ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Bulk against Lighter RH−0.021%7-day average −0.017% · 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−$10as in the Price arb table

costs, in and out, $10k−$100.101% of the position

Long on Lighter RH Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.021%, 7d avg −0.017%

Together, before fees+0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,771.4	0.0096	pay 0.0012% / 1h	49m 40s	$25.3M	$121.8M	50x
Short	Bulk ETH-USD	2,770.8	0.0100	get 0.0013% / 1h	49m 40s	$164.5M	$255.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0.84
Price spread: −0.021% → −0.017%: −$0.38
Slippage, 4 orders: −$3.08
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$9.63
Costs to cover: 0.101%
Break-even: 87.2 days

Slippage from Lighter RH: live order book, 4 min ago; Bulk: live order book, 5 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	1.23 bp	1.8 bp −$2	3.4 bp −$34	11.2 bp −$1,119	73.4 bp −$36.7K
Sell Bulk live order book, 5 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	4.8 bp −$481	6.5 bp −$3,250

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	2,771.1	−0.010%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0176%	1h	2,772.5	+0.039%	$10.5M	$31.0M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,774.7	+0.119%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,770.4	−0.036%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0072%	1h	2,771.1	−0.011%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,776.7	+0.191%	$797K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,769.8	−0.058%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.4	−0.071%	$12.9M	$45.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.6	−0.027%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,769.1	−0.083%	$266.4M	$65.9M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,768.5	−0.104%	$1.70B	$11.88B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770.5	−0.034%	$13.0M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0039%	1h	2,774.9	+0.127%	$29K	$22K	20x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,768.4	−0.108%	$5.0M	$636K	20x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,769.1	−0.082%	$255.7M	$998.6M	200x	as long as short
MEXC ETH_USDT	+0.0043%	8h	2,769.3	−0.076%	$1.59B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0044%	8h	2,768.3	−0.111%	$6.44B	$17.26B	150x	as long as short
Gate ETH_USDT	+0.0056%	8h	2,769.3	−0.075%	$3.28B	$9.55B	200x	as long as short
SoDEX ETH-USD	+0.0071%	1h	2,769.2	−0.079%	$55.1M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,769.2	−0.080%	$2.09B	$3.14B	150x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,769.5	−0.069%	$187K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,769.8	−0.057%	$141.1M	$319.9M	—	as long as short
Lighter ETH	+0.0096%	1h	2,769	−0.086%	$115.1M	$508.5M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,771.4	long leg	$25.3M	$121.8M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771.9	+0.017%	—	$42.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,769.1	−0.084%	$15.9M	$11.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.1	−0.047%	$480K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.9	−0.019%	$16.1M	$115.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.4	+0.036%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.2	−0.079%	$31.3M	$283.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.5	−0.105%	$2.51B	$4.65B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,768.1	−0.119%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.6	+0.005%	$2.8M	$17.7M	25x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	2,770.8	−0.021%	$164.5M	$255.4M	25x
KuCoin ETHUSDTM	+0.0100%	8h	2,769.1	−0.084%	$426.0M	$745.1M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,768.9	−0.089%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.8	−0.058%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.9	+0.056%	$178.4M	$789.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	+0.203%	$161.5M	$98.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,771.2	−0.007%	$21.4M	$57.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.3	−0.004%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.5	+0.040%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.8	−0.022%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.1	+0.026%	$42.8M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.1	−0.047%	$971K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,769.1	−0.083%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.9	−0.091%	$31.5M	$76.3M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771	−0.015%	$60.1M	$4.65B	50x	as long as short
Kalshi KXETHPERP	+0.0113%	8h	2,771.4	0.000%	$8.6M	$671.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0128%	8h	2,772.6	+0.043%	$32.5M	$11.8M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0147%	1h	2,771.4	0.000%	$259.0M	$223.4M	50x	as long as short
BloFin ETH-USDT	+0.0163%	8h	2,769	−0.087%	$286.4M	$197.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,769.4	−0.073%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.8	−0.022%	$88.5M	$331.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0376%	1h	2,771.8	+0.013%	$273K	$1.5M	20x	as long as short