data as of
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Funding arb /

ETH

all ETH markets
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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 spread now, next payment 17:00 UTC+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h+0.001%paid, last 7 days+0.096%to open and close $10k−$12
Long on LighterShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,7650.0096pay 0.0012% / 1h30m 55s$117.0M$497.5M50x
ShortBackpack ETH_USDC_PERP2,764.10.0100get 0.0013% / 1h30m 55s$15.3M$39.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$1.63
Fee Lighter: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$10.79
Break-even
96.9 days
Slippage from Lighter: live order book, 10 min ago; Backpack: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.032%
Avg gap 7d
−0.030%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 10 min ago0.51 bp0.8 bp −$11.2 bp −$122.1 bp −$2105.0 bp −$2,517
Sell Backpack live order book, 5 min ago0.02 bp5.0 bp −$55.3 bp −$5313.7 bp −$1,370doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$425K$6.2M8.3xas long as short
Phemex ETHUSDT−0.0138%8h$266.6M$66.8M150xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0054%1h$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.8M—200xas long as short
dYdX ETH-USD0.0000%1h$16.6M$34.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0013%8h$1.72B$11.28B100xas long as short
SoDEX ETH-USD+0.0029%1h$55.8M$161.9M40xas long as short
ApeX Omni ETHUSDT+0.0034%1h$7.9M$28.0M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix ETH+0.0035%1h$1.4M$2.4M25xas long as short
01 Exchange ETHUSD+0.0056%1h$181K$1.2M50xas long as short
Bulk ETH-USD+0.0063%1h$157.8M$272.8M25xas long as short
HTX ETH-USDT+0.0066%8h$1.09B$1.20B200xas long as short
MEXC ETH_USDT+0.0077%8h$1.51B$2.46B500xas long as short
Bitget ETHUSDT+0.0077%8h$2.10B$3.16B150xas long as short
Binance ETHUSDT+0.0078%8h$6.58B$15.95B150xas long as short
Aevo ETH-PERP+0.0080%1h$5.0M$723K20xas long as short
Hibachi ETH/USDT-P+0.0088%1h$290K$1.3M20xas long as short
SunX ETH-USDT+0.0094%8h$953K$14.6M100xas long as short
Lighter ETHlong+0.0096%1h$117.0M$497.5M50x
Lighter RH ETH+0.0096%1h$25.3M$117.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$44.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h$474K$2.2M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h$15.0M$11.7M50xas long as short
Nado ETH-PERP+0.0100%1h$17.8M$112.4M50xas long as short
Aster ETHUSDT+0.0100%8h$273.7M$881.1M200xas long as short
Pacifica ETH+0.0100%1h$31.3M$219.7M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.53B$4.47B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.0M$14.9M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h$3.47B$8.86B200xas long as short
KuCoin ETHUSDTM+0.0100%8h$409.8M$688.3M100xas long as short
BingX ETH-USDT+0.0100%8h—$1.11B—as long as short
Backpack ETH_USDC_PERPshort+0.0100%1h$15.3M$39.5M50x
Variational Omni ETH+0.0100%8h$145.4M$312.0M—as long as short
edgeX ETHUSDC+0.0100%4h$178.7M$764.0M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$51.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.8M$5.5M50xas long as short
Bullet ETH-USD+0.0100%1h$199K$1.9M20xas long as short
Vest ETH-PERP+0.0100%1h—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h$31.7M$78.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h$60.5M$4.75B50xas long as short
RISEx ETH/USDC+0.0122%1h$5.8M$13.1M25xas long as short
Kalshi KXETHPERP+0.0128%8h$10.2M$560.2M4.9xas long as short
Derive ETH-PERP+0.0145%1h$42.9M$27.7M15xas long as short
Deribit ETH-PERPETUAL+0.0155%1h$260.8M$215.2M50xas long as short
Reya ETHRUSDPERP+0.0172%1h$7.4M$964K25xas long as short
Orderly PERP_ETH_USDC+0.0192%8h$32.5M$10.9M100xas long as short
BloFin ETH-USDT+0.0198%8h$292.4M$176.9M150xas long as short
Kraken Futures PF_ETHUSD+0.0261%1h$87.0M$314.8M100xas long as short
Aftermath Perps ETHUSD+0.0276%1h$29K$27K20xas long as short
Hyperliquid ETH+0.0496%1h$3.31B$2.17B25xas long as short
Bluefin ETH-PERP+0.3315%1h$21K$26K25xas long as short