Funding you earn now, next payment 07:00 UTC−0.0514%/8h= −56.3% APRpaid last 24h −0.077%
Price spread now: HTX against Lighter−0.281%7-day average −0.269% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1141.138% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.281%, 7d avg −0.269%
=Together, before fees−0.244%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.269%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.253% in total (about -13.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.6974 | 0.0096 | pay 0.0012% / 1h | 6m 38s | $1.1M | $832K | 5x |
| Short | HTX ETHFI-USDT | 0.6954 | −0.0418 | pay 0.0209% / 4h | 1h 06m | $83K | $174K | 20x |
Lighter ETHFI
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$107.96
- Price spread: −0.281% → −0.269%
- −$1.2
- Slippage, 4 orders
- −$101.76
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$222.92
- Costs to cover
- 1.138%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; HTX: live order book, 35 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 | 7.53 bp | 8.5 bp −$8 | 104.2 bp −$1,042 | doesn't fit | doesn't fit |
| Sell HTX live order book, 35 min ago | 10.81 bp | 24.4 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDTshort | −0.0418% | 4h | 0.6954 | −0.281% | $83K | $174K | 20x | |
| Deribit ETHFI_USDC-PERPETUAL | −0.0323% | 1h | 0.6973 | −0.009% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0280% | 4h | 0.6968 | −0.080% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0131% | 4h | 0.6964 | −0.135% | $916K | $785K | — | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6966 | −0.111% | $95K | $505K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0012% | 8h | 0.6967 | −0.089% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6966 | −0.109% | $15.9M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0011% | 4h | 0.6968 | −0.080% | $24.2M | $36.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.820% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0049% | 4h | 0.6971 | −0.037% | $17.3M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6967 | −0.094% | $8K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.6974 | long leg | $1.1M | $832K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6971 | −0.037% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6973 | −0.013% | $178K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6977 | +0.049% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6972 | −0.023% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6962 | −0.166% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6968 | −0.080% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6972 | −0.023% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6955 | −0.267% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6950 | −0.338% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0228% | 4h | 0.6943 | −0.439% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.063% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1684% | 1h | 0.6987 | +0.187% | $292K | $295K | 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-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD