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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 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter RH against SunX+0.063%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Long on SunXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.063%, 7d avg +0.075%
Together, before fees+0.098%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,741.50.0100pay 0.0100% / 8h5h 08m$944K$8.4M100x
ShortLighter RH ETH2,743.30.0096get 0.0012% / 1h8m 14s$23.6M$96.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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: +0.063% → +0.075%
−$1.22
Slippage, 4 orders
−$5.41
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$15.47
Costs to cover
0.134%
Break-even
never at this rate
Slippage from SunX: 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 SunX live order book, 4 min ago0.46 bp4.5 bp −$44.5 bp −$457.0 bp −$70510.4 bp −$5,191
Sell Lighter RH live order book, 4 min ago1.02 bp1.1 bp −$11.7 bp −$175.3 bp −$52653.1 bp −$26.6K

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
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.305%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,740.9−0.025%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,740.4−0.042%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,741.3−0.009%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,741.8+0.009%$7.2M$655.0M4.9xas long as short
Perpl ETH0.0000%43m2,740.4−0.042%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,741.9+0.012%$33.1M—200xas long as short
ApeX Omni ETHUSDT+0.0016%1h2,738.1−0.125%$8.2M$25.1M100xas long as short
Bybit ETHUSDT+0.0034%8h2,741.7+0.004%$2.36B$3.78B150xas long as short
01 Exchange ETHUSD+0.0056%1h2,742.1+0.020%$182K$910K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,741.5−0.002%$1.67B$9.09B100xas long as short
Aevo ETH-PERP+0.0088%1h2,739.1−0.090%$4.9M$244K20xas long as short
Aster ETHUSDT+0.0088%8h2,741.6+0.002%$255.8M$714.0M200xas long as short
KuCoin ETHUSDTM+0.0089%8h2,741.4−0.004%$364.9M$435.3M100xas long as short
MEXC ETH_USDT+0.0090%8h2,741.6+0.001%$1.59B$2.37B500xas long as short
Binance ETHUSDT+0.0090%8h2,741.6+0.003%$6.41B$13.83B150xas long as short
dYdX ETH-USD+0.0094%1h2,741.1−0.018%$15.2M$42.5M50xas long as short
Lighter ETH+0.0096%1h2,742+0.015%$113.8M$390.9M50xas long as short
Lighter RH ETHshort+0.0096%1h2,743.3+0.063%$23.6M$96.6M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.9+0.014%—$23.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.3+0.063%$47.7M$3.88B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9−0.023%$512K$3.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,741.7+0.007%$14.8M$94.0M50xas long as short
Pacifica ETH+0.0100%1h2,742.5+0.035%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4−0.042%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.6+0.038%$1.5M$14.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,741−0.021%$163.6M$316.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.8+0.011%$3.27B$7.80B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.50.000%$2.11B$2.28B150xas long as short
BingX ETH-USDT+0.0100%8h2,741.6+0.001%—$947.7M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.8−0.026%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,739.5−0.076%$132.3M$277.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.113%$184.3M$559.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.5−0.037%$159.3M$69.5M50xas long as short
StandX ETH-USD+0.0100%1h2,741.5−0.001%$21.1M$74.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.5+0.037%—$317K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.9+0.050%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,741.6+0.002%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.5−0.001%$20K$12K25xas long as short
SunX ETH-USDTlong+0.0100%8h2,741.5long leg$944K$8.4M100x
SoDEX ETH-USD+0.0100%1h2,741.6+0.002%$61.7M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,741.2−0.013%$1.05B$1.00B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.7+0.006%$263.0M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740.7−0.031%$30.1M$63.9M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,742.1+0.020%$82.7M$268.2M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,740.9−0.022%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,742.7+0.042%$267.1M$182.3M50xas long as short
Reya ETHRUSDPERP+0.0148%1h2,740.6−0.034%$7.3M$854K25xas long as short
Hyperliquid ETH+0.0170%1h2,744.2+0.097%$3.14B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,744.1+0.094%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,742.8+0.046%$5.7M$10.4M25xas long as short
BloFin ETH-USDT+0.0358%8h2,740.7−0.031%$284.3M$147.6M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,744.9+0.123%$118K$26.8M52xas long as short
Paradex ETH-USD-PERP+0.0515%8h2,744.5+0.109%$15.8M$6.2M50xas long as short