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 20:00 UTC+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h+0.003%paid, last 7 days−0.018%to open and closeno order book
Long on LighterShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.72420.0096pay 0.0012% / 1h58m 39s$1.1M$869K5x
ShortHyperliquid ETHFI0.72560.0100get 0.0013% / 1h58m 39s$19.8M$7.3M5x

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 Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$8.16
Break-even
75.0 days
Slippage unknown: Lighter: live order book, 4 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.191%
Avg gap 7d
−0.009%
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 Lighter live order book, 4 min ago9.52 bp18.3 bp −$1897.9 bp −$979doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago1.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective ETHFI/USDC PERP−0.0404%1h$321$51K5.5xas long as short
Kraken Futures PF_ETHFIUSD−0.0394%1h$282K$169K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0302%1h$44K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0135%4h$17K$1K10xas long as short
Variational Omni ETHFI−0.0105%4h$1.1M$763K—as long as short
HTX ETHFI-USDT−0.0065%4h$84K$152K20xas long as short
Bitget ETHFIUSDT−0.0034%4h$6.2M$5.5M75xas long as short
Paradex ETHFI-USD-PERP−0.0032%8h$6K—5xas long as short
Bybit ETHFIUSDT−0.0022%4h$18.7M$12.3M25xas long as short
Lighter ETHFIlong+0.0096%1h$1.1M$869K5x
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid ETHFIshort+0.0100%1h$19.8M$7.3M5x
Aster ETHFIUSDT+0.0100%4h$183K$238K10xas long as short
Binance ETHFIUSDT+0.0100%4h$25.5M$35.1M75xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h$4.9M$12.1M20xas long as short
Gate ETHFI_USDT+0.0100%4h$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h$15.2M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h$1.2M$262K50xas long as short
BingX ETHFI-USDC+0.0100%4h—$1.2M—as long as short
Polymarket Perps ETHFI-USD+0.0100%1h$49K$55K5xas long as short
SunX ETHFI-USDT+0.0100%4h$1K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h$104K$490K10xas long as short
Aevo ETHFI-PERP+0.0104%1h$9K—3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0336%1h$32K$8K50xas long as short
BloFin ETHFI-USDT+0.0340%4h$1.3M$297K75xas long as short