ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.008%

Price spread now: dYdX against Lighter RH−0.053%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter RH Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.053%, 7d avg −0.033%

Together, before fees+0.199%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,731.1	0.0096	pay 0.0012% / 1h	1m 27s	$23.5M	$103.5M	50x
Short	dYdX ETH-USD	2,729.6	0	get 0.0000% / 1h	1m 27s	$10.5M	$42.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$20.16
Price spread: −0.053% → −0.033%: −$2.01
Slippage, 4 orders: −$6.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.94
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; dYdX: 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 RH live order book, 3 min ago	0.64 bp	0.7 bp −$1	1.6 bp −$16	10.2 bp −$1,018	doesn't fit
Sell dYdX live order book, 3 min ago	0.18 bp	7.2 bp −$7	18.6 bp −$186	40.6 bp −$4,057	90.8 bp −$45.4K

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
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	−0.071%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.115%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.5	−0.057%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,730	−0.038%	$812K	$3.0M	25x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,729.6	−0.053%	$10.5M	$42.8M	50x
Kalshi KXETHPERP	0.0000%	8h	2,730.3	−0.027%	$6.7M	$682.2M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,728.4	−0.099%	$287K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,730	−0.038%	$262.5M	$213.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,729.5	−0.055%	$32.9M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	+0.053%	$8.6M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0022%	8h	2,727.9	−0.114%	—	$18.6M	—	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,729.9	−0.042%	$191K	$890K	50x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,728.6	−0.088%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,728.9	−0.078%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,729.3	−0.065%	$385.6M	$577.5M	100x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,729	−0.075%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,728.7	−0.087%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,728.8	−0.081%	$252.8M	$847.3M	200x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,729.1	−0.072%	$188K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,729	−0.074%	$6.33B	$16.12B	150x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,729.3	−0.063%	$262.8M	$64.5M	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,729	−0.075%	$1.53B	$2.61B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,730	−0.038%	$112.6M	$439.6M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,731.1	long leg	$23.5M	$103.5M	50x
Aevo ETH-PERP	+0.0096%	1h	2,726.5	−0.167%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729	−0.075%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,733.4	+0.085%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.2	−0.067%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.3	+0.008%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.3	−0.027%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.5	−0.093%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730	−0.038%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,731.8	+0.028%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.2	−0.070%	$3.30B	$9.06B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.9	−0.079%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.2	−0.069%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.5	+0.054%	$134.3M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.3	−0.028%	$185.6M	$683.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.1	−0.033%	$158.7M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,729.4	−0.060%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.7	−0.013%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.2	−0.031%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,729.5	−0.058%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.058%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729	−0.076%	$958K	$10.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,731.7	+0.023%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.4	−0.097%	$30.4M	$72.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.7	−0.049%	—	$30.5M	500x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	2,730	−0.040%	$243K	$1.4M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730.4	−0.024%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,729.7	−0.049%	$5.6M	$11.6M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,731.3	+0.009%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,728.1	−0.107%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,729.7	−0.049%	$82.1M	$309.8M	100x	as long as short
BloFin ETH-USDT	+0.0319%	8h	2,730.2	−0.030%	$281.2M	$176.0M	150x	as long as short