ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.16 per $10,000 · paid last 24h +0.124%

Price spread now: Lighter against Kraken Futures+0.048%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1251.251% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.048%, 7d avg +0.065%

Together, before fees−0.253%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ETHFIUSD	0.7177	0.0220	pay 0.0028% / 1h	49m 17s	$275K	$161K	20x
Short	Lighter ETHFI	0.7181	0.0096	get 0.0012% / 1h	49m 17s	$1.1M	$894K	5x

Funding history

latest

Range statsloading…

Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.048%Rate

Slippage from Kraken Futures: live order book, 23 min ago; Lighter: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 23 min ago	11.92 bp	40.2 bp −$40	166.9 bp −$1,669	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	14.21 bp	44.1 bp −$44	116.8 bp −$1,168	doesn't fit	doesn't fit

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
HTX ETHFI-USDT	−0.0445%	4h	0.7157	−0.282%	$83K	$166K	20x	as long as short
Bybit ETHFIUSDT	−0.0371%	4h	0.7171	−0.087%	$18.2M	$13.2M	25x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0307%	1h	0.7176	−0.017%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0195%	4h	0.7171	−0.087%	$16K	$1K	10x	as long as short
Paradex ETHFI-USD-PERP	−0.0042%	8h	0.7162	−0.214%	$6K	—	5x	as long as short
Variational Omni ETHFI	−0.0039%	4h	0.7161	−0.228%	$1.0M	$746K	—	as long as short
Extended ETHFI-USD	+0.0016%	1h	0.7166	−0.158%	$93K	$526K	10x	as long as short
MEXC ETHFI_USDT	+0.0016%	4h	0.7166	−0.157%	$15.3M	$3.8M	125x	as long as short
Binance ETHFIUSDT	+0.0017%	4h	0.7170	−0.105%	$25.0M	$37.4M	75x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+0.874%	$321	$51K	5.5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETHFI-USDT	+0.0068%	4h	0.7168	−0.129%	$1.2M	$278K	75x	as long as short
Gate ETHFI_USDT	+0.0076%	4h	0.7172	−0.073%	$1.7M	$2.0M	75x	as long as short
Aevo ETHFI-PERP	+0.0088%	1h	0.7175	−0.031%	$9K	—	3x	as long as short
Lighter ETHFIshort	+0.0096%	1h	0.7181	+0.048%	$1.1M	$894K	5x
Hyperliquid ETHFI	+0.0100%	1h	0.7173	−0.056%	$18.0M	$9.1M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7172	−0.069%	$183K	$258K	10x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7174	−0.045%	$5.0M	$12.6M	20x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7166	−0.157%	$1.2M	$270K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7170	−0.101%	$6.1M	$5.7M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7169	−0.115%	—	$1.2M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7170	−0.105%	$59K	$94K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7180	+0.038%	$2K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0168%	1h	0.7237	+0.833%	$32K	$6K	50x	as long as short
Kraken Futures PF_ETHFIUSDlong	+0.0220%	1h	0.7177	long leg	$275K	$161K	20x