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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 03:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.021%
Price spread now: dYdX against Lighter−0.001%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Long on LighterShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.169%+$17 on $10k
Price spread, last 7 days+0.054%+$5 · spread now −0.001%, 7d avg −0.016%
Together, before fees+0.222%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,742.10.0096pay 0.0012% / 1h7m 40s$112.6M$436.2M50x
ShortdYdX ETH-USD2,7420.0000get 0.0000% / 1h7m 40s$10.8M$41.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$20.15
Price spread: −0.001% → −0.016%
$1.49
Slippage, 4 orders
−$19.05
Fee Lighter: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$47.71
Costs to cover
0.290%
Break-even
never at this rate
Slippage from Lighter: live order book, 6 min ago; dYdX: 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, 6 min ago0.02 bp0.2 bp $00.6 bp −$61.2 bp −$1244.2 bp −$2,078
Sell dYdX live order book, 2 min ago9.11 bp14.1 bp −$1419.8 bp −$19826.9 bp −$2,69147.7 bp −$23.8K

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
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.023%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.236%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.8+0.064%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,742.9+0.030%$304K$5.6M8.3xas long as short
dYdX ETH-USDshort0.0000%1h2,742−0.001%$10.8M$41.7M50x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,744.6+0.093%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,744.6+0.092%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,743.6+0.056%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4+0.085%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0054%8h2,741.4−0.024%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,741.5−0.022%$1.70B$10.54B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,741.8−0.009%$381.9M$575.2M100xas long as short
Bullet ETH-USD+0.0073%1h2,743.2+0.040%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,742.3+0.009%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0085%8h2,741.7−0.013%$253.7M$840.7M200xas long as short
SoDEX ETH-USD+0.0087%1h2,743.3+0.045%$54.6M$187.5M40xas long as short
MEXC ETH_USDT+0.0093%8h2,741.5−0.020%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,741.6−0.016%$6.37B$15.68B150xas long as short
Lighter ETHlong+0.0096%1h2,742.1long leg$112.6M$436.2M50x
Lighter RH ETH+0.0096%1h2,743.2+0.039%$24.6M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,742.5+0.017%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,740.3−0.063%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.7+0.096%$54.5M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,745.4+0.121%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.1+0.038%$474K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,743+0.035%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.6+0.056%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.012%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.4−0.023%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.7−0.013%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.2+0.006%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.164%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,742−0.004%$3.39B$8.78B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.5−0.020%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.5+0.015%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1+0.038%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.7+0.024%$182.3M$665.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.1+0.110%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9+0.176%$21.2M$68.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.8+0.064%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.2+0.078%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,745.4+0.121%$41.5M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.3+0.007%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,743.1+0.039%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.5+0.051%$266.6M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,741−0.040%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0137%1h2,744.9+0.102%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,743.8+0.063%$7.7M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,745.8+0.134%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0202%1h2,745.1+0.109%$260.0M$195.6M50xas long as short
BloFin ETH-USDT+0.0215%8h2,743.2+0.043%$284.9M$179.7M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.4+0.083%$86.5M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,742.4+0.011%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747+0.180%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0346%1h2,744.1+0.074%$21K$20K25xas long as short