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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.020%
Price spread now: Bluefin against Lighter+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on LighterShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,730.50.0096pay 0.0012% / 1h43m 10s$112.6M$429.4M50x
ShortBluefin ETH-PERP2,730.60.0100get 0.0013% / 1h43m 10s$22K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$0.84
Price spread: +0.004% → 0.000%
$0.44
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$5.72
Costs to cover
0.070%
Break-even
54.7 days
Slippage unknown: Lighter: live order book, 6 min ago; Bluefin: no order-book sample. 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 Lighter live order book, 6 min ago0.17 bp0.5 bp $00.8 bp −$81.2 bp −$1224.1 bp −$2,051
Sell Bluefin no order-book sample—————
Bluefin: 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
BloFin ETH-USDT−0.0189%8h2,730−0.018%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.058%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,733.5+0.109%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9+0.015%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.030%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.3+0.029%$6.3M$680.6M4.9xas long as short
Perpl ETH0.0000%43m2,730.3−0.008%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.6+0.002%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.7+0.005%$32.9M—200xas long as short
BingX ETH-USDC+0.0019%8h2,729.8−0.027%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,729.5−0.037%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,729.5−0.038%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,731.7+0.043%$191K$889K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.065%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.026%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,730.2−0.011%$82.0M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,730.9+0.012%$384.9M$576.9M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,733.1+0.094%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,729.5−0.037%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0082%8h2,729.9−0.023%$252.8M$849.3M200xas long as short
MEXC ETH_USDT+0.0094%8h2,729.7−0.030%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,729.9−0.024%$6.31B$16.15B150xas long as short
Lighter ETHlong+0.0096%1h2,730.5long leg$112.6M$429.4M50x
Lighter RH ETH+0.0096%1h2,731.6+0.040%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.115%$4.9M$181K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.5−0.001%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.2+0.170%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.005%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.6+0.113%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732+0.055%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.1−0.015%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.046%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.037%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.9+0.014%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.1−0.016%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731+0.017%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.041%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7+0.044%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.055%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.2+0.062%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.7+0.081%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.1+0.058%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.6+0.001%$184K$1.7M20xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,730.6+0.004%$22K$20K25x
Derive ETH-PERP+0.0100%1h2,732.6+0.075%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.3−0.007%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,729.7−0.030%$54.4M$187.1M40xas long as short
Phemex ETHUSDT+0.0100%8h2,730.9+0.015%$263.2M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,731.8+0.045%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,729.2−0.050%$30.4M$72.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.4+0.032%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731+0.018%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,731.4+0.032%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,730−0.018%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,732.3+0.065%$32.2M$11.3M100xas long as short