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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+0.0167%/8h
next payment, per $10,000+$0.21paid, last 24h−0.013%paid, last 7 days+0.099%to open and close $10k−$13
Long on LighterShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,749.30.0096pay 0.0012% / 1h47m 36s$117.6M$491.6M50x
ShortKraken Futures PF_ETHUSD2,753.80.0263get 0.0033% / 1h47m 36s$86.9M$315.7M100x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$34.99
Slippage, 4 orders
−$2.5
Fee Lighter: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$22.49
Break-even
2.5 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.164%
Avg gap 7d
−0.026%
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, 8 min ago0.25 bp0.3 bp $00.6 bp −$61.3 bp −$1293.9 bp −$1,955
Sell Kraken Futures live order book, 3 min ago0.18 bp6.0 bp −$66.6 bp −$668.8 bp −$87812.5 bp −$6,230

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$443K$6.1M8.3xas long as short
ApeX Omni ETHUSDT−0.0118%1h$7.9M$27.9M100xas long as short
Phemex ETHUSDT−0.0084%8h$265.5M$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$16.1M$33.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
SoDEX ETH-USD+0.0007%1h$55.6M$161.7M40xas long as short
BingX ETH-USDC+0.0009%8h—$16.9M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0012%8h$1.71B$11.14B100xas long as short
01 Exchange ETHUSD+0.0032%1h$179K$1.2M50xas long as short
Phoenix ETH+0.0035%1h$1.4M$2.4M25xas long as short
Bitget ETHUSDT+0.0071%8h$2.10B$3.15B150xas long as short
Bulk ETH-USD+0.0078%1h$156.0M$273.3M25xas long as short
Hibachi ETH/USDT-P+0.0080%1h$289K$1.3M20xas long as short
Aevo ETH-PERP+0.0080%1h$5.0M$726K20xas long as short
MEXC ETH_USDT+0.0082%8h$1.51B$2.41B500xas long as short
Binance ETHUSDT+0.0082%8h$6.56B$15.77B150xas long as short
HTX ETH-USDT+0.0088%8h$1.09B$1.19B200xas long as short
Lighter ETHlong+0.0096%1h$117.6M$491.6M50x
Lighter RH ETH+0.0096%1h$25.5M$116.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$44.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.7M$11.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h$471K$2.1M50xas long as short
Nado ETH-PERP+0.0100%1h$17.9M$113.6M50xas long as short
Aster ETHUSDT+0.0100%8h$270.8M$863.6M200xas long as short
Pacifica ETH+0.0100%1h$30.9M$216.7M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.51B$4.45B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.0M$14.6M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h$3.40B$8.64B200xas long as short
KuCoin ETHUSDTM+0.0100%8h$413.5M$678.9M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h$149.5M$304.5M—as long as short
edgeX ETHUSDC+0.0100%4h$177.9M$757.6M100xas long as short
StandX ETH-USD+0.0100%1h$21.1M$51.3M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.4M50xas long as short
Bullet ETH-USD+0.0100%1h$197K$1.9M20xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$26K25xas long as short
SunX ETH-USDT+0.0100%8h$950K$14.7M100xas long as short
Extended ETH-USD+0.0104%1h$31.6M$78.7M50xas long as short
Kalshi KXETHPERP+0.0113%8h$9.3M$553.6M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h$60.1M$4.76B50xas long as short
RISEx ETH/USDC+0.0122%1h$5.8M$13.1M25xas long as short
Deribit ETH-PERPETUAL+0.0132%1h$259.7M$214.4M50xas long as short
Derive ETH-PERP+0.0146%1h$42.6M$27.9M15xas long as short
Reya ETHRUSDPERP+0.0167%1h$7.3M$977K25xas long as short
Orderly PERP_ETH_USDC+0.0197%8h$32.3M$10.8M100xas long as short
BloFin ETH-USDT+0.0202%8h$294.0M$179.7M150xas long as short
Kraken Futures PF_ETHUSDshort+0.0263%1h$86.9M$315.7M100x
Aftermath Perps ETHUSD+0.0285%1h$29K$27K20xas long as short
Hyperliquid ETH+0.0561%1h$3.30B$2.17B25xas long as short