Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%
Price spread now: Gate against Lighter+0.052%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 7 days−0.116%−$12 · spread now +0.052%, 7d avg −0.096%
=Together, before fees−0.290%+ Points / potential airdropLighter: Season 3 · farm board−$29 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: Gate is 0.148% dearer against Lighter than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7174 | 0.0096 | pay 0.0012% / 1h | 8m 54s | $1.1M | $888K | 5x |
| Short | Gate ETHFI_USDT | 0.7178 | 0.0100 | get 0.0050% / 4h | 2h 08m | $1.7M | $2.0M | 75x |
Lighter ETHFI
Gate ETHFI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.052% → −0.096%
- $14.77
- Slippage, 4 orders
- −$83.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$82.55
- Costs to cover
- 0.982%
- Break-even
- 695.0 days
Slippage from Lighter: live order book, 2 min ago; Gate: live order book, 4 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 | 9.17 bp | 16.2 bp −$16 | 83.1 bp −$831 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.08 bp | 27.5 bp −$28 | 192.0 bp −$1,920 | doesn't fit | doesn't fit |
ETHFI on 23 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 | −0.0447% | 1h | 0.7168 | −0.088% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7164 | −0.144% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0137% | 4h | 0.7167 | −0.102% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFI | +0.0012% | 4h | 0.7203 | +0.396% | $1.1M | $717K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.916% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0060% | 8h | 0.7167 | −0.102% | $6K | — | 5x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7174 | long leg | $1.1M | $888K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7175 | +0.008% | $18.0M | $8.0M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7172 | −0.036% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7173 | −0.018% | $24.9M | $36.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7174 | −0.004% | $18.1M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7180 | +0.079% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDTshort | +0.0100% | 4h | 0.7178 | +0.052% | $1.7M | $2.0M | 75x | |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7175 | +0.010% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7169 | −0.074% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7170 | −0.060% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7175 | +0.010% | — | $26.0M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7183 | +0.120% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7167 | −0.102% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7168 | −0.085% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7165 | −0.130% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.097% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7178 | +0.048% | $275K | $186K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD