Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%
Price spread now: Lighter against Gate+0.184%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.184%, 7d avg +0.097%
=Together, before fees+0.091%+ Points / potential airdropLighter: Season 3 · farm board+$9 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 0.087% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETHFI_USDT | 0.7075 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $1.7M | $2.0M | 75x |
| Short | Lighter ETHFI | 0.7088 | 0.0096 | get 0.0012% / 1h | 55m 23s | $1.1M | $887K | 5x |
Gate ETHFI_USDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.184% → +0.097%
- $8.72
- Slippage, 4 orders
- −$112.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$119.2
- Costs to cover
- 1.271%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 5 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 Gate live order book, 2 min ago | 3.51 bp | 26.2 bp −$26 | 242.7 bp −$2,427 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0738% | 1h | 0.7079 | +0.057% | $40K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0384% | 4h | 0.7060 | −0.212% | $82K | $159K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0212% | 4h | 0.7072 | −0.042% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0021% | 4h | 0.7074 | −0.015% | $1.0M | $721K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0031% | 8h | 0.7080 | +0.069% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.332% | $321 | $51K | 5.5x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7088 | +0.184% | $1.1M | $887K | 5x | |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7080 | +0.067% | $97K | $389K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0098% | 4h | 0.7069 | −0.085% | $15.0M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0099% | 4h | 0.7075 | 0.000% | $24.7M | $36.6M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7075 | +0.001% | $17.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7078 | +0.049% | $181K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7077 | +0.028% | $17.8M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7080 | +0.071% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDTlong | +0.0100% | 4h | 0.7075 | long leg | $1.7M | $2.0M | 75x | |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7077 | +0.028% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7068 | −0.099% | $6.0M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7074 | −0.014% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7072 | −0.037% | $70K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7084 | +0.127% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7071 | −0.059% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | +1.117% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0229% | 1h | 0.7084 | +0.125% | $269K | $170K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0339% | 4h | 0.7116 | +0.580% | $1.3M | $260K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT