ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.066%

Price spread now: Lighter against Coinbase International−0.851%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.851% cheaper against Coinbase International than usual: you would sell low and buy high (−$85 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7040	0.0320	pay 0.0040% / 1h	52m 15s	$32K	$5K	50x
Short	Lighter ETHFI	0.6980	0.0096	get 0.0012% / 1h	52m 15s	$1.1M	$726K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.851%Rate

Funding earned: −$47.04
Price spread: −0.851% → 0.000%: −$85.09
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$142.13
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	5.93 bp	13.1 bp −$13	104.8 bp −$1,048	doesn't fit	doesn't fit

Coinbase International: 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 exchanges

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	−0.0610%	1h	0.6970	−0.994%	$42K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0309%	4h	0.6967	−1.037%	$16K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0165%	4h	0.6971	−0.977%	$930K	$711K	—	as long as short
Paradex ETHFI-USD-PERP	−0.0010%	8h	0.6969	−1.014%	$6K	—	5x	as long as short
HTX ETHFI-USDT	−0.0005%	4h	0.6971	−0.980%	$83K	$133K	20x	as long as short
Extended ETHFI-USD	+0.0032%	1h	0.6966	−1.057%	$110K	$499K	10x	as long as short
MEXC ETHFI_USDT	+0.0032%	4h	0.6969	−1.009%	$15.7M	$4.0M	125x	as long as short
Binance ETHFIUSDT	+0.0033%	4h	0.6966	−1.051%	$24.4M	$32.0M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+2.841%	$321	$51K	5.5x	as long as short
Bybit ETHFIUSDT	+0.0042%	4h	0.6969	−1.009%	$17.2M	$11.8M	25x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0088%	1h	0.6966	−1.054%	$8K	—	3x	as long as short
Lighter ETHFIshort	+0.0096%	1h	0.6980	−0.851%	$1.1M	$726K	5x
Hyperliquid ETHFI	+0.0100%	1h	0.6976	−0.909%	$16.8M	$8.0M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.6979	−0.866%	$179K	$162K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.6976	−0.909%	$5.1M	$12.2M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.6974	−0.937%	$1.7M	$1.7M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.6974	−0.937%	$1.2M	$180K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.6971	−0.980%	$6.2M	$3.7M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.6972	−0.966%	—	$11.5M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.6976	−0.909%	$52K	$148K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.6975	−0.923%	$2K	$1.0M	20x	as long as short
BloFin ETHFI-USDT	+0.0143%	4h	0.6984	−0.795%	$1.2M	$235K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0320%	1h	0.7040	long leg	$32K	$5K	50x
Kraken Futures PF_ETHFIUSD	+0.0574%	1h	0.6985	−0.780%	$303K	$298K	20x	as long as short