Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.033%
Price spread now: BloFin against Lighter RH−0.045%91s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as 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−$150.155% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 3 days (all we have)−0.085%−$9 · spread now −0.045%, 7d avg −0.054%
=Together, before fees+0.059%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 91 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 | 2,776.8 | 0.0096 | pay 0.0012% / 1h | 35m 32s | $25.4M | $121.0M | 50x |
| Short | BloFin ETH-USDT | 2,775.5 | 0.0182 | get 0.0182% / 8h | 1h 35m | $284.7M | $194.4M | 150x |
Lighter RH ETH
BloFin ETH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $18.07
- Price spread: −0.045% → −0.054%
- $0.88
- Slippage, 4 orders
- −$3.46
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.49
- Costs to cover
- 0.155%
- Break-even
- 5.6 days
Slippage from Lighter RH: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago | 1.15 bp | 2.1 bp −$2 | 3.3 bp −$33 | 10.8 bp −$1,075 | 67.8 bp −$33.9K |
| Sell BloFin live order book, 4 min ago | 0.04 bp | 6.0 bp −$6 | 6.5 bp −$65 | 7.9 bp −$793 | 10.1 bp −$5,044 |
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 | 2,774 | −0.098% | $288K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,776.5 | −0.010% | $5.8M | $12.0M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,776.1 | −0.023% | $5K | $2K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,777.1 | +0.013% | $119K | $22.5M | 52x | as long as short |
| 01 Exchange ETHUSD | −0.0032% | 1h | 2,776.5 | −0.009% | $169K | $1.2M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.0023% | 1h | 2,777.7 | +0.036% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,775.1 | −0.059% | $12.7M | $45.5M | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,779.8 | +0.110% | $885K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,774.8 | −0.071% | $22.4M | — | 200x | as long as short |
| BingX ETH-USDT | +0.0015% | 8h | 2,776.4 | −0.013% | — | $1.18B | — | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
Injective ETH/USDC PERP
01 Exchange ETHUSD
Aftermath Perps ETHUSD
dYdX ETH-USD
Phoenix ETH
gTrade (Gains Network) ETH/USD
BingX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ETHUSDT | +0.0017% | 8h | 2,773.8 | −0.108% | $269.8M | $68.5M | 150x | as long as short |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,776.8 | +0.002% | $1.71B | $11.83B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,774.5 | −0.080% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0035% | 8h | 2,776.8 | +0.003% | $256.6M | $989.7M | 200x | as long as short |
| Bullet ETH-USD | +0.0040% | 1h | 2,773.6 | −0.113% | $180K | $1.7M | 20x | as long as short |
| Nado ETH-PERP | +0.0058% | 1h | 2,775.8 | −0.033% | $14.2M | $117.8M | 50x | as long as short |
| MEXC ETH_USDT | +0.0061% | 8h | 2,775.7 | −0.040% | $1.62B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0061% | 8h | 2,776.8 | +0.003% | $6.45B | $17.10B | 150x | as long as short |
| Aevo ETH-PERP | +0.0064% | 1h | 2,773.3 | −0.124% | $5.0M | $636K | 20x | as long as short |
| Bitget ETHUSDT | +0.0072% | 8h | 2,777.3 | +0.021% | $2.10B | $3.10B | 150x | as long as short |
| Gate ETH_USDT | +0.0073% | 8h | 2,776.5 | −0.008% | $3.29B | $9.58B | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0078% | 1h | 2,775.2 | −0.055% | $258.3M | $221.9M | 50x | as long as short |
| SoDEX ETH-USD | +0.0091% | 1h | 2,773.4 | −0.121% | $55.2M | $228.8M | 40x | as long as short |
| HTX ETH-USDT | +0.0095% | 8h | 2,772.9 | −0.139% | $1.08B | $1.32B | 200x | as long as short |
| Bybit ETHUSDT | +0.0095% | 8h | 2,776.9 | +0.007% | $2.52B | $4.59B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,775.7 | −0.040% | $114.9M | $498.5M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,776.8 | long leg | $25.4M | $121.0M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,776 | −0.027% | — | $41.5M | 500x | as long as short |
| KuCoin ETHUSDTM | +0.0099% | 8h | 2,774.6 | −0.076% | $426.2M | $738.0M | 100x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,774.4 | −0.086% | $15.9M | $10.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,776.8 | +0.002% | $480K | $2.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,777 | +0.009% | $3.19B | $2.36B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,775.8 | −0.034% | $31.4M | $297.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,775.9 | −0.031% | $2.8M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,778.5 | +0.063% | $2.8M | $17.3M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,781.3 | +0.165% | $166.9M | $248.1M | 25x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,773.8 | −0.105% | $15.2M | $44.5M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,781.7 | +0.178% | $135.5M | $322.3M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,776.2 | −0.019% | $179.9M | $779.7M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,776.3 | −0.018% | $161.5M | $91.0M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,777.9 | +0.040% | $8.7M | $32.5M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,775.4 | −0.049% | $21.4M | $57.9M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,776.8 | +0.001% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,778.6 | +0.067% | $10.8M | $7.6M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,775.1 | −0.060% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,776.5 | −0.010% | $42.7M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,774.7 | −0.075% | $974K | $14.0M | 100x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,776 | −0.027% | $31.5M | $74.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,774.1 | −0.096% | $60.2M | $4.59B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0117% | 8h | 2,776.1 | −0.023% | $8.7M | $673.6M | 4.9x | as long as short |
| Hibachi ETH/USDT-P | +0.0136% | 1h | 2,777.9 | +0.041% | $279K | $1.5M | 20x | as long as short |
| Orderly PERP_ETH_USDC | +0.0138% | 8h | 2,776.8 | +0.003% | $32.6M | $12.0M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0170% | 1h | 2,774.2 | −0.091% | $86.1M | $330.4M | 100x | as long as short |
| BloFin ETH-USDTshort | +0.0182% | 8h | 2,775.5 | −0.045% | $284.7M | $194.4M | 150x | |
| Reya ETHRUSDPERP | +0.0190% | 1h | 2,777.2 | +0.018% | $7.4M | $1.1M | 25x | as long as short |
Phemex ETHUSDT
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Bullet ETH-USD
Nado ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Aevo ETH-PERP
Bitget ETHUSDT
Gate ETH_USDT
Deribit ETH-PERPETUAL
SoDEX ETH-USD
HTX ETH-USDT
Bybit ETHUSDT
Lighter ETH
Jupiter Perps ETH-PERP
KuCoin ETHUSDTM
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Hibachi ETH/USDT-P
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP