Funding you earn now, next payment 04:00 UTC+0.0506%/8h= +55.5% APRpaid last 24h +0.053%
Price spread now: Lighter against HTX+0.473%7-day average +0.269% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.473%, 7d avg +0.269%
=Together, before fees+0.072%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter is 0.205% dearer against HTX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.269%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ETHFI-USDT | 0.7014 | −0.0410 | get 0.0205% / 4h | 3m 50s | $87K | $168K | 20x |
| Short | Lighter ETHFI | 0.7047 | 0.0096 | get 0.0012% / 1h | 3m 50s | $1.1M | $883K | 5x |
HTX ETHFI-USDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $106.35
- Price spread: +0.473% → +0.269%
- $20.45
- Slippage, 4 orders
- −$116.1
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.29
- Costs to cover
- 1.281%
- Break-even
- 7.1 days
Slippage from HTX: live order book, 52 min ago; Lighter: live order book, 2 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 HTX live order book, 52 min ago | 14.86 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 8.60 bp | 37.7 bp −$38 | 102.2 bp −$1,022 | 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 | −0.0461% | 1h | 0.7032 | +0.257% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDTlong | −0.0410% | 4h | 0.7014 | long leg | $87K | $168K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0235% | 4h | 0.7027 | +0.185% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0001% | 8h | 0.7020 | +0.082% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.222% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7035 | +0.296% | $263K | $209K | 20x | as long as short |
| Variational Omni ETHFI | +0.0072% | 4h | 0.7029 | +0.218% | $981K | $706K | — | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7047 | +0.473% | $1.1M | $883K | 5x | |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7033 | +0.270% | $95K | $381K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0098% | 4h | 0.7039 | +0.358% | $24.4M | $35.1M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7044 | +0.428% | $17.4M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7042 | +0.402% | $180K | $264K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7036 | +0.314% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7047 | +0.470% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7036 | +0.314% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7032 | +0.257% | $15.8M | $4.1M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7032 | +0.257% | $1.2M | $232K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7035 | +0.299% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7036 | +0.314% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7038 | +0.339% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7036 | +0.314% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7026 | +0.169% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7026 | +0.171% | $1.2M | $246K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +1.169% | $31K | $6K | 50x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
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
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX