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

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%
Price spread now: Lighter against BingX+0.102%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.184%+$18 on $10k
Price spread, last 7 days+0.018%+$2 · spread now +0.102%, 7d avg +0.118%
Together, before fees+0.202%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETHFI-USDC0.71740.0100pay 0.0050% / 4h2h 08m$1.2M
ShortLighter ETHFI0.71810.0096get 0.0012% / 1h8m 10s$1.1M$888K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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: +0.102% → +0.118%
−$1.59
Slippage, 4 orders
−$87.69
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$100.13
Costs to cover
0.977%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Lighter: live order book, 3 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 BingX live order book, 2 min ago2.09 bp26.5 bp −$2691.4 bp −$914532.6 bp −$53.3K720.3 bp −$360.1K
Sell Lighter live order book, 3 min ago9.17 bp26.7 bp −$2791.8 bp −$918doesn't fitdoesn't fit

ETHFI on 23 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−0.0307%1h0.7177+0.042%$41K$13K10xas long as short
Orderly PERP_ETHFI_USDC−0.0203%4h0.7172−0.028%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0124%4h0.7172−0.028%$88K$168K20xas long as short
Variational Omni ETHFI+0.0012%4h0.7203+0.401%$1.1M$717Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.920%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0061%8h0.7171−0.043%$6K5xas long as short
Lighter ETHFIshort+0.0096%1h0.7181+0.102%$1.1M$888K5x
Hyperliquid ETHFI+0.0100%1h0.7175+0.014%$18.0M$8.1M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7183+0.120%$183K$258K10xas long as short
Binance ETHFIUSDT+0.0100%4h0.7169−0.064%$24.9M$36.0M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHFIUSDT+0.0100%4h0.7173−0.014%$18.1M$12.5M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7176+0.028%$5.0M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7175+0.014%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7172−0.028%$15.5M$4.0M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7170−0.056%$1.2M$256K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7172−0.028%$6.1M$5.3M75xas long as short
BingX ETHFI-USDClong+0.0100%4h0.7174long leg$1.2M
Polymarket Perps ETHFI-USD+0.0100%1h0.7198+0.340%$72K$118K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.71740.000%$2K$1.1M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7171−0.045%$97K$376K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7171−0.041%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0160%1h0.7253+1.101%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0226%1h0.7181+0.092%$275K$187K20xas long as short