Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%
Price spread now: Bitget against Lighter−0.212%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1101.103% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.212%, 7d avg −0.135%
=Together, before fees−0.089%+ 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: Bitget is 0.076% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7088 | 0.0096 | pay 0.0012% / 1h | 55m 37s | $1.1M | $887K | 5x |
| Short | Bitget ETHFIUSDT | 0.7073 | 0.0100 | get 0.0050% / 4h | 2h 55m | $6.0M | $5.5M | 75x |
Lighter ETHFI
Bitget ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.212% → −0.135%
- −$7.65
- Slippage, 4 orders
- −$98.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$117.1
- Costs to cover
- 1.103%
- Break-even
- 982.9 days
Slippage from Lighter: live order book, 5 min ago; Bitget: live order book, 3 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, 5 min ago | 13.64 bp | 31.8 bp −$32 | 113.5 bp −$1,135 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.81 bp | 19.9 bp −$20 | 43.2 bp −$432 | 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 | −0.127% | $40K | $13K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0384% | 4h | 0.7060 | −0.395% | $82K | $159K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0212% | 4h | 0.7076 | −0.169% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0021% | 4h | 0.7074 | −0.199% | $1.0M | $721K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0031% | 8h | 0.7080 | −0.115% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.144% | $321 | $51K | 5.5x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7088 | long leg | $1.1M | $887K | 5x | |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7080 | −0.117% | $97K | $389K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0098% | 4h | 0.7084 | −0.056% | $15.0M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0099% | 4h | 0.7067 | −0.290% | $24.6M | $36.5M | 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 | 0.7091 | +0.042% | $17.8M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7077 | −0.160% | $181K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7069 | −0.268% | $17.8M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7076 | −0.169% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7082 | −0.085% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7077 | −0.155% | $1.2M | $259K | 50x | as long as short |
| Bitget ETHFIUSDTshort | +0.0100% | 4h | 0.7073 | −0.212% | $6.0M | $5.5M | 75x | |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7079 | −0.127% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7083 | −0.073% | $70K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7084 | −0.056% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7079 | −0.129% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7154 | +0.931% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0229% | 1h | 0.7084 | −0.059% | $269K | $170K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0339% | 4h | 0.7116 | +0.395% | $1.3M | $260K | 75x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT