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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.005%
Price spread now: Lighter RH against MEXC+0.063%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$40.037% of the position
Long on MEXCShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.063%, 7d avg +0.031%
Together, before fees+0.011%+ Points / potential airdropLighter RH: Points live · farm board+$1 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: Lighter RH is 0.032% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETH_USDT2,745.20.0088pay 0.0088% / 8h5h 48m$1.60B$2.34B500x
ShortLighter RH ETH2,746.90.0096get 0.0012% / 1h48m 35s$23.6M$94.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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
$1.68
Price spread: +0.063% → +0.031%
$3.16
Slippage, 4 orders
−$1.66
Fee MEXC: 1 bp × 2 orders
−$2
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$1.18
Costs to cover
0.037%
Break-even
2.1 days
Slippage from MEXC: live order book, 4 min ago; Lighter RH: live order book, 4 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 MEXC live order book, 4 min ago0.02 bp1.0 bp −$11.0 bp −$101.0 bp −$1022.7 bp −$1,370
Sell Lighter RH live order book, 4 min ago0.80 bp0.8 bp −$11.2 bp −$124.4 bp −$44552.8 bp −$26.4K

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT−0.0107%1h2,746.5+0.046%$8.3M$25.1M100xas long as short
Hibachi ETH/USDT-P−0.0104%1h2,746.1+0.034%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.152%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.3+0.075%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,747.6+0.087%$808K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,746.2+0.036%$7.2M$660.5M4.9xas long as short
Perpl ETH0.0000%43m2,746.2+0.034%$272K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,747.4+0.079%$33.2M—200xas long as short
Bybit ETHUSDT+0.0010%8h2,745.6+0.012%$2.37B$3.80B150xas long as short
01 Exchange ETHUSD+0.0064%1h2,745.6+0.014%$182K$914K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,745.3+0.003%$1.67B$9.21B100xas long as short
Gate ETH_USDT+0.0081%8h2,745−0.007%$3.26B$7.69B200xas long as short
Aster ETHUSDT+0.0083%8h2,745.2−0.003%$258.0M$718.3M200xas long as short
MEXC ETH_USDTlong+0.0088%8h2,745.2long leg$1.60B$2.34B500x
KuCoin ETHUSDTM+0.0088%8h2,745.2−0.002%$365.2M$440.1M100xas long as short
Aevo ETH-PERP+0.0088%1h2,743.1−0.077%$4.9M$215K20xas long as short
Binance ETHUSDT+0.0089%8h2,745.20.000%$6.41B$13.99B150xas long as short
Lighter ETH+0.0096%1h2,745.8+0.020%$113.7M$385.2M50xas long as short
Lighter RH ETHshort+0.0096%1h2,746.9+0.063%$23.6M$94.1M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.4+0.042%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.9+0.060%$46.2M$3.89B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.5−0.026%$508K$3.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.1−0.005%$14.6M$94.6M50xas long as short
Pacifica ETH+0.0100%1h2,746.4+0.043%$32.1M$322.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.1+0.032%$2.8M$14.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.3+0.038%$1.5M$14.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,749.3+0.148%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,745.5+0.009%$2.11B$2.30B150xas long as short
BingX ETH-USDT+0.0100%8h2,745.1−0.004%—$943.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.2+0.001%$14.9M$36.1M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8+0.022%$132.4M$287.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.8+0.022%$185.0M$608.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2+0.108%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,746.7+0.054%$21.1M$75.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.8+0.059%—$348K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.1+0.068%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.6+0.014%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.3+0.038%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,745.5+0.008%$946K$8.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.8+0.021%$61.8M$121.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,745.8+0.021%$1.05B$1.04B200xas long as short
Phemex ETHUSDT+0.0100%8h2,746.1+0.032%$263.8M$56.4M150xas long as short
Extended ETH-USD+0.0104%1h2,744.2−0.036%$30.3M$65.3M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,746.2+0.037%$82.5M$272.7M100xas long as short
Deribit ETH-PERPETUAL+0.0107%1h2,746.9+0.060%$266.9M$184.3M50xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,747.6+0.085%$30K$8K20xas long as short
Reya ETHRUSDPERP+0.0156%1h2,745.5+0.009%$7.3M$832K25xas long as short
dYdX ETH-USD+0.0167%1h2,746.3+0.040%$15.2M$42.6M50xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,747.9+0.097%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,746.3+0.040%$5.7M$10.6M25xas long as short
Hyperliquid ETH+0.0255%1h2,748.4+0.116%$3.15B$1.73B25xas long as short
BloFin ETH-USDT+0.0352%8h2,746+0.028%$284.4M$149.4M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,750.7+0.200%$180K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0557%8h2,749.5+0.158%$15.9M$6.2M50xas long as short