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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−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.004%
Price spread now: Aevo against Lighter−0.241%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Long on LighterShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.241%, 7d avg −0.091%
Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.151% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,781.60.0096pay 0.0012% / 1h40m 13s$115.3M$497.6M50x
ShortAevo ETH-PERP2,774.90.0056get 0.0007% / 1h40m 13s$5.0M$636K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
−$8.4
Price spread: −0.241% → −0.091%
−$15.06
Slippage, 4 orders
−$15.79
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$55.25
Costs to cover
0.318%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Aevo: 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 Lighter live order book, 4 min ago0.13 bp0.5 bp −$10.6 bp −$61.2 bp −$1173.9 bp −$1,927
Sell Aevo live order book, 4 min ago3.69 bp18.7 bp −$1929.0 bp −$29050.9 bp −$5,091doesn't fit

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%43m2,780.3−0.047%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5−0.040%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7−0.034%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.214%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,780.8−0.030%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,778−0.130%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4−0.046%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.267%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0004%8h2,780.4−0.046%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.8+0.007%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0015%8h2,780.3−0.047%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.7−0.035%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,781.7+0.001%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,780.7−0.033%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,781−0.022%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7−0.035%$14.3M$117.8M50xas long as short
Aevo ETH-PERPshort+0.0056%1h2,774.9−0.241%$5.0M$636K20x
MEXC ETH_USDT+0.0058%8h2,780.9−0.025%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,781.7+0.003%$6.46B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,780.6−0.036%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.7−0.033%$3.30B$9.57B200xas long as short
Lighter ETHlong+0.0096%1h2,781.6long leg$115.3M$497.6M50x
Lighter RH ETH+0.0096%1h2,782.6+0.035%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,780.6−0.037%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,780.7−0.033%$2.53B$4.59B150xas long as short
HTX ETH-USDT+0.0096%8h2,781.1−0.020%$1.08B$1.31B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2−0.016%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8−0.030%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783+0.049%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7−0.034%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780−0.059%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.018%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3−0.012%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,781.2−0.018%$426.8M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.5−0.007%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.002%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.171%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.184%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.183%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3−0.048%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2−0.017%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.020%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,781.3−0.011%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.052%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.6−0.075%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8−0.030%$55.4M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.9−0.061%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,782.1+0.017%$60.3M$4.60B50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.014%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0114%8h2,781.5−0.005%$8.6M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0120%1h2,782.4+0.026%$258.4M$221.6M50xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,783.5+0.068%$32.7M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,781.8+0.007%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6−0.072%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7−0.034%$7.4M$1.1M25xas long as short