Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Lighter−0.039%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$60.064% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.039%, 7d avg −0.059%
=Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETH | 2,780.5 | 0.0096 | pay 0.0012% / 1h | 40m 37s | $115.3M | $497.6M | 50x |
| Short | Extended ETH-USD | 2,779.4 | 0.0104 | get 0.0013% / 1h | 40m 37s | $31.6M | $74.6M | 50x |
Lighter ETH
Extended ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.68
- Price spread: −0.039% → −0.059%
- $1.95
- Slippage, 4 orders
- −$1.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$2.75
- Costs to cover
- 0.064%
- Break-even
- 18.5 days
Slippage from Lighter: live order book, 9 min ago; Extended: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 9 min ago | 0.38 bp | 0.5 bp −$1 | 0.9 bp −$9 | 1.4 bp −$145 | 3.5 bp −$1,772 |
| Sell Extended live order book, 4 min ago | 0.18 bp | 2.7 bp −$3 | 2.7 bp −$27 | 3.7 bp −$367 | 12.1 bp −$6,049 |
ETH on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,781.3 | +0.026% | $289K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,780.5 | 0.000% | $5.8M | $12.0M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,782 | +0.053% | $5K | $2K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,775.7 | −0.174% | $119K | $22.5M | 52x | as long as short |
| 01 Exchange ETHUSD | −0.0032% | 1h | 2,781.2 | +0.024% | $170K | $1.2M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.0027% | 1h | 2,777.2 | −0.121% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,780.4 | −0.006% | $12.7M | $45.5M | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,774.2 | −0.228% | $885K | $3.7M | 25x | as long as short |
| Phemex ETHUSDT | +0.0005% | 8h | 2,779.5 | −0.037% | $270.4M | $68.5M | 150x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,780.3 | −0.009% | $22.5M | — | 200x | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
Injective ETH/USDC PERP
01 Exchange ETHUSD
Aftermath Perps ETHUSD
dYdX ETH-USD
Phoenix ETH
Phemex ETHUSDT
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDT | +0.0015% | 8h | 2,780.3 | −0.009% | — | $1.18B | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0019% | 8h | 2,779.8 | −0.026% | $1.71B | $11.85B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,780.4 | −0.003% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,780.1 | −0.016% | $257.0M | $989.7M | 200x | as long as short |
| Bullet ETH-USD | +0.0040% | 1h | 2,780 | −0.020% | $182K | $1.8M | 20x | as long as short |
| Nado ETH-PERP | +0.0044% | 1h | 2,780.1 | −0.015% | $14.3M | $117.7M | 50x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,775.3 | −0.187% | $5.0M | $636K | 20x | as long as short |
| MEXC ETH_USDT | +0.0058% | 8h | 2,780.6 | +0.003% | $1.62B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0062% | 8h | 2,779.9 | −0.023% | $6.45B | $17.11B | 150x | as long as short |
| Bitget ETHUSDT | +0.0072% | 8h | 2,780.1 | −0.015% | $2.10B | $3.10B | 150x | as long as short |
| Gate ETH_USDT | +0.0077% | 8h | 2,780.2 | −0.013% | $3.30B | $9.57B | 200x | as long as short |
| HTX ETH-USDT | +0.0096% | 8h | 2,779.6 | −0.035% | $1.08B | $1.31B | 200x | as long as short |
| Lighter ETHlong | +0.0096% | 1h | 2,780.5 | long leg | $115.3M | $497.6M | 50x | |
| Lighter RH ETH | +0.0096% | 1h | 2,781.8 | +0.046% | $25.5M | $120.9M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,782.3 | +0.062% | — | $41.5M | 500x | as long as short |
| Bybit ETHUSDT | +0.0096% | 8h | 2,780.5 | −0.002% | $2.53B | $4.59B | 150x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,781.2 | +0.024% | $16.0M | $10.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,781.5 | +0.035% | $483K | $2.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,782.1 | +0.056% | $3.19B | $2.39B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,780.7 | +0.006% | $31.3M | $295.5M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,780 | −0.019% | $2.8M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,782.1 | +0.058% | $2.8M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,781.3 | +0.028% | $166.9M | $248.1M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,780.2 | −0.012% | $426.7M | $737.4M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,780.3 | −0.008% | $15.3M | $44.0M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,773.8 | −0.241% | $135.8M | $327.0M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,776.9 | −0.131% | $180.0M | $778.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,776.5 | −0.144% | $161.5M | $93.1M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,776.6 | −0.143% | $8.7M | $32.6M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,780.3 | −0.008% | $21.5M | $57.9M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,781 | +0.018% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,781.6 | +0.038% | $10.8M | $7.7M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,780 | −0.018% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,781.2 | +0.025% | $42.8M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,780.7 | +0.004% | $975K | $14.0M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,779.4 | −0.041% | $55.3M | $228.8M | 40x | as long as short |
| Extended ETH-USDshort | +0.0104% | 1h | 2,779.4 | −0.039% | $31.6M | $74.6M | 50x | |
| Hibachi ETH/USDT-P | +0.0104% | 1h | 2,778.9 | −0.059% | $281K | $1.5M | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,780.8 | +0.011% | $60.3M | $4.60B | 50x | as long as short |
| Deribit ETH-PERPETUAL | +0.0106% | 1h | 2,781.1 | +0.019% | $258.4M | $221.6M | 50x | as long as short |
| Kalshi KXETHPERP | +0.0113% | 8h | 2,781.8 | +0.046% | $8.6M | $672.9M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0139% | 8h | 2,781.5 | +0.035% | $32.6M | $12.0M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0169% | 1h | 2,780.7 | +0.005% | $86.3M | $330.4M | 100x | as long as short |
| BloFin ETH-USDT | +0.0178% | 8h | 2,779.6 | −0.032% | $285.4M | $194.7M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0189% | 1h | 2,779.8 | −0.026% | $7.4M | $1.1M | 25x | as long as short |
BingX ETH-USDT
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Bullet ETH-USD
Nado ETH-PERP
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Bitget ETHUSDT
Gate ETH_USDT
HTX ETH-USDT
Lighter RH ETH
Jupiter Perps ETH-PERP
Bybit ETHUSDT
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Hibachi ETH/USDT-P
Coinbase International ETH-PERP-INTX
Deribit ETH-PERPETUAL
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Reya ETHRUSDPERP