ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.012%

Price spread now: ApeX Omni against Lighter RH−0.133%48s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.167% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.133%, 7d avg −0.022%

Together, before fees−0.031%+ Points / potential airdropLighter RH: Points live · farm board−$3 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: ApeX Omni is 0.111% cheaper against Lighter RH than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,733.6	0.0096	pay 0.0012% / 1h	16m 44s	$23.5M	$104.0M	50x
Short	ApeX Omni ETHUSDT	2,729.9	0.0100	get 0.0013% / 1h	16m 44s	$8.7M	$31.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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

Position, each leg$Hold fordaysFee Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.133%Rate

Funding earned: $0.84
Price spread: −0.133% → −0.022%: −$11.08
Slippage, 4 orders: −$6.65
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.89
Costs to cover: 0.167%
Break-even: 231.1 days

Slippage from Lighter RH: live order book, 2 min ago; ApeX Omni: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter RH live order book, 2 min ago	1.24 bp	1.2 bp −$1	2.6 bp −$26	10.3 bp −$1,032	68.7 bp −$34.3K
Sell ApeX Omni live order book, 2 min ago	1.85 bp	6.9 bp −$7	6.9 bp −$69	23.0 bp −$2,305	80.9 bp −$40.5K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,731.7	−0.068%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	−0.082%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.7	−0.066%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,725.4	−0.298%	$815K	$3.0M	25x	as long as short
HTX ETH-USDT	−0.0002%	8h	2,731.8	−0.065%	$1.05B	$1.22B	200x	as long as short
dYdX ETH-USD	+0.0007%	1h	2,732.3	−0.046%	$10.4M	$42.6M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,732	−0.058%	$32.9M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.8	−0.101%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0034%	8h	2,732	−0.057%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,732.6	−0.035%	$191K	$847K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,731.7	−0.069%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0079%	8h	2,731.2	−0.085%	$958K	$11.1M	100x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,732.1	−0.055%	$375.2M	$578.0M	100x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,731.6	−0.071%	$181K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0084%	1h	2,726.9	−0.245%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0091%	8h	2,732.1	−0.052%	$252.4M	$846.1M	200x	as long as short
Phemex ETHUSDT	+0.0092%	8h	2,731.9	−0.060%	$263.3M	$65.0M	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,731.9	−0.059%	$1.54B	$2.60B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,732.5	−0.040%	$112.5M	$435.6M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,733.6	long leg	$23.5M	$104.0M	50x
Aevo ETH-PERP	+0.0096%	1h	2,729.6	−0.144%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0097%	8h	2,731.9	−0.061%	$6.34B	$16.11B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0097%	8h	2,731.8	−0.064%	$1.66B	$10.88B	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.7	−0.068%	$505K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736	+0.089%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.7	−0.068%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734	+0.016%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.9	−0.025%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.5	−0.112%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.6	−0.034%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.404%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.9	−0.062%	$3.29B	$9.04B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732	−0.057%	$2.09B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.3	−0.082%	$14.9M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.5	−0.332%	$133.3M	$327.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.3	−0.300%	$184.6M	$678.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−0.072%	$158.9M	$87.4M	50x	as long as short
ApeX Omni ETHUSDTshort	+0.0100%	1h	2,729.9	−0.133%	$8.7M	$31.4M	100x
StandX ETH-USD	+0.0100%	1h	2,731.7	−0.068%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	−0.012%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.6	+0.002%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.1	−0.053%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,733.6	+0.001%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,731.8	−0.064%	$54.4M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.3	−0.084%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.1	−0.055%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,733	−0.022%	$49.7M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,732.8	−0.027%	$5.6M	$11.8M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0131%	1h	2,733.1	−0.015%	$259.3M	$207.7M	50x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,731.9	−0.060%	$6.9M	$692.3M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,732.4	−0.041%	$83.3M	$311.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,734.2	+0.025%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,730.9	−0.098%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,733.1	−0.018%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0382%	8h	2,731.9	−0.062%	$281.6M	$174.8M	150x	as long as short