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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 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Aevo against Lighter−0.092%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Long on LighterShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.092%, 7d avg −0.090%
Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,733.80.0096pay 0.0012% / 1h22m 20s$112.9M$440.1M50x
ShortAevo ETH-PERP2,731.30.0096get 0.0012% / 1h22m 20s$4.9M$155K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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
$0
Price spread: −0.092% → −0.090%
−$0.27
Slippage, 4 orders
−$16.9
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$33.17
Costs to cover
0.329%
Break-even
68163451101450104.0 days
Slippage from Lighter: live order book, 7 min ago; Aevo: live order book, 2 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 Lighter live order book, 7 min ago0.40 bp0.5 bp $00.7 bp −$71.3 bp −$1264.7 bp −$2,365
Sell Aevo live order book, 2 min ago4.57 bp19.4 bp −$1930.4 bp −$30449.3 bp −$4,930doesn't fit

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%43m2,734.9+0.040%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3+0.056%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.9+0.041%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734+0.006%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,735.1+0.048%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.2+0.052%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.045%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.1+0.011%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,733.6−0.007%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.043%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0048%8h2,731.7−0.077%$1.06B$1.20B200xas long as short
BingX ETH-USDT+0.0052%8h2,733.5−0.009%—$1.15B—as long as short
Bybit ETHUSDT+0.0063%8h2,732−0.065%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,734+0.008%$380.3M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,732.4−0.052%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0071%8h2,733.6−0.007%$265.8M$65.3M150xas long as short
SoDEX ETH-USD+0.0085%1h2,733.7−0.003%$54.4M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,733.9+0.004%$250.9M$842.7M200xas long as short
MEXC ETH_USDT+0.0094%8h2,733.9+0.006%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.8−0.037%$6.35B$15.86B150xas long as short
Lighter ETHlong+0.0096%1h2,733.8long leg$112.9M$440.1M50x
Lighter RH ETH+0.0096%1h2,734.3+0.020%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.6+0.029%—$30.9M500xas long as short
Aevo ETH-PERPshort+0.0096%1h2,731.3−0.092%$4.9M$155K20x
Paradex ETH-USD-PERP+0.0099%8h2,738.6+0.177%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.1+0.048%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7+0.034%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8+0.001%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.5+0.099%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.8+0.037%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.1+0.012%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2+0.052%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.80.000%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734+0.009%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.4+0.021%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.037%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.004%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.004%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.019%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.1+0.047%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.8+0.074%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.6+0.029%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.6+0.066%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.7−0.002%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.038%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,733.4−0.016%$30.3M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735+0.044%$260.1M$195.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.9+0.039%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,735+0.044%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0139%8h2,734.4+0.023%$6.7M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.2+0.087%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,733.1−0.026%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,734.3+0.018%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,736+0.083%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0379%8h2,735.3+0.054%$282.7M$175.2M150xas long as short