ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.005%

Price spread now: dYdX against Lighter RH−0.054%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Lighter RH Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.054%, 7d avg −0.033%

Together, before fees+0.175%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,732.7	0.0096	pay 0.0012% / 1h	42m 24s	$23.5M	$102.0M	50x
Short	dYdX ETH-USD	2,731.3	0	get 0.0000% / 1h	42m 24s	$10.5M	$42.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$20.16
Price spread: −0.054% → −0.033%: −$2.04
Slippage, 4 orders: −$25.37
Fee Lighter RH: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$57.58
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; dYdX: 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	1.10 bp	1.6 bp −$2	3.2 bp −$32	12.3 bp −$1,234	doesn't fit
Sell dYdX live order book, 2 min ago	6.77 bp	15.4 bp −$15	18.1 bp −$181	28.0 bp −$2,800	54.1 bp −$27.1K

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
BloFin ETH-USDT	−0.0189%	8h	2,730	−0.099%	$281.1M	$177.9M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.1	−0.023%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,733.5	+0.028%	$811K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.3	−0.016%	$11.9M	—	200x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,731.3	−0.054%	$10.5M	$42.6M	50x
Kalshi KXETHPERP	0.0000%	8h	2,731.3	−0.052%	$6.3M	$680.6M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,731.4	−0.047%	$286K	$5.7M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.7	−0.001%	$262.4M	$212.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,732.5	−0.009%	$33.0M	—	200x	as long as short
BingX ETH-USDT	+0.0019%	8h	2,731.8	−0.035%	—	$1.10B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0024%	8h	2,731.7	−0.037%	$2.33B	$4.36B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,729.5	−0.119%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,731.8	−0.034%	$192K	$888K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,732.3	−0.016%	$117K	$20.2M	52x	as long as short
ApeX Omni ETHUSDT	+0.0057%	1h	2,731.2	−0.055%	$8.6M	$31.6M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,732.6	−0.007%	$82.2M	$309.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0072%	8h	2,731.1	−0.061%	$384.9M	$576.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,731.7	−0.038%	$242K	$1.4M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,731.6	−0.043%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,731.8	−0.033%	$253.0M	$849.3M	200x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,732	−0.029%	$6.32B	$16.15B	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,732	−0.028%	$1.56B	$2.56B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,731.6	−0.043%	$112.6M	$429.5M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,732.7	long leg	$23.5M	$102.0M	50x
Aevo ETH-PERP	+0.0096%	1h	2,729.1	−0.132%	$4.9M	$183K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730.7	−0.074%	$500K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,735.3	+0.095%	$15.4M	$7.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.3	−0.089%	$14.0M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.8	+0.076%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.9	−0.031%	$32.1M	$333.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.2	−0.093%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.8	−0.034%	$1.5M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.5	−0.117%	$162.7M	$356.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,732	−0.027%	$3.31B	$8.86B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732.1	−0.025%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.7	−0.109%	$15.0M	$41.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.6	−0.040%	$134.1M	$318.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.7	−0.037%	$185.7M	$684.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732	−0.026%	$158.8M	$83.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.5	−0.045%	$21.0M	$70.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	+0.017%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.3	+0.021%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,731.9	−0.031%	$184K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.5	−0.008%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.6	−0.040%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,730.2	−0.093%	$957K	$10.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,731.8	−0.034%	$54.4M	$187.2M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,730.9	−0.066%	$263.2M	$64.5M	150x	as long as short
Aftermath Perps ETHUSD	+0.0104%	1h	2,732	−0.026%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.9	−0.066%	$30.4M	$72.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,731.5	−0.045%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,733.3	+0.019%	$46.6M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,732.6	−0.004%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,731	−0.062%	$7.3M	$975K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,734.1	+0.051%	$32.2M	$11.3M	100x	as long as short