ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against SoDEX+0.041%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.041%, 7d avg +0.044%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,768.8	0.0100	pay 0.0013% / 1h	30m 48s	$55.1M	$228.6M	40x
Short	Lighter ETH	2,769.9	0.0096	get 0.0012% / 1h	30m 48s	$115.4M	$511.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.044%: −$0.24
Slippage, 4 orders: −$1.35
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.43
Costs to cover: 0.093%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; Lighter: live order book, 8 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 SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.6 bp −$557	31.1 bp −$15.6K
Sell Lighter live order book, 8 min ago	0.36 bp	0.6 bp −$1	1.1 bp −$11	1.4 bp −$140	4.1 bp −$2,073

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	−0.0112%	43m	2,768.1	−0.024%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.098%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,766.7	−0.076%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,769.1	+0.011%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,767	−0.065%	$794K	$3.7M	25x	as long as short
ApeX Omni ETHUSDT	−0.0011%	1h	2,766.3	−0.091%	$8.8M	$32.5M	100x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,767.6	−0.043%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,767.4	−0.051%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769.3	+0.017%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,769	+0.008%	$1.71B	$11.86B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0023%	8h	2,768.8	−0.001%	$266.6M	$66.0M	150x	as long as short
Aftermath Perps ETHUSD	+0.0027%	1h	2,767.4	−0.050%	$29K	$21K	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769.2	+0.013%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,768.8	+0.001%	$255.9M	$995.9M	200x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,769.4	+0.023%	$6.43B	$17.21B	150x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,769.4	+0.023%	$1.62B	$2.66B	500x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,766.2	−0.095%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,769.4	+0.021%	$3.29B	$9.62B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,769.3	+0.017%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,768.2	−0.021%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,764	−0.172%	$140.6M	$319.6M	—	as long as short
Lighter ETHshort	+0.0096%	1h	2,769.9	+0.041%	$115.4M	$511.9M	50x
Lighter RH ETH	+0.0096%	1h	2,770.4	+0.057%	$25.4M	$122.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.7	+0.032%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,765.7	−0.112%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769	+0.007%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,767	−0.066%	$14.7M	$117.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.1	+0.083%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,767.4	−0.052%	$31.2M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.2	+0.013%	$2.50B	$4.63B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.4	−0.087%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,769.4	+0.020%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.104%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.4	+0.021%	$424.8M	$740.9M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,768.9	+0.004%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.6	+0.030%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.1	−0.098%	$177.8M	$792.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.8	−0.109%	$160.8M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,766.3	−0.090%	$21.4M	$57.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770	+0.043%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.1	+0.012%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.9	+0.076%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.2	−0.022%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USDlong	+0.0100%	1h	2,768.8	long leg	$55.1M	$228.6M	40x
HTX ETH-USDT	+0.0100%	8h	2,768.1	−0.027%	$1.08B	$1.32B	200x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,768.7	−0.005%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.8	0.000%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770.8	+0.072%	$60.1M	$4.62B	50x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,770.1	+0.047%	$258.4M	$224.7M	50x	as long as short
Kalshi KXETHPERP	+0.0118%	8h	2,768.2	−0.022%	$8.6M	$672.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,771.2	+0.087%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0165%	8h	2,768.8	−0.001%	$285.6M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,767.6	−0.045%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.2	+0.050%	$87.6M	$329.9M	100x	as long as short
Hibachi ETH/USDT-P	+0.0416%	1h	2,768.8	0.000%	$290K	$1.5M	20x	as long as short