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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 01:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.005%
Price spread now: Binance against Lighter0.000%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$110.112% of the position
Long on LighterShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.001%$0 · spread now 0.000%, 7d avg −0.011%
Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,768.20.0096pay 0.0012% / 1h20m 16s$114.9M$458.5M50x
ShortBinance ETHUSDT2,768.20.0060get 0.0060% / 8h7h 20m$6.48B$16.28B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$7.63
Price spread: 0.000% → −0.011%
$1.06
Slippage, 4 orders
−$1.2
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$17.77
Costs to cover
0.112%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 9 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 ago0.31 bp0.4 bp $00.8 bp −$81.2 bp −$1173.8 bp −$1,916
Sell Binance live order book, 9 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5739.1 bp −$4,531

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.313%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.9−0.014%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,767.9−0.013%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.8−0.016%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,767.9−0.012%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.136%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.035%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.023%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,768.1−0.007%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,769+0.027%$1.71B$11.13B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0032%1h2,768.2−0.001%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.7+0.016%$12.7M—200xas long as short
Aster ETHUSDT+0.0049%8h2,768.2−0.003%$256.0M$885.0M200xas long as short
Gate ETH_USDT+0.0054%8h2,768.4+0.004%$3.37B$9.04B200xas long as short
Binance ETHUSDTshort+0.0060%8h2,768.20.000%$6.48B$16.28B150x
MEXC ETH_USDT+0.0061%8h2,768.1−0.005%$1.62B$2.64B500xas long as short
Aevo ETH-PERP+0.0064%1h2,768.2−0.002%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.8+0.128%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,768.6+0.013%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.4+0.040%$60.3M$4.42B50xas long as short
Phemex ETHUSDT+0.0081%8h2,768.3+0.001%$269.4M$67.4M150xas long as short
Vest ETH-PERP+0.0082%1h2,768.3+0.001%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,768−0.008%$420.0M$619.9M100xas long as short
Lighter ETHlong+0.0096%1h2,768.2long leg$114.9M$458.5M50x
Lighter RH ETH+0.0096%1h2,769.5+0.045%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,769.7+0.052%$259.1M$204.6M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.060%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.9−0.012%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.044%$14.6M$113.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.2+0.071%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.8−0.017%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.2+0.034%$2.51B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.052%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.5+0.009%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.166%$170.3M$276.6M25xas long as short
BingX ETH-USDT+0.0100%8h2,768.3+0.002%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1−0.005%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.011%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.130%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.272%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.123%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.020%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8−0.016%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.040%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.4+0.078%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.3−0.034%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768−0.008%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,767.8−0.014%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.026%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,769.8+0.056%$8.1M$679.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.6+0.050%$96.0M$318.8M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.100%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.6+0.122%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.017%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,767.5−0.027%$7.3M$1.1M25xas long as short