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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 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Pacifica+0.076%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Long on PacificaShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 7 days−0.073%−$7 · spread now +0.076%, 7d avg +0.018%
Together, before fees−0.027%+ Points / potential airdropPacifica: Active · Lighter RH: Points live · farm board−$3 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 RH is 0.058% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,770.10.0100pay 0.0013% / 1h9m 14s$31.2M$316.9M50x
ShortLighter RH ETH2,772.20.0096get 0.0012% / 1h9m 14s$25.3M$122.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Pacifica. 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: +0.076% → +0.018%
$5.75
Slippage, 4 orders
−$2.9
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$5.99
Costs to cover
0.109%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; Lighter RH: live order book, 5 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 Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.9 bp −$49doesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago1.12 bp1.2 bp −$12.4 bp −$249.4 bp −$93768.4 bp −$34.2K

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−0.0223%43m2,770.2+0.002%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.012%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.290%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.086%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.013%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1−0.001%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.042%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.050%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.046%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.4+0.009%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.042%$12.8M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.017%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.053%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.6+0.016%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770−0.004%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.019%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.2+0.003%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,770.2+0.004%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.054%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,771+0.032%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.8+0.025%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.6+0.018%$421.2M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.054%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.7+0.020%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,770.9+0.028%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.066%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8−0.011%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.027%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.020%$115.1M$500.7M50xas long as short
Lighter RH ETHshort+0.0096%1h2,772.2+0.076%$25.3M$122.0M50x
Vest ETH-PERP+0.0096%1h2,770.5+0.012%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.037%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.015%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5+0.086%$3.17B$2.36B25xas long as short
Pacifica ETHlong+0.0100%1h2,770.1long leg$31.2M$316.9M50x
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.008%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.015%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.026%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.024%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.061%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.005%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.051%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.014%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.017%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.040%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.024%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.111%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.4−0.024%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.035%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.035%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.047%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.117%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.021%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1+0.001%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.061%$252K$1.6M20xas long as short