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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 22:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.033%
Price spread now: BloFin against Lighter−0.021%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Long on LighterShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.219%+$22 on $10k
Price spread, last 3 days (all we have)−0.160%−$16 · spread now −0.021%, 7d avg −0.032%
Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,768.50.0096pay 0.0012% / 1h44m 42s$115.1M$509.1M50x
ShortBloFin ETH-USDT2,767.90.0165get 0.0165% / 8h2h 44m$286.6M$195.3M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$14.39
Price spread: −0.021% → −0.032%
$1.06
Slippage, 4 orders
−$1.43
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2.02
Costs to cover
0.134%
Break-even
6.0 days
Slippage from Lighter: live order book, 4 min ago; BloFin: 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 ago0.32 bp0.7 bp −$10.9 bp −$91.3 bp −$1253.5 bp −$1,752
Sell BloFin live order book, 4 min ago0.13 bp6.1 bp −$66.4 bp −$646.9 bp −$6868.9 bp −$4,433

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%43m2,769+0.020%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.080%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0095%1h2,771.1+0.095%$10.5M$31.0M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.4−0.003%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.4−0.003%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.101%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.4−0.002%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,769.1+0.022%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.014%$22.4M—200xas long as short
Phemex ETHUSDT+0.0021%8h2,768.1−0.016%$266.3M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,767.8−0.025%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,772.3+0.136%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,768.9+0.014%$13.1M—200xas long as short
Aster ETHUSDT+0.0042%8h2,767.9−0.021%$255.7M$995.5M200xas long as short
MEXC ETH_USDT+0.0044%8h2,768.1−0.016%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,768.1−0.016%$6.43B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.1−0.086%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0060%8h2,768.3−0.008%$3.29B$9.57B200xas long as short
Bitget ETHUSDT+0.0074%8h2,768.2−0.010%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0079%1h2,768.1−0.015%$186K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.093%$141.1M$318.8M—as long as short
SoDEX ETH-USD+0.0094%1h2,768−0.018%$55.1M$228.6M40xas long as short
Lighter ETHlong+0.0096%1h2,768.5long leg$115.1M$509.1M50x
Lighter RH ETH+0.0096%1h2,769.9+0.052%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769+0.019%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.7−0.027%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.7+0.008%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.1−0.014%$16.0M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.7+0.080%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.6+0.004%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768−0.018%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.8−0.025%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.3+0.067%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.085%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768−0.017%$424.8M$742.3M100xas long as short
BingX ETH-USDC+0.0100%8h2,767.9−0.022%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.5−0.001%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,771.4+0.106%$178.2M$790.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.7+0.116%$161.2M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.069%$21.4M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.5+0.038%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6+0.040%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.030%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.5+0.073%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.2−0.046%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,767.6−0.034%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.9−0.022%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,769.6+0.040%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,770.3+0.065%$8.6M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,771+0.092%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,770+0.056%$259.0M$223.3M50xas long as short
BloFin ETH-USDTshort+0.0165%8h2,767.9−0.021%$286.6M$195.3M150x
Reya ETHRUSDPERP+0.0190%1h2,767.4−0.040%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,769.3+0.030%$88.4M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,772.4+0.140%$273K$1.5M20xas long as short