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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.018%
Price spread now: Lighter RH against OKX+0.081%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Long on OKXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days−0.092%−$9 · spread now +0.081%, 7d avg +0.031%
Together, before fees−0.008%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.050% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,7370.0075pay 0.0075% / 8h3h 58m$1.67B$10.74B100x
ShortLighter RH ETH2,739.20.0096get 0.0012% / 1h58m 32s$23.5M$103.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
$4.38
Price spread: +0.081% → +0.031%
$5.02
Slippage, 4 orders
−$2.01
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$2.61
Costs to cover
0.120%
Break-even
11.2 days
Slippage from OKX: live order book, 6 min ago; Lighter RH: 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, 6 min ago0.02 bp5.0 bp −$55.0 bp −$506.1 bp −$6088.1 bp −$4,049
Sell Lighter RH live order book, 6 min ago0.71 bp0.7 bp −$12.6 bp −$269.4 bp −$93556.5 bp −$28.3K

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%43m2,738.1+0.039%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.039%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.4+0.050%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.7+0.025%$10.7M$41.9M50xas long as short
Phoenix ETH0.0000%1h2,737.3+0.010%$827K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,738+0.034%$180K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2+0.043%$28.1M—200xas long as short
SoDEX ETH-USD+0.0008%1h2,737.7+0.024%$54.5M$187.7M40xas long as short
HTX ETH-USDT+0.0024%8h2,737.5+0.018%$1.06B$1.20B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,737.9+0.032%$187K$820K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0043%8h2,737.5+0.016%—$1.15B—as long as short
Bybit ETHUSDT+0.0053%8h2,736.8−0.007%$2.37B$4.36B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.034%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,737.7+0.025%$380.3M$573.7M100xas long as short
OKX ETH-USDT-SWAPlong+0.0075%8h2,737long leg$1.67B$10.74B100x
Phemex ETHUSDT+0.0079%8h2,737.8+0.028%$265.9M$65.1M150xas long as short
Aster ETHUSDT+0.0092%8h2,738.2+0.042%$251.1M$842.1M200xas long as short
Lighter ETH+0.0096%1h2,738.1+0.039%$113.1M$430.0M50xas long as short
Lighter RH ETHshort+0.0096%1h2,739.2+0.081%$23.5M$103.5M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,739.7+0.096%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,735.3−0.064%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,747.1+0.368%$118K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,737.5+0.018%$1.56B$2.53B500xas long as short
Backpack ETH_USDC_PERP+0.0099%1h2,736.5−0.020%$15.2M$40.7M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,742.1+0.186%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.2+0.006%$500K$3.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,737.1+0.002%$6.36B$15.89B150xas long as short
Nado ETH-PERP+0.0100%1h2,739.2+0.081%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.2+0.079%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.6+0.057%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.1+0.003%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.9+0.032%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.123%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.5+0.018%$3.34B$8.81B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.5+0.018%$2.07B$2.73B150xas long as short
Variational Omni ETH+0.0100%8h2,737.3+0.010%$134.0M$324.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,7370.000%$184.1M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.016%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,738.9+0.068%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.090%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.109%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738.9+0.067%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.6+0.094%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.7+0.025%$961K$11.3M100xas long as short
Extended ETH-USD+0.0104%1h2,736.8−0.010%$30.4M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,737.9+0.033%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,736.7−0.011%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,738.7+0.061%$51.3M$4.27B50xas long as short
Kalshi KXETHPERP+0.0129%8h2,739.2+0.079%$6.8M$679.7M4.9xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,739.2+0.079%$260.3M$197.3M50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,738.4+0.052%$83.5M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,740.1+0.114%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737.4+0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,739.2+0.079%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0394%8h2,737.7+0.025%$283.5M$175.9M150xas long as short