ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.011%

Price spread now: 01 Exchange against Lighter RH−0.102%7-day average −0.031% · 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−$23as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Lighter RH Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.102%, 7d avg −0.031%

Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.071% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,770.9	0.0096	pay 0.0012% / 1h	4m 29s	$25.5M	$112.2M	50x
Short	01 Exchange ETHUSD	2,768.1	−0.0032	pay 0.0004% / 1h	4m 29s	$169K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee Lighter RHbpFee 01 ExchangebpOrdersPrice spread, now −0.102%Rate

Funding earned: −$26.88
Price spread: −0.102% → −0.031%: −$7.12
Slippage, 4 orders: −$8.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$49.45
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; 01 Exchange: live order book, 5 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, 5 min ago	1.26 bp	2.3 bp −$2	3.5 bp −$35	11.3 bp −$1,131	70.6 bp −$35.3K
Sell 01 Exchange live order book, 5 min ago	0.18 bp	5.5 bp −$5	10.4 bp −$104	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
Injective ETH/USDC PERP	−0.0752%	1h	2,773.8	+0.104%	$119K	$22.5M	52x	as long as short
Perpl ETH	−0.0447%	43m	2,768.1	−0.101%	$323K	$6.1M	8.3x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,767.6	−0.121%	$5.6M	$11.2M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,768.1	−0.102%	$5K	$1K	50x	as long as short
01 Exchange ETHUSDshort	−0.0032%	1h	2,768.1	−0.102%	$169K	$1.1M	50x
Phoenix ETH	−0.0003%	1h	2,770.8	−0.004%	$872K	$3.7M	25x	as long as short
dYdX ETH-USD	+0.0004%	1h	2,768.8	−0.076%	$12.3M	$43.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,767.6	−0.118%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0017%	1h	2,767.1	−0.138%	$185K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0033%	8h	2,766	−0.177%	$1.70B	$10.96B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0041%	8h	2,766.6	−0.157%	$269.2M	$65.8M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,767.6	−0.119%	$12.7M	—	200x	as long as short
SoDEX ETH-USD	+0.0047%	1h	2,766.6	−0.156%	$55.1M	$187.7M	40x	as long as short
Aster ETHUSDT	+0.0048%	8h	2,767.2	−0.133%	$260.6M	$849.2M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,764.5	−0.231%	$5.0M	$156K	20x	as long as short
Binance ETHUSDT	+0.0057%	8h	2,767	−0.141%	$6.47B	$16.03B	150x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,767.1	−0.139%	$1.61B	$2.66B	500x	as long as short
Aftermath Perps ETHUSD	+0.0069%	1h	2,769.9	−0.038%	$31K	$21K	20x	as long as short
HTX ETH-USDT	+0.0072%	8h	2,766.9	−0.145%	$1.07B	$1.22B	200x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,767.4	−0.128%	$60.3M	$4.39B	50x	as long as short
Bitget ETHUSDT	+0.0081%	8h	2,767.3	−0.130%	$2.10B	$2.81B	150x	as long as short
Vest ETH-PERP	+0.0087%	1h	2,767.7	−0.117%	—	$870K	50x	as long as short
Gate ETH_USDT	+0.0090%	8h	2,767.2	−0.135%	$3.40B	$9.13B	200x	as long as short
KuCoin ETHUSDTM	+0.0090%	8h	2,767.6	−0.121%	$419.8M	$589.1M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,768.2	−0.097%	$115.0M	$460.3M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,770.9	long leg	$25.5M	$112.2M	50x
Paradex ETH-USD-PERP	+0.0099%	8h	2,773.9	+0.109%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,767.8	−0.113%	$486K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,767.2	−0.134%	$14.5M	$112.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,769.7	−0.043%	$3.16B	$2.10B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.5	−0.088%	$31.3M	$328.9M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,767	−0.141%	$2.50B	$4.27B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,767.4	−0.127%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.3	−0.096%	$2.8M	$16.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,771.7	+0.028%	$172.0M	$293.3M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,767.1	−0.137%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,766.5	−0.160%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,766.4	−0.164%	$134.4M	$347.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.3	−0.021%	$183.8M	$751.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.6	+0.061%	$161.2M	$83.8M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,773.5	+0.094%	$8.9M	$31.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768.5	−0.087%	$21.4M	$64.8M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767	−0.141%	$10.5M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,767.1	−0.137%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,768.5	−0.087%	$42.5M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,766.3	−0.165%	$969K	$12.7M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,766.8	−0.150%	$30.9M	$74.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,766.9	−0.143%	—	$35.8M	500x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,767.8	−0.113%	$8.1M	$673.4M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,768.1	−0.102%	$97.8M	$314.5M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0148%	1h	2,768.2	−0.097%	$259.1M	$201.4M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0158%	8h	2,768.9	−0.074%	$32.6M	$11.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,768	−0.104%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0179%	8h	2,766.9	−0.145%	$287.3M	$174.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,766.9	−0.146%	$7.3M	$1.1M	25x	as long as short