ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.018%

Price spread now: Reya against Lighter RH−0.156%7-day average −0.054% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.156%, 7d avg −0.054%

Together, before fees+0.170%+ Points / potential airdropLighter RH: Points live · Reya: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.102% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.054%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.043% in total) that is about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,731.6	0.0096	pay 0.0012% / 1h	46m 27s	$23.2M	$105.5M	50x
Short	Reya ETHRUSDPERP	2,727.3	0.0223	get 0.0028% / 1h	46m 27s	$7.3M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −0.156%Rate

Funding earned: $26.73
Price spread: −0.156% → −0.054%: −$10.22
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $10.52
Costs to cover: 0.060%
Break-even: 4.2 days

Slippage unknown: Lighter RH: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.

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	1.67 bp	1.8 bp −$2	2.8 bp −$28	6.3 bp −$626	47.2 bp −$23.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2,728.5	−0.113%	$298K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,726.4	−0.189%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728.5	−0.112%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.1	−0.089%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,730.4	−0.042%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,729.1	−0.090%	$188K	$843K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.8	−0.101%	$826K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,728.5	−0.111%	$25.7M	—	200x	as long as short
Bullet ETH-USD	+0.0025%	1h	2,728.6	−0.108%	$180K	$1.7M	20x	as long as short
SoDEX ETH-USD	+0.0040%	1h	2,726.4	−0.189%	$54.3M	$187.6M	40x	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	+0.0056%	8h	2,729.1	−0.089%	—	$18.4M	—	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,729.8	−0.065%	$380.1M	$575.8M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,728.7	−0.103%	$1.66B	$10.68B	100x	as long as short
Deribit ETH-PERPETUAL	+0.0076%	1h	2,727.9	−0.134%	$260.1M	$196.9M	50x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,728.8	−0.101%	$252.0M	$843.7M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,726.9	−0.172%	$4.9M	$154K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,728.8	−0.101%	$6.34B	$15.83B	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,730.1	−0.055%	$1.53B	$2.54B	500x	as long as short
Bybit ETHUSDT	+0.0095%	8h	2,728.4	−0.118%	$2.38B	$4.33B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,729.4	−0.081%	$112.1M	$434.8M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,731.6	long leg	$23.2M	$105.5M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,727.5	−0.149%	—	$30.6M	500x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,725.5	−0.223%	$1.05B	$1.19B	200x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,733.5	+0.070%	$15.7M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,729.3	−0.083%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,727.9	−0.134%	$497K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730	−0.057%	$13.7M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.8	−0.028%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.9	−0.023%	$31.6M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.3	−0.083%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.8	−0.065%	$2.8M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.8	+0.337%	$166.9M	$306.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.6	−0.070%	$3.35B	$8.77B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.1	−0.127%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.2	−0.161%	$14.9M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734.9	+0.122%	$133.1M	$324.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.7	+0.042%	$181.8M	$667.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729	−0.093%	$158.7M	$84.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,732.1	+0.019%	$8.7M	$30.8M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.3	−0.156%	$21.0M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.4	−0.080%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.9	−0.061%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,728.1	−0.125%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,725.7	−0.215%	$956K	$11.4M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,727.3	−0.157%	$265.1M	$65.4M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.9	−0.099%	$30.4M	$72.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0110%	1h	2,734.5	+0.107%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,727.9	−0.134%	$51.9M	$4.25B	50x	as long as short
Kalshi KXETHPERP	+0.0155%	8h	2,726	−0.204%	$6.3M	$676.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,728.6	−0.108%	$32.1M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0223%	1h	2,726.9	−0.169%	$84.5M	$313.4M	100x	as long as short
Reya ETHRUSDPERPshort	+0.0223%	1h	2,727.3	−0.156%	$7.3M	$1.2M	25x
Hibachi ETH/USDT-P	+0.0248%	1h	2,729	−0.094%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0251%	8h	2,726.4	−0.191%	$284.6M	$174.6M	150x	as long as short
Bluefin ETH-PERP	+0.0784%	1h	2,727.5	−0.148%	$21K	$20K	25x	as long as short