ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.031%

Price spread now: Lighter RH against Hibachi+0.003%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Hibachi Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.003%, 7d avg −0.003%

Together, before fees+0.270%+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.304%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,741.3	0.0280	pay 0.0035% / 1h	52m 00s	$248K	$1.4M	20x
Short	Lighter RH ETH	2,741.4	0.0096	get 0.0012% / 1h	52m 00s	$23.5M	$103.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Hibachi. 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 HibachibpFee Lighter RHbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$38.64
Price spread: +0.003% → −0.003%: $0.64
Slippage, 4 orders: −$4.9
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$51.9
Costs to cover: 0.139%
Break-even: never at this rate

Slippage from Hibachi: live order book, 2 min ago; Lighter RH: live order book, 7 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 Hibachi live order book, 2 min ago	0.02 bp	5.4 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit
Sell Lighter RH live order book, 7 min ago	0.53 bp	1.9 bp −$2	3.5 bp −$35	9.6 bp −$960	55.7 bp −$27.9K

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	2,740.4	−0.031%	$298K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,741.1	−0.007%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,740.1	−0.041%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,740.2	−0.039%	$826K	$2.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,740.4	−0.032%	$10.8M	$42.0M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740.5	−0.028%	$6.7M	$681.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,740.2	−0.038%	$28.1M	—	200x	as long as short
HTX ETH-USDT	+0.0020%	8h	2,738.8	−0.089%	$1.06B	$1.20B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0024%	1h	2,740.7	−0.020%	$259.5M	$199.8M	50x	as long as short
Bullet ETH-USD	+0.0039%	1h	2,739.7	−0.058%	$180K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0042%	8h	2,738.9	−0.087%	—	$18.4M	—	as long as short
Bybit ETHUSDT	+0.0047%	8h	2,739.2	−0.078%	$2.37B	$4.37B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,740.4	−0.032%	$187K	$817K	50x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,739.9	−0.049%	$380.3M	$574.4M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,739.4	−0.069%	$1.67B	$10.75B	100x	as long as short
Phemex ETHUSDT	+0.0079%	8h	2,739.3	−0.072%	$265.8M	$65.3M	150x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,739.9	−0.049%	$251.3M	$843.1M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,740	−0.047%	$113.2M	$430.6M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,741.4	+0.003%	$23.5M	$103.7M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,741.2	−0.003%	—	$31.0M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.9	−0.161%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,738.7	−0.094%	$118K	$22.5M	52x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,739.8	−0.053%	$1.56B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0098%	8h	2,739.6	−0.063%	$6.36B	$15.90B	150x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,744.3	+0.110%	$15.7M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.7	−0.058%	$503K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739.6	−0.063%	$13.7M	$104.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742.2	+0.034%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741	−0.010%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.6	−0.061%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.4	−0.031%	$1.5M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,739.7	−0.059%	$171.0M	$325.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739.4	−0.068%	$3.34B	$8.84B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,740.1	−0.043%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.4	−0.070%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.102%	$134.0M	$323.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.7	−0.095%	$184.2M	$669.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.7	−0.093%	$159.3M	$86.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,739.5	−0.066%	$8.7M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,740.2	−0.039%	$21.1M	$68.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.9	−0.013%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.4	+0.004%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,740.1	−0.043%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.4	+0.003%	$41.4M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.6	−0.099%	$959K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,739.5	−0.065%	$54.6M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.9	−0.085%	$30.6M	$72.9M	50x	as long as short
Aftermath Perps ETHUSD	+0.0106%	1h	2,739.1	−0.081%	$30K	$20K	20x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,740.6	−0.026%	$5.7M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,740.5	−0.030%	$51.3M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,740.1	−0.042%	$83.8M	$315.6M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0200%	8h	2,741.7	+0.017%	$32.3M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0214%	1h	2,739.3	−0.073%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-Plong	+0.0280%	1h	2,741.3	long leg	$248K	$1.4M	20x
BloFin ETH-USDT	+0.0392%	8h	2,740.8	−0.017%	$283.3M	$176.0M	150x	as long as short