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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against Jupiter Perps+0.094%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Jupiter PerpsShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.094%, 7d avg +0.039%
Together, before fees−0.032%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.055% dearer against Jupiter Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongJupiter Perps ETH-PERP2,781.3L +0.0104% / S +0.0048%pay 0.0013% / 1h56m 46s—$41.8M500x
ShortLighter RH ETH2,783.90.0096get 0.0012% / 1h56m 46s$25.5M$120.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Jupiter Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$1.68
Price spread: +0.094% → +0.039%
$5.49
Slippage, 4 orders
no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$8.19
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Jupiter Perps no order-book sample—————
Sell Lighter RH live order book, 2 min ago1.19 bp1.3 bp −$12.6 bp −$269.6 bp −$96371.0 bp −$35.5K
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,779.7−0.056%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.8−0.055%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.7−0.129%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7−0.057%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.4−0.032%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,782.7+0.050%$12.8M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,778.7−0.093%$881K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,777.9−0.121%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.4+0.004%$22.5M—200xas long as short
BingX ETH-USDT+0.0014%8h2,781.9+0.021%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,782.3+0.036%$1.70B$11.90B100xas long as short
Phemex ETHUSDT+0.0022%8h2,780.5−0.027%$270.9M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,781.3+0.001%$12.9M—200xas long as short
Bullet ETH-USD+0.0028%1h2,780.5−0.028%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0034%8h2,781.6+0.010%$255.0M$998.0M200xas long as short
ApeX Omni ETHUSDT+0.0049%1h2,776.4−0.178%$8.8M$32.7M100xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,782.1+0.030%$258.7M$222.8M50xas long as short
MEXC ETH_USDT+0.0061%8h2,781.30.000%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0062%8h2,782+0.024%$6.45B$17.24B150xas long as short
Nado ETH-PERP+0.0062%1h2,780.2−0.040%$14.3M$118.2M50xas long as short
Bitget ETHUSDT+0.0064%8h2,782.1+0.028%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,779.4−0.067%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,781.8+0.018%$3.31B$9.56B200xas long as short
SoDEX ETH-USD+0.0084%1h2,780.7−0.022%$55.4M$229.0M40xas long as short
HTX ETH-USDT+0.0088%8h2,780.3−0.036%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782+0.027%$60.2M$4.61B50xas long as short
Bybit ETHUSDT+0.0090%8h2,782.4+0.040%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,780.8−0.016%$423.8M$739.4M100xas long as short
Vest ETH-PERP+0.0095%1h2,780.5−0.027%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,782.3+0.037%$116.3M$494.5M50xas long as short
Lighter RH ETHshort+0.0096%1h2,783.9+0.094%$25.5M$120.4M50x
Paradex ETH-USD-PERP+0.0099%8h2,779.2−0.074%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.9−0.050%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.9+0.129%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,782.6+0.047%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779−0.083%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,781.1−0.009%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.121%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.7−0.021%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.193%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.8−0.160%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9−0.158%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,779.1−0.079%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782+0.025%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780.7−0.021%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,782.9+0.059%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.1−0.045%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,780.8−0.018%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPlongL +0.0104% / S +0.0048%1h2,781.3long leg—$41.8M500x
Kraken Futures PF_ETHUSD+0.0122%1h2,781.9+0.023%$86.6M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,780.7−0.022%$8.3M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,783.5+0.078%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,780.3−0.034%$285.2M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,780.7−0.023%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,780.2−0.039%$270K$1.5M20xas long as short