ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.044%

Price spread now: Jupiter Perps against Lighter RH−0.004%7-day average −0.041% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.004%, 7d avg −0.041%

Together, before fees−0.186%+ Points / potential airdropLighter RH: Points live · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.037% dearer against Lighter RH than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.041%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,724.9	0.0096	pay 0.0012% / 1h	29m 38s	$23.6M	$96.3M	50x
Short	Jupiter Perps ETH-PERP	2,724.8	L +0.0096% / S +0.0056%	pay 0.0007% / 1h	29m 38s	—	$30.4M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Jupiter PerpsbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$31.92
Price spread: −0.004% → −0.041%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$40.22
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; Jupiter Perps: 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, 4 min ago	0.81 bp	0.8 bp −$1	1.4 bp −$14	6.2 bp −$621	61.4 bp −$30.7K
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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
BloFin ETH-USDT	−0.0166%	8h	2,723.9	−0.037%	$279.9M	$176.3M	150x	as long as short
HTX ETH-USDT	−0.0151%	8h	2,722.3	−0.096%	$1.04B	$1.20B	200x	as long as short
Perpl ETH	−0.0112%	43m	2,723.2	−0.061%	$275K	$5.7M	8.3x	as long as short
SunX ETH-USDT	−0.0096%	8h	2,722.5	−0.089%	$938K	$10.5M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	−0.032%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0068%	8h	2,722.3	−0.094%	$2.31B	$4.29B	150x	as long as short
ApeX Omni ETHUSDT	−0.0014%	1h	2,726.8	+0.069%	$8.3M	$31.3M	100x	as long as short
Phoenix ETH	−0.0012%	1h	2,732	+0.262%	$806K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.3	−0.058%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.5	−0.049%	$10.5M	$41.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXETHPERP	0.0000%	8h	2,724.1	−0.028%	$6.6M	$669.4M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.1	−0.029%	$265.8M	$222.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,723.6	−0.048%	$32.9M	—	200x	as long as short
Gate ETH_USDT	+0.0025%	8h	2,722.9	−0.073%	$3.27B	$8.27B	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,723.9	−0.036%	$194K	$886K	50x	as long as short
Hibachi ETH/USDT-P	+0.0040%	1h	2,724.9	0.000%	$237K	$1.4M	20x	as long as short
SoDEX ETH-USD	+0.0042%	1h	2,723.6	−0.047%	$54.3M	$182.4M	40x	as long as short
Aster ETHUSDT	+0.0068%	8h	2,723.1	−0.063%	$252.0M	$841.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,722.7	−0.079%	$1.65B	$10.59B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,722.3	−0.094%	$4.9M	$195K	20x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,723.1	−0.067%	$6.30B	$15.97B	150x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,723	−0.070%	$382.2M	$564.2M	100x	as long as short
MEXC ETH_USDT	+0.0083%	8h	2,722.8	−0.075%	$1.58B	$2.56B	500x	as long as short
Bullet ETH-USD	+0.0088%	1h	2,723.2	−0.061%	$175K	$1.7M	20x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,723.1	−0.067%	$262.3M	$63.1M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,723.8	−0.038%	$112.3M	$402.4M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,724.9	long leg	$23.6M	$96.3M	50x
Jupiter Perps ETH-PERPshort	L +0.0096% / S +0.0056%	1h	2,724.8	−0.004%	—	$30.4M	500x
Katana Perps ETH-USD	+0.0100%	8h	2,722.8	−0.076%	$497K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,726.9	+0.073%	$15.4M	$7.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724.1	−0.028%	$14.3M	$100.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.3	+0.016%	$3.10B	$2.03B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.2	−0.025%	$31.9M	$331.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722.7	−0.080%	$2.7M	$16.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,723.2	−0.060%	$1.6M	$15.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.4	+0.166%	$164.7M	$339.6M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,722.8	−0.077%	$2.11B	$2.72B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,722.5	−0.087%	—	$1.04B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,723.2	−0.063%	$15.1M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	−0.029%	$131.7M	$315.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.5	+0.098%	$185.6M	$683.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.8	+0.254%	$158.8M	$80.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,726.6	+0.063%	$20.9M	$70.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.4	+0.021%	—	$436K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,722.5	−0.087%	$11.2M	$9.3M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.3	−0.020%	$40.5M	$29.1M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,721.9	−0.109%	$30.4M	$70.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,723.3	−0.057%	$81.8M	$308.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0116%	1h	2,728.6	+0.137%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,723.9	−0.037%	$45.7M	$4.21B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,723.6	−0.047%	$5.6M	$11.4M	25x	as long as short
Reya ETHRUSDPERP	+0.0172%	1h	2,721.9	−0.108%	$7.3M	$964K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	2,725	+0.004%	$32.1M	$10.8M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,729.2	+0.159%	$204K	$21.4M	52x	as long as short
Bluefin ETH-PERP	+0.1569%	1h	2,723.7	−0.042%	$20K	$23K	25x	as long as short