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Price arb /

ETH

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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.

After costs, if the gap returns to its 7d average, $10k−$55
spread now−0.341%7d average+0.005%fees + slippage, in and out−$20spread needed0.201%
Long on Lighter RHShort on Hibachi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,750.60.0096pay 0.0012% / 1h49m 42s$25.5M$115.9M50x
ShortHibachi ETH/USDT-P2,741.20.0208get 0.0026% / 1h49m 42s$289K$1.3M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$34.05
Funding while held
$3.36
Slippage, 4 orders
−$11.14
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$50.83
Spread needed to break even
0.201%
Slippage from Lighter RH: live order book, 6 min ago; Hibachi: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0112%
Per $10,000 a day
+$3.36
Average in range /8h
—

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, 6 min ago0.88 bp0.9 bp −$11.0 bp −$107.3 bp −$727doesn't fit
Sell Hibachi live order book, 1 min ago1.35 bp9.3 bp −$918.3 bp −$183doesn't fitdoesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
edgeX2,738cheapestApeX Omni2,739+0.035%Bulk2,739.4+0.050%Phoenix2,740.7+0.097%
Hibachi2,741.2+0.115%
Aftermath Perps2,742.9+0.178%Variational Omni2,745+0.255%Aevo2,745.3+0.266%Bullet2,746.4+0.305%StandX2,746.5+0.309%HTX2,746.8+0.318%SunX2,746.9+0.323%Injective2,747.3+0.338%Perpl2,747.4+0.343%Backpack2,747.5+0.346%Phemex2,747.6+0.349%BloFin2,747.7+0.353%Reya2,747.8+0.357%GMX2,747.8+0.358%Nado2,747.8+0.358%SoDEX2,747.9+0.360%Vest2,748+0.364%Gate2,748.1+0.366%Bluefin2,748.1+0.367%BingX2,748.1+0.368%Bitget2,748.3+0.374%Arcus2,748.3+0.376%gTrade (Gains Network)2,748.4+0.379%Extended2,748.5+0.381%dYdX2,748.5+0.382%Hotstuff2,748.8+0.393%Kraken Futures2,748.8+0.395%Katana Perps2,748.9+0.397%OKX2,749+0.399%Binance2,749+0.400%Ondo Perps2,749+0.400%MEXC2,749+0.401%Coinbase International2,749.1+0.402%KuCoin2,749.1+0.405%01 Exchange2,749.2+0.408%Polymarket Perps2,749.2+0.408%Aster2,749.4+0.414%Deribit2,749.4+0.415%Lighter2,749.4+0.415%Bybit2,749.4+0.416%Jupiter Perps2,749.5+0.417%Pacifica2,749.5+0.419%RISEx2,749.6+0.423%Kalshi2,749.8+0.430%Orderly2,750.1+0.439%
Lighter RH2,750.6+0.457%
Hyperliquid2,751.8+0.503%Paradex2,752.3+0.522%Derive2,752.9+0.544%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX ETHUSDC−0.455%+0.0100%4h$175.0M$731.2M100xas long as short
ApeX Omni ETHUSDT−0.420%−0.0154%1h$7.7M$28.2M100xas long as short
Bulk ETH-USD−0.405%+0.0100%1h$152.2M$277.4M25xas long as short
Phoenix ETH−0.358%+0.0050%1h$1.4M$2.4M25xas long as short
Hibachi ETH/USDT-Pshort−0.341%+0.0208%1h$289K$1.3M20x
Aftermath Perps ETHUSD−0.278%+0.0245%1h$29K$27K20xas long as short
Variational Omni ETH−0.201%+0.0100%8h$155.0M$302.2M—as long as short
