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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX+0.042%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$120.117% of the position
Long on SunXShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.042%, 7d avg +0.049%
Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,740.10.0100pay 0.0100% / 8h6h 19m$945K$9.1M100x
ShortLighter ETH2,741.30.0096get 0.0012% / 1h19m 01s$113.9M$390.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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
−$0.84
Price spread: +0.042% → +0.049%
−$0.72
Slippage, 4 orders
−$3.71
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$13.27
Costs to cover
0.117%
Break-even
never at this rate
Slippage from SunX: live order book, 13 min ago; Lighter: live order book, 8 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 SunX live order book, 13 min ago0.64 bp4.9 bp −$54.9 bp −$496.8 bp −$67810.0 bp −$5,013
Sell Lighter live order book, 8 min ago0.16 bp0.2 bp $00.6 bp −$61.2 bp −$1224.7 bp −$2,329

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
Hibachi ETH/USDT-P−0.0096%1h2,742+0.070%$235K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.5+0.051%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,742.6+0.092%$8.3M$27.2M100xas long as short
Bybit ETHUSDT−0.0030%8h2,740.5+0.014%$2.36B$3.91B150xas long as short
Phoenix ETH−0.0023%1h2,742.8+0.098%$806K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.9+0.029%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,741.2+0.040%$7.0M$662.1M4.9xas long as short
Perpl ETH0.0000%43m2,740.4+0.012%$269K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,740.7+0.021%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,741.4+0.047%$195K$939K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0053%1h2,741.7+0.058%$14.8M$42.9M50xas long as short
Gate ETH_USDT+0.0056%8h2,740.8+0.026%$3.26B$7.87B200xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,740.6+0.017%$1.66B$9.49B100xas long as short
Aster ETHUSDT+0.0073%8h2,740.6+0.018%$256.0M$738.3M200xas long as short
MEXC ETH_USDT+0.0079%8h2,740.9+0.030%$1.59B$2.52B500xas long as short
Binance ETHUSDT+0.0079%8h2,740.5+0.015%$6.38B$14.51B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,741.4+0.046%$82.0M$279.9M100xas long as short
Aevo ETH-PERP+0.0080%1h2,738−0.076%$4.9M$208K20xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,741.8+0.061%$267.3M$192.8M50xas long as short
KuCoin ETHUSDTM+0.0084%8h2,740.6+0.018%$365.8M$458.6M100xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,741.1+0.037%$30K$8K20xas long as short
Lighter ETHshort+0.0096%1h2,741.3+0.042%$113.9M$390.1M50x
Lighter RH ETH+0.0096%1h2,742.4+0.085%$23.7M$98.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.033%—$23.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9+0.029%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.1+0.001%$14.5M$97.3M50xas long as short
Pacifica ETH+0.0100%1h2,741.2+0.041%$32.1M$324.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6+0.018%$2.8M$14.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7+0.057%$1.5M$14.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6+0.018%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,740.6+0.018%$2.11B$2.37B150xas long as short
BingX ETH-USDT+0.0100%8h2,740.7+0.020%—$960.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.4+0.009%$14.9M$37.0M50xas long as short
Variational Omni ETH+0.0100%8h2,740.5+0.013%$132.1M$302.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.4+0.083%$186.1M$633.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.4+0.010%$159.3M$73.0M50xas long as short
StandX ETH-USD+0.0100%1h2,742.7+0.095%$21.1M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.7+0.093%—$346K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.6+0.091%$11.2M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,740.9+0.028%$177K$1.7M20xas long as short
SunX ETH-USDTlong+0.0100%8h2,740.1long leg$945K$9.1M100x
SoDEX ETH-USD+0.0100%1h2,740.6+0.018%$61.7M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,740.9+0.030%$1.05B$1.09B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.6+0.019%$263.6M$57.6M150xas long as short
Extended ETH-USD+0.0104%1h2,739.7−0.014%$30.4M$66.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,741.8+0.060%$45.6M$3.93B50xas long as short
Hyperliquid ETH+0.0127%1h2,743.9+0.138%$3.15B$1.78B25xas long as short
Reya ETHRUSDPERP+0.0161%1h2,740.5+0.014%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,742.7+0.094%$5.6M$10.7M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,742.6+0.089%$32.3M$10.1M100xas long as short
BloFin ETH-USDT+0.0190%8h2,740.7+0.023%$282.2M$156.7M150xas long as short
Paradex ETH-USD-PERP+0.0305%8h2,744.8+0.172%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,747.3+0.262%$118K$23.9M52xas long as short
Bluefin ETH-PERP+0.1049%1h2,740.9+0.029%$20K$15K25xas long as short