ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against ApeX Omni−0.071%78s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$130.125% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.071%, 7d avg +0.007%

Together, before fees+0.172%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.078% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.007%). If the spread goes back, that is −$8 on $10k: about 12 days of funding at the current rate (+$1 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ETHUSDT	2,751.7	0.0075	pay 0.0009% / 1h	0m 17s	$8.4M	$30.4M	100x
Short	Lighter ETH	2,749.8	0.0096	get 0.0012% / 1h	0m 17s	$113.6M	$411.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.071%Rate

Funding earned: $4.47
Price spread: −0.071% → +0.007%: −$7.79
Slippage, 4 orders: −$2.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.83
Costs to cover: 0.125%
Break-even: 31.8 days

Slippage from ApeX Omni: live order book, 4 min ago; Lighter: live order book, 9 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 ApeX Omni live order book, 4 min ago	0.73 bp	5.7 bp −$6	6.7 bp −$67	16.3 bp −$1,632	46.5 bp −$23.3K
Sell Lighter live order book, 9 min ago	0.27 bp	0.3 bp $0	0.7 bp −$7	1.3 bp −$130	4.3 bp −$2,132

ETH on 54 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	2,747.7	−0.146%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0035%	8h	2,748.7	−0.108%	$2.36B	$4.14B	150x	as long as short
Hibachi ETH/USDT-P	−0.0024%	1h	2,749.6	−0.076%	$236K	$1.3M	20x	as long as short
Phoenix ETH	−0.0012%	1h	2,751.4	−0.011%	$814K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.9	−0.104%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,749	−0.100%	$11.1M	$41.5M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,748.9	−0.102%	$6.8M	$664.3M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,749.2	−0.092%	$273K	$5.3M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.8	−0.071%	$33.2M	—	200x	as long as short
Phemex ETHUSDT	+0.0010%	8h	2,749.4	−0.085%	$264.6M	$59.4M	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,749.4	−0.084%	$182K	$927K	50x	as long as short
Deribit ETH-PERPETUAL	+0.0026%	1h	2,750.9	−0.031%	$266.4M	$209.6M	50x	as long as short
Gate ETH_USDT	+0.0042%	8h	2,749.4	−0.085%	$3.28B	$8.57B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,748.2	−0.127%	$1.67B	$10.21B	100x	as long as short
Aster ETHUSDT	+0.0072%	8h	2,749.3	−0.089%	$253.6M	$796.7M	200x	as long as short
ApeX Omni ETHUSDTlong	+0.0075%	1h	2,751.7	long leg	$8.4M	$30.4M	100x
Aevo ETH-PERP	+0.0080%	1h	2,747.2	−0.162%	$4.9M	$200K	20x	as long as short
Binance ETHUSDT	+0.0081%	8h	2,749.4	−0.085%	$6.40B	$15.44B	150x	as long as short
MEXC ETH_USDT	+0.0081%	8h	2,749.1	−0.094%	$1.58B	$2.63B	500x	as long as short
HTX ETH-USDT	+0.0081%	8h	2,749.5	−0.082%	$1.05B	$1.16B	200x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,749.4	−0.085%	$368.1M	$482.1M	100x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,749.6	−0.077%	$54.8M	$160.1M	40x	as long as short
Lighter ETHshort	+0.0096%	1h	2,749.8	−0.071%	$113.6M	$411.9M	50x
Lighter RH ETH	+0.0096%	1h	2,751.2	−0.017%	$24.8M	$100.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,748.9	−0.103%	—	$24.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749	−0.098%	$504K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,752.7	+0.036%	$15.7M	$6.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.7	−0.147%	$14.6M	$100.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,751	−0.026%	$3.13B	$1.94B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,748.9	−0.102%	$32.1M	$327.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,747.9	−0.138%	$2.8M	$15.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,749.4	−0.083%	$1.5M	$15.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	−0.013%	$166.7M	$340.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,749.7	−0.074%	$2.11B	$2.55B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,749.3	−0.086%	—	$990.1M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,747.7	−0.146%	$15.0M	$37.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.4	−0.192%	$131.8M	$307.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,752.5	+0.028%	$186.5M	$693.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,751.4	−0.010%	$160.0M	$73.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750	−0.062%	$21.1M	$72.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,750.7	−0.036%	—	$409K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.3	−0.051%	$11.3M	$9.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,749.4	−0.085%	$177K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,749	−0.100%	$947K	$10.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.7	−0.109%	$30.4M	$68.6M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,750.5	−0.045%	$82.7M	$291.0M	100x	as long as short
Aftermath Perps ETHUSD	+0.0109%	1h	2,749.9	−0.066%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,750.6	−0.041%	$45.7M	$4.12B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,749.6	−0.076%	$5.6M	$11.3M	25x	as long as short
Reya ETHRUSDPERP	+0.0167%	1h	2,747.3	−0.160%	$7.3M	$885K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0181%	8h	2,752.1	+0.012%	$32.4M	$10.4M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,753.6	+0.069%	$122K	$23.9M	52x	as long as short
BloFin ETH-USDT	+0.0260%	8h	2,748	−0.133%	$282.1M	$169.9M	150x	as long as short
Bluefin ETH-PERP	+0.0541%	1h	2,749.6	−0.077%	$20K	$15K	25x	as long as short