ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Ondo Perps against Lighter+0.033%55s7-day average −0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.351%−$35 · spread now +0.033%, 7d avg −0.036%

Together, before fees−0.270%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.069% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ETH	2,770	0.0096	pay 0.0012% / 1h	6m 50s	$114.6M	$515.6M	50x
Short	Ondo Perps ETH-USD.P	2,770.9	0.0100	get 0.0013% / 1h	6m 50s	$2.8M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee LighterbpFee Ondo PerpsbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0.84
Price spread: +0.033% → −0.036%: $6.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $2.71
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 12 min ago; Ondo Perps: no order-book sample. 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 Lighter live order book, 12 min ago	0.45 bp	0.5 bp −$1	0.8 bp −$8	1.8 bp −$177	4.6 bp −$2,283
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0112%	43m	2,770.8	+0.030%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.225%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.5	+0.091%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,770.9	+0.033%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,772.2	+0.080%	$885K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,770.7	+0.025%	$5.7M	$11.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.4	+0.013%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0001%	1h	2,773.2	+0.115%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.3	+0.048%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0023%	8h	2,769	−0.037%	$1.71B	$11.88B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0028%	8h	2,770.6	+0.023%	$266.9M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.2	+0.046%	$13.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0031%	1h	2,770.9	+0.031%	$8.7M	$32.6M	100x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,769.7	−0.011%	$256.2M	$995.7M	200x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,768.4	−0.057%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0050%	8h	2,769.5	−0.017%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,769.5	−0.017%	$6.43B	$17.23B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,772	+0.072%	$258.5M	$225.1M	50x	as long as short
Bitget ETHUSDT	+0.0076%	8h	2,769.4	−0.023%	$2.10B	$3.12B	150x	as long as short
Gate ETH_USDT	+0.0077%	8h	2,769.6	−0.014%	$3.28B	$9.70B	200x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,770.5	+0.019%	$184K	$1.8M	20x	as long as short
Lighter ETHlong	+0.0096%	1h	2,770	long leg	$114.6M	$515.6M	50x
Lighter RH ETH	+0.0096%	1h	2,771.4	+0.050%	$25.3M	$123.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773	+0.108%	—	$41.8M	500x	as long as short
Variational Omni ETH	+0.0097%	8h	2,770.2	+0.009%	$140.7M	$320.5M	—	as long as short
HTX ETH-USDT	+0.0098%	8h	2,770	+0.001%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.8	+0.029%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.4	+0.051%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,772.1	+0.077%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772	+0.072%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.7	+0.064%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.3	−0.023%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,770.9	+0.033%	$2.8M	$16.6M	25x
Arcus ETH-USD	+0.0100%	1h	2,772.8	+0.103%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	+0.021%	$164.9M	$252.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,770.4	+0.014%	$422.0M	$742.4M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,769.5	−0.016%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.2	+0.008%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.8	+0.031%	$179.5M	$782.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.4	+0.053%	$161.2M	$97.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773	+0.109%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.9	+0.068%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.2	+0.080%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.9	+0.068%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.8	+0.102%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.3	−0.025%	$971K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,770.1	+0.004%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769	−0.035%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.7	+0.064%	$59.8M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,772.5	+0.091%	$8.5M	$674.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,773.4	+0.123%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,770	+0.001%	$285.8M	$195.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,770.5	+0.018%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,771	+0.038%	$86.3M	$331.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0464%	1h	2,774.3	+0.155%	$282K	$1.5M	20x	as long as short