Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.046%
Price spread now: Lighter against BloFin+0.289%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.289%, 7d avg +0.149%
=Together, before fees−0.508%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.140% dearer against BloFin than usual: you sell high and buy low (spread +0.289% now, against its 7-day average of +0.149%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.7134 | 0.0340 | pay 0.0170% / 4h | 2h 50m | $1.3M | $260K | 75x |
| Short | Lighter ETHFI | 0.7155 | 0.0096 | get 0.0012% / 1h | 50m 21s | $1.1M | $887K | 5x |
BloFin ETHFI-USDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$51.24
- Price spread: +0.289% → +0.149%
- $13.96
- Slippage, 4 orders
- −$92.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$141.36
- Costs to cover
- 1.041%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Lighter: live order book, 11 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 BloFin live order book, 2 min ago | 5.61 bp | 14.3 bp −$14 | 27.6 bp −$276 | 102.9 bp −$10.3K | doesn't fit |
| Sell Lighter live order book, 11 min ago | 13.64 bp | 41.7 bp −$42 | 109.3 bp −$1,093 | 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 | −0.0423% | 4h | 0.7135 | +0.014% | $88K | $169K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7153 | +0.266% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0211% | 4h | 0.7148 | +0.196% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0006% | 4h | 0.7135 | +0.013% | $1.0M | $721K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.486% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0038% | 8h | 0.7145 | +0.156% | $6K | — | 5x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7155 | +0.289% | $1.1M | $887K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7152 | +0.251% | $17.9M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7154 | +0.283% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7144 | +0.137% | $24.9M | $36.6M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7149 | +0.210% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7155 | +0.294% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7150 | +0.224% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7148 | +0.196% | $15.1M | $3.8M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7148 | +0.196% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7146 | +0.168% | $6.1M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7147 | +0.182% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7150 | +0.221% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7147 | +0.182% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7147 | +0.186% | $98K | $389K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7149 | +0.207% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | +0.280% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0227% | 1h | 0.7154 | +0.274% | $271K | $174K | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0340% | 4h | 0.7134 | long leg | $1.3M | $260K | 75x |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD