After costs, if the gap returns to its 7d average, $10k+$19
spread now+0.276%7d average+0.003%fees + slippage, in and out−$8spread needed0.081%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ETH-USD | 2,738.6 | 0.0100 | pay 0.0013% / 1h | 13m 25s | $151.8M | $273.7M | 25x |
| Short | Lighter ETH | 2,746.1 | 0.0096 | get 0.0012% / 1h | 13m 25s | $118.2M | $500.3M | 50x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $27.55
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$1.11
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.32
- Spread needed to break even
- 0.081%
Slippage from Bulk: live order book, 2 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- Average in range /8h
- —
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 Bulk live order book, 2 min ago | 0.05 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.0 bp −$398 | 4.2 bp −$2,085 |
| Sell Lighter live order book, 7 min ago | 0.18 bp | 0.4 bp $0 | 1.0 bp −$10 | 1.5 bp −$151 | 4.4 bp −$2,181 |
ETH price on every exchange
against the cheapest. Click to use as the short leg.ETH on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ETH | −0.027% | +0.0100% | 8h | $151.7M | $300.2M | — | as long as short |
| Bulk ETH-USDlong | 0.000% | +0.0100% | 1h | $151.8M | $273.7M | 25x | |
| edgeX ETHUSDC | +0.037% | +0.0100% | 4h | $177.7M | $752.1M | 100x | as long as short |
| Phoenix ETH | +0.040% | +0.0050% | 1h | $1.4M | $2.4M | 25x | as long as short |
| ApeX Omni ETHUSDT | +0.086% | −0.0032% | 1h | $7.7M | $27.6M | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.112% | +0.0293% | 1h | $29K | $27K | 20x | as long as short |
| BloFin ETH-USDT | +0.128% | +0.0210% | 8h | $295.5M | $178.3M | 150x | as long as short |
| Hibachi ETH/USDT-P | +0.157% | +0.0096% | 1h | $288K | $1.3M | 20x | as long as short |
| Aevo ETH-PERP | +0.174% | +0.0088% | 1h | $5.0M | $729K | 20x | as long as short |
| HTX ETH-USDT | +0.187% | +0.0080% | 8h | $1.09B | $1.18B | 200x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex ETHUSDT | +0.192% | +0.0037% | 8h | $265.3M | $66.4M | 150x | as long as short |
| Nado ETH-PERP | +0.199% | +0.0100% | 1h | $17.8M | $113.3M | 50x | as long as short |
| Backpack ETH_USDC_PERP | +0.202% | +0.0100% | 1h | $15.0M | $39.7M | 50x | as long as short |
| SoDEX ETH-USD | +0.212% | −0.0017% | 1h | $55.4M | $161.6M | 40x | as long as short |
| Perpl ETH | +0.213% | −0.0447% | 43m | $412K | $5.9M | 8.3x | as long as short |
| SunX ETH-USDT | +0.215% | +0.0100% | 8h | $946K | $14.6M | 100x | as long as short |
| StandX ETH-USD | +0.219% | +0.0100% | 1h | $21.0M | $51.6M | 40x | as long as short |
| Bitget ETHUSDT | +0.227% | +0.0062% | 8h | $2.13B | $3.09B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.230% | +0.0008% | 1h | $183K | $1.2M | 50x | as long as short |
| Extended ETH-USD | +0.232% | +0.0104% | 1h | $32.6M | $75.3M | 50x | as long as short |
| Injective ETH/USDC PERP | +0.234% | +0.0067% | 1h | $118K | $22.5M | 52x | as long as short |
| Vest ETH-PERP | +0.235% | +0.0100% | 1h | — | $1.2M | 50x | as long as short |
| Kalshi KXETHPERP | +0.238% | 0.0000% | 8h | $7.5M | $537.6M | 4.9x | as long as short |
