Funding you earn now, next payment 22:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.068%
Price spread now: Lighter against Orderly+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.036% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ETHFI_USDC | 0.7150 | −0.0154 | get 0.0077% / 4h | 2h 35m | $16K | $1K | 10x |
| Short | Lighter ETHFI | 0.7153 | 0.0096 | get 0.0012% / 1h | 35m 04s | $1.1M | $889K | 5x |
Orderly PERP_ETHFI_USDC
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $52.41
- Price spread: +0.036% → 0.000%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $50.04
- Costs to cover
- 0.060%
- Break-even
- 0.3 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 1 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 11.39 bp | 29.7 bp −$30 | 88.4 bp −$884 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7155 | +0.070% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0213% | 1h | 0.7162 | +0.161% | $279K | $131K | 20x | as long as short |
| Orderly PERP_ETHFI_USDClong | −0.0154% | 4h | 0.7150 | long leg | $16K | $1K | 10x | |
| HTX ETHFI-USDT | −0.0029% | 4h | 0.7139 | −0.154% | $83K | $164K | 20x | as long as short |
| Bitget ETHFIUSDT | +0.0020% | 4h | 0.7146 | −0.056% | $6.1M | $5.5M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.259% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0039% | 8h | 0.7150 | −0.001% | $6K | — | 5x | as long as short |
| Variational Omni ETHFI | +0.0093% | 4h | 0.7160 | +0.143% | $1.0M | $718K | — | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7153 | +0.036% | $1.1M | $889K | 5x | |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7147 | −0.040% | $100K | $488K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Bitget ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Variational Omni ETHFI
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDT | +0.0098% | 4h | 0.7148 | −0.027% | $25.2M | $35.9M | 75x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7153 | +0.042% | $19.1M | $7.8M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7159 | +0.129% | $182K | $248K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7153 | +0.042% | $18.4M | $12.4M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7153 | +0.042% | $4.9M | $12.0M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7149 | −0.014% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7151 | +0.014% | $15.4M | $3.7M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7152 | +0.028% | $1.2M | $268K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.042% | — | $25.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7167 | +0.235% | $56K | $81K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7157 | +0.098% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7150 | 0.000% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0152% | 1h | 0.7207 | +0.797% | $32K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0338% | 4h | 0.7145 | −0.070% | $1.3M | $292K | 75x | as long as short |
Binance ETHFIUSDT
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT