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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 06:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.001%
Price spread now: Lighter against KuCoin+0.022%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.022%, 7d avg +0.009%
Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,737.60.0080pay 0.0080% / 8h2h 06m$376.2M$577.6M100x
ShortLighter ETH2,738.20.0096get 0.0012% / 1h6m 59s$113.0M$437.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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
$3.36
Price spread: +0.022% → +0.009%
$1.3
Slippage, 4 orders
−$0.76
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$8.1
Costs to cover
0.128%
Break-even
23.9 days
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 7 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 KuCoin live order book, 2 min ago0.02 bp6.0 bp −$67.3 bp −$7310.0 bp −$1,005doesn't fit
Sell Lighter live order book, 7 min ago0.02 bp0.2 bp $00.4 bp −$41.0 bp −$1034.0 bp −$2,013

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%43m2,736.1−0.056%$292K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.6−0.037%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.7+0.003%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736.5−0.041%$817K$3.0M25xas long as short
dYdX ETH-USD+0.0006%1h2,737.5−0.004%$10.5M$42.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.8+0.006%$33.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,735.4−0.081%$117K$22.5M52xas long as short
HTX ETH-USDT+0.0010%8h2,737.3−0.011%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0036%8h2,737.4−0.007%—$1.12B—as long as short
Bybit ETHUSDT+0.0044%8h2,736.3−0.047%$2.35B$4.42B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,737.9+0.011%$190K$865K50xas long as short
KuCoin ETHUSDTMlong+0.0080%8h2,737.6long leg$376.2M$577.6M100x
Aftermath Perps ETHUSD+0.0084%1h2,735−0.095%$30K$20K20xas long as short
Bullet ETH-USD+0.0084%1h2,737.4−0.008%$182K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,738.7+0.041%$259.3M$208.4M50xas long as short
SunX ETH-USDT+0.0094%8h2,736.8−0.030%$959K$11.1M100xas long as short
Lighter ETHshort+0.0096%1h2,738.2+0.022%$113.0M$437.7M50x
Lighter RH ETH+0.0096%1h2,739.2+0.058%$23.5M$104.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,735.1−0.090%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0098%8h2,737.4−0.007%$253.3M$847.5M200xas long as short
OKX ETH-USDT-SWAP+0.0098%8h2,736.4−0.046%$1.66B$10.94B100xas long as short
Phemex ETHUSDT+0.0099%8h2,737.7+0.004%$264.1M$65.0M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.5−0.041%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,740.9+0.121%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.1−0.020%$14.2M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.9+0.084%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737.5−0.003%$32.1M$334.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,737.2−0.015%$6.35B$16.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736−0.059%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.5−0.004%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.4−0.009%$3.28B$9.08B200xas long as short
MEXC ETH_USDT+0.0100%8h2,737.6+0.001%$1.53B$2.61B500xas long as short
Bitget ETHUSDT+0.0100%8h2,737.7+0.001%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.4−0.008%$15.0M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,735.8−0.067%$134.4M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,736−0.057%$185.5M$680.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.9−0.025%$159.2M$87.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,736.9−0.026%$8.7M$31.5M100xas long as short
StandX ETH-USD+0.0100%1h2,737.5−0.004%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.2+0.023%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.6+0.036%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,765.2+1.009%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.2+0.060%$41.1M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,737.4−0.008%$54.5M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,735.9−0.062%$162.8M$321.5M25xas long as short
Extended ETH-USD+0.0104%1h2,736.7−0.033%$30.3M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,737.4−0.007%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,739.2+0.058%$49.8M$4.33B50xas long as short
RISEx ETH/USDC+0.0108%1h2,737.7+0.005%$5.6M$11.8M25xas long as short
Kalshi KXETHPERP+0.0140%8h2,737.3−0.011%$6.8M$693.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0175%1h2,738.4+0.028%$83.7M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,739.7+0.077%$32.3M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0197%1h2,736.5−0.042%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,738.4+0.030%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,737.2−0.014%$280.2M$175.4M150xas long as short