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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 22:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.035%
Price spread now: dYdX against Lighter−0.010%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Long on LighterShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.186%+$19 on $10k
Price spread, last 7 days+0.108%+$11 · spread now −0.010%, 7d avg −0.013%
Together, before fees+0.294%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.186%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,765.90.0096pay 0.0012% / 1h35m 05s$115.2M$511.4M50x
ShortdYdX ETH-USD2,765.60.0000get 0.0000% / 1h35m 05s$12.7M$45.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$20.14
Price spread: −0.010% → −0.013%
$0.33
Slippage, 4 orders
−$2.8
Fee Lighter: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$32.61
Costs to cover
0.128%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; dYdX: 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 ago0.36 bp0.4 bp $00.8 bp −$81.3 bp −$1263.9 bp −$1,946
Sell dYdX live order book, 4 min ago0.36 bp6.4 bp −$613.2 bp −$13216.9 bp −$1,69551.8 bp −$25.9K

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−0.0112%43m2,765.3−0.022%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.007%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,764.5−0.051%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,765.4−0.018%$172K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0052%1h2,767.5+0.059%$8.8M$32.5M100xas long as short
Phoenix ETH−0.0023%1h2,767.2+0.047%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,765.2−0.027%$5.8M$11.8M25xas long as short
dYdX ETH-USDshort0.0000%1h2,765.6−0.010%$12.7M$45.5M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,765.90.000%$22.3M—200xas long as short
BingX ETH-USDT+0.0016%8h2,767.4+0.055%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,767.4+0.052%$1.71B$11.85B100xas long as short
Aftermath Perps ETHUSD+0.0025%1h2,767.2+0.046%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,765.9−0.001%$13.1M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,766.8+0.033%$266.3M$66.0M150xas long as short
Aster ETHUSDT+0.0037%8h2,766.7+0.029%$255.8M$995.2M200xas long as short
Deribit ETH-PERPETUAL+0.0039%1h2,767.1+0.044%$258.4M$224.5M50xas long as short
MEXC ETH_USDT+0.0046%8h2,767.3+0.051%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0046%8h2,768.1+0.078%$6.42B$17.20B150xas long as short
Aevo ETH-PERP+0.0048%1h2,763.5−0.088%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0063%8h2,767.9+0.071%$3.28B$9.61B200xas long as short
Bitget ETHUSDT+0.0074%8h2,767.6+0.060%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,765.1−0.030%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.068%$140.6M$319.6M—as long as short
Lighter ETHlong+0.0096%1h2,765.9long leg$115.2M$511.4M50x
Lighter RH ETH+0.0096%1h2,767.7+0.066%$25.3M$122.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,765.8−0.005%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,764.9−0.038%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,765.5−0.015%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,764.6−0.046%$14.7M$116.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.2+0.155%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,765.5−0.016%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.7+0.064%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.4−0.055%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,767+0.041%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.014%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,765.5−0.016%$424.0M$741.2M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1+0.079%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,763.9−0.073%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.6+0.061%$160.9M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,765.2−0.026%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,765.90.000%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,766.8+0.032%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766+0.005%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,768+0.077%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.2−0.060%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.2−0.026%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.3+0.014%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.2+0.048%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.3+0.050%$60.1M$4.62B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,766.1+0.007%$8.6M$671.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,768.2+0.081%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0166%8h2,766.1+0.007%$285.7M$194.8M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,764.2−0.061%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767+0.040%$87.9M$329.6M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,766.2+0.010%$280K$1.5M20xas long as short