ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: StandX against Lighter−0.036%46s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$120.119% of the position

Long on Lighter Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.036%, 7d avg +0.008%

Together, before fees+0.122%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board+$12 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: StandX is 0.043% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 46 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	2,742.5	0.0096	pay 0.0012% / 1h	8m 51s	$113.8M	$390.9M	50x
Short	StandX ETH-USD	2,741.5	0.0100	get 0.0013% / 1h	8m 51s	$21.1M	$74.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0.84
Price spread: −0.036% → +0.008%: −$4.35
Slippage, 4 orders: −$3.85
Fee Lighter: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$15.36
Costs to cover: 0.119%
Break-even: 135.0 days

Slippage from Lighter: live order book, 8 min ago; StandX: live order book, 3 min ago.

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, 8 min ago	0.02 bp	0.0 bp $0	0.0 bp $0	1.4 bp −$135	4.5 bp −$2,236
Sell StandX live order book, 3 min ago	0.91 bp	6.0 bp −$6	8.1 bp −$81	11.7 bp −$1,171	doesn't fit

ETH on 54 exchanges

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
Hotstuff ETH-PERP	−0.0080%	1h	2,749.9	+0.271%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0080%	1h	2,741.8	−0.026%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,740.4	−0.076%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,741.3	−0.043%	$820K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740.7	−0.065%	$7.3M	$655.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,740.4	−0.077%	$277K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,740.4	−0.077%	$33.1M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0016%	1h	2,738.1	−0.159%	$8.2M	$25.1M	100x	as long as short
Bybit ETHUSDT	+0.0034%	8h	2,741.8	−0.026%	$2.36B	$3.78B	150x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	2,740.7	−0.065%	$182K	$910K	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0068%	8h	2,741.7	−0.030%	$1.67B	$9.09B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,737.8	−0.171%	$4.9M	$244K	20x	as long as short
Aster ETHUSDT	+0.0088%	8h	2,742.1	−0.013%	$255.9M	$713.9M	200x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,741.7	−0.028%	$1.59B	$2.37B	500x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,741.3	−0.045%	$364.9M	$435.5M	100x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,742.2	−0.009%	$6.41B	$13.83B	150x	as long as short
dYdX ETH-USD	+0.0094%	1h	2,741.1	−0.052%	$15.2M	$42.5M	50x	as long as short
Lighter ETHlong	+0.0096%	1h	2,742.5	long leg	$113.8M	$390.9M	50x
Lighter RH ETH	+0.0096%	1h	2,743.4	+0.033%	$23.6M	$96.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,740.4	−0.077%	—	$23.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,742.3	−0.007%	$47.6M	$3.88B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.9	−0.094%	$511K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,740.3	−0.079%	$14.8M	$93.9M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.3	−0.043%	$32.2M	$322.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.5	−0.109%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.3	−0.043%	$1.5M	$14.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741	−0.055%	$163.6M	$316.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742	−0.016%	$3.27B	$7.80B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.8	−0.023%	$2.11B	$2.28B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,740.8	−0.062%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,740.4	−0.077%	$14.9M	$36.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.5	−0.110%	$132.3M	$277.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.5	−0.147%	$184.3M	$559.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740.5	−0.072%	$159.3M	$69.5M	50x	as long as short
StandX ETH-USDshort	+0.0100%	1h	2,741.5	−0.036%	$21.1M	$74.9M	40x
Vest ETH-PERP	+0.0100%	1h	2,741.7	−0.030%	—	$317K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.9	−0.021%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,740.4	−0.077%	$177K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,740.8	−0.061%	$20K	$12K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,740	−0.092%	$944K	$8.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,740.7	−0.065%	$61.7M	$121.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,740.3	−0.079%	$1.05B	$1.01B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,740.9	−0.057%	$262.9M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.6	−0.068%	$30.1M	$63.9M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,741.1	−0.050%	$82.6M	$268.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0108%	1h	2,741.6	−0.031%	$267.1M	$182.3M	50x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,740.7	−0.065%	$30K	$8K	20x	as long as short
Reya ETHRUSDPERP	+0.0149%	1h	2,739.6	−0.104%	$7.3M	$850K	25x	as long as short
Hyperliquid ETH	+0.0171%	1h	2,744.3	+0.066%	$3.14B	$1.69B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	2,743	+0.018%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0206%	1h	2,741.4	−0.041%	$5.7M	$10.4M	25x	as long as short
BloFin ETH-USDT	+0.0358%	8h	2,740.7	−0.066%	$284.3M	$147.6M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,744.9	+0.088%	$118K	$26.8M	52x	as long as short
Paradex ETH-USD-PERP	+0.0520%	8h	2,742.6	+0.005%	$15.8M	$6.2M	50x	as long as short