data as of
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Funding arb /

ETHFI

all ETHFI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0004%/8h
next payment, per $10,000−$0.01paid, last 24h−0.002%paid, last 7 days+0.018%to open and closeno order book
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.73390.0100pay 0.0013% / 1h54m 03s$20.2M$6.4M5x
ShortLighter ETHFI0.73400.0096get 0.0012% / 1h54m 03s$1.3M$517K5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$9.84
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Lighter: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.007%
Avg gap 7d
+0.006%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.08 bp9.0 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago4.32 bp8.5 bp −$881.4 bp −$814doesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0568%1h$46K$16K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0514%1h$281K$218K20xas long as short
OKX ETHFI-USDT-SWAP−0.0295%4h$4.9M$12.2M20xas long as short
BingX ETHFI-USDT−0.0268%4h—$26.0M—as long as short
Orderly PERP_ETHFI_USDC−0.0045%4h$17K$4410xas long as short
Paradex ETHFI-USD-PERP−0.0042%8h$6K—5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h$330$56K5.5xas long as short
Gate ETHFI_USDT+0.0042%4h$1.8M$1.7M75xas long as short
HTX ETHFI-USDT+0.0043%4h$78K$140K20xas long as short
KuCoin ETHFIUSDTM+0.0056%4h$1.1M$267K50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni ETHFI+0.0094%4h$1.1M$791K—as long as short
Lighter ETHFIshort+0.0096%1h$1.3M$517K5x
Hyperliquid ETHFIlong+0.0100%1h$20.2M$6.4M5x
Aster ETHFIUSDT+0.0100%4h$193K$219K10xas long as short
Binance ETHFIUSDT+0.0100%4h$26.3M$34.8M75xas long as short
Bybit ETHFIUSDT+0.0100%4h$19.1M$12.5M25xas long as short
MEXC ETHFI_USDT+0.0100%4h$15.4M$3.7M125xas long as short
Bitget ETHFIUSDT+0.0100%4h$6.4M$5.4M75xas long as short
Polymarket Perps ETHFI-USD+0.0100%1h$51K$13K5xas long as short
SunX ETHFI-USDT+0.0100%4h$2K$975K20xas long as short
Extended ETHFI-USD+0.0104%1h$99K$477K10xas long as short
Aevo ETHFI-PERP+0.0104%1h$9K—3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0208%1h$34K$92K50xas long as short
BloFin ETHFI-USDT+0.0340%4h$1.4M$266K75xas long as short