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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.035%
Price spread now: Lighter RH against Gate+0.019%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on GateShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.121%+$12 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.019%, 7d avg +0.028%
Together, before fees+0.104%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,772.10.0082pay 0.0082% / 8h1h 50m$3.29B$9.54B200x
ShortLighter RH ETH2,772.60.0096get 0.0012% / 1h50m 55s$25.4M$120.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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
$2.94
Price spread: +0.019% → +0.028%
−$0.86
Slippage, 4 orders
−$3.33
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$16.26
Costs to cover
0.183%
Break-even
45.7 days
Slippage from Gate: live order book, 3 min ago; Lighter RH: live order book, 3 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 Gate live order book, 3 min ago0.02 bp8.0 bp −$88.7 bp −$8711.5 bp −$1,14618.5 bp −$9,273
Sell Lighter RH live order book, 3 min ago1.03 bp1.3 bp −$13.1 bp −$316.7 bp −$67449.3 bp −$24.6K

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%43m2,771.6−0.017%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770.6−0.052%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.8−0.010%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.3+0.044%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.9−0.043%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,772.3+0.008%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,771.2−0.032%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,772−0.003%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.006%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,772.1+0.001%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.8−0.009%$1.71B$11.85B100xas long as short
Phemex ETHUSDT+0.0023%8h2,770.8−0.048%$266.9M$65.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2+0.003%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,772.10.000%$256.3M$993.1M200xas long as short
Nado ETH-PERP+0.0038%1h2,771.1−0.034%$14.3M$118.5M50xas long as short
Bullet ETH-USD+0.0039%1h2,771−0.040%$182K$1.8M20xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,773.9+0.065%$288K$1.5M20xas long as short
MEXC ETH_USDT+0.0053%8h2,770.6−0.053%$1.61B$2.63B500xas long as short
Binance ETHUSDT+0.0053%8h2,772.3+0.008%$6.44B$17.17B150xas long as short
Aevo ETH-PERP+0.0056%1h2,769.7−0.086%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0067%1h2,770.7−0.050%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,772.9+0.031%$2.10B$3.11B150xas long as short
Gate ETH_USDTlong+0.0082%8h2,772.1long leg$3.29B$9.54B200x
Deribit ETH-PERPETUAL+0.0086%1h2,772.2+0.005%$258.4M$224.4M50xas long as short
Lighter ETH+0.0096%1h2,771.1−0.037%$114.9M$495.9M50xas long as short
Lighter RH ETHshort+0.0096%1h2,772.6+0.019%$25.4M$120.7M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.004%—$41.7M500xas long as short
HTX ETH-USDT+0.0097%8h2,770.3−0.066%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1+0.003%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,770−0.075%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2−0.032%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.7+0.022%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,771.1−0.034%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.10.000%$2.51B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770−0.075%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.4+0.012%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.054%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771.3−0.027%$423.9M$740.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3−0.027%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.5+0.016%$179.7M$779.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.146%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.8−0.011%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,773.8+0.062%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.4−0.023%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.019%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772−0.001%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.3+0.043%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.4−0.059%$970K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.1−0.072%$31.4M$75.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772−0.003%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,772.1+0.001%$8.5M$673.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,773.7+0.057%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.7−0.012%$86.1M$330.7M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771−0.038%$285.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,770.9−0.043%$7.3M$1.1M25xas long as short