| Ondo Perps ETH-USD.P | +0.241% | +0.0100% | 1h | $3.0M | $13.6M | 25x | as long as short |
| Hotstuff ETH-PERP | +0.248% | −0.0080% | 1h | $5K | $2K | 50x | as long as short |
| OKX ETH-USDT-SWAP | +0.252% | +0.0013% | 8h | $1.71B | $11.08B | 100x | as long as short |
| Gate ETH_USDT | +0.252% | −0.0051% | 8h | $3.68B | $8.73B | 200x | as long as short |
| Jupiter Perps ETH-PERP | +0.257% | L +0.0096% / S +0.0048% | 1h | — | $44.8M | 500x | as long as short |
| KuCoin ETHUSDTM | +0.257% | +0.0100% | 8h | $442.5M | $656.4M | 100x | as long as short |
| MEXC ETH_USDT | +0.261% | +0.0090% | 8h | $1.54B | $2.48B | 500x | as long as short |
| Bullet ETH-USD | +0.263% | +0.0016% | 1h | $191K | $1.9M | 20x | as long as short |
| Reya ETHRUSDPERP | +0.263% | +0.0161% | 1h | $7.3M | $970K | 25x | as long as short |
| Binance ETHUSDT | +0.270% | +0.0091% | 8h | $6.54B | $15.42B | 150x | as long as short |
| Pacifica ETH | +0.274% | +0.0100% | 1h | $31.0M | $209.4M | 50x | as long as short |
| Lighter ETHshort | +0.276% | +0.0096% | 1h | $118.2M | $500.3M | 50x | |
| Katana Perps ETH-USD | +0.278% | +0.0100% | 8h | $475K | $2.0M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.280% | +0.0350% | 1h | $87.6M | $312.5M | 100x | as long as short |
| BingX ETH-USDT | +0.283% | +0.0100% | 8h | — | $1.09B | — | as long as short |
| Aster ETHUSDT | +0.284% | +0.0100% | 8h | $273.6M | $842.5M | 200x | as long as short |
| Polymarket Perps ETH-USD | +0.285% | +0.0100% | 1h | $10.7M | $5.3M | 50x | as long as short |
| RISEx ETH/USDC | +0.288% | +0.0171% | 1h | $5.8M | $13.3M | 25x | as long as short |
| dYdX ETH-USD | +0.289% | +0.0085% | 1h | $16.1M | $33.0M | 50x | as long as short |
| Arcus ETH-USD | +0.293% | +0.0100% | 1h | $2.5M | $15.7M | 25x | as long as short |
| Bybit ETHUSDT | +0.295% | +0.0100% | 8h | $2.50B | $4.41B | 150x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.296% | +0.0088% | 1h | $60.3M | $4.78B | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | +0.310% | L +0.0019% / S +0.0013% | 1h | $11.9M | — | 200x | as long as short |
| Bluefin ETH-PERP | +0.314% | +0.0100% | 1h | $21K | $26K | 25x | as long as short |
| Deribit ETH-PERPETUAL | +0.316% | +0.0216% | 1h | $260.1M | $215.5M | 50x | as long as short |
| Lighter RH ETH | +0.320% | +0.0096% | 1h | $25.8M | $119.7M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | +0.322% | L +0.0006% / S −0.0006% | 1h | $22.2M | — | 200x | as long as short |
| Hyperliquid ETH | +0.347% | +0.0353% | 1h | $3.28B | $2.18B | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.352% | +0.0206% | 8h | $32.2M | $10.6M | 100x | as long as short |
| Derive ETH-PERP | +0.387% | +0.0315% | 1h | $42.7M | $27.1M | 15x | as long as short |
| Paradex ETH-USD-PERP | +0.416% | +0.0100% | 8h | $14.4M | $11.5M | 50x | as long as short |
Bulk ETH-USD
Lighter ETH
Variational Omni
Phoenix
ApeX Omni
BloFin
HTX
Phemex
Backpack
SoDEX
SunX
StandX
Bitget
Extended
Injective
OKX
Gate
KuCoin
MEXC
Bullet
Binance
Pacifica
Katana Perps
Kraken Futures
BingX
Aster
Polymarket Perps
RISEx
Bybit
Coinbase International
GMX
Bluefin
Deribit
Lighter RH
gTrade (Gains Network)
Hyperliquid
Derive
Paradex