ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%

Price spread now: Aevo against Lighter RH−0.106%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Lighter RH Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now −0.106%, 7d avg −0.118%

Together, before fees−0.364%+ Points / potential airdropLighter RH: Points live · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,745.7	0.0096	pay 0.0012% / 1h	58m 38s	$24.8M	$91.7M	50x
Short	Aevo ETH-PERP	2,742.8	0.0080	get 0.0010% / 1h	58m 38s	$4.9M	$200K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter RH. 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 Lighter RHbpFee AevobpOrdersPrice spread, now −0.106%Rate

Funding earned: −$3.36
Price spread: −0.106% → −0.118%: $1.16
Slippage, 4 orders: −$18.06
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$36.26
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Aevo: live order book, 1 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 RH live order book, 5 min ago	1.20 bp	1.2 bp −$1	1.7 bp −$17	6.2 bp −$622	68.8 bp −$34.4K
Sell Aevo live order book, 1 min ago	4.21 bp	19.4 bp −$19	28.2 bp −$282	43.2 bp −$4,317	doesn't fit

ETH on 54 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
Hotstuff ETH-PERP	−0.0080%	1h	2,748.4	+0.098%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0039%	8h	2,743.2	−0.093%	$2.35B	$4.15B	150x	as long as short
Hibachi ETH/USDT-P	−0.0024%	1h	2,750	+0.154%	$236K	$1.3M	20x	as long as short
Phoenix ETH	−0.0012%	1h	2,751.4	+0.207%	$814K	$2.8M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,748.9	+0.114%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,743.9	−0.065%	$11.1M	$41.4M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,747.9	+0.079%	$6.8M	$664.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,746.2	+0.018%	$271K	$5.2M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,746.2	+0.017%	$266.4M	$209.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.8	+0.148%	$33.2M	—	200x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0016%	1h	2,744.8	−0.034%	$179K	$943K	50x	as long as short
Phemex ETHUSDT	+0.0034%	8h	2,745.6	−0.006%	$264.2M	$59.4M	150x	as long as short
Gate ETH_USDT	+0.0037%	8h	2,744.1	−0.058%	$3.27B	$7.65B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0069%	8h	2,743.4	−0.086%	$1.66B	$10.17B	100x	as long as short
ApeX Omni ETHUSDT	+0.0070%	1h	2,749.5	+0.137%	$8.3M	$30.3M	100x	as long as short
Aster ETHUSDT	+0.0071%	8h	2,744.6	−0.041%	$252.9M	$796.6M	200x	as long as short
SoDEX ETH-USD	+0.0078%	1h	2,745	−0.026%	$54.7M	$160.0M	40x	as long as short
HTX ETH-USDT	+0.0079%	8h	2,744.7	−0.036%	$1.05B	$1.16B	200x	as long as short
Kraken Futures PF_ETHUSD	+0.0080%	1h	2,745.8	+0.003%	$82.5M	$290.8M	100x	as long as short
Aevo ETH-PERPshort	+0.0080%	1h	2,742.8	−0.106%	$4.9M	$200K	20x
MEXC ETH_USDT	+0.0081%	8h	2,744.2	−0.056%	$1.58B	$2.46B	500x	as long as short
Binance ETHUSDT	+0.0081%	8h	2,743.6	−0.077%	$6.40B	$15.42B	150x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,744	−0.064%	$367.6M	$481.9M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,744.3	−0.052%	$113.6M	$378.4M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,745.7	long leg	$24.8M	$91.7M	50x
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,749.9	+0.153%	—	$24.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.4	−0.048%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,749	+0.119%	$15.7M	$6.6M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.9	+0.080%	$14.6M	$100.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,746.2	+0.019%	$3.13B	$1.94B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,744.8	−0.034%	$32.1M	$326.2M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,744.1	−0.059%	$2.8M	$15.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,745	−0.025%	$1.5M	$15.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.206%	$166.7M	$340.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,743.8	−0.069%	$2.11B	$2.55B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,743.6	−0.079%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,745.3	−0.014%	$14.9M	$37.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.4	+0.025%	$131.8M	$307.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,749	+0.119%	$186.3M	$695.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,749.1	+0.125%	$159.8M	$73.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,749.4	+0.134%	$21.1M	$72.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,748.8	+0.114%	—	$409K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.2	+0.090%	$11.3M	$9.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,745.6	−0.004%	$176K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,745.7	−0.001%	$20K	$15K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,746.3	+0.021%	$946K	$9.9M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.2	−0.090%	$30.4M	$68.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,745.9	+0.007%	$45.6M	$4.10B	50x	as long as short
Aftermath Perps ETHUSD	+0.0107%	1h	2,749.6	+0.143%	$30K	$12K	20x	as long as short
Reya ETHRUSDPERP	+0.0167%	1h	2,745	−0.028%	$7.3M	$880K	25x	as long as short
RISEx ETH/USDC	+0.0167%	1h	2,745.2	−0.018%	$5.6M	$11.2M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0182%	8h	2,747.5	+0.063%	$32.4M	$10.4M	100x	as long as short
BloFin ETH-USDT	+0.0301%	8h	2,745	−0.026%	$281.8M	$166.0M	150x	as long as short
Injective ETH/USDC PERP	+0.0308%	1h	2,752.8	+0.258%	$122K	$19.9M	52x	as long as short