ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.064%

Price spread now: Lighter against Coinbase International−0.515%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.515% cheaper against Coinbase International than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7237	0.0216	pay 0.0027% / 1h	28m 29s	$32K	$6K	50x
Short	Lighter ETHFI	0.7200	0.0096	get 0.0012% / 1h	28m 29s	$1.1M	$897K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.515%Rate

Funding earned: −$25.2
Price spread: −0.515% → 0.000%: −$51.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$86.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	7.64 bp	35.3 bp −$35	96.7 bp −$967	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0334%	4h	0.7172	−0.898%	$83K	$164K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0306%	1h	0.7193	−0.608%	$42K	$18K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0189%	4h	0.7187	−0.691%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	+0.0017%	8h	0.7186	−0.710%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.041%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDT	+0.0036%	4h	0.7185	−0.719%	$15.2M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0036%	4h	0.7185	−0.717%	$25.0M	$37.2M	75x	as long as short
Extended ETHFI-USD	+0.0040%	1h	0.7186	−0.711%	$93K	$493K	10x	as long as short
Aster ETHFIUSDT	+0.0065%	4h	0.7195	−0.577%	$184K	$262K	10x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7187	−0.696%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ETHFIshort	+0.0096%	1h	0.7200	−0.515%	$1.1M	$897K	5x
Hyperliquid ETHFI	+0.0100%	1h	0.7200	−0.514%	$18.2M	$8.9M	5x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7188	−0.677%	$18.2M	$13.1M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7192	−0.622%	$5.0M	$12.6M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7189	−0.663%	$1.7M	$2.1M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7187	−0.691%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7184	−0.732%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7186	−0.705%	—	$26.1M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7193	−0.613%	$1.1M	$738K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7190	−0.644%	$60K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7188	−0.677%	$1K	$1.1M	20x	as long as short
BloFin ETHFI-USDT	+0.0150%	4h	0.7186	−0.705%	$1.3M	$288K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0216%	1h	0.7237	long leg	$32K	$6K	50x
Kraken Futures PF_ETHFIUSD	+0.0550%	1h	0.7200	−0.510%	$277K	$161K	20x	as long as short