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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 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.031%
Price spread now: Gate against Lighter+0.049%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Long on LighterShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 7 days−0.037%−$4 · spread now +0.049%, 7d avg −0.014%
Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.063% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,742.40.0096pay 0.0012% / 1h45m 22s$112.8M$431.7M50x
ShortGate ETH_USDT2,743.80.0100get 0.0100% / 8h5h 45m$3.40B$8.68B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.049% → −0.014%
$6.26
Slippage, 4 orders
−$1.09
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$8.99
Costs to cover
0.161%
Break-even
81.9 days
Slippage from Lighter: live order book, 14 min ago; Gate: 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, 14 min ago0.53 bp0.5 bp −$11.1 bp −$112.1 bp −$2085.2 bp −$2,621
Sell Gate live order book, 4 min ago0.02 bp7.5 bp −$87.5 bp −$7510.7 bp −$1,06818.6 bp −$9,305

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%43m2,742.9+0.019%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.6−0.030%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.084%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7+0.047%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.8+0.014%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8+0.049%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.066%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.1+0.062%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.5+0.040%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.8+0.050%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,743.3+0.031%$376.8M$597.6M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.2+0.065%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,743.6+0.044%$252.0M$841.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,741.2−0.043%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0087%8h2,743.7+0.046%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0088%8h2,743.6+0.044%$6.38B$15.71B150xas long as short
Lighter ETHlong+0.0096%1h2,742.4long leg$112.8M$431.7M50x
Lighter RH ETH+0.0096%1h2,743.2+0.030%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3−0.040%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.089%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.5+0.041%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4+0.036%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.7+0.156%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.032%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6+0.045%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.5+0.113%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,742.9+0.018%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744+0.059%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.3−0.040%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.2+0.064%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.041%$165.1M$304.9M25xas long as short
Gate ETH_USDTshort+0.0100%8h2,743.8+0.049%$3.40B$8.68B200x
Bitget ETHUSDT+0.0100%8h2,743.9+0.055%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.7−0.061%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.074%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.118%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.096%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.054%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.055%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6+0.080%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.056%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.120%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.068%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.054%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.097%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.038%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7+0.047%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,743.1+0.026%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4+0.036%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0151%8h2,741.1−0.048%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.146%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.019%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.078%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.5+0.038%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.057%$249K$1.4M20xas long as short