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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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.

Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%
Price spread now: Lighter against Bitget+0.021%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.129% of the position
Long on BitgetShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.021%, 7d avg +0.012%
Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,725.60.0100pay 0.0100% / 8h1h 36m$2.08B$2.79B150x
ShortLighter ETH2,726.20.0096get 0.0012% / 1h36m 09s$112.0M$434.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
−$0.84
Price spread: +0.021% → +0.012%
$0.92
Slippage, 4 orders
−$0.92
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$12.84
Costs to cover
0.129%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 8 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 Bitget live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$607.6 bp −$76210.0 bp −$5,003
Sell Lighter live order book, 8 min ago0.31 bp0.4 bp $00.9 bp −$91.4 bp −$1373.9 bp −$1,965

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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.065%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.4−0.008%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3+0.025%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.072%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.9+0.009%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.065%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9+0.009%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.1+0.017%$6.7M$689.0M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.4+0.026%$262.6M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.2+0.019%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.3−0.012%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.1+0.017%$192K$895K50xas long as short
BingX ETH-USDT+0.0027%8h2,725.5−0.005%—$1.11B—as long as short
Bybit ETHUSDT+0.0033%8h2,725.7+0.001%$2.34B$4.42B150xas long as short
SoDEX ETH-USD+0.0065%1h2,725.4−0.008%$54.3M$187.3M40xas long as short
KuCoin ETHUSDTM+0.0072%8h2,725.6−0.002%$376.0M$577.6M100xas long as short
Aster ETHUSDT+0.0083%8h2,726+0.014%$251.9M$850.0M200xas long as short
SunX ETH-USDT+0.0085%8h2,725.2−0.018%$955K$11.1M100xas long as short
Aftermath Perps ETHUSD+0.0086%1h2,727+0.052%$30K$20K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,725.6−0.002%$1.65B$10.92B100xas long as short
Aevo ETH-PERP+0.0088%1h2,723.1−0.091%$4.9M$165K20xas long as short
MEXC ETH_USDT+0.0090%8h2,725.9+0.008%$1.52B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,725.9+0.008%$6.32B$16.18B150xas long as short
Lighter ETHshort+0.0096%1h2,726.2+0.021%$112.0M$434.1M50x
Lighter RH ETH+0.0096%1h2,727.7+0.077%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3−0.012%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.2+0.132%$15.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.5−0.005%$179K$1.7M20xas long as short
Nado ETH-PERP+0.0100%1h2,725.3−0.012%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.4+0.065%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.033%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.027%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.1+0.017%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.060%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.7+0.001%$3.29B$8.97B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,725.6long leg$2.08B$2.79B150x
Backpack ETH_USDC_PERP+0.0100%1h2,725.4−0.010%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2+0.019%$133.5M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.040%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.036%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726.9+0.047%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.6+0.036%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.4+0.028%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.1+0.016%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.082%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.1+0.016%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,724.8−0.030%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.9+0.009%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.3+0.062%$50.2M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.1+0.018%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.1+0.091%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0192%1h2,724.1−0.056%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.3+0.026%$83.2M$311.0M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,727.7+0.075%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2+0.019%$281.8M$175.4M150xas long as short