Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: Kraken Futures against Lighter RH−0.022%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.150% of the position
Long on Lighter RHShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.022%, 7d avg −0.046%
Together, before fees+0.010%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,755.80.0096pay 0.0012% / 1h1m 06s$25.3M$113.5M50x
ShortKraken Futures PF_ETHUSD2,755.20.0135get 0.0017% / 1h1m 06s$96.7M$315.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$8.13
Price spread: −0.022% → −0.046%
$2.42
Slippage, 4 orders
−$4.96
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$4.41
Costs to cover
0.150%
Break-even
10.8 days
Slippage from Lighter RH: live order book, 3 min ago; Kraken Futures: live order book, 3 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 RH live order book, 3 min ago0.27 bp1.0 bp −$11.1 bp −$117.0 bp −$70363.1 bp −$31.5K
Sell Kraken Futures live order book, 3 min ago0.36 bp6.1 bp −$66.7 bp −$678.5 bp −$84713.3 bp −$6,635

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
Injective ETH/USDC PERP−0.0752%1h2,760.5+0.171%$118K$22.5M52xas long as short
Perpl ETH−0.0447%43m2,757.3+0.054%$323K$6.1M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,756.1+0.011%$5.7M$11.2M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,757.2+0.051%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,756.2+0.015%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,768.6+0.465%$868K$3.7M25xas long as short
dYdX ETH-USD+0.0003%1h2,757.8+0.073%$12.2M$43.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,756.3+0.017%$22.3M—200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0009% / S +0.0025%1h2,756.2+0.013%$12.4M—200xas long as short
Bullet ETH-USD+0.0018%1h2,755.80.000%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0033%8h2,753.2−0.094%$1.69B$10.96B100xas long as short
Aster ETHUSDT+0.0044%8h2,754.1−0.061%$259.3M$851.7M200xas long as short
SoDEX ETH-USD+0.0047%1h2,753.9−0.069%$54.8M$187.7M40xas long as short
Binance ETHUSDT+0.0055%8h2,754.4−0.051%$6.42B$16.10B150xas long as short
MEXC ETH_USDT+0.0055%8h2,753.6−0.080%$1.59B$2.68B500xas long as short
Aevo ETH-PERP+0.0056%1h2,753.6−0.078%$4.9M$156K20xas long as short
HTX ETH-USDT+0.0059%8h2,753.3−0.092%$1.07B$1.23B200xas long as short
Gate ETH_USDT+0.0063%8h2,753.7−0.078%$3.38B$9.17B200xas long as short
BingX ETH-USDC+0.0071%8h2,753.1−0.098%—$17.3M—as long as short
Aftermath Perps ETHUSD+0.0072%1h2,765.1+0.338%$31K$21K20xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,759.4+0.130%$8.8M$31.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,755.4−0.015%$59.9M$4.38B50xas long as short
Phemex ETHUSDT+0.0081%8h2,754.4−0.052%$268.0M$65.9M150xas long as short
Bitget ETHUSDT+0.0082%8h2,753.3−0.091%$2.08B$2.83B150xas long as short
Vest ETH-PERP+0.0089%1h2,757.2+0.052%—$870K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,754.6−0.045%$392.6M$603.4M100xas long as short
Variational Omni ETH+0.0094%8h2,755−0.030%$133.6M$346.5M—as long as short
Lighter ETH+0.0096%1h2,754.2−0.058%$114.0M$462.6M50xas long as short
Lighter RH ETHlong+0.0096%1h2,755.8long leg$25.3M$113.5M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,757.7+0.069%—$35.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,761.7+0.215%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,756.3+0.019%$473K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,757.1+0.048%$14.3M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,755.7−0.003%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,757.9+0.077%$31.2M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,753.5−0.085%$2.48B$4.29B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,756.2+0.015%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,756.9+0.041%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.578%$172.0M$293.3M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,752.8−0.110%$15.0M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,760.9+0.184%$183.2M$752.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.1+0.409%$160.9M$82.6M50xas long as short
StandX ETH-USD+0.0100%1h2,758.8+0.109%$21.3M$65.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,755.6−0.007%$10.4M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,755.6−0.008%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,756.4+0.024%$42.3M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,753.4−0.086%$964K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,753.8−0.072%$30.6M$74.7M50xas long as short
Kalshi KXETHPERP+0.0123%8h2,756.8+0.037%$7.9M$670.3M4.9xas long as short
Kraken Futures PF_ETHUSDshort+0.0135%1h2,755.2−0.022%$96.7M$315.6M100x
Deribit ETH-PERPETUAL+0.0142%1h2,755.7−0.003%$259.0M$200.7M50xas long as short
Orderly PERP_ETH_USDC+0.0158%8h2,757.2+0.053%$32.5M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,759.2+0.122%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,752.4−0.123%$287.3M$177.2M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,755.7−0.005%$7.3M$1.1M25xas long as short