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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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Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Vest against Lighter+0.049%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on LighterShort on Vest
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 4 days (all we have)+0.843%+$84 · spread now +0.049%, 7d avg +0.003%
Together, before fees+0.832%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board+$83 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: Vest is 0.047% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,732.70.0096pay 0.0012% / 1h46m 53s$112.7M$429.3M50x
ShortVest ETH-PERP2,734.10.0100get 0.0013% / 1h46m 53s—$445K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.049% → +0.003%
$4.66
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Vest: 1 bp × 2 orders
−$2
Net
$3.5
Costs to cover
0.020%
Break-even
from the start
Slippage unknown: Lighter: live order book, 7 min ago; Vest: no order-book sample. Net counts fees only.

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, 7 min ago0.24 bp0.5 bp $00.9 bp −$91.5 bp −$1464.1 bp −$2,044
Sell Vest no order-book sample—————
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin ETH-USDT−0.0132%8h2,732.1−0.025%$281.6M$178.1M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.6−0.005%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.082%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733+0.010%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.007%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.1+0.014%$6.6M$680.4M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.027%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.3+0.020%$262.4M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.1+0.013%$33.0M—200xas long as short
BingX ETH-USDC+0.0019%8h2,731.6−0.042%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,732.1−0.024%$2.33B$4.37B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.8−0.034%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.8+0.003%$192K$892K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1−0.024%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,733.8+0.039%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.8+0.002%$82.1M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,732.1−0.025%$385.1M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,732.3−0.017%$1.65B$10.86B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,733.9+0.044%$242K$1.4M20xas long as short
Aster ETHUSDT+0.0082%8h2,732.1−0.025%$253.0M$849.8M200xas long as short
MEXC ETH_USDT+0.0093%8h2,731.9−0.030%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,731.9−0.029%$6.32B$16.15B150xas long as short
Lighter ETHlong+0.0096%1h2,732.7long leg$112.7M$429.3M50x
Lighter RH ETH+0.0096%1h2,734.1+0.050%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.6−0.078%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.8+0.001%$263.4M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.1−0.023%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.5+0.138%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9−0.031%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.069%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.018%$32.2M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733+0.010%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733+0.010%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.117%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.1−0.023%$3.31B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.7−0.001%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1−0.023%$15.0M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729−0.136%$134.0M$319.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.8−0.105%$185.6M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.4−0.086%$158.7M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,733.4+0.025%$21.0M$70.5M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,734.1+0.049%—$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,734+0.046%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.7−0.002%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.016%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.2+0.055%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.3−0.051%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.2−0.019%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,731.6−0.042%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,731−0.062%$30.4M$72.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.6−0.004%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.8+0.038%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.8+0.002%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,731.9−0.031%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,735.1+0.085%$32.2M$11.3M100xas long as short