ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.034%

Price spread now: Lighter RH against Hibachi+0.023%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.145% of the position

Long on Hibachi Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.294%+$29 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.023%, 7d avg −0.002%

Together, before fees+0.241%+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.025% dearer against Hibachi than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.002%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.294%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,729.3	0.0264	pay 0.0033% / 1h	43m 28s	$245K	$1.4M	20x
Short	Lighter RH ETH	2,730	0.0096	get 0.0012% / 1h	43m 28s	$23.4M	$102.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee HibachibpFee Lighter RHbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$35.28
Price spread: +0.023% → −0.002%: $2.53
Slippage, 4 orders: −$5.47
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$47.22
Costs to cover: 0.145%
Break-even: never at this rate

Slippage from Hibachi: live order book, 1 min ago; Lighter RH: live order book, 6 min ago.

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 Hibachi live order book, 1 min ago	0.02 bp	6.1 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.03 bp	1.7 bp −$2	3.1 bp −$31	8.9 bp −$888	51.8 bp −$25.9K

ETH on 55 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
ApeX Omni ETHUSDT	−0.0115%	1h	2,726.2	−0.114%	$8.6M	$31.5M	100x	as long as short
Perpl ETH	−0.0112%	43m	2,727.5	−0.067%	$290K	$5.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728.3	−0.038%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,725	−0.159%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.4	+0.002%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,725.4	−0.144%	$816K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,727.8	−0.056%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,729.6	+0.009%	$6.7M	$691.2M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,728.1	−0.044%	$262.6M	$215.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,729.5	+0.006%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0007%	8h	2,727.8	−0.058%	$1.05B	$1.23B	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,728.9	−0.016%	$191K	$892K	50x	as long as short
BingX ETH-USDT	+0.0031%	8h	2,728.7	−0.024%	—	$1.12B	—	as long as short
Bybit ETHUSDT	+0.0037%	8h	2,727.8	−0.055%	$2.34B	$4.43B	150x	as long as short
Aftermath Perps ETHUSD	+0.0072%	1h	2,728.7	−0.025%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,728.4	−0.033%	$378.5M	$577.5M	100x	as long as short
SoDEX ETH-USD	+0.0082%	1h	2,727.4	−0.071%	$54.3M	$187.4M	40x	as long as short
SunX ETH-USDT	+0.0085%	8h	2,726.9	−0.088%	$957K	$11.1M	100x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,728.8	−0.020%	$252.1M	$850.6M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0091%	8h	2,727.9	−0.052%	$1.65B	$10.96B	100x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,728.6	−0.029%	$1.52B	$2.58B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,728.8	−0.022%	$6.33B	$16.19B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,726.9	−0.089%	$111.9M	$433.8M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,730	+0.023%	$23.4M	$102.9M	50x
Aevo ETH-PERP	+0.0096%	1h	2,725.3	−0.150%	$4.9M	$165K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.4	−0.034%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731.2	+0.067%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.8	−0.020%	$14.0M	$106.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.7	+0.050%	$3.11B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.8	−0.021%	$32.0M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.2	−0.042%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.2	−0.004%	$1.5M	$16.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,725.9	−0.126%	$161.8M	$340.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.9	−0.015%	$3.28B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.2	−0.042%	$2.09B	$2.80B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,727.5	−0.069%	$15.0M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.1	−0.230%	$133.0M	$326.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.6	−0.175%	$184.7M	$683.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,726.3	−0.112%	$158.4M	$87.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.6	+0.009%	$21.0M	$69.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.4	+0.002%	—	$767K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.4	+0.002%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,728.8	−0.020%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,728.8	−0.020%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,729.5	+0.005%	$40.9M	$30.2M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,727.7	−0.060%	$262.9M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.1	−0.047%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,728.1	−0.047%	—	$30.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,729	−0.012%	$50.4M	$4.32B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,729.3	−0.003%	$5.6M	$11.8M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,730.9	+0.059%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0193%	1h	2,727.5	−0.067%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,728.3	−0.037%	$83.6M	$311.6M	100x	as long as short
Hibachi ETH/USDT-Plong	+0.0264%	1h	2,729.3	long leg	$245K	$1.4M	20x
BloFin ETH-USDT	+0.0375%	8h	2,729.5	+0.006%	$282.4M	$175.5M	150x	as long as short