Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%
Price spread now: BingX against Lighter−0.081%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1261.260% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.081%, 7d avg −0.116%
=Together, before fees−0.168%+ Points / potential airdropLighter: Season 3 · farm board−$17 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: BingX is 0.035% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7199 | 0.0096 | pay 0.0012% / 1h | 30m 02s | $1.1M | $897K | 5x |
| Short | BingX ETHFI-USDC | 0.7193 | 0.0100 | get 0.0050% / 4h | 30m 02s | — | $1.2M | — |
Lighter ETHFI
BingX ETHFI-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $0.84
- Price spread: −0.081% → −0.116%
- $3.53
- Slippage, 4 orders
- −$116.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$121.67
- Costs to cover
- 1.260%
- Break-even
- 1020.9 days
Slippage from Lighter: live order book, 1 min ago; BingX: 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, 1 min ago | 7.64 bp | 33.6 bp −$34 | 120.0 bp −$1,200 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 2.08 bp | 30.4 bp −$30 | 96.1 bp −$961 | 592.2 bp −$59.2K | 759.8 bp −$379.9K |
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 | 0.7181 | −0.247% | $83K | $164K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7190 | −0.122% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0190% | 4h | 0.7186 | −0.178% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0022% | 8h | 0.7183 | −0.215% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.572% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7184 | −0.211% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0040% | 4h | 0.7185 | −0.192% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0042% | 4h | 0.7185 | −0.192% | $25.0M | $37.2M | 75x | as long as short |
| Aster ETHFIUSDT | +0.0062% | 4h | 0.7196 | −0.042% | $184K | $262K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7184 | −0.199% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
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 | 0.7199 | long leg | $1.1M | $897K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7199 | +0.001% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7184 | −0.206% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7188 | −0.150% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7190 | −0.122% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7192 | −0.094% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7183 | −0.219% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDCshort | +0.0100% | 4h | 0.7193 | −0.081% | — | $1.2M | — | |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7193 | −0.085% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7193 | −0.086% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7189 | −0.136% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0166% | 4h | 0.7193 | −0.081% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.531% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7199 | +0.001% | $277K | $161K | 20x | as long as short |
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD