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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 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter−0.030%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$90.088% of the position
Long on LighterShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days+0.038%+$4 · spread now −0.030%, 7d avg −0.002%
Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$7 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: Pacifica is 0.028% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,744.10.0096pay 0.0012% / 1h22m 08s$114.0M$389.2M50x
ShortPacifica ETH2,743.30.0100get 0.0013% / 1h22m 08s$32.2M$326.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0.84
Price spread: −0.030% → −0.002%
−$2.81
Slippage, 4 orders
−$0.77
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.75
Costs to cover
0.088%
Break-even
96.6 days
Slippage from Lighter: live order book, 5 min ago; Pacifica: 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 ago0.16 bp0.2 bp $01.0 bp −$101.6 bp −$1574.9 bp −$2,451
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0088%1h2,740.5−0.132%$234K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740−0.151%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0069%1h2,740.4−0.138%$8.3M$29.8M100xas long as short
Bybit ETHUSDT−0.0035%8h2,743.1−0.039%$2.36B$3.96B150xas long as short
Phoenix ETH−0.0023%1h2,739.6−0.165%$805K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4+0.011%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,742.4−0.063%$7.0M$663.8M4.9xas long as short
Perpl ETH0.0000%43m2,743.8−0.011%$271K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,744.4+0.011%$33.1M—200xas long as short
Gate ETH_USDT+0.0044%8h2,743.8−0.014%$3.26B$7.86B200xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,745+0.031%$195K$948K50xas long as short
dYdX ETH-USD+0.0056%1h2,743−0.040%$14.8M$43.1M50xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,742.7−0.054%$1.67B$9.63B100xas long as short
Aster ETHUSDT+0.0072%8h2,743.5−0.024%$256.3M$746.1M200xas long as short
MEXC ETH_USDT+0.0078%8h2,743.7−0.015%$1.58B$2.51B500xas long as short
Binance ETHUSDT+0.0079%8h2,743.7−0.015%$6.39B$14.68B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,744.4+0.008%$82.2M$283.1M100xas long as short
Aevo ETH-PERP+0.0080%1h2,741.8−0.086%$4.9M$208K20xas long as short
KuCoin ETHUSDTM+0.0082%8h2,744.2+0.001%$365.8M$461.1M100xas long as short
Aftermath Perps ETHUSD+0.0088%1h2,740.3−0.141%$30K$8K20xas long as short
SoDEX ETH-USD+0.0094%1h2,743.7−0.016%$61.8M$121.8M40xas long as short
Lighter ETHlong+0.0096%1h2,744.1long leg$114.0M$389.2M50x
Lighter RH ETH+0.0096%1h2,745.3+0.043%$23.7M$98.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.4−0.099%—$23.9M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.7−0.016%$507K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1−0.074%$14.5M$97.8M50xas long as short
Pacifica ETHshort+0.0100%1h2,743.3−0.030%$32.2M$326.0M50x
Ondo Perps ETH-USD.P+0.0100%1h2,742.3−0.067%$2.8M$14.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,744−0.006%$1.5M$14.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.129%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,743.5−0.023%$2.11B$2.41B150xas long as short
BingX ETH-USDT+0.0100%8h2,743.3−0.029%—$960.0M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.1−0.036%$14.9M$37.3M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.207%$132.1M$303.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.204%$185.9M$632.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,741.5−0.097%$159.4M$75.0M50xas long as short
StandX ETH-USD+0.0100%1h2,739.9−0.155%$21.0M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,745+0.030%—$365K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.2+0.075%$11.3M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,744.4+0.011%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,744.6+0.016%$947K$9.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,744−0.005%$1.05B$1.10B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.9−0.007%$264.0M$57.9M150xas long as short
Extended ETH-USD+0.0104%1h2,743−0.041%$30.4M$67.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,744.9+0.029%$45.6M$3.95B50xas long as short
BloFin ETH-USDT+0.0108%8h2,740.2−0.142%$282.7M$158.1M150xas long as short
Hyperliquid ETH+0.0114%1h2,746.9+0.101%$3.15B$1.77B25xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,745+0.032%$267.3M$195.2M50xas long as short
Reya ETHRUSDPERP+0.0161%1h2,743.7−0.014%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,745.3+0.041%$5.6M$10.8M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,746.4+0.081%$32.4M$10.1M100xas long as short
Paradex ETH-USD-PERP+0.0267%8h2,747.5+0.122%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,743.6−0.020%$118K$23.4M52xas long as short
Bluefin ETH-PERP+0.1169%1h2,744.6+0.017%$20K$15K25xas long as short