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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against Lighter+0.017%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$70.068% of the position
Long on LighterShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days+0.011%+$1 · spread now +0.017%, 7d avg +0.016%
Together, before fees+0.016%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,770.20.0096pay 0.0012% / 1h7m 19s$115.1M$460.2M50x
ShortArcus ETH-USD2,770.70.0100get 0.0013% / 1h7m 19s$2.8M$16.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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: +0.017% → +0.016%
$0.13
Slippage, 4 orders
−$2.33
Fee Lighter: 0 bp × 2 orders
$0
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$5.85
Costs to cover
0.068%
Break-even
55.8 days
Slippage from Lighter: live order book, 7 min ago; Arcus: live order book, 2 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 Lighter live order book, 7 min ago0.18 bp0.2 bp $00.4 bp −$41.0 bp −$983.9 bp −$1,926
Sell Arcus live order book, 2 min ago0.02 bp3.5 bp −$34.4 bp −$446.0 bp −$605doesn't fit

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.130%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.3+0.003%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,770.3+0.003%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.6+0.050%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770.3+0.003%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.8+0.021%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.7+0.054%$12.3M$42.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.8+0.022%$22.4M—200xas long as short
Bullet ETH-USD+0.0015%1h2,770.4+0.006%$185K$1.7M20xas long as short
Phemex ETHUSDT+0.0017%8h2,770.1−0.003%$269.6M$65.8M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0032%8h2,770.6+0.016%$1.71B$10.96B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,771+0.027%$12.7M—200xas long as short
SoDEX ETH-USD+0.0048%1h2,770−0.008%$55.2M$187.7M40xas long as short
Aster ETHUSDT+0.0051%8h2,770.5+0.011%$260.9M$850.2M200xas long as short
Aevo ETH-PERP+0.0056%1h2,768.4−0.064%$5.0M$156K20xas long as short
Binance ETHUSDT+0.0060%8h2,769.8−0.015%$6.47B$16.04B150xas long as short
MEXC ETH_USDT+0.0060%8h2,770.2−0.002%$1.61B$2.66B500xas long as short
Aftermath Perps ETHUSD+0.0070%1h2,771.4+0.045%$31K$21K20xas long as short
HTX ETH-USDT+0.0079%8h2,770−0.008%$1.07B$1.23B200xas long as short
Bitget ETHUSDT+0.0080%8h2,770.3+0.004%$2.10B$2.82B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.3+0.039%$60.3M$4.40B50xas long as short
Gate ETH_USDT+0.0085%8h2,770.7+0.017%$3.38B$9.11B200xas long as short
Vest ETH-PERP+0.0086%1h2,771.1+0.031%—$870K50xas long as short
KuCoin ETHUSDTM+0.0088%8h2,770.4+0.008%$419.7M$589.6M100xas long as short
Lighter ETHlong+0.0096%1h2,770.2long leg$115.1M$460.2M50x
Lighter RH ETH+0.0096%1h2,771.9+0.060%$25.6M$112.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.8+0.202%$16.0M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.3+0.003%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.2−0.002%$14.5M$112.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.8+0.093%$3.17B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,771.5+0.047%$31.4M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.1−0.003%$2.51B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.5+0.047%$2.8M$16.7M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,770.7+0.017%$2.8M$16.7M25x
Bulk ETH-USD+0.0100%1h2,771.7+0.054%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.8+0.021%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1+0.032%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,769.2−0.038%$134.1M$347.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,773.2+0.109%$184.0M$750.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.6+0.086%$161.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,773.5+0.120%$8.9M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.086%$21.4M$64.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.20.000%$10.5M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.022%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.3+0.074%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6−0.023%$971K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,770−0.006%$30.9M$74.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.6+0.049%—$36.0M500xas long as short
Kalshi KXETHPERP+0.0118%8h2,771.8+0.057%$8.2M$672.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.3+0.039%$97.9M$314.4M100xas long as short
Orderly PERP_ETH_USDC+0.0157%8h2,773.2+0.106%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,774.3+0.146%$253K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0172%1h2,771.5+0.048%$259.1M$201.5M50xas long as short
BloFin ETH-USDT+0.0180%8h2,770.2+0.001%$287.4M$175.1M150xas long as short
Reya ETHRUSDPERP+0.0214%1h2,770.2−0.001%$7.3M$1.1M25xas long as short