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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.001%
Price spread now: Lighter against Aster−0.037%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$90.094% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.037%, 7d avg +0.005%
Together, before fees+0.025%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.042% cheaper against Aster than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHUSDT2,769.40.0034pay 0.0034% / 8h1h 31m$255.7M$990.6M200x
ShortLighter ETH2,768.40.0096get 0.0012% / 1h31m 13s$114.8M$499.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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
$13.06
Price spread: −0.037% → +0.005%
−$4.23
Slippage, 4 orders
−$1.4
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$0.56
Costs to cover
0.094%
Break-even
7.3 days
Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago0.02 bp4.0 bp −$44.6 bp −$465.4 bp −$54410.3 bp −$5,170
Sell Lighter live order book, 8 min ago0.31 bp0.7 bp −$10.9 bp −$91.4 bp −$1384.1 bp −$2,063

ETH on 55 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
Perpl ETH−0.0447%43m2,770.9+0.052%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,769.7+0.010%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.7+0.046%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3+0.032%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.3+0.032%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0022%1h2,775.8+0.232%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,770.5+0.039%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,778.1+0.313%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.5+0.039%$22.4M—200xas long as short
BingX ETH-USDT+0.0016%8h2,769.6+0.006%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,767.6−0.067%$1.70B$11.80B100xas long as short
Phemex ETHUSDT+0.0026%8h2,768.1−0.048%$269.2M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.4+0.035%$12.9M—200xas long as short
Aster ETHUSDTlong+0.0034%8h2,769.4long leg$255.7M$990.6M200x
Deribit ETH-PERPETUAL+0.0035%1h2,770.2+0.026%$258.3M$222.2M50xas long as short
Bullet ETH-USD+0.0037%1h2,769.8+0.012%$180K$1.7M20xas long as short
MEXC ETH_USDT+0.0060%8h2,769.8+0.012%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,767.7−0.061%$6.42B$17.15B150xas long as short
Aevo ETH-PERP+0.0064%1h2,767.9−0.056%$5.0M$636K20xas long as short
Nado ETH-PERP+0.0064%1h2,769.2−0.008%$14.3M$118.0M50xas long as short
SoDEX ETH-USD+0.0071%1h2,768.5−0.033%$55.1M$228.8M40xas long as short
Gate ETH_USDT+0.0072%8h2,769.7+0.009%$3.28B$9.60B200xas long as short
Bitget ETHUSDT+0.0072%8h2,768.3−0.041%$2.10B$3.10B150xas long as short
Bybit ETHUSDT+0.0092%8h2,767.4−0.074%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,767.5−0.069%$1.08B$1.32B200xas long as short
Lighter ETHshort+0.0096%1h2,768.4−0.037%$114.8M$499.6M50x
Lighter RH ETH+0.0096%1h2,769.4−0.001%$25.3M$121.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771+0.057%—$41.5M500xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,777.8+0.301%$8.7M$32.5M100xas long as short
KuCoin ETHUSDTM+0.0098%8h2,769.8+0.012%$424.5M$738.1M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,769.6+0.006%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.9+0.017%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.100%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,770.2+0.030%$31.3M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.9−0.019%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.6+0.078%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.429%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771+0.058%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6+0.186%$135.3M$322.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,777.1+0.275%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.274%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.115%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,770.9+0.055%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.2+0.064%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.6+0.007%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.9+0.052%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.9−0.056%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,767.9−0.055%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770+0.019%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,771.7+0.082%$8.7M$675.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,771.2+0.063%$32.5M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,773.6+0.149%$278K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,769.3−0.004%$86.0M$331.4M100xas long as short
BloFin ETH-USDT+0.0180%8h2,768.3−0.042%$283.9M$193.9M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,769.7+0.009%$7.3M$1.2M25xas long as short