Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against Lighter RH−0.023%7-day average −0.001% · 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−$11as in the Price arb table
costs, in and out, $10k−$90.088% of the position
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.023%, 7d avg −0.001%
=Together, before fees+0.027%+ 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: Arcus is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,729.4 | 0.0096 | pay 0.0012% / 1h | 11m 55s | $23.4M | $104.7M | 50x |
| Short | Arcus ETH-USD | 2,728.8 | 0.0100 | get 0.0013% / 1h | 11m 55s | $1.5M | $16.0M | 25x |
Lighter RH ETH
Arcus ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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 itlatest
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: −0.023% → −0.001%
- −$2.24
- Slippage, 4 orders
- −$4.27
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$10.17
- Costs to cover
- 0.088%
- Break-even
- 91.7 days
Slippage from Lighter RH: live order book, 2 min ago; Arcus: 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 | 0.79 bp | 1.0 bp −$1 | 1.6 bp −$16 | 8.6 bp −$860 | 65.8 bp −$32.9K |
| Sell Arcus live order book, 2 min ago | 0.17 bp | 2.7 bp −$3 | 3.5 bp −$35 | 5.2 bp −$521 | doesn't fit |
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 | −0.0335% | 43m | 2,728.4 | −0.039% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,728.6 | −0.031% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0017% | 8h | 2,727.1 | −0.084% | $1.05B | $1.20B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,727.8 | −0.061% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,729 | −0.016% | $816K | $2.9M | 25x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,728.6 | −0.031% | $6.2M | $686.2M | 4.9x | as long as short |
| dYdX ETH-USD | +0.0006% | 1h | 2,729.5 | +0.003% | $10.7M | $42.1M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,728 | −0.054% | $28.0M | — | 200x | as long as short |
| BingX ETH-USDC | +0.0027% | 8h | 2,727.6 | −0.067% | — | $18.4M | — | as long as short |
| Bullet ETH-USD | +0.0032% | 1h | 2,727.1 | −0.086% | $177K | $1.7M | 20x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
Kalshi KXETHPERP
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
BingX ETH-USDC
Bullet ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0036% | 8h | 2,728.6 | −0.030% | $2.36B | $4.38B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,728.3 | −0.042% | $187K | $814K | 50x | as long as short |
| SunX ETH-USDT | +0.0061% | 8h | 2,727.6 | −0.067% | $957K | $11.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0066% | 8h | 2,728.2 | −0.044% | $377.8M | $575.1M | 100x | as long as short |
| Deribit ETH-PERPETUAL | +0.0073% | 1h | 2,728.9 | −0.021% | $258.6M | $202.5M | 50x | as long as short |
| OKX ETH-USDT-SWAP | +0.0078% | 8h | 2,728.8 | −0.024% | $1.67B | $10.74B | 100x | as long as short |
| Aster ETHUSDT | +0.0080% | 8h | 2,728.5 | −0.033% | $250.8M | $840.3M | 200x | as long as short |
| Aevo ETH-PERP | +0.0080% | 1h | 2,725.3 | −0.152% | $4.9M | $155K | 20x | as long as short |
| MEXC ETH_USDT | +0.0086% | 8h | 2,728 | −0.053% | $1.56B | $2.58B | 500x | as long as short |
| Binance ETHUSDT | +0.0087% | 8h | 2,728.8 | −0.022% | $6.32B | $15.95B | 150x | as long as short |
| Phemex ETHUSDT | +0.0087% | 8h | 2,727.7 | −0.066% | $264.3M | $64.8M | 150x | as long as short |
| SoDEX ETH-USD | +0.0088% | 1h | 2,727.7 | −0.064% | $54.3M | $187.8M | 40x | as long as short |
| ApeX Omni ETHUSDT | +0.0089% | 1h | 2,731 | +0.057% | $8.6M | $31.2M | 100x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,728.1 | −0.050% | $112.3M | $435.3M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,729.4 | long leg | $23.4M | $104.7M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,728.4 | −0.037% | — | $31.0M | 500x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,730.8 | +0.050% | $117K | $22.5M | 52x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,727.9 | −0.056% | $498K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,729.6 | +0.006% | $15.5M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,727.9 | −0.057% | $13.9M | $104.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,730.4 | +0.035% | $3.09B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,729.3 | −0.005% | $31.9M | $334.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,729 | −0.016% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USDshort | +0.0100% | 1h | 2,728.8 | −0.023% | $1.5M | $16.0M | 25x | |
| Bulk ETH-USD | +0.0100% | 1h | 2,728.2 | −0.045% | $167.8M | $301.9M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.5 | −0.035% | $3.34B | $8.95B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,727.8 | −0.060% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.6 | −0.066% | $14.9M | $41.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,728.8 | −0.023% | $134.7M | $323.0M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,729.5 | +0.002% | $183.6M | $673.1M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,730 | +0.022% | $158.8M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,730 | +0.021% | $21.0M | $70.5M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,728.8 | −0.023% | — | $845K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,729 | −0.016% | $11.2M | $9.4M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,728.2 | −0.046% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,729.5 | +0.004% | $40.9M | $29.9M | 15x | as long as short |
| Aftermath Perps ETHUSD | +0.0100% | 1h | 2,730 | +0.021% | $30K | $20K | 20x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,727.1 | −0.087% | $30.5M | $73.5M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,728.5 | −0.035% | $5.6M | $11.7M | 25x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,728.9 | −0.022% | $50.5M | $4.28B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,728.5 | −0.036% | $83.5M | $315.9M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0191% | 8h | 2,730 | +0.021% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0208% | 1h | 2,726.9 | −0.093% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,729.8 | +0.015% | $247K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0347% | 8h | 2,728.2 | −0.045% | $282.3M | $174.6M | 150x | as long as short |
Bybit ETHUSDT
01 Exchange ETHUSD
SunX ETH-USDT
KuCoin ETHUSDTM
Deribit ETH-PERPETUAL
OKX ETH-USDT-SWAP
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Phemex ETHUSDT
SoDEX ETH-USD
ApeX Omni ETHUSDT
Lighter ETH
Jupiter Perps ETH-PERP
Injective ETH/USDC PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Aftermath Perps ETHUSD
Extended ETH-USD
RISEx ETH/USDC
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT