Funding you earn now, next payment 08:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h +0.020%
Price spread now: Bluefin against Lighter+0.031%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bluefin is 0.031% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETH | 2,723.4 | 0.0096 | pay 0.0012% / 1h | 11m 50s | $112.2M | $433.3M | 50x |
| Short | Bluefin ETH-PERP | 2,724.2 | 0.0275 | get 0.0034% / 1h | 11m 50s | $20K | $23K | 25x |
Lighter ETH
Bluefin ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.53
- Price spread: +0.031% → 0.000%
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $33.66
- Costs to cover
- 0.070%
- Break-even
- 0.7 days
Slippage unknown: Lighter: live order book, 12 min ago; Bluefin: no order-book sample. Net counts fees only.
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 Lighter live order book, 12 min ago | 0.18 bp | 0.4 bp $0 | 0.9 bp −$9 | 1.2 bp −$117 | 4.8 bp −$2,376 |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,724.6 | +0.047% | $274K | $5.7M | 8.3x | as long as short |
| BloFin ETH-USDT | −0.0183% | 8h | 2,725 | +0.061% | $280.8M | $177.5M | 150x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,724.1 | +0.028% | $5K | $1K | 50x | as long as short |
| Phoenix ETH | −0.0015% | 1h | 2,725.4 | +0.075% | $808K | $3.0M | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,724 | +0.022% | $11.9M | — | 200x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,723.5 | +0.004% | $10.5M | $41.8M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,724.2 | +0.031% | $6.7M | $675.9M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,724 | +0.023% | $263.6M | $214.1M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,724 | +0.024% | $32.9M | — | 200x | as long as short |
| BingX ETH-USDC | +0.0016% | 8h | 2,722.4 | −0.033% | — | $18.6M | — | as long as short |
Perpl ETH
BloFin ETH-USDT
Hotstuff ETH-PERP
Phoenix ETH
GMX ETH/USD [ETH-USDC]
dYdX ETH-USD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USD
BingX ETH-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0021% | 8h | 2,723.4 | +0.003% | $2.31B | $4.32B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.0032% | 1h | 2,724.4 | +0.039% | $190K | $883K | 50x | as long as short |
| HTX ETH-USDT | +0.0034% | 8h | 2,723.4 | +0.001% | $1.05B | $1.22B | 200x | as long as short |
| Injective ETH/USDC PERP | +0.0050% | 1h | 2,729.4 | +0.222% | $117K | $22.0M | 52x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0060% | 1h | 2,723.7 | +0.015% | $81.8M | $310.2M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0064% | 1h | 2,725.5 | +0.078% | $242K | $1.4M | 20x | as long as short |
| OKX ETH-USDT-SWAP | +0.0073% | 8h | 2,722.9 | −0.018% | $1.65B | $10.76B | 100x | as long as short |
| ApeX Omni ETHUSDT | +0.0074% | 1h | 2,724.1 | +0.026% | $8.5M | $31.4M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0077% | 8h | 2,723 | −0.012% | $382.4M | $576.8M | 100x | as long as short |
| Aster ETHUSDT | +0.0081% | 8h | 2,723.1 | −0.009% | $252.3M | $850.7M | 200x | as long as short |
| Aevo ETH-PERP | +0.0088% | 1h | 2,721 | −0.086% | $4.9M | $175K | 20x | as long as short |
| MEXC ETH_USDT | +0.0091% | 8h | 2,723 | −0.015% | $1.58B | $2.59B | 500x | as long as short |
| Binance ETHUSDT | +0.0092% | 8h | 2,722.8 | −0.019% | $6.30B | $16.09B | 150x | as long as short |
| Lighter ETHlong | +0.0096% | 1h | 2,723.4 | long leg | $112.2M | $433.3M | 50x | |
| Lighter RH ETH | +0.0096% | 1h | 2,724.7 | +0.049% | $23.4M | $102.5M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,724.1 | +0.028% | $499K | $3.6M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,728.7 | +0.197% | $15.4M | $7.5M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,723.6 | +0.010% | $14.1M | $104.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,725.1 | +0.064% | $3.10B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,724.9 | +0.058% | $32.0M | $333.3M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,723.8 | +0.017% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,724.4 | +0.037% | $1.6M | $16.0M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,723.2 | −0.007% | $3.30B | $8.94B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,722.9 | −0.017% | $2.10B | $2.76B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,722.8 | −0.021% | $15.0M | $40.5M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,724.1 | +0.029% | $133.8M | $316.4M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,724.2 | +0.032% | $185.4M | $683.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,724.8 | +0.052% | $158.3M | $82.0M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,726 | +0.097% | $20.9M | $69.7M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,725.8 | +0.089% | — | $445K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,725.2 | +0.068% | $11.2M | $9.4M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,723.9 | +0.020% | $193K | $1.7M | 20x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,724.8 | +0.053% | $40.7M | $29.9M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,723.5 | +0.004% | $954K | $10.7M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,723.1 | −0.009% | $54.2M | $182.7M | 40x | as long as short |
| Phemex ETHUSDT | +0.0100% | 8h | 2,723.9 | +0.019% | $262.3M | $64.3M | 150x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,726.7 | +0.124% | $161.2M | $356.8M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0100% | 1h | 2,725.2 | +0.069% | $30K | $20K | 20x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,722.3 | −0.037% | $30.4M | $71.4M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0056% | 1h | 2,725.7 | +0.088% | — | $30.2M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,724.7 | +0.050% | $46.5M | $4.26B | 50x | as long as short |
| RISEx ETH/USDC | +0.0114% | 1h | 2,724.6 | +0.047% | $5.6M | $11.6M | 25x | as long as short |
| Reya ETHRUSDPERP | +0.0178% | 1h | 2,723.3 | 0.000% | $7.3M | $972K | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0185% | 8h | 2,725.8 | +0.091% | $32.2M | $11.2M | 100x | as long as short |
| Bluefin ETH-PERPshort | +0.0275% | 1h | 2,724.2 | +0.031% | $20K | $23K | 25x |
Bybit ETHUSDT
01 Exchange ETHUSD
HTX ETH-USDT
Injective ETH/USDC PERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P
OKX ETH-USDT-SWAP
ApeX Omni ETHUSDT
KuCoin ETHUSDTM
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Lighter RH ETH
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bullet ETH-USD
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
Phemex ETHUSDT
Bulk ETH-USD
Aftermath Perps ETHUSD
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Reya ETHRUSDPERP
Orderly PERP_ETH_USDC