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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.006%
Price spread now: RISEx against Lighter−0.002%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$80.076% of the position
Long on LighterShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.011%+$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now −0.002%, 7d avg −0.004%
Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,728.70.0096pay 0.0012% / 1h56m 32s$112.0M$428.3M50x
ShortRISEx ETH/USDC2,728.60.0108get 0.0013% / 1h56m 32s$5.6M$11.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$2.47
Price spread: −0.002% → −0.004%
$0.2
Slippage, 4 orders
−$1.55
Fee Lighter: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$4.88
Costs to cover
0.076%
Break-even
20.9 days
Slippage from Lighter: live order book, 8 min ago; RISEx: live order book, 3 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 ago0.02 bp0.0 bp $00.4 bp −$41.3 bp −$1344.6 bp −$2,319
Sell RISEx live order book, 3 min ago0.02 bp3.0 bp −$33.6 bp −$36doesn't fitdoesn't fit

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−0.0335%43m2,728.1−0.021%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3−0.088%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,730.4+0.060%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.2+0.092%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6−0.040%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6−0.002%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.3+0.096%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,726.5−0.081%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0030%8h2,728−0.025%—$1.14B—as long as short
Bybit ETHUSDT+0.0039%8h2,728.2−0.020%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,729.2+0.018%$186K$785K50xas long as short
SunX ETH-USDT+0.0057%8h2,730.1+0.050%$958K$11.1M100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,728.2−0.018%$377.1M$576.0M100xas long as short
Deribit ETH-PERPETUAL+0.0069%1h2,731.9+0.116%$258.5M$203.1M50xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,728−0.026%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0078%8h2,728.5−0.009%$252.5M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,728.4−0.012%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0081%8h2,730.7+0.071%$264.4M$64.1M150xas long as short
MEXC ETH_USDT+0.0083%8h2,728.4−0.010%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,728.2−0.020%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0084%8h2,728.4−0.010%$6.32B$15.97B150xas long as short
Aftermath Perps ETHUSD+0.0088%1h2,728.5−0.008%$30K$20K20xas long as short
Bullet ETH-USD+0.0088%1h2,730.9+0.081%$177K$1.7M20xas long as short
Lighter ETHlong+0.0096%1h2,728.7long leg$112.0M$428.3M50x
Lighter RH ETH+0.0096%1h2,729.7+0.035%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729.5+0.028%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.3−0.015%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.1+0.051%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.029%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.6+0.068%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.6+0.033%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.6+0.033%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.70.000%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.2−0.018%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.2−0.020%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.5+0.064%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.091%$134.1M$323.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.1−0.094%$183.4M$673.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.4−0.047%$158.7M$87.2M50xas long as short
StandX ETH-USD+0.0100%1h2,730.2+0.055%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.7+0.037%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.7+0.037%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.8+0.078%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.1+0.125%$41.0M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,730.6+0.070%$54.4M$187.9M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.064%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,727.3−0.052%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,731.9+0.117%$50.1M$4.28B50xas long as short
RISEx ETH/USDCshort+0.0108%1h2,728.6−0.002%$5.6M$11.7M25x
Kalshi KXETHPERP+0.0120%8h2,729.8+0.040%$6.4M$688.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,731.4+0.100%$83.1M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,732.9+0.152%$32.1M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0205%1h2,727.5−0.045%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,732.3+0.133%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0332%8h2,730.6+0.070%$283.8M$174.7M150xas long as short