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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.016%
Price spread now: Lighter against OKX+0.032%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Long on OKXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.032%, 7d avg +0.014%
Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,771.30.0022pay 0.0022% / 8h2h 47m$1.70B$11.86B100x
ShortLighter ETH2,772.20.0096get 0.0012% / 1h47m 48s$115.2M$508.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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
$15.52
Price spread: +0.032% → +0.014%
$1.8
Slippage, 4 orders
−$0.91
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$6.41
Costs to cover
0.109%
Break-even
4.1 days
Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 6 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 OKX live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5497.4 bp −$3,712
Sell Lighter live order book, 6 min ago0.31 bp0.5 bp −$10.9 bp −$91.5 bp −$1554.7 bp −$2,351

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−0.0447%43m2,771.5+0.008%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.072%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.021%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770−0.046%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.4+0.005%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,776.7+0.196%$797K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.1−0.004%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.045%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.6+0.048%$22.4M—200xas long as short
Phemex ETHUSDT+0.0016%8h2,771.4+0.004%$266.6M$65.8M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPlong+0.0022%8h2,771.3long leg$1.70B$11.86B100x
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.3+0.039%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0038%1h2,773.3+0.075%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.7−0.058%$5.0M$636K20xas long as short
Aster ETHUSDT+0.0043%8h2,771.30.000%$255.9M$998.1M200xas long as short
MEXC ETH_USDT+0.0043%8h2,771.4+0.005%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,771.6+0.011%$6.44B$17.22B150xas long as short
Gate ETH_USDT+0.0058%8h2,771.8+0.020%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.2−0.003%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0076%1h2,771.4+0.005%$187K$1.8M20xas long as short
SoDEX ETH-USD+0.0086%1h2,771.6+0.012%$55.2M$228.6M40xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.052%$141.1M$319.9M—as long as short
Lighter ETHshort+0.0096%1h2,772.2+0.032%$115.2M$508.6M50x
Lighter RH ETH+0.0096%1h2,773.6+0.083%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.6+0.050%—$42.5M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.2+0.035%$15.9M$11.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.7+0.016%$480K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.7+0.015%$16.1M$115.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.113%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772.4+0.041%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.4+0.005%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.4+0.005%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.4+0.075%$2.8M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.016%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,771.4+0.004%$426.3M$745.1M100xas long as short
BingX ETH-USDT+0.0100%8h2,771.4+0.006%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.3+0.036%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.9+0.060%$178.4M$789.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.9−0.048%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,769.5−0.064%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772+0.028%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.062%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.4+0.041%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.1+0.103%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.1−0.041%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.025%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.9−0.012%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.5+0.080%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.2+0.034%$8.6M$670.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,774.8+0.126%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,769.8−0.052%$286.5M$196.4M150xas long as short
Deribit ETH-PERPETUAL+0.0186%1h2,773.7+0.088%$259.0M$223.3M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.022%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773.2+0.070%$88.5M$330.1M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9−0.014%$273K$1.5M20xas long as short