Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%
Price spread now: Hyperliquid against Lighter RH+0.026%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.122% of the position
Long on Lighter RHShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.026%, 7d avg +0.013%
Together, before fees+0.003%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,769.50.0096pay 0.0012% / 1h20m 36s$25.6M$111.7M50x
ShortHyperliquid ETH2,770.20.0100get 0.0013% / 1h20m 36s$3.17B$2.18B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0.84
Price spread: +0.026% → +0.013%
$1.22
Slippage, 4 orders
−$3.17
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$10.1
Costs to cover
0.122%
Break-even
91.2 days
Slippage from Lighter RH: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 4 min ago1.21 bp1.2 bp −$13.3 bp −$3312.6 bp −$1,26575.0 bp −$37.5K
Sell Hyperliquid live order book, 4 min ago0.18 bp4.8 bp −$55.7 bp −$577.2 bp −$7169.2 bp −$4,605

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.268%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.9−0.059%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,768.3−0.045%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.6+0.004%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,767.9−0.057%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.091%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2−0.010%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769−0.018%$22.4M—200xas long as short
Bullet ETH-USD+0.0020%1h2,768.2−0.047%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767.3−0.078%$1.71B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0034%1h2,768.7−0.029%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.8−0.024%$12.7M—200xas long as short
Aster ETHUSDT+0.0049%8h2,768.5−0.035%$256.0M$885.0M200xas long as short
Gate ETH_USDT+0.0054%8h2,768−0.055%$3.37B$9.04B200xas long as short
Binance ETHUSDT+0.0060%8h2,767.1−0.087%$6.47B$16.29B150xas long as short
MEXC ETH_USDT+0.0061%8h2,766.9−0.095%$1.62B$2.64B500xas long as short
Phemex ETHUSDT+0.0062%8h2,768.1−0.051%$269.4M$67.4M150xas long as short
Aevo ETH-PERP+0.0064%1h2,768.4−0.040%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,772.5+0.109%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,767.9−0.057%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770+0.019%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0083%1h2,769−0.017%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,767.4−0.076%$420.0M$619.9M100xas long as short
Lighter ETH+0.0096%1h2,767.8−0.060%$114.9M$458.5M50xas long as short
Lighter RH ETHlong+0.0096%1h2,769.5long leg$25.6M$111.7M50x
Deribit ETH-PERPETUAL+0.0097%1h2,770.3+0.029%$259.1M$204.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9+0.015%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.9−0.057%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768−0.052%$14.6M$113.8M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,770.2+0.026%$3.17B$2.18B25x
Pacifica ETH+0.0100%1h2,767.8−0.062%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.4−0.076%$2.51B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.8−0.097%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.5−0.036%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.121%$170.3M$276.6M25xas long as short
BingX ETH-USDT+0.0100%8h2,767.8−0.062%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1−0.050%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.034%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.085%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.226%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.078%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,770.8+0.047%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.5−0.036%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.9−0.022%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.7+0.045%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.5−0.038%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.3−0.044%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,767.2−0.083%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.8+0.009%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,769.8+0.011%$8.1M$679.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.3+0.029%$95.9M$319.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.054%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.3+0.064%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7−0.028%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,768.3−0.044%$7.3M$1.1M25xas long as short