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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 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: StandX against Lighter+0.079%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Long on LighterShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 7 days−0.085%−$8 · spread now +0.079%, 7d avg +0.006%
Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board$0 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: StandX is 0.072% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,773.30.0096pay 0.0012% / 1h53m 27s$115.0M$495.5M50x
ShortStandX ETH-USD2,775.50.0100get 0.0013% / 1h53m 27s$21.4M$57.9M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: +0.079% → +0.006%
$7.22
Slippage, 4 orders
−$3.98
Fee Lighter: 0 bp × 2 orders
$0
Fee StandX: 4 bp × 2 orders
−$8
Net
−$3.92
Costs to cover
0.120%
Break-even
39.7 days
Slippage from Lighter: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago0.22 bp0.5 bp $01.1 bp −$111.4 bp −$1424.2 bp −$2,097
Sell StandX live order book, 1 min ago1.44 bp5.9 bp −$67.1 bp −$7111.1 bp −$1,112doesn'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−0.0447%43m2,772.5−0.029%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2−0.040%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.050%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.8+0.017%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6−0.026%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.035%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.082%$886K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,772.8−0.017%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.3+0.034%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,772.2−0.040%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,772−0.047%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0023%8h2,773.2−0.006%$267.2M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.4+0.037%$13.2M—200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.101%$276K$1.5M20xas long as short
Aster ETHUSDT+0.0033%8h2,773.6+0.009%$256.5M$993.6M200xas long as short
Nado ETH-PERP+0.0038%1h2,772.5−0.029%$14.3M$118.9M50xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,774.9+0.057%$258.4M$225.0M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4−0.069%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0054%8h2,772.7−0.024%$6.43B$17.19B150xas long as short
MEXC ETH_USDT+0.0054%8h2,772.8−0.018%$1.61B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2−0.040%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,771.5−0.065%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,773−0.013%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0092%1h2,773.2−0.004%$55.2M$228.6M40xas long as short
Lighter ETHlong+0.0096%1h2,773.3long leg$115.0M$495.5M50x
Lighter RH ETH+0.0096%1h2,774.8+0.052%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.126%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.042%$135.2M$326.5M—as long as short
HTX ETH-USDT+0.0098%8h2,773.5+0.005%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.8−0.017%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9−0.015%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.7+0.050%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3−0.001%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.6−0.025%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5−0.030%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.032%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.085%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.1−0.007%$424.1M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2−0.005%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.031%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.101%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.107%$8.7M$32.7M100xas long as short
StandX ETH-USDshort+0.0100%1h2,775.5+0.079%$21.4M$57.9M40x
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.006%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.050%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.8+0.090%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9+0.058%$972K$14.1M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.3−0.001%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.057%$31.4M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.043%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.125%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.103%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.027%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.085%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.065%$7.3M$1.1M25xas long as short