ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter RH−0.039%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$110.114% of the position

Long on Lighter RH Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.039%, 7d avg −0.018%

Together, before fees−0.030%+ Points / potential airdropLighter RH: Points live · Pacifica: Active · farm board−$3 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: Pacifica is 0.021% cheaper against Lighter RH than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,775.1	0.0096	pay 0.0012% / 1h	54m 18s	$25.5M	$121.4M	50x
Short	Pacifica ETH	2,774	0.0100	get 0.0013% / 1h	54m 18s	$31.2M	$281.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.84
Price spread: −0.039% → −0.018%: −$2.14
Slippage, 4 orders: −$3.39
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.68
Costs to cover: 0.114%
Break-even: 112.7 days

Slippage from Lighter RH: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago	1.46 bp	1.5 bp −$1	2.5 bp −$25	10.2 bp −$1,023	72.0 bp −$36.0K
Sell Pacifica live order book, 5 min ago	0.18 bp	4.2 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit

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	2,773.1	−0.071%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0318%	1h	2,773.3	−0.065%	$10.5M	$30.9M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,774.7	−0.013%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,773.1	−0.071%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,771.7	−0.121%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,776.7	+0.059%	$799K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,772.7	−0.084%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.4	+0.012%	$13.0M	$45.3M	50x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,774.3	−0.028%	$259.0M	$223.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.8	−0.082%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0017%	8h	2,772.1	−0.108%	—	$1.20B	—	as long as short
OKX ETH-USDT-SWAP	+0.0022%	8h	2,771.6	−0.124%	$1.70B	$11.91B	100x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,771.7	−0.121%	$266.7M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,772.9	−0.077%	$13.0M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0031%	1h	2,778.6	+0.128%	$29K	$22K	20x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,769.6	−0.197%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0043%	8h	2,771.5	−0.129%	$1.59B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0044%	8h	2,772	−0.110%	$6.45B	$17.26B	150x	as long as short
Aster ETHUSDT	+0.0047%	8h	2,771.5	−0.128%	$256.2M	$997.6M	200x	as long as short
Gate ETH_USDT	+0.0055%	8h	2,771.8	−0.116%	$3.29B	$9.52B	200x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,771.6	−0.125%	$55.2M	$228.5M	40x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,771.2	−0.138%	$2.09B	$3.14B	150x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,771.3	−0.135%	$188K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,775.7	+0.025%	$140.7M	$320.1M	—	as long as short
Lighter ETH	+0.0096%	1h	2,774.4	−0.023%	$115.2M	$507.0M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,775.1	long leg	$25.5M	$121.4M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,774.9	−0.005%	—	$42.8M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.3	−0.062%	$15.9M	$11.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772.9	−0.078%	$493K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.5	−0.129%	$16.2M	$115.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,774	−0.038%	$3.20B	$2.38B	25x	as long as short
Pacifica ETHshort	+0.0100%	1h	2,774	−0.039%	$31.2M	$281.2M	50x
Bybit ETHUSDT	+0.0100%	8h	2,771.6	−0.126%	$2.51B	$4.65B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.3	−0.099%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.7	−0.014%	$2.8M	$17.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,780.5	+0.197%	$165.0M	$263.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,772.3	−0.099%	$426.3M	$746.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.1	+0.109%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.2	+0.005%	$177.5M	$786.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775.6	+0.020%	$161.5M	$98.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,777.6	+0.092%	$21.4M	$57.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.2	−0.067%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.5	−0.056%	$10.8M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.3	−0.099%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.9	−0.041%	$42.9M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.8	−0.118%	$972K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,771.4	−0.131%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771	−0.148%	$31.6M	$76.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.3	−0.065%	$60.4M	$4.66B	50x	as long as short
Kalshi KXETHPERP	+0.0111%	8h	2,776.6	+0.055%	$8.5M	$671.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0128%	8h	2,774.3	−0.028%	$32.6M	$11.7M	100x	as long as short
BloFin ETH-USDT	+0.0164%	8h	2,777.1	+0.072%	$287.5M	$197.2M	150x	as long as short
Reya ETHRUSDPERP	+0.0194%	1h	2,770.8	−0.153%	$7.5M	$995K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773	−0.074%	$88.6M	$331.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0352%	1h	2,775	−0.003%	$273K	$1.5M	20x	as long as short