Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%
Price spread now: Derive against Lighter RH+0.036%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.036%, 7d avg +0.003%
=Together, before fees−0.224%+ Points / potential airdropLighter RH: Points live · farm board−$22 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: Derive is 0.034% dearer against Lighter RH than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,747.7 | 0.0096 | pay 0.0012% / 1h | 15m 36s | $24.6M | $104.1M | 50x |
| Short | Derive ETH-PERP | 2,748.7 | 0.0100 | get 0.0013% / 1h | 15m 36s | $41.6M | $29.6M | 15x |
Lighter RH ETH
Derive ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: +0.036% → +0.003%
- $3.35
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$1.81
- Costs to cover
- 0.060%
- Break-even
- 22.1 days
Slippage unknown: Lighter RH: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.
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 | 0.82 bp | 1.4 bp −$1 | 3.2 bp −$32 | 11.4 bp −$1,142 | 68.6 bp −$34.3K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,747.4 | −0.011% | $5K | $1K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0044% | 1h | 2,746.8 | −0.033% | $118K | $22.5M | 52x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,747.3 | −0.013% | $12.1M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,747.4 | −0.012% | $10.8M | $41.7M | 50x | as long as short |
| Perpl ETH | 0.0000% | 43m | 2,746.6 | −0.040% | $305K | $5.6M | 8.3x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,747.4 | −0.012% | $25.1M | — | 200x | as long as short |
| Phoenix ETH | +0.0017% | 1h | 2,747 | −0.025% | $848K | $2.9M | 25x | as long as short |
| 01 Exchange ETHUSD | +0.0024% | 1h | 2,746.4 | −0.047% | $182K | $849K | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0042% | 1h | 2,745.9 | −0.064% | $8.8M | $30.7M | 100x | as long as short |
| BingX ETH-USDC | +0.0053% | 8h | 2,745.7 | −0.073% | — | $18.4M | — | as long as short |
Hotstuff ETH-PERP
Injective ETH/USDC PERP
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
Perpl ETH
gTrade (Gains Network) ETH/USD
Phoenix ETH
01 Exchange ETHUSD
ApeX Omni ETHUSDT
BingX ETH-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETH-USDT-SWAP | +0.0067% | 8h | 2,745.9 | −0.064% | $1.70B | $10.56B | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0070% | 8h | 2,746.1 | −0.058% | $382.1M | $575.4M | 100x | as long as short |
| Bullet ETH-USD | +0.0073% | 1h | 2,746.9 | −0.029% | $184K | $1.7M | 20x | as long as short |
| RISEx ETH/USDC | +0.0077% | 1h | 2,746.6 | −0.039% | $5.6M | $11.4M | 25x | as long as short |
| Aster ETHUSDT | +0.0089% | 8h | 2,746 | −0.061% | $254.1M | $841.0M | 200x | as long as short |
| SoDEX ETH-USD | +0.0095% | 1h | 2,746.9 | −0.029% | $54.7M | $187.6M | 40x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,746.1 | −0.057% | $113.0M | $435.4M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,747.7 | long leg | $24.6M | $104.1M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0056% | 1h | 2,746.1 | −0.058% | — | $30.5M | 500x | as long as short |
| MEXC ETH_USDT | +0.0096% | 8h | 2,745.7 | −0.073% | $1.56B | $2.55B | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,744.4 | −0.121% | $4.9M | $154K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0096% | 1h | 2,749.5 | +0.066% | $58.0M | $4.26B | 50x | as long as short |
| Binance ETHUSDT | +0.0096% | 8h | 2,746 | −0.062% | $6.38B | $15.67B | 150x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,751.1 | +0.124% | $16.1M | $7.9M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,746.1 | −0.058% | $469K | $3.1M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,745.9 | −0.065% | $13.9M | $104.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,748.4 | +0.025% | $3.12B | $2.06B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,746.7 | −0.036% | $31.7M | $334.5M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,746.2 | −0.054% | $2.46B | $4.17B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,746 | −0.062% | $2.7M | $16.9M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,746.5 | −0.045% | $2.7M | $16.1M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,742.3 | −0.196% | $165.2M | $299.1M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,746.1 | −0.058% | $3.39B | $8.76B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,746.2 | −0.055% | $2.09B | $2.72B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,746.6 | −0.040% | $15.0M | $39.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,746.6 | −0.040% | $133.5M | $325.8M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,745.6 | −0.077% | $182.5M | $673.8M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,746.7 | −0.038% | $159.7M | $83.5M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,746.9 | −0.029% | $21.2M | $67.8M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,747 | −0.026% | — | $815K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,747.2 | −0.018% | $11.0M | $8.8M | 50x | as long as short |
| Derive ETH-PERPshort | +0.0100% | 1h | 2,748.7 | +0.036% | $41.6M | $29.6M | 15x | |
| SunX ETH-USDT | +0.0100% | 8h | 2,746.6 | −0.041% | $963K | $11.5M | 100x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,746.7 | −0.037% | $1.06B | $1.17B | 200x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,747 | −0.025% | $267.0M | $64.8M | 150x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,745.3 | −0.089% | $30.7M | $72.0M | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0129% | 1h | 2,745.9 | −0.064% | $30K | $20K | 20x | as long as short |
| Kalshi KXETHPERP | +0.0160% | 8h | 2,747.1 | −0.022% | $7.8M | $669.8M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | +0.0183% | 1h | 2,748.6 | +0.032% | $259.8M | $196.0M | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.0194% | 8h | 2,749.3 | +0.057% | $32.4M | $11.4M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0221% | 1h | 2,747.9 | +0.009% | $86.7M | $310.3M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0228% | 1h | 2,745.5 | −0.082% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0256% | 1h | 2,747.8 | +0.005% | $253K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0290% | 8h | 2,746.1 | −0.059% | $286.1M | $181.2M | 150x | as long as short |
| Bluefin ETH-PERP | +0.0505% | 1h | 2,747 | −0.027% | $21K | $20K | 25x | as long as short |
OKX ETH-USDT-SWAP
KuCoin ETHUSDTM
Bullet ETH-USD
RISEx ETH/USDC
Aster ETHUSDT
SoDEX ETH-USD
Lighter ETH
Jupiter Perps ETH-PERP
MEXC ETH_USDT
Aevo ETH-PERP
Coinbase International ETH-PERP-INTX
Binance ETHUSDT
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
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
SunX ETH-USDT
HTX ETH-USDT
Phemex ETHUSDT
Extended ETH-USD
Aftermath Perps ETHUSD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT
Bluefin ETH-PERP