50x	as long as short
Bluefin ETH-PERP	+0.0107%	1h	2,742.8	−0.011%	$21K	$20K	25x	as long as short
Aftermath Perps ETHUSD	+0.0134%	1h	2,741.4	−0.061%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0155%	1h	2,744.5	+0.050%	$258.8M	$196.1M	50x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,742.5	−0.022%	$7.6M	$669.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,745	+0.069%	$32.3M	$11.3M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,744.1	+0.039%	$87.1M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,742.3	−0.029%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,741.4	−0.061%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0251%	8h	2,743	−0.002%	$285.0M	$182.0M	150x	as long as short