Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%
Price spread now: Lighter against BingX+0.022%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$970.967% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 7 days−0.135%−$14 · spread now +0.022%, 7d avg +0.115%
=Together, before fees+0.047%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.093% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.6966 | 0.0100 | pay 0.0050% / 4h | 1h 05m | — | $1.2M | — |
| Short | Lighter ETHFI | 0.6967 | 0.0096 | get 0.0012% / 1h | 5m 46s | $1.1M | $832K | 5x |
BingX ETHFI-USDC
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.022% → +0.115%
- −$9.31
- Slippage, 4 orders
- −$86.72
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.87
- Costs to cover
- 0.967%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Lighter: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 4 min ago | 2.16 bp | 22.3 bp −$22 | 88.8 bp −$888 | 547.0 bp −$54.7K | 747.9 bp −$374.0K |
| Sell Lighter live order book, 5 min ago | 7.53 bp | 32.6 bp −$33 | 104.2 bp −$1,042 | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0467% | 1h | 0.6964 | −0.029% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0417% | 4h | 0.6962 | −0.057% | $83K | $174K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0279% | 4h | 0.6966 | 0.000% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0128% | 4h | 0.6968 | +0.033% | $917K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0012% | 8h | 0.6967 | +0.020% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | −0.0012% | 4h | 0.6963 | −0.043% | $15.8M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0011% | 4h | 0.6960 | −0.091% | $24.2M | $36.4M | 75x | as long as short |
| Extended ETHFI-USD | −0.0008% | 1h | 0.6962 | −0.058% | $95K | $505K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.933% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0049% | 4h | 0.6964 | −0.029% | $17.2M | $13.1M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Injective ETHFI/USDC PERP
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6960 | −0.086% | $8K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.6967 | +0.022% | $1.1M | $832K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6966 | +0.003% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6971 | +0.075% | $178K | $263K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6967 | +0.014% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6967 | +0.014% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6966 | 0.000% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6964 | −0.029% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.6966 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6976 | +0.144% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6966 | 0.000% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0228% | 4h | 0.6943 | −0.330% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.172% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1686% | 1h | 0.6978 | +0.174% | $291K | $295K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD