Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.030%
Price spread now: Lighter against OKX+0.074%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now +0.074%, 7d avg +0.104%
=Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 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: Lighter is 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7200 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $5.0M | $12.7M | 20x |
| Short | Lighter ETHFI | 0.7205 | 0.0096 | get 0.0012% / 1h | 40m 15s | $1.1M | $894K | 5x |
OKX ETHFI-USDT-SWAP
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: +0.074% → +0.104%
- −$3
- Slippage, 4 orders
- −$76.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$90.19
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 1 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 OKX live order book, 3 min ago | 0.69 bp | 15.7 bp −$16 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 12.35 bp | 44.0 bp −$44 | 110.2 bp −$1,102 | 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-USDT | −0.0800% | 4h | 0.7175 | −0.347% | $83K | $165K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0305% | 1h | 0.7198 | −0.028% | $41K | $14K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0234% | 4h | 0.7196 | −0.056% | $18.2M | $13.1M | 25x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0197% | 4h | 0.7194 | −0.083% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0057% | 4h | 0.7188 | −0.161% | $1.0M | $744K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0041% | 8h | 0.7198 | −0.030% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7192 | −0.108% | $97K | $607K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0026% | 4h | 0.7194 | −0.083% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0027% | 4h | 0.7194 | −0.086% | $25.1M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.556% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
Orderly PERP_ETHFI_USDC
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 | 0.7195 | −0.069% | $9K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7205 | +0.074% | $1.1M | $894K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7204 | +0.054% | $18.1M | $9.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7198 | −0.033% | $184K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7200 | long leg | $5.0M | $12.7M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7201 | +0.014% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7195 | −0.069% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7194 | −0.083% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7198 | −0.028% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7197 | −0.047% | $60K | $105K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7197 | −0.042% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0106% | 4h | 0.7186 | −0.194% | $1.2M | $277K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.514% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0219% | 1h | 0.7208 | +0.116% | $274K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
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