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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.006%
Price spread now: Lighter against MEXC−0.008%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$30.031% of the position
Long on MEXCShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 7 days+0.005%$0 · spread now −0.008%, 7d avg +0.013%
Together, before fees+0.013%+ Points / potential airdropLighter: Season 3 · 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: Lighter is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,739.40.0088pay 0.0088% / 8h5h 41m$1.55B$2.53B500x
ShortLighter ETH2,739.20.0096get 0.0012% / 1h41m 49s$112.6M$432.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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

Funding earned
$1.68
Price spread: −0.008% → +0.013%
−$2.08
Slippage, 4 orders
−$1.08
Fee MEXC: 1 bp × 2 orders
−$2
Fee Lighter: 0 bp × 2 orders
$0
Net
−$3.48
Costs to cover
0.031%
Break-even
21.5 days
Slippage from MEXC: live order book, 7 min ago; Lighter: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 7 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1033.0 bp −$1,502
Sell Lighter live order book, 7 min ago0.15 bp0.7 bp −$11.0 bp −$101.4 bp −$1354.0 bp −$1,980

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0112%43m2,743.9+0.165%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.7+0.083%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.134%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745+0.202%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.2−0.010%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745+0.202%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6+0.043%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.8+0.196%$182K$916K50xas long as short
BingX ETH-USDT+0.0048%8h2,739.2−0.010%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0062%8h2,738.2−0.044%$1.70B$10.56B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,742.7+0.118%$383.8M$597.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,745.2+0.209%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0081%8h2,740.3+0.032%$252.0M$841.1M200xas long as short
MEXC ETH_USDTlong+0.0088%8h2,739.4long leg$1.55B$2.53B500x
Aevo ETH-PERP+0.0088%1h2,741.7+0.083%$4.9M$159K20xas long as short
Binance ETHUSDT+0.0089%8h2,738.8−0.024%$6.37B$15.71B150xas long as short
Bullet ETH-USD+0.0090%1h2,744.5+0.186%$183K$1.7M20xas long as short
Lighter ETHshort+0.0096%1h2,739.2−0.008%$112.6M$432.2M50x
Lighter RH ETH+0.0096%1h2,740.6+0.043%$24.6M$103.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.6+0.154%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746+0.239%$59.0M$4.28B50xas long as short
HTX ETH-USDT+0.0096%8h2,744+0.167%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,748.2+0.319%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4+0.181%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.5+0.185%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.9+0.054%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,739.3−0.005%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.2−0.045%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8+0.123%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.1+0.207%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.149%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.8+0.014%$3.39B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.6−0.030%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.3+0.142%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4+0.035%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.5+0.077%$182.2M$693.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8+0.013%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,743.1+0.135%$8.9M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,742.8+0.123%$21.2M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.2+0.212%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.8+0.233%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.5+0.185%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.260%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.9+0.163%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.8+0.196%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3+0.179%$267.0M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,739.2−0.008%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,743.6+0.152%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0154%8h2,745+0.203%$7.7M$668.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,746.2+0.245%$258.8M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,746.6+0.263%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,743+0.131%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.6+0.227%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,744.3+0.176%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.4+0.109%$249K$1.4M20xas long as short