ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against 01 Exchange−0.027%7-day average +0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$120.117% of the position

Long on 01 Exchange Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.027%, 7d avg +0.008%

Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.035% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.008%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.053% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ETHUSD	2,779.4	−0.0032	get 0.0004% / 1h	58m 18s	$169K	$1.2M	50x
Short	Lighter ETH	2,778.7	0.0096	get 0.0012% / 1h	58m 18s	$115.3M	$491.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against 01 Exchange. 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 01 ExchangebpFee LighterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $26.88
Price spread: −0.027% → +0.008%: −$3.52
Slippage, 4 orders: −$4.69
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.67
Costs to cover: 0.117%
Break-even: 4.0 days

Slippage from 01 Exchange: live order book, 1 min ago; Lighter: live order book, 6 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 01 Exchange live order book, 1 min ago	0.18 bp	6.0 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.23 bp	0.5 bp −$1	0.6 bp −$6	1.5 bp −$148	4.9 bp −$2,442

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	2,778.5	−0.032%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,778.6	−0.030%	$5.7M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,777.3	−0.076%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778	−0.050%	$5K	$2K	50x	as long as short
01 Exchange ETHUSDlong	−0.0032%	1h	2,779.4	long leg	$169K	$1.2M	50x
Aftermath Perps ETHUSD	−0.0002%	1h	2,777.4	−0.072%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.9	−0.054%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,777.6	−0.065%	$881K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,779.8	+0.014%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0014%	8h	2,778.6	−0.029%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0018%	8h	2,779.2	−0.006%	$1.70B	$11.89B	100x	as long as short
Bullet ETH-USD	+0.0021%	1h	2,779	−0.015%	$181K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0022%	8h	2,777.1	−0.083%	$270.5M	$68.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,779.7	+0.010%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,778.9	−0.018%	$254.9M	$995.7M	200x	as long as short
Nado ETH-PERP	+0.0035%	1h	2,779.4	−0.001%	$14.3M	$118.2M	50x	as long as short
ApeX Omni ETHUSDT	+0.0058%	1h	2,777.6	−0.067%	$8.8M	$32.7M	100x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,779.2	−0.008%	$1.60B	$2.62B	500x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,779.1	−0.012%	$6.45B	$17.23B	150x	as long as short
Bitget ETHUSDT	+0.0064%	8h	2,778.9	−0.018%	$2.10B	$3.10B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,777.7	−0.060%	$5.0M	$636K	20x	as long as short
SoDEX ETH-USD	+0.0069%	1h	2,778.7	−0.025%	$55.3M	$229.0M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0070%	1h	2,780.5	+0.040%	$258.7M	$222.8M	50x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,779.5	+0.005%	$3.30B	$9.55B	200x	as long as short
HTX ETH-USDT	+0.0087%	8h	2,776.6	−0.100%	$1.08B	$1.32B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,780	+0.022%	$60.1M	$4.61B	50x	as long as short
Bybit ETHUSDT	+0.0091%	8h	2,779	−0.015%	$2.52B	$4.63B	150x	as long as short
KuCoin ETHUSDTM	+0.0092%	8h	2,779.2	−0.007%	$423.7M	$739.5M	100x	as long as short
Vest ETH-PERP	+0.0096%	1h	2,779.3	−0.002%	—	$1.1M	50x	as long as short
Lighter ETHshort	+0.0096%	1h	2,778.7	−0.027%	$115.3M	$491.9M	50x
Lighter RH ETH	+0.0096%	1h	2,779.3	−0.002%	$25.4M	$120.2M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,778.3	−0.040%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.2	−0.007%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,782.3	+0.104%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,779.1	−0.011%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.9	−0.054%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,780.1	+0.025%	$2.7M	$17.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,777.9	−0.052%	$168.1M	$250.4M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.7	−0.060%	$15.1M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,775.9	−0.125%	$147.5M	$336.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,777	−0.085%	$181.7M	$781.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.9	−0.090%	$161.5M	$90.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,778.5	−0.032%	$21.5M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,781.2	+0.065%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,779.7	+0.011%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,781.3	+0.070%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,779.2	−0.007%	$974K	$13.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778.2	−0.042%	$32.6M	$77.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,780.3	+0.032%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,780.1	+0.024%	$86.6M	$332.7M	100x	as long as short
Kalshi KXETHPERP	+0.0125%	8h	2,777.8	−0.058%	$8.3M	$681.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,782	+0.092%	$32.6M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,776.8	−0.094%	$285.0M	$195.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0196%	1h	2,779.7	+0.011%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0296%	1h	2,778.5	−0.031%	$270K	$1.5M	20x	as long as short