data as of
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Price arb /

ETH

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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.

After costs, if the gap returns to its 7d average, $10k+$10
spread now+0.237%7d average−0.019%fees + slippage, in and out−$16spread needed0.160%
Long on HibachiShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi ETH/USDT-P2,746.50.0080pay 0.0010% / 1h48m 14s$289K$1.3M20x
ShortLighter ETH2,7530.0096get 0.0012% / 1h48m 14s$117.8M$491.5M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$23.67
Funding while held
$0.48
Slippage, 4 orders
−$6.97
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
$8.17
Spread needed to break even
0.160%
Slippage from Hibachi: live order book, 2 min ago; Lighter: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0016%
Per $10,000 a day
+$0.48
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 2 min ago0.67 bp9.2 bp −$920.5 bp −$205doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago0.25 bp0.3 bp $00.8 bp −$82.7 bp −$2686.4 bp −$3,183

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Injective2,743.9cheapestVariational Omni2,745.1+0.045%ApeX Omni2,745.3+0.050%edgeX2,745.6+0.061%StandX2,746.2+0.084%
Hibachi2,746.5+0.096%
Phoenix2,747.4+0.128%BloFin2,747.7+0.138%Bulk2,747.9+0.145%Backpack2,748+0.150%Hotstuff2,748.2+0.157%Aftermath Perps2,748.9+0.183%Derive2,749.8+0.216%SunX2,750.7+0.249%Aster2,750.9+0.256%Vest2,751+0.258%Extended2,751.1+0.264%Aevo2,751.1+0.264%OKX2,751.2+0.265%BingX2,751.3+0.271%KuCoin2,751.4+0.272%Binance2,751.4+0.274%Bitget2,751.5+0.277%Phemex2,751.5+0.277%MEXC2,751.5+0.277%Bullet2,751.6+0.279%Katana Perps2,751.6+0.281%Nado2,751.7+0.284%HTX2,751.7+0.284%Bybit2,751.9+0.290%Ondo Perps2,752+0.295%Gate2,752+0.295%SoDEX2,752+0.295%Reya2,752.1+0.300%gTrade (Gains Network)2,752.2+0.302%01 Exchange2,752.3+0.306%Perpl2,752.4+0.309%Polymarket Perps2,752.4+0.310%Bluefin2,752.4+0.310%GMX2,752.5+0.312%dYdX2,752.7+0.321%Arcus2,752.8+0.323%Kalshi2,752.8+0.324%Pacifica2,752.9+0.327%Jupiter Perps2,753+0.330%RISEx2,753+0.331%
Lighter2,753+0.333%
Deribit2,753.1+0.335%Lighter RH2,753.3+0.341%Kraken Futures2,753.8+0.361%Orderly2,754.3+0.378%Coinbase International2,754.5+0.387%Hyperliquid2,755.5+0.423%Paradex2,756.4+0.456%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ETH/USDC PERP−0.096%−0.0054%1h$118K$22.5M52xas long as short
Variational Omni ETH−0.051%+0.0100%8h$149.5M$304.5M—as long as short
ApeX Omni ETHUSDT−0.046%−0.0040%1h$7.7M$27.8M100xas long as short
edgeX ETHUSDC−0.035%+0.0100%4h$177.9M$755.2M100xas long as short
StandX ETH-USD−0.012%+0.0100%1h$21.1M$51.3M40xas long as short
Hibachi ETH/USDT-Plong0.000%+0.0080%1h$289K$1.3M20x
Phoenix ETH+0.032%+0.0035%1h$1.4M$2.4M25xas long as short
BloFin ETH-USDT+0.042%+0.0202%8h$294.0M$179.7M150xas long as short
Bulk ETH-USD+0.050%+0.0078%1h$156.0M$273.3M25xas long as short
