ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Arcus−0.016%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$90.085% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.016%, 7d avg +0.002%

Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,742.2	0.0100	pay 0.0013% / 1h	47m 37s	$1.6M	$14.2M	25x
Short	Lighter RH ETH	2,741.7	0.0096	get 0.0012% / 1h	47m 37s	$23.6M	$93.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$0.84
Price spread: −0.016% → +0.002%: −$1.85
Slippage, 4 orders: −$4.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.24
Costs to cover: 0.085%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Lighter RH: live order book, 5 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 Arcus live order book, 5 min ago	0.05 bp	2.3 bp −$2	2.6 bp −$26	5.1 bp −$513	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.88 bp	1.9 bp −$2	2.7 bp −$27	6.5 bp −$645	52.6 bp −$26.3K

ETH on 55 exchanges

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	2,742.5	+0.012%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0058%	1h	2,738.1	−0.148%	$8.2M	$25.0M	100x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,742.2	+0.002%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,738.7	−0.125%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,738.3	−0.141%	$816K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,739.6	−0.094%	$7.4M	$656.5M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,739.9	−0.083%	$267K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,739.2	−0.109%	$33.1M	—	200x	as long as short
Bybit ETHUSDT	+0.0047%	8h	2,741.5	−0.024%	$2.37B	$3.77B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,741.9	−0.010%	$183K	$910K	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ETH-USD	+0.0069%	1h	2,739.6	−0.093%	$15.2M	$42.3M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,741.2	−0.035%	$1.67B	$9.02B	100x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,740.9	−0.045%	$378.3M	$433.6M	100x	as long as short
SoDEX ETH-USD	+0.0096%	1h	2,739.4	−0.101%	$61.7M	$121.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,740.7	−0.053%	$113.7M	$382.2M	50x	as long as short
Lighter RH ETHshort	+0.0096%	1h	2,741.7	−0.016%	$23.6M	$93.6M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,738.1	−0.150%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,739	−0.114%	$4.9M	$250K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,740.8	−0.050%	$516K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.7	−0.125%	$14.7M	$93.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742.5	+0.012%	$3.15B	$1.67B	25x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,741.6	−0.020%	$255.1M	$702.2M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.1	−0.041%	$32.1M	$322.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,741.5	−0.025%	$6.41B	$13.68B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.1	−0.075%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,742.2	long leg	$1.6M	$14.2M	25x
Bulk ETH-USD	+0.0100%	1h	2,743.8	+0.060%	$163.0M	$315.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.6	−0.022%	$3.27B	$7.62B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,740.8	−0.050%	$1.60B	$2.29B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.2	−0.035%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,741.2	−0.036%	—	$936.6M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739	−0.116%	$14.9M	$35.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.7	−0.126%	$133.6M	$273.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.9	−0.194%	$184.1M	$557.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,735.1	−0.259%	$159.0M	$69.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.8	−0.013%	$21.1M	$76.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.1	−0.113%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,739.3	−0.105%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,738.3	−0.140%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.3	−0.104%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.3	−0.031%	$40.9M	$25.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,739	−0.115%	$944K	$8.2M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,740.8	−0.050%	$267.6M	$181.2M	50x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,739.3	−0.104%	$1.05B	$992.5M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,739.7	−0.091%	$262.8M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.2	−0.072%	$30.1M	$63.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0110%	1h	2,740.5	−0.062%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,741	−0.043%	$47.6M	$3.88B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,740.2	−0.071%	$82.5M	$265.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0145%	1h	2,736.9	−0.193%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,741.7	−0.016%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,742.5	+0.013%	$5.7M	$10.3M	25x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,735.7	−0.235%	$284.9M	$146.7M	150x	as long as short
Paradex ETH-USD-PERP	+0.0437%	8h	2,743.2	+0.038%	$15.7M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,743.2	+0.038%	$118K	$25.2M	52x	as long as short