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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.001%
Price spread now: KuCoin against Lighter−0.014%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Long on LighterShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.014%, 7d avg −0.009%
Together, before fees−0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,724.60.0096pay 0.0012% / 1h35m 25s$112.2M$430.6M50x
ShortKuCoin ETHUSDTM2,724.20.0072get 0.0072% / 8h35m 25s$383.8M$577.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$5.04
Price spread: −0.014% → −0.009%
−$0.49
Slippage, 4 orders
−$1.54
Fee Lighter: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$19.07
Costs to cover
0.135%
Break-even
never at this rate
Slippage from Lighter: live order book, 9 min ago; KuCoin: live order book, 4 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, 9 min ago0.11 bp0.1 bp $00.9 bp −$91.4 bp −$1374.1 bp −$2,037
Sell KuCoin live order book, 4 min ago0.02 bp6.5 bp −$67.7 bp −$7710.8 bp −$1,080doesn't fit

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
Perpl ETH−0.0447%43m2,725+0.018%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0183%8h2,723.9−0.024%$280.3M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724−0.020%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,725.1+0.020%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.5+0.036%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,725+0.017%$10.5M$42.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.8+0.046%$6.6M$682.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.8+0.047%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.6+0.040%$32.9M—200xas long as short
BingX ETH-USDC+0.0019%8h2,722.9−0.062%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0022%8h2,723.1−0.055%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0027%8h2,724.2−0.013%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724−0.020%$190K$891K50xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,724.3−0.011%$8.5M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,726.3+0.064%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.5+0.033%$82.1M$310.0M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,725.8+0.045%$239K$1.4M20xas long as short
KuCoin ETHUSDTMshort+0.0072%8h2,724.2−0.014%$383.8M$577.9M100x
OKX ETH-USDT-SWAP+0.0072%8h2,723−0.055%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0077%8h2,723.3−0.045%$252.2M$849.5M200xas long as short
SoDEX ETH-USD+0.0085%1h2,724.8+0.009%$54.3M$187.2M40xas long as short
Aevo ETH-PERP+0.0088%1h2,722.4−0.077%$4.9M$185K20xas long as short
MEXC ETH_USDT+0.0090%8h2,723.5−0.037%$1.57B$2.57B500xas long as short
Binance ETHUSDT+0.0090%8h2,723.3−0.045%$6.30B$16.17B150xas long as short
Lighter ETHlong+0.0096%1h2,724.6long leg$112.2M$430.6M50x
Lighter RH ETH+0.0096%1h2,725.7+0.044%$23.4M$102.1M50xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,728.4+0.143%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,723.1−0.053%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.3+0.099%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,724−0.020%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.3+0.064%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,724.7+0.006%$31.9M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.3−0.046%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.1−0.016%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.062%$163.3M$356.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.6−0.036%$3.30B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.6−0.033%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724.9+0.012%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1−0.016%$133.4M$317.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.6+0.001%$185.3M$682.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.6+0.113%$158.6M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,724.5−0.002%$20.9M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.4+0.031%—$446K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,724.8+0.009%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.1+0.020%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,725.5+0.035%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,726.6+0.073%$40.8M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.1−0.055%$955K$10.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,725.2+0.023%$262.8M$64.5M150xas long as short
Extended ETH-USD+0.0104%1h2,722.6−0.073%$30.4M$72.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724−0.020%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.8+0.046%$46.7M$4.29B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724−0.019%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0182%1h2,722.9−0.060%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,727.7+0.115%$32.1M$11.2M100xas long as short