ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Bullet against Lighter RH−0.027%7-day average −0.014% · 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−$15as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Lighter RH Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.027%, 7d avg −0.014%

Together, before fees−0.013%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,739.8	0.0096	pay 0.0012% / 1h	0m 24s	$23.5M	$106.8M	50x
Short	Bullet ETH-USD	2,739.1	0.0016	get 0.0002% / 1h	0m 24s	$180K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$16.83
Price spread: −0.027% → −0.014%: −$1.3
Slippage, 4 orders: −$5.81
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$31.94
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Bullet: 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	0.71 bp	1.2 bp −$1	2.4 bp −$24	8.9 bp −$895	62.6 bp −$31.3K
Sell Bullet live order book, 4 min ago	0.18 bp	6.2 bp −$6	8.8 bp −$88	doesn't fit	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	−0.0447%	43m	2,738	−0.068%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	−0.205%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,737.2	−0.096%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,739.4	−0.014%	$11.9M	—	200x	as long as short
Phoenix ETH	0.0000%	1h	2,737.3	−0.092%	$827K	$2.9M	25x	as long as short
dYdX ETH-USD	+0.0001%	1h	2,738.2	−0.061%	$10.7M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,739.6	−0.008%	$28.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,739.4	−0.016%	$187K	$822K	50x	as long as short
Bullet ETH-USDshort	+0.0016%	1h	2,739.1	−0.027%	$180K	$1.7M	20x
HTX ETH-USDT	+0.0022%	8h	2,737.5	−0.084%	$1.06B	$1.20B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0043%	8h	2,739.2	−0.023%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0054%	8h	2,738.9	−0.033%	$2.38B	$4.35B	150x	as long as short
ApeX Omni ETHUSDT	+0.0064%	1h	2,736.1	−0.136%	$8.7M	$31.3M	100x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,738.9	−0.033%	$380.2M	$573.7M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,739.4	−0.017%	$1.67B	$10.74B	100x	as long as short
Phemex ETHUSDT	+0.0078%	8h	2,738.6	−0.044%	$266.1M	$65.0M	150x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,739	−0.032%	$251.2M	$841.9M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,739	−0.029%	$113.1M	$442.3M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,739.8	long leg	$23.5M	$106.8M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,738.1	−0.062%	—	$31.0M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,739.3	−0.020%	$1.55B	$2.57B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.8	−0.109%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0098%	8h	2,739.3	−0.020%	$6.37B	$15.88B	150x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,739.6	−0.008%	$5.7M	$11.7M	25x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,742.7	+0.106%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.4	−0.052%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.7	−0.040%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,741	+0.043%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,739.7	−0.006%	$32.0M	$335.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.8	−0.074%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.4	−0.015%	$1.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.225%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,739.3	−0.020%	$3.34B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.5	−0.013%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,737.7	−0.079%	$15.1M	$40.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.3	−0.092%	$134.0M	$324.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,735.2	−0.169%	$184.0M	$671.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,736.6	−0.118%	$159.2M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736.2	−0.132%	$21.1M	$68.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.6	+0.028%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739	−0.030%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.2	+0.049%	$41.4M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,737.1	−0.101%	$961K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,737.7	−0.078%	$54.5M	$187.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.6	−0.008%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738	−0.068%	$30.4M	$72.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,739.2	−0.023%	$51.4M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0115%	1h	2,736.1	−0.137%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0129%	8h	2,738	−0.067%	$6.7M	$679.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	2,741.7	+0.067%	$32.3M	$11.7M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0207%	1h	2,739.4	−0.015%	$260.1M	$197.0M	50x	as long as short
Reya ETHRUSDPERP	+0.0216%	1h	2,738.5	−0.047%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,738.6	−0.046%	$83.3M	$314.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,739.2	−0.023%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0387%	8h	2,737.2	−0.095%	$283.5M	$175.9M	150x	as long as short