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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 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.009%
Price spread now: HTX against Lighter−0.099%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Long on LighterShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.099%, 7d avg −0.046%
Together, before fees+0.048%+ Points / potential airdropLighter: Season 3 · farm board+$5 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: HTX is 0.053% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,775.70.0096pay 0.0012% / 1h35m 40s$114.9M$498.5M50x
ShortHTX ETH-USDT2,772.90.0095get 0.0095% / 8h1h 35m$1.08B$1.32B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$0.25
Price spread: −0.099% → −0.046%
−$5.35
Slippage, 4 orders
−$1.15
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$18.75
Costs to cover
0.132%
Break-even
never at this rate
Slippage from Lighter: live order book, 8 min ago; HTX: 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, 8 min ago0.13 bp0.5 bp −$10.6 bp −$61.2 bp −$1173.9 bp −$1,927
Sell HTX live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.2 bp −$72210.9 bp −$5,432

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%43m2,774−0.058%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,774.2−0.054%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1+0.016%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,777.1+0.052%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,774.7−0.034%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0023%1h2,777.7+0.075%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,775.1−0.019%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.150%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.8−0.031%$22.4M—200xas long as short
BingX ETH-USDC+0.0015%8h2,774.3−0.049%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,773.8−0.068%$269.8M$68.5M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,775.7+0.002%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.5−0.041%$13.2M—200xas long as short
Aster ETHUSDT+0.0035%8h2,774.6−0.040%$256.4M$989.6M200xas long as short
Bullet ETH-USD+0.0040%1h2,773.6−0.074%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,774.8−0.030%$14.2M$117.8M50xas long as short
MEXC ETH_USDT+0.0061%8h2,775.70.000%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0061%8h2,775.70.000%$6.44B$17.11B150xas long as short
Aevo ETH-PERP+0.0064%1h2,773.3−0.085%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0072%8h2,774.7−0.033%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774.6−0.036%$3.29B$9.58B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,775.2−0.015%$258.3M$221.9M50xas long as short
SoDEX ETH-USD+0.0091%1h2,773.4−0.081%$55.2M$228.8M40xas long as short
HTX ETH-USDTshort+0.0095%8h2,772.9−0.099%$1.08B$1.32B200x
Bybit ETHUSDT+0.0095%8h2,775.5−0.005%$2.52B$4.59B150xas long as short
Lighter ETHlong+0.0096%1h2,775.7long leg$114.9M$498.5M50x
Lighter RH ETH+0.0096%1h2,776.8+0.040%$25.4M$121.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776+0.013%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,774.1−0.055%$426.1M$737.9M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.4−0.047%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.8−0.031%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777+0.049%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.8+0.005%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.8−0.067%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.3+0.024%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.204%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.8−0.066%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.218%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,778.3+0.096%$180.1M$779.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777.7+0.074%$161.5M$90.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,777.9+0.080%$8.7M$32.5M100xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.045%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2−0.016%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1−0.020%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.5+0.029%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.7−0.035%$974K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,775.1−0.021%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,773.5−0.076%$31.5M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.1−0.057%$60.2M$4.59B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,776.1+0.016%$8.7M$673.6M4.9xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,777.9+0.081%$279K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,776.8+0.042%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.2−0.051%$86.1M$330.4M100xas long as short
BloFin ETH-USDT+0.0182%8h2,775.5−0.005%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,773.6−0.072%$7.3M$1.1M25xas long as short