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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−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Ondo Perps+0.063%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Lighter RH
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+0.261%+$26 · spread now +0.063%, 7d avg +0.050%
Together, before fees+0.254%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,766.40.0100pay 0.0013% / 1h31m 21s$2.9M$16.5M25x
ShortLighter RH ETH2,768.20.0096get 0.0012% / 1h31m 21s$25.4M$122.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. 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
−$0.84
Price spread: +0.063% → +0.050%
$1.36
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$4.48
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Lighter RH live order book, 3 min ago0.67 bp0.9 bp −$12.5 bp −$255.7 bp −$57153.9 bp −$27.0K
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,768.1+0.063%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.011%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.7+0.011%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,769.1+0.098%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767+0.022%$794K$3.7M25xas long as short
ApeX Omni ETHUSDT−0.0011%1h2,766.3−0.004%$8.8M$32.5M100xas long as short
RISEx ETH/USDC−0.0011%1h2,767.6+0.043%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,767.4+0.036%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.3+0.103%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,768.2+0.064%$1.71B$11.86B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,766.1−0.013%$266.3M$66.0M150xas long as short
Aftermath Perps ETHUSD+0.0027%1h2,767.4+0.037%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,769.2+0.100%$13.1M—200xas long as short
Aster ETHUSDT+0.0036%8h2,768.1+0.063%$255.9M$995.9M200xas long as short
Binance ETHUSDT+0.0045%8h2,768.3+0.068%$6.42B$17.20B150xas long as short
MEXC ETH_USDT+0.0046%8h2,768.5+0.075%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0048%1h2,766.2−0.008%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0066%8h2,768.7+0.082%$3.29B$9.62B200xas long as short
Bitget ETHUSDT+0.0073%8h2,768.4+0.071%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0077%1h2,768.2+0.066%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.086%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,766.7+0.011%$115.2M$511.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,768.2+0.063%$25.4M$122.3M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7+0.118%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,765.7−0.025%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769+0.094%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767+0.020%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.1+0.170%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,767.4+0.034%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.4+0.071%$2.50B$4.63B150xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,766.4long leg$2.9M$16.5M25x
Arcus ETH-USD+0.0100%1h2,769.4+0.107%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.017%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768.7+0.082%$424.7M$740.9M100xas long as short
BingX ETH-USDT+0.0100%8h2,768.3+0.069%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.6+0.007%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.012%$177.8M$792.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.8−0.023%$160.8M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,766.3−0.004%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770+0.130%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.1+0.099%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.9+0.163%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.2+0.065%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,768.8+0.087%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.2−0.006%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,768.7+0.081%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,768+0.058%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770.8+0.159%$60.1M$4.62B50xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,770.1+0.134%$258.4M$224.7M50xas long as short
Kalshi KXETHPERP+0.0118%8h2,767.3+0.033%$8.6M$672.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,771.2+0.174%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0166%8h2,765.5−0.034%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,767.6+0.042%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.2+0.137%$87.6M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,768.8+0.087%$290K$1.5M20xas long as short