Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.007%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 7 days−0.234%−$23 · spread now +0.007%, 7d avg +0.005%
Together, before fees−0.216%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.70180.0100pay 0.0013% / 1h0m 44s$17.0M$8.5M5x
ShortLighter ETHFI0.70190.0096get 0.0012% / 1h0m 44s$1.1M$831K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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

Funding earned
−$0.84
Price spread: +0.007% → +0.005%
$0.19
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$9.65
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Lighter: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago0.07 bp9.9 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago9.43 bp31.3 bp −$31106.5 bp −$1,065doesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0461%1h0.7025+0.095%$41K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0406%1h0.7044+0.371%$290K$288K20xas long as short
HTX ETHFI-USDT−0.0339%4h0.7017−0.019%$81K$171K20xas long as short
Orderly PERP_ETHFI_USDC−0.0268%4h0.7021+0.038%$16K$1K10xas long as short
Variational Omni ETHFI−0.0159%4h0.7023+0.070%$931K$782Kas long as short
Bybit ETHFIUSDT−0.0097%4h0.7019+0.010%$17.5M$13.0M25xas long as short
Binance ETHFIUSDT−0.0034%4h0.7015−0.047%$24.4M$35.8M75xas long as short
Extended ETHFI-USD−0.0032%1h0.7013−0.076%$97K$504K10xas long as short
MEXC ETHFI_USDT−0.0032%4h0.7013−0.076%$15.7M$4.2M125xas long as short
Paradex ETHFI-USD-PERP−0.0012%8h0.7014−0.060%$6K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETHFI/USDC PERP+0.0033%1h0.7240+3.159%$321$51K5.5xas long as short
Aevo ETHFI-PERP+0.0072%1h0.7020+0.024%$8K3xas long as short
Lighter ETHFIshort+0.0096%1h0.7019+0.007%$1.1M$831K5x
Aster ETHFIUSDT+0.0097%4h0.7022+0.054%$179K$261K10xas long as short
Hyperliquid ETHFIlong+0.0100%1h0.7018long leg$17.0M$8.5M5x
OKX ETHFI-USDT-SWAP+0.0100%4h0.7019+0.010%$5.1M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7022+0.053%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7023+0.067%$1.2M$228K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7015−0.047%$6.1M$5.0M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7014−0.061%$8.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7024+0.084%$63K$127K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7027+0.124%$1K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0206%4h0.7018−0.004%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0376%1h0.7066+0.680%$32K$6K50xas long as short