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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 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against Lighter+0.008%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$40.036% of the position
Long on LighterShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.008%, 7d avg +0.015%
Together, before fees+0.062%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,729.70.0096pay 0.0012% / 1h48m 57s$112.1M$433.5M50x
ShortLighter RH ETH2,729.90.0096get 0.0012% / 1h48m 57s$23.9M$104.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
Price spread: +0.008% → +0.015%
−$0.69
Slippage, 4 orders
−$3.61
Fee Lighter: 0 bp × 2 orders
$0
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$4.3
Costs to cover
0.036%
Break-even
never at this rate
Slippage from Lighter: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago0.42 bp0.6 bp −$11.1 bp −$111.6 bp −$1614.6 bp −$2,300
Sell Lighter RH live order book, 5 min ago1.26 bp1.3 bp −$12.5 bp −$258.7 bp −$87263.6 bp −$31.8K

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%43m2,731.5+0.069%$299K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.5+0.214%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.310%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.3−0.012%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.6+0.181%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.6+0.108%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.423%$834K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.2−0.017%$25.7M—200xas long as short
SoDEX ETH-USD+0.0031%1h2,729−0.024%$54.4M$187.6M40xas long as short
Bullet ETH-USD+0.0038%1h2,729.2−0.015%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0056%8h2,728.5−0.042%—$1.14B—as long as short
OKX ETH-USDT-SWAP+0.0072%8h2,729.6−0.001%$1.67B$10.64B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,729.4−0.010%$379.8M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,730.5+0.032%$260.0M$196.2M50xas long as short
Aster ETHUSDT+0.0084%8h2,729.1−0.020%$252.3M$841.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,729.5−0.006%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,729.1−0.022%$6.34B$15.77B150xas long as short
MEXC ETH_USDT+0.0091%8h2,728.4−0.045%$1.55B$2.53B500xas long as short
Lighter ETHlong+0.0096%1h2,729.7long leg$112.1M$433.5M50x
Lighter RH ETHshort+0.0096%1h2,729.9+0.008%$23.9M$104.1M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.5+0.179%—$30.4M500xas long as short
RISEx ETH/USDC+0.0099%1h2,732.4+0.101%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.8+0.299%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.7+0.075%$498K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.040%$13.8M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.6+0.035%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.174%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,729.1−0.021%$2.40B$4.26B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7+0.075%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.106%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.407%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.5−0.041%$3.35B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.8+0.005%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.7−0.073%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9+0.192%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.305%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.342%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,735.3+0.207%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.233%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.9+0.119%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.8+0.115%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,730.4+0.026%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.7−0.034%$957K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,728.9−0.029%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,729.4−0.010%$265.2M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,728.9−0.028%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.7+0.037%$51.6M$4.25B50xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,737.7+0.294%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,732+0.086%$7.3M$674.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,731+0.049%$32.1M$11.5M100xas long as short
BloFin ETH-USDT+0.0211%8h2,728−0.060%$284.8M$173.9M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,730+0.012%$85.1M$311.9M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,729.7+0.001%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736+0.233%$254K$1.4M20xas long as short
Bluefin ETH-PERP+0.1037%1h2,729.3−0.012%$21K$20K25xas long as short