Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.006%
Price spread now: RISEx against Lighter RH−0.058%7-day average −0.020% · 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−$13as in the Price arb table
costs, in and out, $10k−$90.094% of the position
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now −0.058%, 7d avg −0.020%
=Together, before fees+0.067%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.038% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.020%). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,733.7 | 0.0096 | pay 0.0012% / 1h | 17m 25s | $23.4M | $104.6M | 50x |
| Short | RISEx ETH/USDC | 2,732.1 | 0.0107 | get 0.0013% / 1h | 17m 25s | $5.6M | $11.8M | 25x |
Lighter RH ETH
RISEx ETH/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $2.28
- Price spread: −0.058% → −0.020%
- −$3.79
- Slippage, 4 orders
- −$3.43
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$10.94
- Costs to cover
- 0.094%
- Break-even
- 40.6 days
Slippage from Lighter RH: live order book, 7 min ago; RISEx: live order book, 2 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, 7 min ago | 0.84 bp | 0.8 bp −$1 | 1.8 bp −$18 | 11.4 bp −$1,140 | 75.6 bp −$37.8K |
| Sell RISEx live order book, 2 min ago | 0.02 bp | 4.2 bp −$4 | 5.4 bp −$54 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0335% | 43m | 2,730.9 | −0.103% | $297K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,732.2 | −0.053% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0015% | 8h | 2,730.2 | −0.127% | $1.06B | $1.20B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,731.6 | −0.075% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,731.2 | −0.090% | $817K | $2.9M | 25x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,730.8 | −0.105% | $6.4M | $685.2M | 4.9x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,731.7 | −0.074% | $28.0M | — | 200x | as long as short |
| dYdX ETH-USD | +0.0007% | 1h | 2,732.6 | −0.040% | $10.7M | $42.1M | 50x | as long as short |
| Bullet ETH-USD | +0.0027% | 1h | 2,731.2 | −0.092% | $179K | $1.7M | 20x | as long as short |
| BingX ETH-USDT | +0.0027% | 8h | 2,731.4 | −0.084% | — | $1.14B | — | as long as short |
Perpl ETH
Hotstuff ETH-PERP
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
Kalshi KXETHPERP
gTrade (Gains Network) ETH/USD
dYdX ETH-USD
Bullet ETH-USD
BingX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0036% | 8h | 2,731.3 | −0.086% | $2.36B | $4.38B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,731.8 | −0.068% | $187K | $814K | 50x | as long as short |
| SunX ETH-USDT | +0.0065% | 8h | 2,728.4 | −0.194% | $957K | $11.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0066% | 8h | 2,731.5 | −0.078% | $377.6M | $574.9M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0076% | 8h | 2,731.5 | −0.078% | $1.67B | $10.76B | 100x | as long as short |
| Aevo ETH-PERP | +0.0080% | 1h | 2,730.6 | −0.113% | $4.9M | $155K | 20x | as long as short |
| Deribit ETH-PERPETUAL | +0.0080% | 1h | 2,732.1 | −0.058% | $258.6M | $201.8M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0082% | 1h | 2,730.2 | −0.128% | $8.6M | $31.2M | 100x | as long as short |
| SoDEX ETH-USD | +0.0084% | 1h | 2,730.7 | −0.108% | $54.4M | $187.8M | 40x | as long as short |
| Aster ETHUSDT | +0.0084% | 8h | 2,731.3 | −0.085% | $250.9M | $840.3M | 200x | as long as short |
| MEXC ETH_USDT | +0.0087% | 8h | 2,731.3 | −0.088% | $1.55B | $2.57B | 500x | as long as short |
| Phemex ETHUSDT | +0.0087% | 8h | 2,731.1 | −0.092% | $264.7M | $64.9M | 150x | as long as short |
| Binance ETHUSDT | +0.0088% | 8h | 2,731.3 | −0.086% | $6.33B | $15.95B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,732.2 | −0.052% | $112.4M | $434.9M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,733.7 | long leg | $23.4M | $104.6M | 50x | |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,731.8 | −0.070% | — | $31.0M | 500x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,731.2 | −0.090% | $117K | $22.5M | 52x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,731.3 | −0.086% | $500K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,732.8 | −0.030% | $15.5M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,731.2 | −0.090% | $13.9M | $104.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,733.2 | −0.017% | $3.09B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,732.6 | −0.039% | $31.9M | $334.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,731.3 | −0.086% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,732.3 | −0.048% | $1.5M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,728.2 | −0.199% | $169.5M | $307.4M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,731.5 | −0.079% | $3.33B | $8.94B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,731.1 | −0.093% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,730.9 | −0.101% | $14.9M | $41.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,730.3 | −0.121% | $134.3M | $322.7M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,729 | −0.170% | $183.6M | $672.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,731.4 | −0.081% | $158.9M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,730 | −0.134% | $21.0M | $70.0M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,732 | −0.061% | — | $845K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,732.6 | −0.039% | $11.2M | $9.4M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,731.8 | −0.068% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,732.7 | −0.034% | $41.0M | $29.9M | 15x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,730.9 | −0.101% | $30.5M | $73.4M | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0107% | 1h | 2,731.5 | −0.078% | $30K | $20K | 20x | as long as short |
| RISEx ETH/USDCshort | +0.0107% | 1h | 2,732.1 | −0.058% | $5.6M | $11.8M | 25x | |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,732.6 | −0.039% | $50.6M | $4.28B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,731.7 | −0.072% | $83.6M | $315.9M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0192% | 8h | 2,733.9 | +0.009% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0209% | 1h | 2,730.4 | −0.120% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,731.4 | −0.082% | $246K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0350% | 8h | 2,730.6 | −0.112% | $283.0M | $174.8M | 150x | as long as short |
Bybit ETHUSDT
01 Exchange ETHUSD
SunX ETH-USDT
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Aevo ETH-PERP
Deribit ETH-PERPETUAL
ApeX Omni ETHUSDT
SoDEX ETH-USD
Aster ETHUSDT
MEXC ETH_USDT
Phemex ETHUSDT
Binance ETHUSDT
Lighter ETH
Jupiter Perps ETH-PERP
Injective ETH/USDC PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk 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
Extended ETH-USD
Aftermath Perps ETHUSD
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT