Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.019%
Price spread now: Bluefin against Lighter RH+0.077%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.077% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,802 | 0.0096 | pay 0.0012% / 1h | 31m 23s | $25.6M | $124.6M | 50x |
| Short | Bluefin ETH-PERP | 2,804.1 | 0.0100 | get 0.0013% / 1h | 31m 23s | $22K | $25K | 25x |
Lighter RH ETH
Bluefin ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Lighter RH. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.077% → 0.000%
- $7.74
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $1.58
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 3 min ago; Bluefin: no order-book sample. Net counts fees only.
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 RH live order book, 3 min ago | 1.84 bp | 1.9 bp −$2 | 2.8 bp −$28 | 11.0 bp −$1,101 | 70.1 bp −$35.1K |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2,800.7 | −0.044% | $297K | $6.8M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,800.1 | −0.066% | $5K | $2K | 50x | as long as short |
| Phemex ETHUSDT | −0.0034% | 8h | 2,800.4 | −0.054% | $270.0M | $66.1M | 150x | as long as short |
| Phoenix ETH | −0.0032% | 1h | 2,806.7 | +0.170% | $807K | $3.5M | 25x | as long as short |
| RISEx ETH/USDC | −0.0005% | 1h | 2,800.7 | −0.044% | $5.8M | $12.2M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,802.1 | +0.006% | $13.8M | $43.8M | 50x | as long as short |
| Injective ETH/USDC PERP | +0.0003% | 1h | 2,800 | −0.070% | $120K | $22.5M | 52x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,804.1 | +0.077% | $22.7M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0016% | 8h | 2,803.7 | +0.062% | $1.70B | $11.95B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0025% / S +0.0011% | 1h | 2,803.8 | +0.065% | $12.9M | — | 200x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
Phemex ETHUSDT
Phoenix ETH
RISEx ETH/USDC
dYdX ETH-USD
Injective ETH/USDC PERP
gTrade (Gains Network) ETH/USD
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0032% | 1h | 2,800.4 | −0.055% | $177K | $1.2M | 50x | as long as short |
| MEXC ETH_USDT | +0.0046% | 8h | 2,802.1 | +0.006% | $1.57B | $2.56B | 500x | as long as short |
| Binance ETHUSDT | +0.0046% | 8h | 2,803.7 | +0.061% | $6.52B | $17.10B | 150x | as long as short |
| Bulk ETH-USD | +0.0047% | 1h | 2,803.2 | +0.044% | $167.8M | $262.8M | 25x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,803.2 | +0.045% | $5.1M | $651K | 20x | as long as short |
| Gate ETH_USDT | +0.0062% | 8h | 2,803.4 | +0.051% | $3.34B | $9.50B | 200x | as long as short |
| Bitget ETHUSDT | +0.0071% | 8h | 2,804 | +0.072% | $2.11B | $3.14B | 150x | as long as short |
| Aster ETHUSDT | +0.0076% | 8h | 2,801.8 | −0.005% | $263.1M | $997.1M | 200x | as long as short |
| Aftermath Perps ETHUSD | +0.0077% | 1h | 2,795.6 | −0.228% | $30K | $22K | 20x | as long as short |
| Bullet ETH-USD | +0.0095% | 1h | 2,802.4 | +0.016% | $192K | $1.8M | 20x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,800.7 | −0.043% | $117.0M | $513.4M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,802 | long leg | $25.6M | $124.6M | 50x | |
| Variational Omni ETH | +0.0099% | 8h | 2,794 | −0.282% | $141.4M | $311.2M | — | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,800.7 | −0.045% | $487K | $2.7M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,850.6 | +1.735% | $16.6M | $11.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,800.7 | −0.046% | $17.5M | $115.2M | 50x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,801.2 | −0.026% | $31.8M | $271.8M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,804.5 | +0.092% | $2.55B | $4.61B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,799.9 | −0.073% | $2.9M | $16.4M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,802.3 | +0.013% | $2.8M | $17.1M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,801.5 | −0.018% | $410.0M | $737.5M | 100x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,803.5 | +0.056% | — | $1.17B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,801.6 | −0.013% | $15.6M | $42.4M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,796.6 | −0.190% | $178.9M | $776.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,798.4 | −0.127% | $162.8M | $96.6M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,795.3 | −0.238% | $8.4M | $29.2M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,797.6 | −0.155% | $21.6M | $58.4M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,801.6 | −0.013% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,802.7 | +0.027% | $10.9M | $8.0M | 50x | as long as short |
| Bluefin ETH-PERPshort | +0.0100% | 1h | 2,804.1 | +0.077% | $22K | $25K | 25x | |
| SunX ETH-USDT | +0.0100% | 8h | 2,798.3 | −0.130% | $980K | $14.4M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,804.1 | +0.077% | $54.1M | $208.8M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,802.4 | +0.015% | $1.09B | $1.30B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,799.9 | −0.073% | $31.7M | $76.1M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,802.9 | +0.032% | — | $46.7M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,804 | +0.073% | $60.7M | $4.68B | 50x | as long as short |
| Orderly PERP_ETH_USDC | +0.0115% | 8h | 2,807.2 | +0.187% | $32.9M | $11.5M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0134% | 1h | 2,803.6 | +0.060% | $89.3M | $336.0M | 100x | as long as short |
| Kalshi KXETHPERP | +0.0146% | 8h | 2,803.5 | +0.055% | $8.8M | $660.4M | 4.9x | as long as short |
| Hyperliquid ETH | +0.0158% | 1h | 2,803.7 | +0.062% | $3.28B | $2.31B | 25x | as long as short |
| BloFin ETH-USDT | +0.0166% | 8h | 2,803.7 | +0.061% | $292.1M | $196.3M | 150x | as long as short |
| Hibachi ETH/USDT-P | +0.0208% | 1h | 2,801.6 | −0.013% | $260K | $1.6M | 20x | as long as short |
| Reya ETHRUSDPERP | +0.0210% | 1h | 2,800 | −0.068% | $7.6M | $985K | 25x | as long as short |
| Deribit ETH-PERPETUAL | +0.0253% | 1h | 2,804.3 | +0.085% | $259.2M | $220.4M | 50x | as long as short |
| Derive ETH-PERP | +0.0303% | 1h | 2,807.8 | +0.210% | $43.4M | $29.1M | 15x | as long as short |
01 Exchange ETHUSD
MEXC ETH_USDT
Binance ETHUSDT
Bulk ETH-USD
Aevo ETH-PERP
Gate ETH_USDT
Bitget ETHUSDT
Aster ETHUSDT
Aftermath Perps ETHUSD
Bullet ETH-USD
Lighter ETH
Variational Omni ETH
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
KuCoin ETHUSDTM
BingX ETH-USDT
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
Kalshi KXETHPERP
Hyperliquid ETH
BloFin ETH-USDT
Hibachi ETH/USDT-P
Reya ETHRUSDPERP
Deribit ETH-PERPETUAL
Derive ETH-PERP