ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Lighter+0.016%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$90.089% of the position

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.016%, 7d avg −0.004%

Together, before fees−0.075%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.021% dearer against Lighter than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.004%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ETH	2,733.2	0.0096	pay 0.0012% / 1h	16m 17s	$112.9M	$440.5M	50x
Short	gTrade (Gains Network) ETH/USD	2,733.6	L +0.0007% / S −0.0007%	get 0.0001% / 1h	16m 17s	$28.1M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.016%Rate

Funding earned: −$18.79
Price spread: +0.016% → −0.004%: $2.08
Slippage, 4 orders: −$1.92
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$25.63
Costs to cover: 0.089%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

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, 8 min ago	0.29 bp	0.5 bp −$1	0.8 bp −$8	2.0 bp −$205	5.2 bp −$2,612
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	0.53 bp	4.0 bp −$4	4.1 bp −$41	5.0 bp −$499	8.9 bp −$4,445

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	2,733.4	+0.009%	$297K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,734.2	+0.038%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,734	+0.030%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733.4	+0.010%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,734.5	+0.049%	$10.8M	$41.6M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,733.9	+0.027%	$187K	$823K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,733.9	+0.027%	$828K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USDshort	L +0.0007% / S −0.0007%	1h	2,733.6	+0.016%	$28.1M	—	200x
Bullet ETH-USD	+0.0009%	1h	2,732.4	−0.027%	$179K	$1.7M	20x	as long as short
HTX ETH-USDT	+0.0036%	8h	2,732.1	−0.038%	$1.06B	$1.20B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0048%	8h	2,733.1	−0.002%	—	$1.15B	—	as long as short
ApeX Omni ETHUSDT	+0.0049%	1h	2,732.7	−0.019%	$8.7M	$31.3M	100x	as long as short
Bybit ETHUSDT	+0.0057%	8h	2,732.9	−0.011%	$2.38B	$4.35B	150x	as long as short
KuCoin ETHUSDTM	+0.0063%	8h	2,733	−0.005%	$380.3M	$574.5M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0072%	1h	2,734.6	+0.051%	$259.7M	$196.4M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,733.3	+0.005%	$1.67B	$10.71B	100x	as long as short
Phemex ETHUSDT	+0.0074%	8h	2,733.2	+0.001%	$265.7M	$65.2M	150x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,733.2	+0.002%	$251.0M	$841.9M	200x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,733.1	−0.003%	$54.4M	$187.6M	40x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,732.6	−0.021%	$1.54B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,733.1	−0.001%	$6.35B	$15.87B	150x	as long as short
Lighter ETHlong	+0.0096%	1h	2,733.2	long leg	$112.9M	$440.5M	50x
Lighter RH ETH	+0.0096%	1h	2,734.4	+0.045%	$23.4M	$106.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,733.6	+0.015%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.5	−0.097%	$4.9M	$155K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,736.8	+0.131%	$15.5M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,734	+0.029%	$5.6M	$11.6M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,732.8	−0.014%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,733.4	+0.007%	$13.6M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,735.6	+0.089%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.1	+0.034%	$31.9M	$333.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.9	−0.010%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,733.7	+0.021%	$1.6M	$16.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,733.2	+0.002%	$3.34B	$8.91B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,733.2	+0.001%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,734.5	+0.048%	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.5	−0.062%	$133.7M	$325.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.2	−0.037%	$183.8M	$671.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.8	−0.015%	$159.0M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732	−0.043%	$21.1M	$68.1M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,734.6	+0.052%	$11.2M	$9.2M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,733.7	+0.018%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.9	+0.064%	$41.3M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,732.1	−0.041%	$957K	$11.3M	100x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,734.8	+0.061%	$164.8M	$300.4M	25x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,734	+0.029%	—	$843K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,732.4	−0.027%	$30.4M	$72.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,734.4	+0.046%	$51.3M	$4.27B	50x	as long as short
Aftermath Perps ETHUSD	+0.0114%	1h	2,733.9	+0.025%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0136%	8h	2,733.8	+0.023%	$6.7M	$678.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,735.5	+0.084%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,732.4	−0.029%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,733.8	+0.024%	$83.3M	$314.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,734.9	+0.065%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0375%	8h	2,734.3	+0.040%	$283.8M	$175.7M	150x	as long as short