Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.013%
Price spread now: Lighter against Extended+0.078%7-day average +0.218% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)+0.278%+$28 · spread now +0.078%, 7d avg +0.218%
=Together, before fees+0.374%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$37 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 0.140% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.218%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETHFI-USD | 0.7216 | 0.0104 | pay 0.0013% / 1h | 45m 27s | $101K | $488K | 10x |
| Short | Lighter ETHFI | 0.7222 | 0.0096 | get 0.0012% / 1h | 45m 27s | $1.1M | $884K | 5x |
Extended ETHFI-USD
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.078% → +0.218%
- −$14.05
- Slippage, 4 orders
- −$107.11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$127.84
- Costs to cover
- 1.121%
- Break-even
- never at this rate
Slippage from Extended: live order book, 42 min ago; Lighter: live order book, just now.
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 Extended live order book, 42 min ago | 2.13 bp | 17.2 bp −$17 | 159.0 bp −$1,590 | doesn't fit | doesn't fit |
| Sell Lighter live order book, just now | 11.14 bp | 41.5 bp −$41 | 98.9 bp −$989 | 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 | −0.0719% | 1h | 0.7217 | +0.008% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0211% | 1h | 0.7227 | +0.154% | $281K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0151% | 4h | 0.7215 | −0.019% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0115% | 4h | 0.7211 | −0.075% | $84K | $151K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0002% | 4h | 0.7217 | +0.008% | $6.2M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.327% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0042% | 8h | 0.7217 | +0.004% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0077% | 4h | 0.7225 | +0.113% | $1.1M | $709K | — | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7222 | +0.078% | $1.1M | $884K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7230 | +0.187% | $19.7M | $7.4M | 5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Hyperliquid ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7220 | +0.043% | $184K | $238K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7218 | +0.017% | $25.5M | $35.5M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7222 | +0.078% | $18.6M | $12.3M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7220 | +0.050% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7222 | +0.078% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7218 | +0.022% | $15.3M | $3.6M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7219 | +0.036% | $1.2M | $269K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7219 | +0.036% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7231 | +0.198% | $57K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7219 | +0.036% | $2K | $1.0M | 20x | as long as short |
| Extended ETHFI-USDlong | +0.0104% | 1h | 0.7216 | long leg | $101K | $488K | 10x | |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7211 | −0.071% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7268 | +0.715% | $32K | $9K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7212 | −0.061% | $1.3M | $289K | 75x | as long as short |
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT