ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Lighter−0.113%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1301.298% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.113%, 7d avg −0.123%

Together, before fees−0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ETHFI	0.6927	0.0096	pay 0.0012% / 1h	52m 13s	$1.1M	$718K	5x
Short	KuCoin ETHFIUSDTM	0.6919	0.0100	get 0.0050% / 4h	52m 13s	$1.2M	$181K	50x

Funding history

latest

Range statsloading…

KuCoin against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee KuCoinbpOrdersPrice spread, now −0.113%Rate

Slippage from Lighter: live order book, 2 min ago; KuCoin: live order book, 1 min ago.

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	5.27 bp	7.4 bp −$7	92.4 bp −$924	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.78 bp	50.8 bp −$51	148.6 bp −$1,486	doesn't fit	doesn't fit

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	−0.0472%	1h	0.6922	−0.069%	$42K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0327%	4h	0.6918	−0.127%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0303%	4h	0.6924	−0.045%	$880K	$729K	—	as long as short
Bybit ETHFIUSDT	−0.0165%	4h	0.6919	−0.113%	$16.9M	$11.9M	25x	as long as short
Paradex ETHFI-USD-PERP	−0.0153%	8h	0.6910	−0.237%	$6K	—	5x	as long as short
Binance ETHFIUSDT	−0.0018%	4h	0.6919	−0.113%	$24.2M	$31.7M	75x	as long as short
Extended ETHFI-USD	−0.0016%	1h	0.6917	−0.147%	$108K	$822K	10x	as long as short
MEXC ETHFI_USDT	−0.0016%	4h	0.6915	−0.170%	$15.5M	$3.9M	125x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+4.522%	$321	$51K	5.5x	as long as short
HTX ETHFI-USDT	+0.0038%	4h	0.6911	−0.228%	$83K	$114K	20x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0080%	1h	0.6916	−0.159%	$8K	—	3x	as long as short
Lighter ETHFIlong	+0.0096%	1h	0.6927	long leg	$1.1M	$718K	5x
Hyperliquid ETHFI	+0.0100%	1h	0.6928	+0.019%	$16.5M	$8.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6920	−0.098%	$178K	$163K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6924	−0.040%	$5.2M	$11.9M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6919	−0.113%	$1.7M	$1.7M	75x	as long as short
KuCoin ETHFIUSDTMshort	+0.0100%	4h	0.6919	−0.113%	$1.2M	$181K	50x
Bitget ETHFIUSDT	+0.0100%	4h	0.6920	−0.098%	$6.1M	$3.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.6918	−0.127%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6918	−0.121%	$47K	$199K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6921	−0.084%	$2K	$1.0M	20x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0204%	1h	0.6934	+0.102%	$302K	$303K	20x	as long as short
BloFin ETHFI-USDT	+0.0222%	4h	0.6915	−0.170%	$1.2M	$231K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0328%	1h	0.6917	−0.141%	$35K	$10K	50x	as long as short