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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Aevo+0.177%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Long on AevoShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.177%, 7d avg +0.115%
Together, before fees+0.043%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.062% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.115%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ETH-PERP2,767.10.0056pay 0.0007% / 1h25m 16s$5.0M$636K20x
ShortLighter RH ETH2,7720.0096get 0.0012% / 1h25m 16s$25.3M$121.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$8.4
Price spread: +0.177% → +0.115%
$6.2
Slippage, 4 orders
−$18.92
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$20.32
Costs to cover
0.349%
Break-even
23.9 days
Slippage from Aevo: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 4 min ago4.51 bp12.5 bp −$1334.7 bp −$34770.9 bp −$7,094doesn't fit
Sell Lighter RH live order book, 4 min ago0.99 bp1.2 bp −$13.1 bp −$3110.0 bp −$1,00068.1 bp −$34.1K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0223%43m2,768.9+0.065%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,768.5+0.049%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.534%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5+0.086%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.189%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.2+0.075%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,770+0.105%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.144%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.2+0.111%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,769.4+0.084%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,769.8+0.098%$1.70B$11.87B100xas long as short
Aftermath Perps ETHUSD+0.0023%1h2,773.2+0.220%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.1+0.108%$12.8M—200xas long as short
Aster ETHUSDT+0.0031%8h2,770.2+0.112%$255.7M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,770.3+0.115%$270.1M$69.0M150xas long as short
SoDEX ETH-USD+0.0034%1h2,770+0.104%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0048%1h2,769.4+0.083%$182K$1.7M20xas long as short
Aevo ETH-PERPlong+0.0056%1h2,767.1long leg$5.0M$636K20x
MEXC ETH_USDT+0.0058%8h2,770+0.104%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,770+0.104%$6.45B$17.30B150xas long as short
Bitget ETHUSDT+0.0066%8h2,769.9+0.100%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0070%8h2,769.4+0.081%$3.29B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,769.7+0.094%$420.9M$739.8M100xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,771.7+0.167%$259.0M$222.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.7+0.164%$60.1M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,770.2+0.110%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0093%1h2,769.7+0.093%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,770+0.105%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.7+0.131%$115.1M$499.6M50xas long as short
Lighter RH ETHshort+0.0096%1h2,772+0.177%$25.3M$121.5M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7+0.093%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.6+0.052%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.9+0.064%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.3+0.044%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.9+0.136%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,769+0.069%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.6+0.053%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.7+0.093%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.209%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9+0.101%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.116%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.182%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.148%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.154%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.7+0.093%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770+0.102%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.4+0.192%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.6+0.053%$971K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,769.5+0.085%$32.5M$78.1M50xas long as short
Kalshi KXETHPERP+0.0114%8h2,770.1+0.107%$8.2M$686.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.154%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,772.6+0.199%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.104%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,769.3+0.078%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.157%$252K$1.6M20xas long as short