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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.030%
Price spread now: Lighter RH against BloFin+0.052%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Long on BloFinShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days−0.157%−$16 on $10k
Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.052%, 7d avg +0.055%
Together, before fees−0.120%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,766.90.0179pay 0.0179% / 8h7h 04m$287.3M$174.7M150x
ShortLighter RH ETH2,768.40.0096get 0.0012% / 1h4m 54s$25.5M$112.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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
−$17.4
Price spread: +0.052% → +0.055%
−$0.22
Slippage, 4 orders
−$3.84
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$33.45
Costs to cover
0.158%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Lighter RH: live order book, 4 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 BloFin live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.2 bp −$7169.3 bp −$4,662
Sell Lighter RH live order book, 4 min ago1.26 bp1.5 bp −$12.7 bp −$279.4 bp −$93668.7 bp −$34.3K

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.249%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,767.3+0.015%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.006%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.6+0.025%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.2+0.011%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.8+0.141%$872K$3.7M25xas long as short
dYdX ETH-USD+0.0001%1h2,767.1+0.006%$12.2M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.3+0.014%$22.4M—200xas long as short
Bullet ETH-USD+0.0016%1h2,766.6−0.011%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0033%8h2,766.6−0.010%$1.70B$10.95B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0041%8h2,766.6−0.012%$269.2M$65.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.1+0.009%$12.7M—200xas long as short
SoDEX ETH-USD+0.0047%1h2,766.6−0.011%$55.1M$187.7M40xas long as short
Aster ETHUSDT+0.0049%8h2,766.6−0.010%$260.5M$849.5M200xas long as short
Aevo ETH-PERP+0.0056%1h2,764.5−0.086%$5.0M$156K20xas long as short
Binance ETHUSDT+0.0059%8h2,766.2−0.024%$6.47B$16.03B150xas long as short
MEXC ETH_USDT+0.0059%8h2,768.7+0.066%$1.62B$2.66B500xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,770.3+0.124%$31K$21K20xas long as short
HTX ETH-USDT+0.0072%8h2,766.90.000%$1.07B$1.22B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,767.4+0.017%$60.3M$4.39B50xas long as short
Bitget ETHUSDT+0.0081%8h2,768.5+0.058%$2.10B$2.82B150xas long as short
Gate ETH_USDT+0.0082%8h2,766.9−0.002%$3.40B$9.12B200xas long as short
Vest ETH-PERP+0.0087%1h2,767.5+0.021%—$870K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,767.9+0.034%$419.9M$589.1M100xas long as short
Lighter ETH+0.0096%1h2,767.2+0.010%$115.0M$460.3M50xas long as short
Lighter RH ETHshort+0.0096%1h2,768.4+0.052%$25.5M$112.2M50x
Paradex ETH-USD-PERP+0.0099%8h2,771.7+0.175%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767+0.004%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.8−0.003%$14.5M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.3+0.087%$3.16B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,767.5+0.020%$31.3M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,766.7−0.007%$2.50B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.5−0.014%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.8+0.031%$2.8M$16.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.174%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,766.3−0.022%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.5−0.015%$15.0M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4−0.019%$134.4M$347.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.3+0.124%$183.8M$751.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.6+0.206%$161.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,773.5+0.240%$8.9M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.163%$21.4M$64.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,766.6−0.011%$10.5M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.1+0.008%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.5+0.058%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,766.3−0.020%$969K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,766−0.032%$30.9M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,767.4+0.018%—$35.8M500xas long as short
Kalshi KXETHPERP+0.0119%8h2,767.8+0.033%$8.1M$673.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,768.1+0.043%$97.8M$314.5M100xas long as short
Deribit ETH-PERPETUAL+0.0148%1h2,768.2+0.048%$259.1M$201.4M50xas long as short
Orderly PERP_ETH_USDC+0.0157%8h2,769.1+0.080%$32.6M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,768.1+0.044%$253K$1.5M20xas long as short
BloFin ETH-USDTlong+0.0179%8h2,766.9long leg$287.3M$174.7M150x
Reya ETHRUSDPERP+0.0215%1h2,766.6−0.010%$7.3M$1.1M25xas long as short