Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.006%
Price spread now: MEXC against Lighter RH−0.090%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$50.051% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.090%, 7d avg −0.029%
=Together, before fees+0.011%+ Points / potential airdropLighter RH: Points live · farm board+$1 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: MEXC is 0.061% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,739.5 | 0.0096 | pay 0.0012% / 1h | 56m 34s | $23.5M | $103.6M | 50x |
| Short | MEXC ETH_USDT | 2,737 | 0.0099 | get 0.0099% / 8h | 3h 56m | $1.56B | $2.53B | 500x |
Lighter RH ETH
MEXC ETH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0.63
- Price spread: −0.090% → −0.029%
- −$6.12
- Slippage, 4 orders
- −$3.08
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee MEXC: 1 bp × 2 orders
- −$2
- Net
- −$10.57
- Costs to cover
- 0.051%
- Break-even
- 124.4 days
Slippage from Lighter RH: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 0.53 bp | 0.5 bp −$1 | 1.7 bp −$17 | 8.4 bp −$839 | 65.2 bp −$32.6K |
| Sell MEXC live order book, 3 min ago | 0.33 bp | 1.3 bp −$1 | 1.3 bp −$13 | 1.4 bp −$141 | 3.4 bp −$1,702 |
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 | 2,738.4 | −0.038% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,738.4 | −0.039% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,738.5 | −0.037% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,737.7 | −0.065% | $10.7M | $41.9M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,739.1 | −0.014% | $6.8M | $680.0M | 4.9x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,739.6 | +0.004% | $828K | $2.9M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,738.6 | −0.034% | $28.1M | — | 200x | as long as short |
| HTX ETH-USDT | +0.0022% | 8h | 2,737.2 | −0.082% | $1.06B | $1.20B | 200x | as long as short |
| Bullet ETH-USD | +0.0031% | 1h | 2,738 | −0.054% | $180K | $1.7M | 20x | as long as short |
| 01 Exchange ETHUSD | +0.0040% | 1h | 2,737.9 | −0.058% | $187K | $819K | 50x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
Kalshi KXETHPERP
Phoenix ETH
gTrade (Gains Network) ETH/USD
HTX ETH-USDT
Bullet ETH-USD
01 Exchange ETHUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDC | +0.0043% | 8h | 2,736.7 | −0.101% | — | $18.4M | — | as long as short |
| Bybit ETHUSDT | +0.0051% | 8h | 2,736.6 | −0.105% | $2.37B | $4.36B | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0064% | 1h | 2,738.4 | −0.039% | $8.7M | $31.3M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0068% | 8h | 2,737.2 | −0.083% | $380.2M | $574.1M | 100x | as long as short |
| SoDEX ETH-USD | +0.0071% | 1h | 2,738.1 | −0.050% | $54.5M | $187.6M | 40x | as long as short |
| OKX ETH-USDT-SWAP | +0.0075% | 8h | 2,737.1 | −0.089% | $1.67B | $10.74B | 100x | as long as short |
| Phemex ETHUSDT | +0.0076% | 8h | 2,738.1 | −0.052% | $265.9M | $65.1M | 150x | as long as short |
| Aster ETHUSDT | +0.0091% | 8h | 2,738.2 | −0.045% | $251.1M | $842.2M | 200x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,738.1 | −0.051% | $113.1M | $430.1M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,739.5 | long leg | $23.5M | $103.6M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,738.1 | −0.052% | — | $31.0M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,735.4 | −0.149% | $4.9M | $155K | 20x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,739.5 | +0.001% | $118K | $22.5M | 52x | as long as short |
| Binance ETHUSDT | +0.0099% | 8h | 2,737.3 | −0.078% | $6.36B | $15.89B | 150x | as long as short |
| MEXC ETH_USDTshort | +0.0099% | 8h | 2,737 | −0.090% | $1.56B | $2.53B | 500x | |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,741.9 | +0.089% | $15.6M | $8.0M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,737 | −0.091% | $500K | $3.3M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,738.9 | −0.021% | $13.6M | $104.4M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,740.1 | +0.023% | $3.11B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,738.2 | −0.047% | $31.9M | $334.0M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,736.5 | −0.109% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,737.9 | −0.059% | $1.6M | $15.9M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,733.7 | −0.212% | $169.4M | $313.3M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,737 | −0.089% | $3.34B | $8.82B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,737.2 | −0.083% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,737.3 | −0.081% | $15.2M | $40.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,737.3 | −0.079% | $134.0M | $324.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,738.4 | −0.039% | $184.2M | $669.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,738.2 | −0.046% | $159.3M | $86.3M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,738.5 | −0.036% | $21.1M | $68.4M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,739.2 | −0.011% | — | $843K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,739.9 | +0.015% | $11.2M | $9.3M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,738.7 | −0.029% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,739.8 | +0.011% | $41.3M | $29.8M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,737.8 | −0.062% | $960K | $11.3M | 100x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,736.3 | −0.115% | $30.4M | $72.9M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,737.9 | −0.058% | $5.7M | $11.7M | 25x | as long as short |
| Deribit ETH-PERPETUAL | +0.0108% | 1h | 2,739.3 | −0.006% | $260.3M | $197.4M | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0115% | 1h | 2,737.4 | −0.074% | $30K | $20K | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,739.5 | −0.001% | $51.2M | $4.28B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,739.1 | −0.014% | $83.6M | $315.3M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0199% | 8h | 2,740.3 | +0.031% | $32.3M | $11.7M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0215% | 1h | 2,737.4 | −0.075% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0280% | 1h | 2,739.7 | +0.008% | $249K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0396% | 8h | 2,737.7 | −0.066% | $283.3M | $175.9M | 150x | as long as short |
BingX ETH-USDC
Bybit ETHUSDT
ApeX Omni ETHUSDT
KuCoin ETHUSDTM
SoDEX ETH-USD
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Aster ETHUSDT
Lighter ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Injective ETH/USDC PERP
Binance ETHUSDT
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
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
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
Extended ETH-USD
RISEx ETH/USDC
Deribit ETH-PERPETUAL
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT