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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 00:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Vest+0.009%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on VestShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.009%, 7d avg −0.002%
Together, before fees−0.166%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,772.90.0094pay 0.0012% / 1h19m 09s—$1.1M50x
ShortLighter ETH2,773.20.0096get 0.0012% / 1h19m 09s$115.2M$500.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Vest. 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
$0.49
Price spread: +0.009% → −0.002%
$1.09
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Lighter: 0 bp × 2 orders
$0
Net
−$0.42
Costs to cover
0.020%
Break-even
13.0 days
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 5 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 Vest no order-book sample—————
Sell Lighter live order book, 5 min ago0.38 bp0.4 bp $00.8 bp −$82.2 bp −$2156.0 bp −$3,019
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl ETH−0.0223%43m2,772.1−0.031%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773.1+0.008%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.390%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9−0.036%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0043%1h2,766.6−0.229%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,773.4+0.018%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.7−0.045%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,769.9−0.108%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.8+0.033%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.6−0.011%$1.70B$11.89B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0025%1h2,771.7−0.044%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,773.7+0.027%$12.8M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,772.8−0.005%$270.4M$68.9M150xas long as short
Aster ETHUSDT+0.0031%8h2,772.8−0.006%$256.0M$1.00B200xas long as short
SoDEX ETH-USD+0.0040%1h2,772.8−0.004%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0044%1h2,773.2+0.010%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,770.6−0.084%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0057%8h2,772.7−0.006%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0057%8h2,772.90.000%$6.46B$17.31B150xas long as short
Bitget ETHUSDT+0.0065%8h2,772.6−0.011%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,772.7−0.009%$3.29B$9.67B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.9−0.001%$421.2M$739.3M100xas long as short
Bybit ETHUSDT+0.0088%8h2,773+0.003%$2.51B$4.63B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,774.2+0.047%$60.1M$4.60B50xas long as short
BingX ETH-USDC+0.0089%8h2,771.9−0.038%—$17.5M—as long as short
Vest ETH-PERPlong+0.0094%1h2,772.9long leg—$1.1M50x
HTX ETH-USDT+0.0095%8h2,772.7−0.007%$1.08B$1.32B200xas long as short
Lighter ETHshort+0.0096%1h2,773.2+0.009%$115.2M$500.0M50x
Lighter RH ETH+0.0096%1h2,774.8+0.068%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.5−0.049%—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771−0.069%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.5−0.015%$477K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.8−0.003%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,775+0.076%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,772.9−0.002%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.1−0.029%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.1+0.041%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.002%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773+0.002%$15.1M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,769−0.142%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.245%$181.6M$784.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.9−0.180%$161.0M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,770.3−0.094%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.032%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.2+0.012%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,772.4−0.020%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,775.3+0.087%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,772.4−0.019%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0112%8h2,772.5−0.015%$8.3M$687.2M4.9xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,774.5+0.057%$259.0M$222.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,774.1+0.043%$88.9M$337.0M100xas long as short
Orderly PERP_ETH_USDC+0.0142%8h2,775.5+0.092%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0177%8h2,772.8−0.004%$287.1M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0203%1h2,773.2+0.011%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,771.9−0.037%$251K$1.6M20xas long as short