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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 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter RH against Variational Omni+0.005%7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days+0.013%+$1 · spread now +0.005%, 7d avg +0.021%
Together, before fees+0.015%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,772.30.0100pay 0.0100% / 8h7h 35m$142.1M$343.8M—
ShortLighter RH ETH2,772.40.0096get 0.0012% / 1h35m 41s$25.8M$111.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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: +0.005% → +0.021%
−$1.6
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$2.44
Costs to cover
0.000%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter RH: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago0.74 bpdoesn't fit0.7 bp −$70.8 bp −$85doesn't fit
Sell Lighter RH live order book, 3 min ago0.50 bp2.0 bp −$23.8 bp −$3810.9 bp −$1,09268.7 bp −$34.3K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.338%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,773.5+0.045%$5.7M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,772−0.008%$321K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.2+0.069%$5K$1K50xas long as short
Phemex ETHUSDT−0.0059%8h2,772.6+0.012%$269.9M$67.5M150xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.6+0.048%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5−0.028%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771−0.046%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.035%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0024%8h2,769.4−0.102%$1.71B$11.22B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0024%1h2,772.5+0.008%$183K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,773.2+0.032%$12.7M—200xas long as short
Aster ETHUSDT+0.0040%8h2,770.4−0.068%$256.7M$886.7M200xas long as short
SoDEX ETH-USD+0.0040%1h2,772.8+0.019%$55.2M$187.9M40xas long as short
MEXC ETH_USDT+0.0055%8h2,769.5−0.099%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.8−0.091%$6.47B$16.40B150xas long as short
Aevo ETH-PERP+0.0056%1h2,771.5−0.028%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0060%1h2,773.2+0.033%$31K$23K20xas long as short
HTX ETH-USDT+0.0066%8h2,773.3+0.037%$1.08B$1.26B200xas long as short
Bitget ETHUSDT+0.0070%8h2,769.5−0.099%$2.10B$2.88B150xas long as short
Gate ETH_USDT+0.0075%8h2,770.6−0.060%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,774.1+0.067%$60.4M$4.46B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,770.1−0.079%$420.2M$634.7M100xas long as short
Vest ETH-PERP+0.0084%1h2,773+0.025%—$878K50xas long as short
ApeX Omni ETHUSDT+0.0093%1h2,773+0.026%$8.7M$32.3M100xas long as short
Lighter ETH+0.0096%1h2,770.4−0.068%$115.2M$457.4M50xas long as short
Lighter RH ETHshort+0.0096%1h2,772.4+0.005%$25.8M$111.1M50x
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.071%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.7+0.051%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.7+0.016%$14.8M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.021%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.5−0.062%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770−0.081%$2.50B$4.39B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8−0.089%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.1−0.079%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.088%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.4−0.068%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5+0.008%$15.2M$42.1M50xas long as short
Variational Omni ETHlong+0.0100%8h2,772.3long leg$142.1M$343.8M—
edgeX ETHUSDC+0.0100%4h2,773+0.025%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5−0.029%$161.2M$84.7M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.012%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.9+0.023%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,801.3+1.048%$22K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,775+0.100%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773+0.027%$972K$13.3M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,774.3+0.074%$259.1M$207.5M50xas long as short
Extended ETH-USD+0.0104%1h2,771−0.045%$31.3M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.5+0.044%—$38.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,774.4+0.077%$8.1M$684.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,774.2+0.071%$93.4M$317.4M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,775.6+0.118%$32.7M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771.4−0.032%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,773.9+0.059%$288.3M$186.4M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,772.6+0.012%$7.3M$1.2M25xas long as short