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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.003%
Price spread now: Binance against Lighter RH−0.067%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Long on Lighter RHShort on Binance
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+0.055%+$5 · spread now −0.067%, 7d avg −0.025%
Together, before fees−0.031%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.041% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,778.90.0096pay 0.0012% / 1h18m 53s$25.4M$121.6M50x
ShortBinance ETHUSDT2,777.10.0065get 0.0065% / 8h1h 18m$6.44B$17.20B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$6.45
Price spread: −0.067% → −0.025%
−$4.15
Slippage, 4 orders
−$3
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$23.6
Costs to cover
0.130%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 10 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 RH live order book, 5 min ago0.97 bp1.8 bp −$24.1 bp −$4111.3 bp −$1,13070.6 bp −$35.3K
Sell Binance live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5958.9 bp −$4,436

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−0.0447%43m2,777.6−0.048%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.5−0.087%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2−0.025%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.025%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,777.3−0.058%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0016%1h2,777.7−0.042%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.4−0.054%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.025%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.5−0.015%$22.4M—200xas long as short
BingX ETH-USDC+0.0017%8h2,776.7−0.080%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,776.9−0.071%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0019%8h2,777.9−0.036%$270.1M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,778.4−0.018%$13.0M—200xas long as short
Bullet ETH-USD+0.0038%1h2,777.9−0.036%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0039%8h2,777.3−0.059%$256.7M$992.0M200xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,778.5−0.015%$258.4M$222.4M50xas long as short
Nado ETH-PERP+0.0059%1h2,776.9−0.072%$14.3M$118.1M50xas long as short
MEXC ETH_USDT+0.0064%8h2,777.1−0.065%$1.62B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,775.9−0.109%$5.0M$636K20xas long as short
Binance ETHUSDTshort+0.0065%8h2,777.1−0.067%$6.44B$17.20B150x
Bitget ETHUSDT+0.0070%8h2,777.3−0.057%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,776.9−0.071%$3.29B$9.65B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,780.3+0.049%$8.8M$32.6M100xas long as short
SoDEX ETH-USD+0.0078%1h2,777−0.068%$55.3M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,777−0.068%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,776.9−0.071%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,777.9−0.036%$115.3M$502.0M50xas long as short
Lighter RH ETHlong+0.0096%1h2,778.9long leg$25.4M$121.6M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.3−0.057%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,777.1−0.064%$422.9M$739.6M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.5−0.087%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1−0.065%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.2+0.047%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,777.1−0.065%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.1−0.101%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.2−0.027%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.001%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.4−0.054%$15.2M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6−0.010%$136.7M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,779.6+0.027%$181.9M$783.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.8+0.070%$161.7M$91.5M50xas long as short
StandX ETH-USD+0.0100%1h2,779+0.004%$21.5M$58.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.1+0.007%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.9−0.036%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.3+0.015%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.5−0.087%$973K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,778.2−0.025%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,776.4−0.090%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.2−0.026%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3−0.022%$8.4M$678.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,779.7+0.029%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.2−0.025%$86.0M$332.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,776.9−0.072%$283.9M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,777.8−0.040%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,781.9+0.108%$271K$1.5M20xas long as short