Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.009%
Price spread now: SoDEX against Lighter RH−0.131%7-day average −0.066% · 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−$18as in the Price arb table
costs, in and out, $10k−$110.115% of the position
Funding, last 3 days (all we have)−0.023%−$2 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.131%, 7d avg −0.066%
=Together, before fees+0.028%+ Points / potential airdropLighter RH: Points live · 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: SoDEX is 0.065% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,784.5 | 0.0096 | pay 0.0012% / 1h | 48m 38s | $25.4M | $120.8M | 50x |
| Short | SoDEX ETH-USD | 2,780.8 | 0.0100 | get 0.0013% / 1h | 48m 38s | $55.4M | $229.0M | 40x |
Lighter RH ETH
SoDEX ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $0.84
- Price spread: −0.131% → −0.066%
- −$6.52
- Slippage, 4 orders
- −$3.47
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$17.15
- Costs to cover
- 0.115%
- Break-even
- 149.9 days
Slippage from Lighter RH: live order book, 6 min ago; SoDEX: live order book, 1 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, 6 min ago | 1.51 bp | 1.6 bp −$2 | 2.4 bp −$24 | 14.3 bp −$1,429 | 78.8 bp −$39.4K |
| Sell SoDEX live order book, 1 min ago | 0.18 bp | 4.2 bp −$4 | 4.3 bp −$43 | 5.9 bp −$594 | 30.7 bp −$15.4K |
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 | 2,782.8 | −0.060% | $288K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0206% | 1h | 2,781.7 | −0.097% | $5.7M | $11.9M | 25x | as long as short |
| ApeX Omni ETHUSDT | −0.0110% | 1h | 2,783.3 | −0.041% | $8.8M | $32.8M | 100x | as long as short |
| Injective ETH/USDC PERP | −0.0088% | 1h | 2,782.5 | −0.070% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,782.2 | −0.081% | $5K | $2K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0016% | 1h | 2,782.4 | −0.074% | $169K | $1.2M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.0009% | 1h | 2,782.9 | −0.057% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,784.1 | −0.013% | $12.8M | $45.9M | 50x | as long as short |
| Phoenix ETH | +0.0003% | 1h | 2,783.6 | −0.031% | $887K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,782.7 | −0.062% | $22.5M | — | 200x | as long as short |
Perpl ETH
RISEx ETH/USDC
ApeX Omni ETHUSDT
Injective ETH/USDC PERP
Hotstuff ETH-PERP
01 Exchange ETHUSD
Aftermath Perps ETHUSD
dYdX ETH-USD
Phoenix ETH
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDC | +0.0016% | 8h | 2,782.9 | −0.056% | — | $17.4M | — | as long as short |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,781.8 | −0.096% | $1.71B | $11.92B | 100x | as long as short |
| Phemex ETHUSDT | +0.0025% | 8h | 2,781.2 | −0.117% | $271.0M | $68.9M | 150x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0026% / S +0.0009% | 1h | 2,782.7 | −0.064% | $12.9M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0037% | 8h | 2,782.6 | −0.067% | $256.8M | $1.00B | 200x | as long as short |
| Aevo ETH-PERP | +0.0064% | 1h | 2,781.4 | −0.108% | $5.0M | $636K | 20x | as long as short |
| MEXC ETH_USDT | +0.0066% | 8h | 2,782.1 | −0.085% | $1.60B | $2.63B | 500x | as long as short |
| Bitget ETHUSDT | +0.0066% | 8h | 2,782.2 | −0.083% | $2.11B | $3.11B | 150x | as long as short |
| Binance ETHUSDT | +0.0066% | 8h | 2,782.7 | −0.062% | $6.45B | $17.29B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0070% | 1h | 2,782.4 | −0.075% | $258.9M | $222.8M | 50x | as long as short |
| Bullet ETH-USD | +0.0071% | 1h | 2,781.9 | −0.090% | $184K | $1.7M | 20x | as long as short |
| Gate ETH_USDT | +0.0072% | 8h | 2,783.2 | −0.045% | $3.31B | $9.59B | 200x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0088% | 1h | 2,782.4 | −0.073% | $60.4M | $4.61B | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0089% | 8h | 2,783.1 | −0.049% | $423.3M | $739.2M | 100x | as long as short |
| HTX ETH-USDT | +0.0090% | 8h | 2,780.9 | −0.127% | $1.08B | $1.32B | 200x | as long as short |
| Bybit ETHUSDT | +0.0091% | 8h | 2,782.4 | −0.073% | $2.52B | $4.64B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,783.3 | −0.040% | $116.3M | $495.9M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,784.5 | long leg | $25.4M | $120.8M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,782.8 | −0.060% | — | $41.9M | 500x | as long as short |
| Vest ETH-PERP | +0.0097% | 1h | 2,782.8 | −0.060% | — | $1.1M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,782.1 | −0.083% | $16.0M | $10.3M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,782.1 | −0.084% | $479K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,782.8 | −0.058% | $14.3M | $118.2M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,785.8 | +0.048% | $3.20B | $2.35B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,783.5 | −0.035% | $31.3M | $309.3M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,782 | −0.088% | $2.8M | $17.2M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,783.4 | −0.038% | $2.7M | $17.2M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,784.2 | −0.009% | $168.3M | $253.1M | 25x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,780.9 | −0.128% | $15.1M | $44.0M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,782.7 | −0.064% | $147.8M | $336.6M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,783.9 | −0.019% | $182.2M | $781.7M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,783.7 | −0.025% | $161.9M | $89.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,784 | −0.016% | $21.5M | $58.3M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,783 | −0.052% | $10.8M | $7.6M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,780.5 | −0.143% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,783.1 | −0.048% | $42.8M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,781.6 | −0.102% | $975K | $13.9M | 100x | as long as short |
| SoDEX ETH-USDshort | +0.0100% | 1h | 2,780.8 | −0.131% | $55.4M | $229.0M | 40x | |
| Extended ETH-USD | +0.0104% | 1h | 2,782.8 | −0.059% | $32.7M | $77.7M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0122% | 1h | 2,782.2 | −0.082% | $86.9M | $333.3M | 100x | as long as short |
| Kalshi KXETHPERP | +0.0124% | 8h | 2,782.4 | −0.074% | $8.5M | $682.2M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0137% | 8h | 2,782.6 | −0.068% | $32.6M | $12.1M | 100x | as long as short |
| BloFin ETH-USDT | +0.0186% | 8h | 2,781 | −0.126% | $284.9M | $194.9M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0198% | 1h | 2,781.8 | −0.095% | $7.4M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0280% | 1h | 2,785 | +0.019% | $271K | $1.5M | 20x | as long as short |
BingX ETH-USDC
OKX ETH-USDT-SWAP
Phemex ETHUSDT
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Bitget ETHUSDT
Binance ETHUSDT
Deribit ETH-PERPETUAL
Bullet ETH-USD
Gate ETH_USDT
Coinbase International ETH-PERP-INTX
KuCoin ETHUSDTM
HTX ETH-USDT
Bybit ETHUSDT
Lighter ETH
Jupiter Perps ETH-PERP
Vest ETH-PERP
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
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
Extended ETH-USD
Kraken Futures PF_ETHUSD
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
BloFin ETH-USDT
Reya ETHRUSDPERP
Hibachi ETH/USDT-P