Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Vest against Lighter RH−0.002%7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.002%, 7d avg −0.023%
=Together, before fees+0.106%+ Points / potential airdropLighter RH: Points live · Vest: Active · farm board+$11 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: Vest is 0.021% dearer against Lighter RH than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ETH | 2,733.8 | 0.0096 | pay 0.0012% / 1h | 22m 49s | $23.5M | $103.2M | 50x |
| Short | Vest ETH-PERP | 2,733.7 | 0.0100 | get 0.0013% / 1h | 22m 49s | — | $445K | 50x |
Lighter RH ETH
Vest ETH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $0.84
- Price spread: −0.002% → −0.023%
- $2.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $0.9
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 6 min ago; Vest: 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, 6 min ago | 0.86 bp | 1.4 bp −$1 | 3.0 bp −$30 | 12.1 bp −$1,207 | 72.8 bp −$36.4K |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0112% | 43m | 2,731.8 | −0.073% | $288K | $5.8M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,733.4 | −0.015% | $5K | $1K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0040% | 1h | 2,727.6 | −0.227% | $117K | $22.5M | 52x | as long as short |
| ApeX Omni ETHUSDT | −0.0018% | 1h | 2,730 | −0.138% | $8.6M | $31.5M | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,732.9 | −0.034% | $12.0M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,733.3 | −0.018% | $813K | $3.0M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,733.7 | −0.003% | $10.5M | $42.9M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,733.1 | −0.026% | $6.5M | $685.9M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,733.4 | −0.014% | $262.6M | $214.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,732.9 | −0.032% | $33.0M | — | 200x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
Injective ETH/USDC PERP
ApeX Omni ETHUSDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ETHUSD | +0.0016% | 1h | 2,732.1 | −0.062% | $191K | $893K | 50x | as long as short |
| HTX ETH-USDT | +0.0018% | 8h | 2,732.1 | −0.061% | $1.05B | $1.23B | 200x | as long as short |
| BingX ETH-USDC | +0.0025% | 8h | 2,731.8 | −0.074% | — | $18.6M | — | as long as short |
| Bybit ETHUSDT | +0.0030% | 8h | 2,732.5 | −0.049% | $2.34B | $4.42B | 150x | as long as short |
| KuCoin ETHUSDTM | +0.0068% | 8h | 2,732.4 | −0.051% | $374.8M | $577.3M | 100x | as long as short |
| Aster ETHUSDT | +0.0083% | 8h | 2,732.5 | −0.049% | $252.6M | $849.0M | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0085% | 8h | 2,732.5 | −0.049% | $1.65B | $10.94B | 100x | as long as short |
| SoDEX ETH-USD | +0.0086% | 1h | 2,732.4 | −0.051% | $54.4M | $187.2M | 40x | as long as short |
| MEXC ETH_USDT | +0.0092% | 8h | 2,732.7 | −0.041% | $1.55B | $2.60B | 500x | as long as short |
| Binance ETHUSDT | +0.0093% | 8h | 2,732.6 | −0.045% | $6.34B | $16.17B | 150x | as long as short |
| SunX ETH-USDT | +0.0095% | 8h | 2,731.5 | −0.083% | $958K | $11.0M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0096% | 1h | 2,731.1 | −0.099% | $30K | $20K | 20x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,732.4 | −0.050% | $112.4M | $436.1M | 50x | as long as short |
| Lighter RH ETHlong | +0.0096% | 1h | 2,733.8 | long leg | $23.5M | $103.2M | 50x | |
| Aevo ETH-PERP | +0.0096% | 1h | 2,730.2 | −0.131% | $4.9M | $157K | 20x | as long as short |
| Phemex ETHUSDT | +0.0099% | 8h | 2,731.9 | −0.071% | $263.2M | $64.6M | 150x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,731.6 | −0.080% | $511K | $3.5M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,737 | +0.118% | $15.3M | $7.9M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,731.4 | −0.087% | $14.1M | $105.1M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,735.1 | +0.048% | $3.11B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,733 | −0.031% | $32.0M | $332.7M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,731.5 | −0.084% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,732.1 | −0.061% | $1.5M | $16.3M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,733 | −0.029% | $3.30B | $9.01B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,732.7 | −0.042% | $2.09B | $2.77B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,732.3 | −0.055% | $15.1M | $42.5M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,731.9 | −0.069% | $134.0M | $323.6M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,729.1 | −0.172% | $185.6M | $681.6M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,730.5 | −0.121% | $158.7M | $85.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,733.8 | 0.000% | $21.0M | $70.5M | 40x | as long as short |
| Vest ETH-PERPshort | +0.0100% | 1h | 2,733.7 | −0.002% | — | $445K | 50x | |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,733.2 | −0.022% | $11.2M | $9.5M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,732.2 | −0.058% | $179K | $1.7M | 20x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,733 | −0.028% | $22K | $21K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,727.3 | −0.238% | $40.9M | $30.3M | 15x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,726.2 | −0.278% | $161.6M | $349.5M | 25x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,731.8 | −0.072% | $30.4M | $73.9M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0056% | 1h | 2,733.5 | −0.011% | — | $30.5M | 500x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0112% | 1h | 2,733.2 | −0.022% | $49.1M | $4.32B | 50x | as long as short |
| RISEx ETH/USDC | +0.0115% | 1h | 2,732.2 | −0.058% | $5.6M | $11.6M | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0186% | 8h | 2,735.1 | +0.046% | $32.2M | $11.4M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0190% | 1h | 2,731.1 | −0.098% | $7.3M | $1.1M | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0210% | 1h | 2,732.9 | −0.031% | $82.3M | $312.4M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0216% | 1h | 2,732.8 | −0.036% | $245K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0370% | 8h | 2,732 | −0.066% | $281.7M | $175.6M | 150x | as long as short |
01 Exchange ETHUSD
HTX ETH-USDT
BingX ETH-USDC
Bybit ETHUSDT
KuCoin ETHUSDTM
Aster ETHUSDT
OKX ETH-USDT-SWAP
SoDEX ETH-USD
MEXC ETH_USDT
Binance ETHUSDT
SunX ETH-USDT
Aftermath Perps ETHUSD
Lighter ETH
Aevo ETH-PERP
Phemex ETHUSDT
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
Polymarket Perps ETH-USD
Bullet ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Bulk ETH-USD
Extended ETH-USD
Jupiter Perps ETH-PERP
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P
BloFin ETH-USDT