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
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
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.7065 | 0.0100 | pay 0.0050% / 4h | 28m 43s | $24.6M | $35.3M | 75x |
| Short | Lighter ETHFI | 0.7076 | 0.0096 | get 0.0012% / 1h | 28m 43s | $1.1M | $879K | 5x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 13 min ago | 1.42 bp | 13.3 bp −$13 | 29.0 bp −$290 | 167.0 bp −$16.7K | doesn't fit |
| Sell Lighter live order book, 2 min ago | 6.91 bp | 40.4 bp −$40 | 111.6 bp −$1,116 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0456% | 1h | 0.7081 | +0.226% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0269% | 4h | 0.7056 | −0.127% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0220% | 4h | 0.7079 | +0.198% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.477% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7084 | +0.269% | $265K | $209K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0053% | 8h | 0.7069 | +0.063% | $6K | — | 5x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7076 | +0.149% | $1.1M | $879K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7069 | +0.059% | $17.5M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7074 | +0.126% | $181K | $262K | 10x | as long as short |
| Binance ETHFIUSDTlong | +0.0100% | 4h | 0.7065 | long leg | $24.6M | $35.3M | 75x |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7074 | +0.127% | $17.7M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7076 | +0.156% | $5.1M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7075 | +0.142% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7067 | +0.028% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7077 | +0.170% | $1.2M | $244K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7064 | −0.014% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7066 | +0.014% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7066 | +0.018% | $977K | $708K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7095 | +0.430% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7084 | +0.269% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7065 | 0.000% | $97K | $382K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7077 | +0.164% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7081 | +0.226% | $1.2M | $249K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7090 | +0.354% | $31K | $6K | 50x | as long as short |
Binance ETHFIUSDT
Lighter ETHFI
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX