Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter RH against 01 Exchange+0.046%7-day average +0.031% · 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−$14as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 4 days (all we have)+0.060%+$6 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.046%, 7d avg +0.031%
=Together, before fees+0.033%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ETHUSD | 2,729 | 0.0048 | pay 0.0006% / 1h | 11m 35s | $187K | $814K | 50x |
| Short | Lighter RH ETH | 2,730.3 | 0.0096 | get 0.0012% / 1h | 11m 35s | $23.4M | $104.7M | 50x |
01 Exchange ETHUSD
Lighter RH ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.08
- Price spread: +0.046% → +0.031%
- $1.48
- Slippage, 4 orders
- −$8.41
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.85
- Costs to cover
- 0.154%
- Break-even
- 9.7 days
Slippage from 01 Exchange: live order book, 43 min ago; Lighter RH: live order book, 3 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, 43 min ago | 0.18 bp | 5.7 bp −$6 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.79 bp | 2.5 bp −$3 | 3.5 bp −$35 | 11.8 bp −$1,185 | 53.5 bp −$26.7K |
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 | −0.0335% | 43m | 2,728.4 | −0.023% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,729.1 | +0.004% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0017% | 8h | 2,727.1 | −0.068% | $1.05B | $1.20B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,727.8 | −0.045% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,729 | 0.000% | $816K | $2.9M | 25x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,728.6 | −0.015% | $6.2M | $686.2M | 4.9x | as long as short |
| dYdX ETH-USD | +0.0006% | 1h | 2,728.1 | −0.032% | $10.7M | $42.1M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,728 | −0.038% | $28.0M | — | 200x | as long as short |
| BingX ETH-USDC | +0.0027% | 8h | 2,727.8 | −0.043% | — | $18.4M | — | as long as short |
| Bullet ETH-USD | +0.0032% | 1h | 2,727.1 | −0.070% | $177K | $1.7M | 20x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
Kalshi KXETHPERP
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
BingX ETH-USDC
Bullet ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0036% | 8h | 2,727.7 | −0.049% | $2.36B | $4.38B | 150x | as long as short |
| 01 Exchange ETHUSDlong | +0.0048% | 1h | 2,729 | long leg | $187K | $814K | 50x | |
| SunX ETH-USDT | +0.0061% | 8h | 2,727.6 | −0.051% | $957K | $11.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0067% | 8h | 2,728.4 | −0.022% | $377.8M | $575.1M | 100x | as long as short |
| Deribit ETH-PERPETUAL | +0.0073% | 1h | 2,728.9 | −0.005% | $258.6M | $202.5M | 50x | as long as short |
| OKX ETH-USDT-SWAP | +0.0079% | 8h | 2,727.9 | −0.041% | $1.67B | $10.73B | 100x | as long as short |
| Aster ETHUSDT | +0.0079% | 8h | 2,728.1 | −0.032% | $250.7M | $840.3M | 200x | as long as short |
| Aevo ETH-PERP | +0.0080% | 1h | 2,725.3 | −0.136% | $4.9M | $155K | 20x | as long as short |
| MEXC ETH_USDT | +0.0086% | 8h | 2,728.4 | −0.021% | $1.56B | $2.58B | 500x | as long as short |
| Binance ETHUSDT | +0.0086% | 8h | 2,727.8 | −0.043% | $6.32B | $15.94B | 150x | as long as short |
| Phemex ETHUSDT | +0.0087% | 8h | 2,727.7 | −0.049% | $264.3M | $64.8M | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0087% | 1h | 2,728 | −0.035% | $8.7M | $31.2M | 100x | as long as short |
| SoDEX ETH-USD | +0.0088% | 1h | 2,727.7 | −0.048% | $54.3M | $187.8M | 40x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,729 | 0.000% | $112.3M | $435.3M | 50x | as long as short |
| Lighter RH ETHshort | +0.0096% | 1h | 2,730.3 | +0.046% | $23.4M | $104.7M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,728.4 | −0.021% | — | $31.0M | 500x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,730.8 | +0.066% | $117K | $22.5M | 52x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,727.7 | −0.048% | $497K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,730.2 | +0.043% | $15.5M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,727.9 | −0.042% | $13.9M | $104.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,730.9 | +0.070% | $3.09B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,729.5 | +0.016% | $31.9M | $334.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,728.1 | −0.033% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,729.1 | +0.005% | $1.5M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,728.2 | −0.029% | $167.8M | $301.9M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,728.5 | −0.020% | $3.34B | $8.95B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,727.7 | −0.047% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.6 | −0.050% | $14.9M | $41.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,728.8 | −0.007% | $134.7M | $323.0M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,728.1 | −0.033% | $183.5M | $671.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,728.8 | −0.009% | $158.8M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,728.9 | −0.004% | $21.0M | $71.3M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,729.1 | +0.004% | $11.2M | $9.4M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,728.2 | −0.030% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,729.5 | +0.020% | $40.9M | $29.9M | 15x | as long as short |
| Aftermath Perps ETHUSD | +0.0100% | 1h | 2,730 | +0.037% | $30K | $20K | 20x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,729 | −0.001% | — | $845K | 50x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,727.7 | −0.049% | $30.5M | $73.5M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,728.9 | −0.004% | $5.6M | $11.7M | 25x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,728.9 | −0.005% | $50.5M | $4.28B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,728.5 | −0.020% | $83.5M | $315.9M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0191% | 8h | 2,730 | +0.037% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0208% | 1h | 2,727 | −0.072% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,729.8 | +0.031% | $247K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0347% | 8h | 2,728.2 | −0.029% | $282.3M | $174.6M | 150x | as long as short |
Bybit ETHUSDT
SunX ETH-USDT
KuCoin ETHUSDTM
Deribit ETH-PERPETUAL
OKX ETH-USDT-SWAP
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Phemex ETHUSDT
ApeX Omni ETHUSDT
SoDEX ETH-USD
Lighter ETH
Jupiter Perps ETH-PERP
Injective ETH/USDC PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Aftermath Perps ETHUSD
Vest ETH-PERP
Extended ETH-USD
RISEx ETH/USDC
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT