Funding you earn now, next payment 09:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%
Price spread now: Lighter against Hotstuff−0.019%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ETH-PERP | 2,728.4 | −0.0080 | get 0.0010% / 1h | 53m 48s | $5K | $1K | 50x |
| Short | Lighter ETH | 2,727.9 | 0.0096 | get 0.0012% / 1h | 53m 48s | $112.1M | $400.3M | 50x |
Hotstuff ETH-PERP
Lighter ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $36.96
- Price spread: −0.019% → 0.000%
- −$1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $30.05
- Costs to cover
- 0.050%
- Break-even
- 1.3 days
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.20 bp | 0.4 bp $0 | 0.8 bp −$8 | 1.4 bp −$144 | 5.2 bp −$2,595 |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,729.3 | +0.034% | $276K | $5.7M | 8.3x | as long as short |
| Hotstuff ETH-PERPlong | −0.0080% | 1h | 2,728.4 | long leg | $5K | $1K | 50x | |
| Phoenix ETH | −0.0015% | 1h | 2,728.7 | +0.011% | $805K | $3.0M | 25x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,728.3 | −0.003% | $11.9M | — | 200x | as long as short |
| Phemex ETHUSDT | −0.0004% | 8h | 2,727.4 | −0.036% | $262.8M | $64.0M | 150x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,730.3 | +0.071% | $10.5M | $41.8M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,729.1 | +0.026% | $6.7M | $672.5M | 4.9x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,728.2 | −0.006% | $264.5M | $219.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,727.8 | −0.023% | $32.9M | — | 200x | as long as short |
| Gate ETH_USDT | +0.0043% | 8h | 2,727.7 | −0.025% | $3.29B | $8.20B | 200x | as long as short |
Perpl ETH
Phoenix ETH
GMX ETH/USD [ETH-USDC]
Phemex ETHUSDT
dYdX ETH-USD
Kalshi KXETHPERP
Deribit ETH-PERPETUAL
gTrade (Gains Network) ETH/USD
Gate ETH_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0049% | 8h | 2,727.3 | −0.040% | $2.32B | $4.32B | 150x | as long as short |
| HTX ETH-USDT | +0.0053% | 8h | 2,727 | −0.050% | $1.05B | $1.22B | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0079% | 8h | 2,726.8 | −0.057% | $1.65B | $10.72B | 100x | as long as short |
| 01 Exchange ETHUSD | +0.0080% | 1h | 2,729.9 | +0.055% | $191K | $884K | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0083% | 8h | 2,727.6 | −0.028% | $383.7M | $576.4M | 100x | as long as short |
| Aster ETHUSDT | +0.0086% | 8h | 2,728 | −0.016% | $252.1M | $849.3M | 200x | as long as short |
| Hibachi ETH/USDT-P | +0.0088% | 1h | 2,727.2 | −0.045% | $242K | $1.4M | 20x | as long as short |
| ApeX Omni ETHUSDT | +0.0089% | 1h | 2,726.3 | −0.076% | $8.4M | $31.2M | 100x | as long as short |
| SunX ETH-USDT | +0.0089% | 8h | 2,727.3 | −0.039% | $954K | $10.7M | 100x | as long as short |
| MEXC ETH_USDT | +0.0095% | 8h | 2,727.7 | −0.026% | $1.56B | $2.54B | 500x | as long as short |
| Binance ETHUSDT | +0.0095% | 8h | 2,727.8 | −0.022% | $6.31B | $16.09B | 150x | as long as short |
| Lighter ETHshort | +0.0096% | 1h | 2,727.9 | −0.019% | $112.1M | $400.3M | 50x | |
| Lighter RH ETH | +0.0096% | 1h | 2,729.3 | +0.033% | $23.6M | $95.5M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0056% | 1h | 2,728.3 | −0.004% | — | $30.5M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,725.9 | −0.091% | $4.9M | $193K | 20x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,728.4 | 0.000% | $500K | $3.6M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,731.5 | +0.113% | $15.4M | $7.4M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,728 | −0.016% | $14.1M | $103.0M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,729.7 | +0.048% | $3.10B | $2.03B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,729.5 | +0.040% | $32.1M | $332.5M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,728.4 | 0.000% | $2.7M | $16.6M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,728.9 | +0.016% | $1.6M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,727.1 | −0.047% | $161.7M | $337.0M | 25x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,727.4 | −0.038% | $2.10B | $2.76B | 150x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,727.9 | −0.019% | — | $1.07B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,727.6 | −0.028% | $15.2M | $40.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,727.3 | −0.040% | $131.3M | $315.9M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,728.4 | +0.001% | $185.6M | $683.6M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,725.7 | −0.100% | $158.4M | $81.2M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,729.3 | +0.033% | $21.0M | $70.3M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,730.2 | +0.067% | — | $441K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,730 | +0.059% | $11.2M | $9.4M | 50x | as long as short |
| Bullet ETH-USD | +0.0100% | 1h | 2,728.5 | +0.004% | $179K | $1.7M | 20x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,728.3 | −0.005% | $20K | $23K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,731.7 | +0.120% | $40.6M | $29.2M | 15x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,727.4 | −0.037% | $54.3M | $182.6M | 40x | as long as short |
| Aftermath Perps ETHUSD | +0.0102% | 1h | 2,727.2 | −0.043% | $30K | $20K | 20x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,726.8 | −0.059% | $30.4M | $71.2M | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0105% | 1h | 2,727.9 | −0.018% | $81.9M | $310.5M | 100x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,728.4 | 0.000% | $46.6M | $4.24B | 50x | as long as short |
| RISEx ETH/USDC | +0.0137% | 1h | 2,729.2 | +0.031% | $5.6M | $11.6M | 25x | as long as short |
| BloFin ETH-USDT | +0.0144% | 8h | 2,726.8 | −0.059% | $282.7M | $177.5M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0175% | 1h | 2,727.9 | −0.020% | $7.3M | $972K | 25x | as long as short |
| Orderly PERP_ETH_USDC | +0.0187% | 8h | 2,730 | +0.060% | $32.2M | $11.3M | 100x | as long as short |
| Injective ETH/USDC PERP | +0.0253% | 1h | 2,725.2 | −0.117% | $117K | $19.3M | 52x | as long as short |
Bybit ETHUSDT
HTX ETH-USDT
OKX ETH-USDT-SWAP
01 Exchange ETHUSD
KuCoin ETHUSDTM
Aster ETHUSDT
Hibachi ETH/USDT-P
ApeX Omni ETHUSDT
SunX ETH-USDT
MEXC ETH_USDT
Binance ETHUSDT
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Bitget ETHUSDT
BingX ETH-USDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bullet ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SoDEX ETH-USD
Aftermath Perps ETHUSD
Extended ETH-USD
Kraken Futures PF_ETHUSD
Coinbase International ETH-PERP-INTX
RISEx ETH/USDC
BloFin ETH-USDT
Reya ETHRUSDPERP
Orderly PERP_ETH_USDC
Injective ETH/USDC PERP