ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.008%

Price spread now: 01 Exchange against Lighter RH−0.021%7-day average −0.031% · 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−$13as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Lighter RH Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.021%, 7d avg −0.031%

Together, before fees−0.051%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,770	0.0096	pay 0.0012% / 1h	30m 05s	$25.4M	$122.4M	50x
Short	01 Exchange ETHUSD	2,769.4	−0.0056	pay 0.0007% / 1h	30m 05s	$172K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$31.92
Price spread: −0.021% → −0.031%: $1.07
Slippage, 4 orders: −$6.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$44.78
Costs to cover: 0.139%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; 01 Exchange: live order book, 4 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, 4 min ago	0.67 bp	1.3 bp −$1	2.7 bp −$27	10.6 bp −$1,061	73.6 bp −$36.8K
Sell 01 Exchange live order book, 4 min ago	0.18 bp	5.9 bp −$6	10.0 bp −$100	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	−0.0112%	43m	2,769.5	−0.016%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.140%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,766.7	−0.118%	$5K	$2K	50x	as long as short
01 Exchange ETHUSDshort	−0.0056%	1h	2,769.4	−0.021%	$172K	$1.2M	50x
Phoenix ETH	−0.0023%	1h	2,767	−0.107%	$794K	$3.7M	25x	as long as short
ApeX Omni ETHUSDT	−0.0011%	1h	2,766.3	−0.133%	$8.8M	$32.5M	100x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,769.4	−0.020%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.3	−0.023%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769	−0.035%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0017%	1h	2,767.8	−0.077%	$29K	$21K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.4	−0.056%	$1.71B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,767.9	−0.076%	$266.5M	$66.1M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769	−0.035%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0037%	8h	2,768.2	−0.064%	$255.8M	$996.0M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,768	−0.071%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,768.4	−0.056%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,766.1	−0.141%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,768.4	−0.057%	$3.29B	$9.62B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,768.3	−0.060%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,768.3	−0.060%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.063%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,768.5	−0.053%	$115.3M	$512.0M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,770	long leg	$25.4M	$122.4M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770	0.000%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,769.2	−0.028%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.2	−0.028%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.1	−0.031%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.9	+0.034%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.9	−0.003%	$31.2M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.4	−0.056%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.1	−0.031%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.3	+0.049%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.146%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.3	−0.023%	$424.8M	$740.9M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,768.4	−0.056%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.7	−0.048%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.1	−0.141%	$177.8M	$792.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.8	−0.151%	$160.8M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768.6	−0.049%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.7	−0.011%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.5	+0.019%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.3	−0.026%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.5	+0.017%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.2	−0.064%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,767.9	−0.075%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.2	−0.065%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.4	−0.091%	$31.4M	$76.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0104%	1h	2,769.8	−0.008%	$258.4M	$224.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,769.8	−0.007%	$60.1M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,770	+0.001%	$8.7M	$672.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,770.9	+0.032%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0165%	8h	2,768.8	−0.043%	$285.6M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,767.9	−0.076%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,769	−0.036%	$87.1M	$330.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,770.9	+0.034%	$288K	$1.5M	20x	as long as short