ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Bulk against Lighter RH−0.099%7-day average −0.019% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$90.095% of the position

Long on Lighter RH Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.099%, 7d avg −0.019%

Together, before fees+0.093%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.081% cheaper against Lighter RH than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,772.6	0.0096	pay 0.0012% / 1h	33m 33s	$25.8M	$111.2M	50x
Short	Bulk ETH-USD	2,769.8	0.0100	get 0.0013% / 1h	33m 33s	$171.6M	$277.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 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 Lighter RHbpFee BulkbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0.84
Price spread: −0.099% → −0.019%: −$8.09
Slippage, 4 orders: −$2.49
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$16.74
Costs to cover: 0.095%
Break-even: 146.5 days

Slippage from Lighter RH: live order book, 6 min ago; Bulk: live order book, 1 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 RH live order book, 6 min ago	0.50 bp	0.5 bp −$1	1.3 bp −$13	9.2 bp −$919	69.7 bp −$34.8K
Sell Bulk live order book, 1 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	3.5 bp −$352	4.0 bp −$1,981

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
Injective ETH/USDC PERP	−0.0752%	1h	2,762.9	−0.349%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,771	−0.056%	$5.6M	$11.2M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,769.6	−0.107%	$321K	$6.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772	−0.021%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,770.8	−0.065%	$168K	$1.1M	50x	as long as short
Phemex ETHUSDT	−0.0020%	8h	2,770.8	−0.066%	$269.7M	$67.4M	150x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.5	−0.039%	$876K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771	−0.058%	$12.2M	$45.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.4	−0.041%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0024%	8h	2,770.6	−0.071%	$1.71B	$11.21B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0024%	1h	2,770.6	−0.074%	$184K	$1.7M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,771.3	−0.047%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0036%	1h	2,771	−0.057%	$55.2M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,770.5	−0.077%	$256.7M	$885.8M	200x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,771.4	−0.042%	$1.63B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,770.4	−0.081%	$6.47B	$16.36B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,768.6	−0.145%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0062%	1h	2,772.2	−0.012%	$31K	$23K	20x	as long as short
HTX ETH-USDT	+0.0066%	8h	2,770.6	−0.072%	$1.08B	$1.26B	200x	as long as short
Bitget ETHUSDT	+0.0071%	8h	2,771.7	−0.033%	$2.10B	$2.88B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,772.4	−0.007%	$60.3M	$4.45B	50x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,771.6	−0.035%	$420.1M	$632.9M	100x	as long as short
Vest ETH-PERP	+0.0083%	1h	2,770.9	−0.061%	—	$878K	50x	as long as short
Gate ETH_USDT	+0.0094%	8h	2,771.5	−0.040%	$3.35B	$8.97B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,772	−0.023%	$115.3M	$457.5M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,772.6	long leg	$25.8M	$111.2M	50x
Paradex ETH-USD-PERP	+0.0099%	8h	2,772.3	−0.012%	$15.9M	$8.7M	50x	as long as short
SunX ETH-USDT	+0.0099%	8h	2,770.3	−0.081%	$972K	$13.3M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.7	−0.068%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.7	−0.069%	$14.7M	$114.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.3	+0.026%	$3.17B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.7	−0.032%	$31.3M	$323.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.9	−0.062%	$2.51B	$4.38B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.7	−0.068%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.2	−0.013%	$2.8M	$17.0M	25x	as long as short
Bulk ETH-USDshort	+0.0100%	1h	2,769.8	−0.099%	$171.6M	$277.9M	25x
BingX ETH-USDT	+0.0100%	8h	2,771.5	−0.041%	—	$1.21B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.6	−0.036%	$15.2M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,772.3	−0.011%	$142.1M	$343.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.9	−0.097%	$181.8M	$787.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,769.6	−0.109%	$161.0M	$84.9M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,772.1	−0.018%	$8.7M	$32.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.5	−0.075%	$21.4M	$62.1M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.6	−0.072%	$10.6M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.1	−0.053%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773	+0.016%	$42.6M	$29.0M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.9	−0.061%	$30.9M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,771.4	−0.042%	—	$37.0M	500x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,771.5	−0.039%	$8.0M	$682.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,772.5	−0.003%	$259.1M	$207.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,772.5	−0.002%	$93.4M	$316.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0149%	8h	2,773.9	+0.046%	$32.6M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,773.9	+0.046%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,768.4	−0.150%	$287.6M	$185.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0210%	1h	2,770.5	−0.075%	$7.3M	$1.2M	25x	as long as short