ETH

Alert

Funding spread now, next payment 15:00 UTC+0.0004%/8h

paid, last 24h−0.002%paid, last 3 days−0.099%to open and closeno order book

Long on Lighter RH Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,725.7	0.0096	pay 0.0012% / 1h	47m 37s	$25.7M	$114.8M	50x
Short	Variational Omni ETH	2,716.9	0.0100	get 0.0100% / 8h	1h 47m	$152.0M	$291.2M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Variational OmnibpOrdersRate

Funding earned: $0.84
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.84
Break-even: 0.0 days

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.324%
Avg gap 7d: −0.020%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	1.03 bp	1.0 bp −$1	1.8 bp −$18	11.9 bp −$1,188	73.9 bp −$36.9K
Sell Variational Omni RFQ quote, 3 min ago	0.48 bp	doesn't fit	0.5 bp −$5	6.6 bp −$664	doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	$190K	$5.3M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0112%	1h	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	$5K	$1K	50x	as long as short
Gate ETH_USDT	−0.0039%	8h	$3.67B	$8.30B	200x	as long as short
ApeX Omni ETHUSDT	−0.0002%	1h	$7.6M	$27.3M	100x	as long as short
Kalshi KXETHPERP	0.0000%	8h	$4.6M	$479.3M	4.9x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	$22.1M	—	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0016% / S +0.0014%	1h	$11.6M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0018%	8h	$1.71B	$10.58B	100x	as long as short
Phemex ETHUSDT	+0.0034%	8h	$263.5M	$65.6M	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack ETH_USDC_PERP	+0.0037%	1h	$15.4M	$38.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0056%	1h	$60.9M	$4.67B	50x	as long as short
Bullet ETH-USD	+0.0063%	1h	$182K	$1.9M	20x	as long as short
Phoenix ETH	+0.0070%	1h	$1.4M	$2.4M	25x	as long as short
Bitget ETHUSDT	+0.0080%	8h	$2.13B	$2.96B	150x	as long as short
SoDEX ETH-USD	+0.0089%	1h	$55.4M	$139.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	$118.8M	$470.4M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	$25.7M	$114.8M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	—	$41.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	$4.9M	$778K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	$14.1M	$11.4M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	$468K	$1.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	$18.9M	$110.8M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	$267.1M	$810.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	$30.9M	$188.4M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	$6.55B	$14.53B	150x	as long as short
Bybit ETHUSDT	+0.0100%	8h	$2.42B	$4.27B	150x	as long as short
Arcus ETH-USD	+0.0100%	1h	$2.3M	$14.0M	25x	as long as short
MEXC ETH_USDT	+0.0100%	8h	$1.54B	$2.32B	500x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	$392.1M	$669.0M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	—	$16.1M	—	as long as short
Variational Omni ETHshort	+0.0100%	8h	$152.0M	$291.2M	—
edgeX ETHUSDC	+0.0100%	4h	$191.8M	$666.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	$20.8M	$55.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	—	$1.2M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	$10.7M	$4.8M	50x	as long as short
SunX ETH-USDT	+0.0100%	8h	$940K	$14.0M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	$1.08B	$1.14B	200x	as long as short
Bulk ETH-USD	+0.0100%	1h	$150.8M	$274.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	$32.7M	$72.6M	50x	as long as short
Reya ETHRUSDPERP	+0.0148%	1h	$7.3M	$911K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0213%	8h	$32.0M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0220%	8h	$295.0M	$168.1M	150x	as long as short
Aftermath Perps ETHUSD	+0.0222%	1h	$29K	$34K	20x	as long as short
Hibachi ETH/USDT-P	+0.0240%	1h	$307K	$1.2M	20x	as long as short
Hyperliquid ETH	+0.0257%	1h	$3.18B	$2.06B	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0261%	1h	$85.0M	$313.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0264%	1h	$259.4M	$209.0M	50x	as long as short
RISEx ETH/USDC	+0.0266%	1h	$5.9M	$13.5M	25x	as long as short
Ondo Perps ETH-USD.P	+0.0289%	1h	$3.2M	$12.6M	25x	as long as short
dYdX ETH-USD	+0.0424%	1h	$24.5M	$21.4M	50x	as long as short
01 Exchange ETHUSD	+0.0568%	1h	$186K	$1.0M	50x	as long as short
Derive ETH-PERP	+0.0753%	1h	$42.2M	$18.9M	15x	as long as short
Bluefin ETH-PERP	+0.0894%	1h	$19K	$24K	25x	as long as short