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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX−0.027%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Long on SunXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.027%, 7d avg +0.048%
Together, before fees+0.031%+ Points / potential airdropLighter: Season 3 · 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 is 0.076% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,767.30.0100pay 0.0100% / 8h7h 19m$970K$13.1M100x
ShortLighter ETH2,766.50.0096get 0.0012% / 1h19m 31s$114.8M$458.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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: −0.027% → +0.048%
−$7.57
Slippage, 4 orders
−$40.04
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$56.45
Costs to cover
0.480%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; Lighter: 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 SunX live order book, 10 min ago2.96 bp15.8 bp −$1635.7 bp −$35739.9 bp −$3,99543.1 bp −$21.6K
Sell Lighter live order book, 5 min ago0.31 bp0.6 bp −$11.0 bp −$101.7 bp −$1704.3 bp −$2,168

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.347%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7−0.021%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.9+0.022%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2−0.003%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1−0.007%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.170%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8+0.019%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.9+0.057%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,768.1+0.028%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,767.7+0.016%$1.71B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0032%1h2,768.2+0.033%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.7+0.050%$12.7M—200xas long as short
Aster ETHUSDT+0.0047%8h2,767.2−0.005%$255.9M$884.9M200xas long as short
Gate ETH_USDT+0.0056%8h2,766.8−0.017%$3.37B$9.05B200xas long as short
MEXC ETH_USDT+0.0059%8h2,766−0.046%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,767−0.009%$6.47B$16.25B150xas long as short
Aevo ETH-PERP+0.0064%1h2,768.2+0.032%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.8+0.163%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,766.9−0.015%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.4+0.074%$60.3M$4.42B50xas long as short
Phemex ETHUSDT+0.0081%8h2,768.3+0.035%$269.4M$67.4M150xas long as short
Vest ETH-PERP+0.0082%1h2,768.3+0.035%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,766.9−0.015%$420.3M$619.7M100xas long as short
Lighter ETHshort+0.0096%1h2,766.5−0.027%$114.8M$458.5M50x
Lighter RH ETH+0.0096%1h2,768.1+0.029%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,769.7+0.086%$259.1M$204.6M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.033%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1+0.064%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9−0.014%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.010%$14.6M$113.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.7+0.051%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6+0.011%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.7+0.016%$2.51B$4.34B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1−0.043%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.30.000%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.201%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,765.6−0.060%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.6+0.009%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.045%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.029%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.053%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,768.8+0.055%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.018%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.074%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.4+0.112%$42.6M$28.9M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,767.3long leg$970K$13.1M100x
HTX ETH-USDT+0.0100%8h2,768+0.027%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,766−0.046%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.061%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.8+0.055%$8.0M$679.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.6+0.084%$96.0M$318.8M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.134%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.6+0.156%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.051%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,767.5+0.007%$7.3M$1.1M25xas long as short