ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.019%

Price spread now: Hibachi against Lighter−0.119%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Lighter Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.119%, 7d avg +0.018%

Together, before fees−0.082%+ Points / potential airdropLighter: Season 3 · Hibachi: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hibachi is 0.137% cheaper against Lighter than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.018%). If the spread goes back, that is −$14 on $10k: about 4.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.243%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ETH	2,802.7	0.0096	pay 0.0012% / 1h	32m 05s	$117.1M	$513.3M	50x
Short	Hibachi ETH/USDT-P	2,799.4	0.0200	get 0.0025% / 1h	32m 05s	$260K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.119%Rate

Funding earned: $21.84
Price spread: −0.119% → +0.018%: −$13.7
Slippage, 4 orders: −$12.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$13.33
Costs to cover: 0.215%
Break-even: 11.3 days

Slippage from Lighter: live order book, 8 min ago; Hibachi: live order book, 2 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	0.07 bp	0.9 bp −$1	1.2 bp −$12	1.8 bp −$177	5.2 bp −$2,602
Sell Hibachi live order book, 2 min ago	1.55 bp	12.4 bp −$12	22.7 bp −$227	doesn't fit	doesn't fit

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	−0.0112%	43m	2,799.6	−0.110%	$299K	$6.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,802.7	−0.001%	$5K	$2K	50x	as long as short
Phemex ETHUSDT	−0.0034%	8h	2,800.4	−0.081%	$270.0M	$66.1M	150x	as long as short
Phoenix ETH	−0.0032%	1h	2,795.5	−0.258%	$804K	$3.5M	25x	as long as short
RISEx ETH/USDC	−0.0005%	1h	2,800.8	−0.068%	$5.8M	$12.2M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,804	+0.046%	$13.4M	$43.4M	50x	as long as short
Injective ETH/USDC PERP	+0.0003%	1h	2,798.9	−0.136%	$120K	$22.5M	52x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,800.9	−0.065%	$22.6M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0016%	8h	2,799.9	−0.102%	$1.70B	$11.94B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0011%	1h	2,800.5	−0.080%	$12.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0040%	1h	2,800.7	−0.072%	$177K	$1.2M	50x	as long as short
MEXC ETH_USDT	+0.0046%	8h	2,800.3	−0.085%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,801.2	−0.055%	$6.52B	$17.10B	150x	as long as short
Bulk ETH-USD	+0.0047%	1h	2,803.2	+0.017%	$167.8M	$262.8M	25x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,803.1	+0.015%	$5.1M	$651K	20x	as long as short
Gate ETH_USDT	+0.0063%	8h	2,801.2	−0.054%	$3.34B	$9.49B	200x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,801.2	−0.054%	$2.10B	$3.14B	150x	as long as short
Aster ETHUSDT	+0.0074%	8h	2,802.2	−0.019%	$263.2M	$995.6M	200x	as long as short
Aftermath Perps ETHUSD	+0.0077%	1h	2,794	−0.312%	$30K	$22K	20x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,799.4	−0.120%	$193K	$1.8M	20x	as long as short
Lighter ETHlong	+0.0096%	1h	2,802.7	long leg	$117.1M	$513.3M	50x
Lighter RH ETH	+0.0096%	1h	2,804	+0.046%	$25.7M	$124.5M	50x	as long as short
Variational Omni ETH	+0.0099%	8h	2,794	−0.310%	$141.4M	$311.2M	—	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,800.8	−0.069%	$487K	$2.7M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,853.1	+1.797%	$16.6M	$11.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,801.6	−0.040%	$17.5M	$115.1M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,803.7	+0.035%	$31.9M	$271.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,800.3	−0.085%	$2.55B	$4.62B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,801.7	−0.036%	$2.9M	$16.4M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,802.5	−0.009%	$2.8M	$17.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,802	−0.027%	$411.2M	$737.5M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,801.2	−0.054%	—	$1.17B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,801.6	−0.041%	$15.6M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,795.4	−0.259%	$180.6M	$769.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,794.1	−0.306%	$162.5M	$96.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,800.2	−0.091%	$8.4M	$29.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,797.6	−0.183%	$21.6M	$58.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,801	−0.060%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,801.3	−0.051%	$10.9M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,803.4	+0.025%	$22K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,798.3	−0.157%	$980K	$14.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,801.9	−0.029%	$56.1M	$206.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,802.4	−0.012%	$1.09B	$1.30B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,802.4	−0.013%	$31.8M	$76.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,802.4	−0.011%	—	$46.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,804	+0.046%	$60.7M	$4.68B	50x	as long as short
Orderly PERP_ETH_USDC	+0.0115%	8h	2,805.6	+0.101%	$32.9M	$11.5M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,803.6	+0.033%	$89.3M	$336.0M	100x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	2,803.5	+0.028%	$8.8M	$660.4M	4.9x	as long as short
Hyperliquid ETH	+0.0156%	1h	2,804.3	+0.056%	$3.28B	$2.31B	25x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,803.7	+0.034%	$292.1M	$196.3M	150x	as long as short
Hibachi ETH/USDT-Pshort	+0.0200%	1h	2,799.4	−0.119%	$260K	$1.6M	20x
Reya ETHRUSDPERP	+0.0211%	1h	2,797.9	−0.173%	$7.5M	$985K	25x	as long as short
Deribit ETH-PERPETUAL	+0.0253%	1h	2,804.3	+0.057%	$259.2M	$220.4M	50x	as long as short
Derive ETH-PERP	+0.0290%	1h	2,806	+0.116%	$43.4M	$29.2M	15x	as long as short