Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Hyperliquid against Lighter+0.003%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days−0.088%−$9 · spread now +0.003%, 7d avg −0.010%
Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.71590.0096pay 0.0012% / 1h15m 11s$1.1M$898K5x
ShortHyperliquid ETHFI0.71600.0100get 0.0013% / 1h15m 11s$18.1M$8.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: +0.003% → −0.010%
$1.25
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.91
Costs to cover
0.090%
Break-even
64.6 days
Slippage unknown: Lighter: live order book, 6 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago7.74 bp37.6 bp −$38112.4 bp −$1,124doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.77 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0449%1h0.7152−0.105%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0253%1h0.7165+0.082%$282K$147K20xas long as short
HTX ETHFI-USDT−0.0221%4h0.7137−0.314%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0186%4h0.7148−0.161%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0023%8h0.7146−0.190%$6K5xas long as short
Extended ETHFI-USD+0.0024%1h0.7146−0.188%$93K$493K10xas long as short
MEXC ETHFI_USDT+0.0026%4h0.7148−0.161%$15.1M$3.8M125xas long as short
Binance ETHFIUSDT+0.0028%4h0.7152−0.109%$24.8M$37.2M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.124%$321$51K5.5xas long as short
Bitget ETHFIUSDT+0.0088%4h0.7151−0.119%$6.1M$5.7M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo ETHFI-PERP+0.0088%1h0.7145−0.203%$9K3xas long as short
Lighter ETHFIlong+0.0096%1h0.7159long leg$1.1M$898K5x
Hyperliquid ETHFIshort+0.0100%1h0.7160+0.003%$18.1M$8.9M5x
Aster ETHFIUSDT+0.0100%4h0.7149−0.145%$183K$258K10xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7155−0.063%$18.1M$13.0M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7156−0.049%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7154−0.077%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7153−0.091%$1.2M$272K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7152−0.105%$26.1Mas long as short
Variational Omni ETHFI+0.0100%4h0.7158−0.019%$1.0M$755Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7149−0.149%$59K$93K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7151−0.119%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0112%4h0.7147−0.175%$1.2M$291K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7177+0.244%$31K$7K50xas long as short