ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter against Aevo+0.106%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now +0.106%, 7d avg +0.090%

Together, before fees+0.270%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ETH-PERP	2,742.5	0.0088	pay 0.0011% / 1h	32m 51s	$4.9M	$155K	20x
Short	Lighter ETH	2,745.4	0.0096	get 0.0012% / 1h	32m 51s	$112.8M	$433.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.106%Rate

Funding earned: $1.68
Price spread: +0.106% → +0.090%: $1.58
Slippage, 4 orders: −$18.41
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.15
Costs to cover: 0.344%
Break-even: 136.8 days

Slippage from Aevo: live order book, 1 min ago; Lighter: live order book, 6 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 Aevo live order book, 1 min ago	8.39 bp	16.4 bp −$16	31.5 bp −$315	47.8 bp −$4,785	doesn't fit
Sell Lighter live order book, 6 min ago	0.60 bp	0.8 bp −$1	1.0 bp −$10	1.3 bp −$131	4.1 bp −$2,027

ETH on 55 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
Hotstuff ETH-PERP	−0.0080%	1h	2,745.2	+0.100%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	+0.023%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,745.1	+0.094%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,743.6	+0.040%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,744.7	+0.081%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,745.2	+0.100%	$22.2M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,745.2	+0.100%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,745.2	+0.100%	$183K	$916K	50x	as long as short
ApeX Omni ETHUSDT	+0.0046%	1h	2,741.3	−0.042%	$8.9M	$30.9M	100x	as long as short
BingX ETH-USDC	+0.0050%	8h	2,744	+0.057%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ETHUSDTM	+0.0064%	8h	2,744.7	+0.080%	$383.4M	$584.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0064%	8h	2,745	+0.092%	$1.70B	$10.58B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,745.3	+0.102%	$5.7M	$11.2M	25x	as long as short
Bullet ETH-USD	+0.0081%	1h	2,744.8	+0.085%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,744.9	+0.088%	$252.3M	$841.1M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,744.7	+0.082%	$1.56B	$2.54B	500x	as long as short
Aevo ETH-PERPlong	+0.0088%	1h	2,742.5	long leg	$4.9M	$155K	20x
Binance ETHUSDT	+0.0089%	8h	2,744.9	+0.089%	$6.38B	$15.69B	150x	as long as short
Lighter ETHshort	+0.0096%	1h	2,745.4	+0.106%	$112.8M	$433.4M	50x
Lighter RH ETH	+0.0096%	1h	2,746.8	+0.157%	$24.6M	$103.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,744.8	+0.083%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,746.4	+0.143%	$58.7M	$4.28B	50x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,744.8	+0.087%	$1.06B	$1.18B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,749.3	+0.248%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.8	+0.085%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,744.8	+0.085%	$13.9M	$105.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,747.3	+0.176%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,745	+0.092%	$31.6M	$335.1M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,744.9	+0.088%	$2.46B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,743.5	+0.038%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,745.3	+0.101%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741.5	−0.034%	$164.1M	$300.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,744.9	+0.088%	$3.39B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,745.3	+0.104%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744.4	+0.070%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.065%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,740.6	−0.070%	$182.1M	$690.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,742.9	+0.017%	$159.5M	$83.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,742.6	+0.005%	$21.2M	$68.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,745.3	+0.102%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,745.9	+0.125%	$11.0M	$8.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,744.8	+0.085%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,746.5	+0.148%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,744.4	+0.072%	$962K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,745.1	+0.096%	$54.7M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,745	+0.092%	$267.0M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.6	+0.041%	$30.6M	$72.4M	50x	as long as short
Aftermath Perps ETHUSD	+0.0129%	1h	2,742.2	−0.010%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,745.2	+0.100%	$7.6M	$669.2M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0165%	1h	2,746.4	+0.142%	$258.8M	$196.0M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,747.1	+0.170%	$32.3M	$11.3M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,746	+0.128%	$87.0M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,744.7	+0.081%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,743.5	+0.037%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0292%	8h	2,745.4	+0.107%	$285.2M	$182.1M	150x	as long as short