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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 06:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.001%
Price spread now: Lighter RH against KuCoin+0.047%7-day average +0.025% · 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−$13as in the Price arb table
costs, in and out, $10k−$150.150% of the position
Long on KuCoinShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.047%, 7d avg +0.025%
Together, before fees+0.036%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,728.30.0065pay 0.0065% / 8h2h 55m$378.1M$576.6M100x
ShortLighter RH ETH2,729.60.0096get 0.0012% / 1h55m 01s$23.4M$102.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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
$6.51
Price spread: +0.047% → +0.025%
$2.25
Slippage, 4 orders
−$2.97
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$6.22
Costs to cover
0.150%
Break-even
13.7 days
Slippage from KuCoin: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago0.02 bp6.0 bp −$67.4 bp −$7410.7 bp −$1,069doesn't fit
Sell Lighter RH live order book, 4 min ago1.14 bp1.1 bp −$12.1 bp −$218.3 bp −$83346.0 bp −$23.0K

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%43m2,728.2−0.004%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.8+0.020%$5K$1K50xas long as short
HTX ETH-USDT−0.0020%8h2,726.4−0.067%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.9−0.049%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6−0.024%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6+0.014%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2−0.041%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,729.1+0.031%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0030%8h2,727.5−0.026%—$18.5M—as long as short
Bybit ETHUSDT+0.0039%8h2,727.9−0.014%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.5−0.028%$186K$785K50xas long as short
SunX ETH-USDT+0.0058%8h2,726.6−0.061%$956K$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0062%1h2,728.8+0.019%$258.5M$203.1M50xas long as short
KuCoin ETHUSDTMlong+0.0065%8h2,728.3long leg$378.1M$576.6M100x
Bullet ETH-USD+0.0077%1h2,726.5−0.065%$176K$1.7M20xas long as short
Aster ETHUSDT+0.0078%8h2,728.1−0.006%$252.4M$843.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,725.3−0.108%$4.9M$155K20xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,728.4+0.006%$30K$20K20xas long as short
MEXC ETH_USDT+0.0083%8h2,728.2−0.003%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,728−0.011%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0085%8h2,728.2−0.004%$6.32B$15.97B150xas long as short
Phemex ETHUSDT+0.0090%8h2,727.9−0.015%$264.1M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,727.9−0.012%$111.9M$428.3M50xas long as short
Lighter RH ETHshort+0.0096%1h2,729.6+0.047%$23.4M$102.7M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.3+0.002%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.057%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.8+0.021%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.012%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.3+0.076%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728−0.008%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.7+0.016%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.5−0.027%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.3+0.003%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.1−0.004%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.2−0.003%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8+0.022%$134.6M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9−0.012%$183.5M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731+0.100%$158.9M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,729.4+0.042%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,729.3+0.038%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.1−0.006%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2−0.002%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.9−0.012%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729+0.025%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.7−0.021%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.048%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.057%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,729.1+0.032%$50.0M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,727.5−0.028%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0130%8h2,728.4+0.005%$6.4M$688.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,728.5+0.008%$83.0M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,729.8+0.056%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0205%1h2,725.6−0.097%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,729.6+0.051%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0338%8h2,727.6−0.026%$283.4M$174.5M150xas long as short