Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against Aevo+0.061%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.061% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETHFI-PERP0.70450.0096pay 0.0012% / 1h25m 25s$8K3x
ShortLighter ETHFI0.70490.0096get 0.0012% / 1h25m 25s$1.1M$841K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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
Price spread: +0.061% → 0.000%
$6.06
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
−$9.94
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 10 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 Aevo no order-book sample
Sell Lighter live order book, 10 min ago7.82 bp29.9 bp −$30101.4 bp −$1,014doesn't fitdoesn't fit
Aevo: 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.

ETHFI on 24 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
HTX ETHFI-USDT−0.0540%4h0.7037−0.117%$82K$194K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0460%1h0.7041−0.060%$40K$11K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0305%1h0.7041−0.067%$260K$213K20xas long as short
Orderly PERP_ETHFI_USDC−0.0244%4h0.7039−0.088%$16K$1K10xas long as short
Bybit ETHFIUSDT−0.0125%4h0.7042−0.046%$17.5M$12.5M25xas long as short
Variational Omni ETHFI+0.0012%4h0.7038−0.107%$982K$703Kas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+2.765%$321$51K5.5xas long as short
Extended ETHFI-USD+0.0056%1h0.7040−0.074%$96K$374K10xas long as short
Binance ETHFIUSDT+0.0058%4h0.7040−0.067%$24.5M$35.0M75xas long as short
MEXC ETHFI_USDT+0.0058%4h0.7039−0.088%$15.9M$4.1M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ETHFI-USD-PERP+0.0083%8h0.7041−0.064%$6K5xas long as short
Lighter ETHFIshort+0.0096%1h0.7049+0.061%$1.1M$841K5x
Aevo ETHFI-PERPlong+0.0096%1h0.7045long leg$8K3x
Hyperliquid ETHFI+0.0100%1h0.7047+0.022%$17.5M$7.9M5xas long as short
Aster ETHFIUSDT+0.0100%4h0.7051+0.082%$180K$229K10xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7046+0.011%$5.1M$12.3M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7047+0.025%$1.7M$1.9M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7042−0.046%$1.2M$227K50xas long as short
Bitget ETHFIUSDT+0.0100%4h0.7040−0.074%$6.0M$5.2M75xas long as short
BingX ETHFI-USDT+0.0100%4h0.7043−0.032%$8.8Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7049+0.054%$65K$125K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7039−0.088%$2K$1.1M20xas long as short
BloFin ETHFI-USDT+0.0242%4h0.7034−0.159%$1.2M$242K75xas long as short
Coinbase International ETHFI-PERP-INTX+0.0544%1h0.7054+0.124%$31K$6K50xas long as short