ETH

Alert: funding

Alert: spread

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 Polymarket Perps+0.011%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.011%, 7d avg +0.013%

Together, before fees−0.032%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ETH-USD	2,784.7	0.0100	pay 0.0013% / 1h	55m 07s	$10.8M	$7.6M	50x
Short	Lighter RH ETH	2,785	0.0096	get 0.0012% / 1h	55m 07s	$25.4M	$120.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Polymarket 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.84
Price spread: +0.011% → +0.013%: −$0.15
Slippage, 4 orders: −$3.55
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.54
Costs to cover: 0.116%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 4 min ago	0.18 bp	4.2 bp −$4	4.9 bp −$49	11.5 bp −$1,153	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.19 bp	1.3 bp −$1	2.6 bp −$26	9.6 bp −$963	71.0 bp −$35.5K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,784	−0.024%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,783.1	−0.058%	$5.7M	$11.9M	25x	as long as short
ApeX Omni ETHUSDT	−0.0131%	1h	2,779.8	−0.175%	$8.8M	$32.7M	100x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.079%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,783.3	−0.050%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,783.8	−0.032%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0002%	1h	2,779.5	−0.185%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,784.4	−0.011%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,778.7	−0.215%	$881K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,784.5	−0.008%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0015%	8h	2,783.4	−0.048%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,783	−0.060%	$1.70B	$11.91B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,783.8	−0.033%	$271.2M	$68.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,784.4	−0.010%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,783.5	−0.043%	$255.2M	$998.4M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0052%	1h	2,784.8	+0.003%	$258.8M	$222.5M	50x	as long as short
Bullet ETH-USD	+0.0057%	1h	2,783.7	−0.035%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0062%	8h	2,783.2	−0.054%	$1.60B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,783.5	−0.042%	$6.46B	$17.25B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,782.1	−0.092%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,783.3	−0.052%	$2.10B	$3.10B	150x	as long as short
Nado ETH-PERP	+0.0065%	1h	2,783.4	−0.045%	$14.4M	$118.2M	50x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,783.3	−0.051%	$3.31B	$9.56B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,784.4	−0.012%	$60.3M	$4.62B	50x	as long as short
HTX ETH-USDT	+0.0089%	8h	2,783.1	−0.057%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,784	−0.026%	$2.52B	$4.62B	150x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,783.7	−0.036%	$424.3M	$739.3M	100x	as long as short
Vest ETH-PERP	+0.0095%	1h	2,783.6	−0.040%	—	$1.1M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,783.8	−0.034%	$116.4M	$494.7M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,785	+0.011%	$25.4M	$120.5M	50x
Paradex ETH-USD-PERP	+0.0099%	8h	2,783.3	−0.052%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,782.9	−0.065%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,785.5	+0.029%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,783.1	−0.056%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,781.6	−0.111%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,784.5	−0.007%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,777.9	−0.243%	$168.1M	$250.4M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,783.1	−0.056%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.4	−0.118%	$147.6M	$336.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,779	−0.203%	$181.9M	$779.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,780.8	−0.141%	$161.7M	$90.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,782.6	−0.075%	$21.5M	$58.3M	40x	as long as short
Polymarket Perps ETH-USDlong	+0.0100%	1h	2,784.7	long leg	$10.8M	$7.6M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,784	−0.027%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,785.7	+0.036%	$42.9M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,783.1	−0.059%	$976K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,783.1	−0.057%	$55.4M	$229.0M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,782.7	−0.072%	$32.7M	$77.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,784.1	−0.020%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,784.3	−0.015%	$86.8M	$332.7M	100x	as long as short
Kalshi KXETHPERP	+0.0124%	8h	2,783.6	−0.040%	$8.4M	$681.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,786.5	+0.063%	$32.7M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,783.7	−0.036%	$285.4M	$195.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0197%	1h	2,783.3	−0.051%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0296%	1h	2,781.9	−0.102%	$271K	$1.5M	20x	as long as short