Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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.

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: SunX against Lighter−0.073%7-day average −0.049% · 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−$14as in the Price arb table
costs, in and out, $10k−$120.119% of the position
Long on LighterShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.073%, 7d avg −0.049%
Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · farm board+$6 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: SunX is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETH2,769.30.0096pay 0.0012% / 1h24m 19s$115.1M$499.6M50x
ShortSunX ETH-USDT2,767.30.0100get 0.0100% / 8h24m 19s$970K$13.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.073% → −0.049%
−$2.43
Slippage, 4 orders
−$3.9
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$13.49
Costs to cover
0.119%
Break-even
119.4 days
Slippage from Lighter: live order book, 5 min ago; SunX: live order book, 5 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, 5 min ago0.29 bp0.4 bp $00.7 bp −$71.4 bp −$1354.0 bp −$2,013
Sell SunX live order book, 5 min ago0.50 bp4.5 bp −$54.9 bp −$497.5 bp −$7479.8 bp −$4,905

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
Perpl ETH−0.0223%43m2,768.5−0.029%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,767.7−0.058%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.455%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.1−0.044%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.110%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,768.3−0.036%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,768.5−0.030%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.065%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.2−0.041%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,766.5−0.101%$1.70B$11.85B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,772.5+0.116%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,768.1−0.043%$12.8M—200xas long as short
Aster ETHUSDT+0.0030%8h2,767.5−0.065%$255.4M$1.00B200xas long as short
BingX ETH-USDT+0.0031%8h2,767.3−0.071%—$1.22B—as long as short
SoDEX ETH-USD+0.0032%1h2,766.3−0.109%$55.1M$229.0M40xas long as short
Phemex ETHUSDT+0.0036%8h2,767.3−0.073%$269.8M$69.0M150xas long as short
Deribit ETH-PERPETUAL+0.0043%1h2,767.8−0.054%$259.0M$222.4M50xas long as short
Bullet ETH-USD+0.0045%1h2,767.4−0.067%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,763.8−0.197%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,767.3−0.071%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,767.3−0.073%$6.44B$17.30B150xas long as short
Bitget ETHUSDT+0.0066%8h2,766.2−0.113%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,767.4−0.068%$3.29B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,767.5−0.065%$420.5M$739.9M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,768−0.046%$60.0M$4.58B50xas long as short
Bybit ETHUSDT+0.0089%8h2,766.7−0.093%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,768.5−0.030%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,766−0.118%$1.08B$1.32B200xas long as short
Lighter ETHlong+0.0096%1h2,769.3long leg$115.1M$499.6M50x
Lighter RH ETH+0.0096%1h2,769.5+0.007%$25.2M$121.5M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,767.3−0.071%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768−0.047%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767.7−0.058%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.8+0.018%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,768.8−0.020%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7−0.058%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8−0.017%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.130%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9+0.022%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.037%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.103%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.069%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.075%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8−0.055%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.1−0.043%$21K$24K25xas long as short
SunX ETH-USDTshort+0.0100%8h2,767.3−0.073%$970K$13.9M100x
Derive ETH-PERP+0.0100%1h2,769−0.013%$42.6M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,765.6−0.133%$32.5M$78.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.7+0.052%—$42.0M500xas long as short
Kalshi KXETHPERP+0.0114%8h2,770.1+0.029%$8.2M$686.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,767.7−0.060%$87.0M$335.4M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,769.30.000%$32.5M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.025%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,767.3−0.072%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.078%$252K$1.6M20xas long as short