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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter against Hibachi−0.030%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Long on HibachiShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.243%+$24 on $10k
Price spread, last 7 days−0.012%−$1 · spread now −0.030%, 7d avg −0.018%
Together, before fees+0.231%+ Points / potential airdropHibachi: Active · Lighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.243%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi ETH/USDT-P2,801.60.0208pay 0.0026% / 1h31m 17s$260K$1.6M20x
ShortLighter ETH2,800.70.0096get 0.0012% / 1h31m 17s$117.0M$513.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Hibachi. 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
−$23.52
Price spread: −0.030% → −0.018%
−$1.21
Slippage, 4 orders
−$12.46
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$46.19
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Hibachi: 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 Hibachi live order book, 3 min ago1.55 bp7.4 bp −$720.8 bp −$208doesn't fitdoesn't fit
Sell Lighter live order book, 8 min ago0.07 bp0.7 bp −$11.0 bp −$101.8 bp −$1815.7 bp −$2,839

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%43m2,800.7−0.031%$297K$6.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,800.1−0.053%$5K$2K50xas long as short
Phemex ETHUSDT−0.0034%8h2,800.4−0.041%$270.0M$66.1M150xas long as short
Phoenix ETH−0.0032%1h2,806.7+0.182%$807K$3.5M25xas long as short
RISEx ETH/USDC−0.0005%1h2,800.7−0.031%$5.8M$12.2M25xas long as short
dYdX ETH-USD0.0000%1h2,802.1+0.019%$13.8M$43.8M50xas long as short
Injective ETH/USDC PERP+0.0003%1h2,800−0.057%$120K$22.5M52xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,804.1+0.090%$22.7M—200xas long as short
OKX ETH-USDT-SWAP+0.0016%8h2,803.7+0.075%$1.70B$11.95B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0011%1h2,803.8+0.078%$12.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0032%1h2,800.4−0.042%$177K$1.2M50xas long as short
MEXC ETH_USDT+0.0046%8h2,802.1+0.019%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0046%8h2,803.7+0.074%$6.52B$17.10B150xas long as short
Bulk ETH-USD+0.0047%1h2,803.2+0.057%$167.8M$262.8M25xas long as short
Aevo ETH-PERP+0.0048%1h2,803.2+0.058%$5.1M$651K20xas long as short
Gate ETH_USDT+0.0062%8h2,803.4+0.064%$3.34B$9.50B200xas long as short
Bitget ETHUSDT+0.0071%8h2,804+0.085%$2.11B$3.14B150xas long as short
Aster ETHUSDT+0.0076%8h2,801.8+0.008%$263.1M$997.1M200xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,795.6−0.215%$30K$22K20xas long as short
Bullet ETH-USD+0.0095%1h2,802.4+0.029%$192K$1.8M20xas long as short
Lighter ETHshort+0.0096%1h2,800.7−0.030%$117.0M$513.4M50x
Lighter RH ETH+0.0096%1h2,802+0.013%$25.6M$124.6M50xas long as short
Variational Omni ETH+0.0099%8h2,794−0.270%$141.4M$311.2M—as long as short
Katana Perps ETH-USD+0.0100%8h2,800.7−0.032%$487K$2.7M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,850.6+1.748%$16.6M$11.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,800.7−0.033%$17.5M$115.2M50xas long as short
Pacifica ETH+0.0100%1h2,801.2−0.013%$31.8M$271.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,804.5+0.105%$2.55B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,799.9−0.060%$2.9M$16.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,802.3+0.026%$2.8M$17.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,801.5−0.005%$410.0M$737.5M100xas long as short
BingX ETH-USDT+0.0100%8h2,803.5+0.069%—$1.17B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,801.60.000%$15.6M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,796.6−0.177%$178.9M$776.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,798.4−0.114%$162.8M$96.6M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,795.3−0.226%$8.4M$29.2M100xas long as short
StandX ETH-USD+0.0100%1h2,797.6−0.142%$21.6M$58.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,801.60.000%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,802.7+0.040%$10.9M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,804.1+0.090%$22K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,798.3−0.117%$980K$14.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,804.1+0.090%$54.1M$208.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,802.4+0.028%$1.09B$1.30B200xas long as short
Extended ETH-USD+0.0104%1h2,799.9−0.060%$31.7M$76.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,802.9+0.045%—$46.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,804+0.086%$60.7M$4.68B50xas long as short
Orderly PERP_ETH_USDC+0.0115%8h2,807.2+0.200%$32.9M$11.5M100xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,803.6+0.073%$89.3M$336.0M100xas long as short
Kalshi KXETHPERP+0.0146%8h2,803.5+0.068%$8.8M$660.4M4.9xas long as short
Hyperliquid ETH+0.0158%1h2,803.7+0.075%$3.28B$2.31B25xas long as short
BloFin ETH-USDT+0.0166%8h2,803.7+0.074%$292.1M$196.3M150xas long as short
Hibachi ETH/USDT-Plong+0.0208%1h2,801.6long leg$260K$1.6M20x
Reya ETHRUSDPERP+0.0210%1h2,800−0.055%$7.6M$985K25xas long as short
Deribit ETH-PERPETUAL+0.0253%1h2,804.3+0.097%$259.2M$220.4M50xas long as short
Derive ETH-PERP+0.0303%1h2,807.8+0.223%$43.4M$29.1M15xas long as short