Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.046%
Price spread now: BloFin against Lighter−0.208%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.208%, 7d avg −0.149%
=Together, before fees+0.427%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.059% cheaper against Lighter than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.149%). If the spread goes back, that is −$6 on $10k: about 17 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.376% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7198 | 0.0096 | pay 0.0012% / 1h | 39m 05s | $1.1M | $894K | 5x |
| Short | BloFin ETHFI-USDT | 0.7183 | 0.0108 | get 0.0054% / 4h | 3h 39m | $1.3M | $277K | 75x |
Lighter ETHFI
BloFin ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.47
- Price spread: −0.208% → −0.149%
- −$5.92
- Slippage, 4 orders
- −$73.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.5
- Costs to cover
- 0.850%
- Break-even
- 257.9 days
Slippage from Lighter: live order book, 2 min ago; BloFin: 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, 2 min ago | 12.35 bp | 14.0 bp −$14 | 89.9 bp −$899 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.39 bp | 11.7 bp −$12 | 27.3 bp −$273 | 78.7 bp −$7,873 | 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 | −0.0858% | 4h | 0.7168 | −0.417% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7191 | −0.097% | $41K | $14K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7188 | −0.139% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0185% | 4h | 0.7186 | −0.167% | $18.2M | $13.1M | 25x | as long as short |
| Variational Omni ETHFI | −0.0057% | 4h | 0.7188 | −0.134% | $1.0M | $744K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0041% | 8h | 0.7189 | −0.124% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7186 | −0.166% | $97K | $621K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0026% | 4h | 0.7182 | −0.222% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0027% | 4h | 0.7184 | −0.194% | $25.1M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.583% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7185 | −0.181% | $9K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7198 | long leg | $1.1M | $894K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7194 | −0.063% | $18.0M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7193 | −0.066% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7190 | −0.111% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7190 | −0.111% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7191 | −0.097% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7182 | −0.222% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7186 | −0.167% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7190 | −0.110% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7194 | −0.056% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0108% | 4h | 0.7183 | −0.208% | $1.3M | $277K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.542% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7199 | +0.017% | $273K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD