Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.017%
Price spread now: Lighter against Binance+0.149%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 7 days−0.013%−$1 · spread now +0.149%, 7d avg +0.153%
Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHFIUSDT0.70650.0100pay 0.0050% / 4h28m 43s$24.6M$35.3M75x
ShortLighter ETHFI0.70760.0096get 0.0012% / 1h28m 43s$1.1M$879K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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: +0.149% → +0.153%
−$0.4
Slippage, 4 orders
−$90.92
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$102.15
Costs to cover
1.009%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 2 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 Binance live order book, 13 min ago1.42 bp13.3 bp −$1329.0 bp −$290167.0 bp −$16.7Kdoesn't fit
Sell Lighter live order book, 2 min ago6.91 bp40.4 bp −$40111.6 bp −$1,116doesn't fitdoesn't fit

ETHFI on 24 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
Deribit ETHFI_USDC-PERPETUAL−0.0456%1h0.7081+0.226%$40K$12K10xas long as short
HTX ETHFI-USDT−0.0269%4h0.7056−0.127%$87K$168K20xas long as short
Orderly PERP_ETHFI_USDC−0.0220%4h0.7079+0.198%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.477%$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD+0.0044%1h0.7084+0.269%$265K$209K20xas long as short
Paradex ETHFI-USD-PERP+0.0053%8h0.7069+0.063%$6K5xas long as short
Lighter ETHFIshort+0.0096%1h0.7076+0.149%$1.1M$879K5x
Hyperliquid ETHFI+0.0100%1h0.7069+0.059%$17.5M$8.0M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7074+0.126%$181K$262K10xas long as short
Binance ETHFIUSDTlong+0.0100%4h0.7065long leg$24.6M$35.3M75x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7074+0.127%$17.7M$12.6M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7076+0.156%$5.1M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7075+0.142%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7067+0.028%$15.7M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7077+0.170%$1.2M$244K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7064−0.014%$6.1M$5.2M75xas long as short
BingX ETHFI-USDC+0.0100%4h0.7066+0.014%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7066+0.018%$977K$708Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7095+0.430%$71K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7084+0.269%$1K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.70650.000%$97K$382K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7077+0.164%$8K3xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7081+0.226%$1.2M$249K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0624%1h0.7090+0.354%$31K$6K50xas long as short