Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bullet against Lighter RH−0.061%7-day average −0.016% · 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−$130.130% of the position
Funding, last 3 days (all we have)−0.046%−$5 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.061%, 7d avg −0.016%
=Together, before fees+0.012%+ Points / potential airdropLighter RH: Points live · farm board+$1 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: Bullet is 0.046% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,732.7 | 0.0096 | pay 0.0012% / 1h | 0m 17s | $23.5M | $103.6M | 50x |
| Short | Bullet ETH-USD | 2,731 | 0.0093 | get 0.0012% / 1h | 0m 17s | $187K | $1.7M | 20x |
Lighter RH ETH
Bullet ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$0.72
- Price spread: −0.061% → −0.016%
- −$4.55
- Slippage, 4 orders
- −$4.97
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$18.24
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Bullet: live order book, 4 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, 4 min ago | 0.64 bp | 0.7 bp −$1 | 1.6 bp −$16 | 10.2 bp −$1,018 | doesn't fit |
| Sell Bullet live order book, 4 min ago | 0.55 bp | 5.9 bp −$6 | 9.2 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,729.1 | −0.131% | $5K | $1K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0040% | 1h | 2,734.2 | +0.056% | $117K | $22.5M | 52x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,731.4 | −0.047% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,730 | −0.098% | $812K | $3.0M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,729.6 | −0.112% | $10.5M | $42.8M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,730.6 | −0.076% | $6.6M | $682.3M | 4.9x | as long as short |
| Perpl ETH | 0.0000% | 43m | 2,730.2 | −0.091% | $288K | $5.8M | 8.3x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,731.8 | −0.033% | $262.5M | $213.3M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,731.4 | −0.045% | $33.0M | — | 200x | as long as short |
| ApeX Omni ETHUSDT | +0.0014% | 1h | 2,732.5 | −0.006% | $8.6M | $31.5M | 100x | as long as short |
Hotstuff ETH-PERP
Injective ETH/USDC PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
Kalshi KXETHPERP
Perpl ETH
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USD
ApeX Omni ETHUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDT | +0.0022% | 8h | 2,730.9 | −0.066% | — | $1.10B | — | as long as short |
| 01 Exchange ETHUSD | +0.0024% | 1h | 2,730.6 | −0.076% | $191K | $890K | 50x | as long as short |
| Bybit ETHUSDT | +0.0026% | 8h | 2,730.6 | −0.077% | $2.33B | $4.38B | 150x | as long as short |
| HTX ETH-USDT | +0.0030% | 8h | 2,730.7 | −0.074% | $1.05B | $1.22B | 200x | as long as short |
| KuCoin ETHUSDTM | +0.0069% | 8h | 2,730.6 | −0.075% | $385.8M | $577.4M | 100x | as long as short |
| SoDEX ETH-USD | +0.0074% | 1h | 2,730.8 | −0.068% | $54.4M | $187.2M | 40x | as long as short |
| OKX ETH-USDT-SWAP | +0.0079% | 8h | 2,730.6 | −0.076% | $1.65B | $10.86B | 100x | as long as short |
| Aster ETHUSDT | +0.0080% | 8h | 2,731 | −0.061% | $253.0M | $847.4M | 200x | as long as short |
| MEXC ETH_USDT | +0.0092% | 8h | 2,731.2 | −0.055% | $1.54B | $2.61B | 500x | as long as short |
| Bullet ETH-USDshort | +0.0093% | 1h | 2,731 | −0.061% | $187K | $1.7M | 20x | |
| Binance ETHUSDT | +0.0093% | 8h | 2,731 | −0.060% | $6.33B | $16.12B | 150x | as long as short |
| Phemex ETHUSDT | +0.0094% | 8h | 2,731.1 | −0.058% | $263.0M | $64.4M | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,731.4 | −0.047% | $112.7M | $440.0M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,732.7 | long leg | $23.5M | $103.6M | 50x | |
| Aevo ETH-PERP | +0.0096% | 1h | 2,728.1 | −0.168% | $4.9M | $174K | 20x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,730 | −0.098% | $501K | $3.5M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,734.4 | +0.062% | $15.4M | $7.8M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,728.9 | −0.139% | $14.1M | $104.8M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,733.2 | +0.019% | $3.10B | $2.05B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,730 | −0.097% | $32.0M | $332.9M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,729.6 | −0.112% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,731.3 | −0.052% | $1.5M | $16.1M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,731 | −0.061% | $3.30B | $9.06B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,730.9 | −0.067% | $2.10B | $2.77B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,728.9 | −0.138% | $15.1M | $41.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,728 | −0.171% | $134.0M | $320.4M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,730.3 | −0.087% | $185.6M | $683.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,730.1 | −0.093% | $158.7M | $83.7M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,729.4 | −0.120% | $21.0M | $70.2M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,731.8 | −0.032% | — | $445K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,732.2 | −0.017% | $11.2M | $9.5M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,731.1 | −0.059% | $22K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,732.6 | −0.001% | $40.9M | $30.1M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,729.5 | −0.116% | $956K | $10.9M | 100x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,729 | −0.135% | $162.7M | $352.6M | 25x | as long as short |
| Aftermath Perps ETHUSD | +0.0101% | 1h | 2,731.8 | −0.032% | $30K | $20K | 20x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,729.9 | −0.101% | $30.4M | $72.9M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0056% | 1h | 2,729.4 | −0.119% | — | $30.5M | 500x | as long as short |
| Hibachi ETH/USDT-P | +0.0112% | 1h | 2,729.7 | −0.107% | $243K | $1.4M | 20x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,732 | −0.026% | $46.5M | $4.30B | 50x | as long as short |
| RISEx ETH/USDC | +0.0115% | 1h | 2,731.1 | −0.057% | $5.6M | $11.6M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0185% | 8h | 2,733.1 | +0.015% | $32.2M | $11.4M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0186% | 1h | 2,730 | −0.098% | $7.3M | $975K | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0211% | 1h | 2,731.2 | −0.053% | $82.2M | $309.8M | 100x | as long as short |
| BloFin ETH-USDT | +0.0222% | 8h | 2,729 | −0.136% | $281.1M | $177.2M | 150x | as long as short |
BingX ETH-USDT
01 Exchange ETHUSD
Bybit ETHUSDT
HTX ETH-USDT
KuCoin ETHUSDTM
SoDEX ETH-USD
OKX ETH-USDT-SWAP
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Phemex ETHUSDT
Lighter ETH
Aevo ETH-PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
Bulk ETH-USD
Aftermath Perps ETHUSD
Extended ETH-USD
Jupiter Perps ETH-PERP
Hibachi ETH/USDT-P
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
BloFin ETH-USDT