ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Lighter RH−0.054%7-day average −0.020% · 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−$14as in the Price arb table

costs, in and out, $10k−$100.105% of the position

Long on Lighter RH Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.054%, 7d avg −0.020%

Together, before fees−0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 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 gTrade (Gains Network) is 0.035% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,743.1	0.0096	pay 0.0012% / 1h	55m 06s	$23.5M	$103.6M	50x
Short	gTrade (Gains Network) ETH/USD	2,741.6	L +0.0007% / S −0.0007%	get 0.0001% / 1h	55m 06s	$28.1M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.054%Rate

Funding earned: −$18.79
Price spread: −0.054% → −0.020%: −$3.47
Slippage, 4 orders: −$3.48
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$32.74
Costs to cover: 0.105%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 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	0.53 bp	0.5 bp −$1	1.7 bp −$17	8.4 bp −$839	65.2 bp −$32.6K
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	0.51 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$500	8.9 bp −$4,448

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	2,739.4	−0.134%	$298K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,740.2	−0.105%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,741.2	−0.066%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,739.5	−0.132%	$10.7M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740.1	−0.108%	$6.7M	$680.3M	4.9x	as long as short
Phoenix ETH	0.0000%	1h	2,739.6	−0.127%	$826K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0007% / S −0.0007%	1h	2,741.6	−0.054%	$28.1M	—	200x
HTX ETH-USDT	+0.0021%	8h	2,741.5	−0.059%	$1.06B	$1.20B	200x	as long as short
Bullet ETH-USD	+0.0031%	1h	2,740.6	−0.090%	$180K	$1.7M	20x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,740.8	−0.083%	$187K	$818K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0042%	8h	2,741.3	−0.063%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0051%	8h	2,740.6	−0.089%	$2.37B	$4.37B	150x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,742	−0.038%	$380.8M	$574.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,740.8	−0.082%	$1.67B	$10.76B	100x	as long as short
Phemex ETHUSDT	+0.0077%	8h	2,741.8	−0.045%	$266.2M	$65.1M	150x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,741.8	−0.047%	$251.5M	$842.3M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,741.9	−0.041%	$113.2M	$430.2M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,743.1	long leg	$23.5M	$103.6M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,740.1	−0.108%	—	$31.0M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,737.8	−0.194%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,734.2	−0.323%	$117K	$22.5M	52x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,742.2	−0.033%	$1.56B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0099%	8h	2,741.6	−0.052%	$6.37B	$15.90B	150x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,743.5	+0.017%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.8	−0.119%	$500K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,740.1	−0.108%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,744.2	+0.042%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,741	−0.075%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.3	−0.137%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.5	−0.093%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,733.7	−0.343%	$169.4M	$313.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742.1	−0.036%	$3.34B	$8.82B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,740.7	−0.086%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,741.5	−0.058%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.167%	$134.0M	$323.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.9	−0.190%	$184.2M	$669.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.7	−0.158%	$159.3M	$86.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,738.6	−0.162%	$8.7M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738	−0.185%	$21.1M	$68.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.9	−0.043%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,741.5	−0.058%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743	−0.001%	$41.4M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.7	−0.160%	$961K	$11.3M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,741.5	−0.057%	$54.6M	$187.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.6	−0.089%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,739.8	−0.119%	$30.6M	$72.9M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,740.6	−0.090%	$5.7M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0114%	1h	2,738.1	−0.182%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,743	−0.004%	$51.2M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0152%	1h	2,742.7	−0.013%	$83.7M	$315.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0166%	1h	2,743	−0.003%	$260.4M	$197.7M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0199%	8h	2,743.6	+0.021%	$32.3M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,739.8	−0.118%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,738.8	−0.155%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0395%	8h	2,741.5	−0.059%	$283.7M	$176.1M	150x	as long as short