Backpack ETH_USDC_PERP+0.054%+0.0100%1h$15.2M$40.3M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP+0.061%−0.0080%1h$5K$2K50xas long as short
Aftermath Perps ETHUSD+0.087%+0.0285%1h$29K$27K20xas long as short
Derive ETH-PERP+0.120%+0.0146%1h$42.6M$27.9M15xas long as short
SunX ETH-USDT+0.153%+0.0100%8h$950K$14.7M100xas long as short
Aster ETHUSDT+0.160%+0.0100%8h$271.0M$867.4M200xas long as short
Vest ETH-PERP+0.162%+0.0100%1h—$1.1M50xas long as short
Extended ETH-USD+0.168%+0.0104%1h$31.6M$78.9M50xas long as short
Aevo ETH-PERP+0.168%+0.0080%1h$5.0M$726K20xas long as short
OKX ETH-USDT-SWAP+0.169%+0.0012%8h$1.71B$11.17B100xas long as short
BingX ETH-USDT+0.175%+0.0009%8h—$1.11B—as long as short
KuCoin ETHUSDTM+0.176%+0.0100%8h$414.1M$682.3M100xas long as short
Binance ETHUSDT+0.178%+0.0082%8h$6.57B$15.81B150xas long as short
Bitget ETHUSDT+0.181%+0.0071%8h$2.10B$3.17B150xas long as short
Phemex ETHUSDT+0.181%−0.0084%8h$265.5M$66.8M150xas long as short
MEXC ETH_USDT+0.181%+0.0081%8h$1.51B$2.41B500xas long as short
Bullet ETH-USD+0.183%+0.0100%1h$197K$1.9M20xas long as short
Katana Perps ETH-USD+0.185%+0.0100%8h$471K$2.1M50xas long as short
Nado ETH-PERP+0.188%+0.0100%1h$17.9M$113.6M50xas long as short
HTX ETH-USDT+0.188%+0.0088%8h$1.09B$1.19B200xas long as short
Bybit ETHUSDT+0.194%+0.0100%8h$2.51B$4.49B150xas long as short
Ondo Perps ETH-USD.P+0.199%+0.0100%1h$3.0M$14.6M25xas long as short
Gate ETH_USDT+0.199%+0.0100%8h$3.40B$8.63B200xas long as short
SoDEX ETH-USD+0.199%+0.0007%1h$55.6M$161.7M40xas long as short
Reya ETHRUSDPERP+0.204%+0.0167%1h$7.3M$977K25xas long as short
gTrade (Gains Network) ETH/USD+0.206%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
01 Exchange ETHUSD+0.210%+0.0032%1h$179K$1.2M50xas long as short
Perpl ETH+0.213%−0.0447%43m$443K$6.1M8.3xas long as short
Polymarket Perps ETH-USD+0.214%+0.0100%1h$10.7M$5.4M50xas long as short
Bluefin ETH-PERP+0.214%+0.0100%1h$21K$26K25xas long as short
GMX ETH/USD [ETH-USDC]+0.216%L −0.0013% / S +0.0045%1h$11.8M—200xas long as short
dYdX ETH-USD+0.225%0.0000%1h$16.2M$33.1M50xas long as short
Arcus ETH-USD+0.226%+0.0100%1h$2.7M$16.0M25xas long as short
Kalshi KXETHPERP+0.228%+0.0113%8h$9.3M$553.6M4.9xas long as short
Pacifica ETH+0.231%+0.0100%1h$30.9M$216.7M50xas long as short
Jupiter Perps ETH-PERP+0.234%L +0.0096% / S +0.0048%1h—$44.7M500xas long as short
RISEx ETH/USDC+0.235%+0.0122%1h$5.8M$13.2M25xas long as short
Lighter ETHshort+0.237%+0.0096%1h$117.8M$491.5M50x
Deribit ETH-PERPETUAL+0.239%+0.0132%1h$259.7M$214.4M50xas long as short
Lighter RH ETH+0.245%+0.0096%1h$25.5M$116.2M50xas long as short
Kraken Futures PF_ETHUSD+0.265%+0.0263%1h$86.9M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.281%+0.0197%8h$32.3M$10.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.291%+0.0120%1h$60.1M$4.76B50xas long as short
Hyperliquid ETH+0.327%+0.0574%1h$3.30B$2.17B25xas long as short
Paradex ETH-USD-PERP+0.360%+0.0100%8h$14.7M$11.6M50xas long as short