Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −6.0% APRpaid last 24h −0.014%
Price spread now: Binance against Lighter−0.183%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.183%, 7d avg −0.151%
=Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7206 | 0.0096 | pay 0.0012% / 1h | 31m 33s | $1.1M | $897K | 5x |
| Short | Binance ETHFIUSDT | 0.7193 | 0.0042 | get 0.0021% / 4h | 31m 33s | $25.1M | $37.2M | 75x |
Lighter ETHFI
Binance ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$11.42
- Price spread: −0.183% → −0.151%
- −$3.19
- Slippage, 4 orders
- −$91.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$115.62
- Costs to cover
- 1.010%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 10 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 Lighter live order book, 4 min ago | 7.57 bp | 32.5 bp −$32 | 117.6 bp −$1,176 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.69 bp | 14.3 bp −$14 | 35.0 bp −$350 | 134.3 bp −$13.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0332% | 4h | 0.7176 | −0.419% | $83K | $164K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0190% | 4h | 0.7197 | −0.128% | $16K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0166% | 1h | 0.7201 | −0.072% | $42K | $18K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0026% | 8h | 0.7192 | −0.195% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.469% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0038% | 4h | 0.7194 | −0.169% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7193 | −0.180% | $93K | $493K | 10x | as long as short |
| Binance ETHFIUSDTshort | +0.0042% | 4h | 0.7193 | −0.183% | $25.1M | $37.2M | 75x | |
| Aster ETHFIUSDT | +0.0059% | 4h | 0.7202 | −0.054% | $184K | $262K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7195 | −0.155% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUAL
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Extended ETHFI-USD
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIlong | +0.0096% | 1h | 0.7206 | long leg | $1.1M | $897K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7206 | +0.003% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7195 | −0.155% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7198 | −0.114% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7197 | −0.128% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7195 | −0.155% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7195 | −0.155% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7197 | −0.128% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7192 | −0.202% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7197 | −0.125% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7199 | −0.100% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0149% | 4h | 0.7196 | −0.142% | $1.3M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.427% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7204 | −0.032% | $277K | $161K | 20x | as long as short |
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD