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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 07:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter RH against SoDEX+0.083%7-day average +0.067% · 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−$9as in the Price arb table
costs, in and out, $10k−$110.106% of the position
Long on SoDEXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.083%, 7d avg +0.067%
Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,727.20.0071pay 0.0009% / 1h33m 05s$54.3M$187.3M40x
ShortLighter RH ETH2,729.50.0096get 0.0012% / 1h33m 05s$23.4M$103.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$5.33
Price spread: +0.083% → +0.067%
$1.56
Slippage, 4 orders
−$2.57
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$3.68
Costs to cover
0.106%
Break-even
11.8 days
Slippage from SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.3 bp −$435.8 bp −$58329.4 bp −$14.7K
Sell Lighter RH live order book, 6 min ago1.01 bp1.1 bp −$11.9 bp −$1910.3 bp −$1,02952.3 bp −$26.1K

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%43m2,727.7+0.018%$288K$5.8M8.3xas long as short
ApeX Omni ETHUSDT−0.0087%1h2,726.4−0.031%$8.6M$31.4M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,725.7−0.055%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.015%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.8−0.050%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,725.7−0.055%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9−0.049%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727.6+0.015%$6.7M$688.5M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.2+0.037%$262.6M$215.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,727.7+0.020%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0010%8h2,726.9−0.011%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,728.2+0.037%$191K$895K50xas long as short
BingX ETH-USDT+0.0027%8h2,727−0.007%—$1.11B—as long as short
Bybit ETHUSDT+0.0033%8h2,727−0.007%$2.34B$4.41B150xas long as short
SoDEX ETH-USDlong+0.0071%1h2,727.2long leg$54.3M$187.3M40x
KuCoin ETHUSDTM+0.0072%8h2,727.4+0.006%$375.8M$577.1M100xas long as short
Aster ETHUSDT+0.0081%8h2,727.4+0.006%$252.1M$848.8M200xas long as short
SunX ETH-USDT+0.0085%8h2,726.7−0.017%$955K$11.0M100xas long as short
OKX ETH-USDT-SWAP+0.0087%8h2,726.9−0.010%$1.65B$10.91B100xas long as short
Aevo ETH-PERP+0.0088%1h2,724.7−0.092%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0089%8h2,727.2+0.001%$1.52B$2.59B500xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,727.1−0.005%$30K$20K20xas long as short
Binance ETHUSDT+0.0090%8h2,727.8+0.022%$6.32B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,728+0.028%$112.0M$434.1M50xas long as short
Lighter RH ETHshort+0.0096%1h2,729.5+0.083%$23.4M$103.0M50x
Katana Perps ETH-USD+0.0100%8h2,727.8+0.022%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731+0.141%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9+0.026%$14.1M$105.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.7+0.093%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728+0.029%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.7−0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.3+0.041%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.003%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.3+0.005%$3.29B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727−0.006%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.3+0.005%$15.0M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,724.8−0.089%$133.4M$324.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.6−0.057%$184.8M$681.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.7−0.018%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726−0.044%$21.0M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.3+0.039%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.8+0.059%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,727.3+0.003%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.7+0.018%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3+0.003%$40.9M$30.3M15xas long as short
Phemex ETHUSDT+0.0100%8h2,727.9+0.025%$262.9M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,726.3−0.033%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.9−0.048%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,729.2+0.072%$50.0M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.2+0.037%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,729.8+0.096%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0191%1h2,726.5−0.025%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.1+0.034%$82.4M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,726.1−0.039%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,727.9+0.025%$281.9M$175.4M150xas long as short