Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%
Price spread now: Lighter against Bitget+0.110%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1441.442% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now +0.110%, 7d avg +0.135%
=Together, before fees+0.191%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7184 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $6.1M | $5.6M | 75x |
| Short | Lighter ETHFI | 0.7192 | 0.0096 | get 0.0012% / 1h | 19m 42s | $1.1M | $894K | 5x |
Bitget ETHFIUSDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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: +0.110% → +0.135%
- −$2.52
- Slippage, 4 orders
- −$132.16
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$147.52
- Costs to cover
- 1.442%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 1 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 Bitget live order book, 4 min ago | 1.39 bp | 15.4 bp −$15 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 8.21 bp | 51.7 bp −$52 | 112.2 bp −$1,122 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0838% | 4h | 0.7171 | −0.181% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0584% | 1h | 0.7191 | +0.097% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0204% | 4h | 0.7189 | +0.070% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0038% | 4h | 0.7177 | −0.093% | $1.0M | $725K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0008% | 8h | 0.7178 | −0.079% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.780% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0060% | 4h | 0.7188 | +0.056% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0062% | 4h | 0.7178 | −0.080% | $25.1M | $36.6M | 75x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7185 | +0.010% | $100K | $392K | 10x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7192 | +0.110% | $1.1M | $894K | 5x |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7187 | +0.047% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7192 | +0.111% | $18.0M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7192 | +0.109% | $184K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7182 | −0.028% | $18.2M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7188 | +0.056% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7186 | +0.028% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7185 | +0.014% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDTlong | +0.0100% | 4h | 0.7184 | long leg | $6.1M | $5.6M | 75x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7184 | 0.000% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7187 | +0.046% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7191 | +0.097% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.738% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7195 | +0.154% | $273K | $166K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0245% | 4h | 0.7185 | +0.014% | $1.3M | $272K | 75x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT