Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter against Deribit−0.010%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$90.093% of the position
Long on DeribitShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.010%, 7d avg −0.013%
Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,730.40get 0.0000% / 1h56m 12s$260.7M$211.9M50x
ShortLighter ETH2,730.10.0096get 0.0012% / 1h56m 12s$112.2M$430.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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
$20.16
Price spread: −0.010% → −0.013%
$0.25
Slippage, 4 orders
−$2.34
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
$11.07
Costs to cover
0.093%
Break-even
3.2 days
Slippage from Deribit: 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 Deribit live order book, 3 min ago0.64 bp4.4 bp −$44.8 bp −$489.5 bp −$94618.0 bp −$9,005
Sell Lighter live order book, 8 min ago0.22 bp0.2 bp $00.8 bp −$81.5 bp −$1504.1 bp −$2,073

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−0.0112%43m2,730.6+0.010%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.130%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.8+0.126%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.3−0.001%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.207%$817K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,731.4+0.039%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUALlong0.0000%1h2,730.4long leg$260.7M$211.9M50x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,730.4+0.001%$32.9M—200xas long as short
HTX ETH-USDT+0.0009%8h2,729.8−0.022%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0035%8h2,729.3−0.038%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,729.4−0.036%$2.35B$4.42B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.5+0.005%$190K$891K50xas long as short
SoDEX ETH-USD+0.0078%1h2,729.5−0.031%$54.4M$187.5M40xas long as short
KuCoin ETHUSDTM+0.0078%8h2,729.9−0.018%$374.8M$576.5M100xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,733.7+0.122%$30K$20K20xas long as short
SunX ETH-USDT+0.0090%8h2,729−0.051%$958K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,729.5−0.031%$252.6M$849.4M200xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,729.6−0.027%$1.66B$10.93B100xas long as short
Lighter ETHshort+0.0096%1h2,730.1−0.010%$112.2M$430.9M50x
Lighter RH ETH+0.0096%1h2,731.2+0.030%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.6−0.100%$4.9M$156K20xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.152%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.013%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.6+0.194%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.9−0.015%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.4+0.075%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.9+0.020%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,729.4−0.035%$6.33B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.005%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731+0.022%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.170%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,730−0.013%$3.28B$8.92B200xas long as short
MEXC ETH_USDT+0.0100%8h2,729.6−0.029%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,729.8−0.019%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.9−0.015%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.133%$134.8M$325.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.057%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.185%$159.1M$87.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.134%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.8+0.052%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.3+0.035%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.1−0.011%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.7+0.013%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.3+0.034%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,729.9−0.016%$263.2M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,729.1−0.046%$30.3M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,730.7+0.014%—$30.6M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,730.7+0.013%$6.8M$693.0M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.6+0.008%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,730.7+0.014%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,732.4+0.075%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,729.3−0.038%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.1−0.010%$83.4M$311.3M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,732.3+0.070%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,731.3+0.033%$281.7M$175.2M150xas long as short