Aevo ETH-PERP−0.190%+0.0096%1h$5.0M$754K20xas long as short
Bullet ETH-USD−0.151%+0.0011%1h$184K$1.9M20xas long as short
StandX ETH-USD−0.147%+0.0100%1h$21.0M$51.8M40xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETH-USDT−0.138%+0.0100%8h$1.09B$1.19B200xas long as short
SunX ETH-USDT−0.133%+0.0100%8h$947K$14.5M100xas long as short
Injective ETH/USDC PERP−0.118%+0.0067%1h$118K$22.5M52xas long as short
Perpl ETH−0.114%0.0000%43m$300K$5.7M8.3xas long as short
Backpack ETH_USDC_PERP−0.111%+0.0100%1h$15.0M$39.5M50xas long as short
Phemex ETHUSDT−0.107%+0.0030%8h$265.6M$66.7M150xas long as short
BloFin ETH-USDT−0.103%+0.0220%8h$297.3M$173.6M150xas long as short
Reya ETHRUSDPERP−0.099%+0.0154%1h$7.3M$962K25xas long as short
GMX ETH/USD [ETH-USDC]−0.099%L +0.0018% / S +0.0014%1h$11.9M—200xas long as short
Nado ETH-PERP−0.098%+0.0100%1h$17.8M$113.7M50xas long as short
SoDEX ETH-USD−0.096%+0.0052%1h$55.4M$161.5M40xas long as short
Vest ETH-PERP−0.093%+0.0100%1h—$1.2M50xas long as short
Gate ETH_USDT−0.090%−0.0037%8h$3.74B$8.48B200xas long as short
Bluefin ETH-PERP−0.089%+0.0100%1h$20K$24K25xas long as short
BingX ETH-USDC−0.089%+0.0100%8h—$16.0M—as long as short
Bitget ETHUSDT−0.083%+0.0075%8h$2.14B$3.07B150xas long as short
Arcus ETH-USD−0.081%+0.0100%1h$2.5M$15.1M25xas long as short
gTrade (Gains Network) ETH/USD−0.077%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Extended ETH-USD−0.076%+0.0104%1h$32.6M$74.7M50xas long as short
dYdX ETH-USD−0.075%+0.0126%1h$20.2M$28.5M50xas long as short
Hotstuff ETH-PERP−0.064%−0.0080%1h$5K$2K50xas long as short
Kraken Futures PF_ETHUSD−0.062%+0.0349%1h$85.8M$315.1M100xas long as short
Katana Perps ETH-USD−0.060%+0.0100%8h$492K$2.0M50xas long as short
OKX ETH-USDT-SWAP−0.058%+0.0017%8h$1.73B$11.02B100xas long as short
Binance ETHUSDT−0.056%+0.0100%8h$6.57B$15.21B150xas long as short
Ondo Perps ETH-USD.P−0.056%+0.0100%1h$3.1M$13.6M25xas long as short
MEXC ETH_USDT−0.056%+0.0100%8h$1.55B$2.41B500xas long as short
Coinbase International ETH-PERP-INTX−0.055%+0.0088%1h$60.8M$4.80B50xas long as short
KuCoin ETHUSDTM−0.052%+0.0100%8h$388.0M$676.6M100xas long as short
01 Exchange ETHUSD−0.049%+0.0048%1h$184K$1.1M50xas long as short
Polymarket Perps ETH-USD−0.049%+0.0100%1h$10.7M$5.2M50xas long as short
Aster ETHUSDT−0.043%+0.0100%8h$269.8M$840.4M200xas long as short
Deribit ETH-PERPETUAL−0.042%+0.0103%1h$260.5M$212.7M50xas long as short
Lighter ETH−0.041%+0.0096%1h$119.9M$488.0M50xas long as short
Bybit ETHUSDT−0.041%+0.0100%8h$2.50B$4.39B150xas long as short
Jupiter Perps ETH-PERP−0.039%L +0.0104% / S +0.0048%1h—$45.8M500xas long as short
Pacifica ETH−0.038%+0.0100%1h$31.3M$202.9M50xas long as short
RISEx ETH/USDC−0.034%+0.0171%1h$5.9M$13.5M25xas long as short
Kalshi KXETHPERP−0.027%0.0000%8h$5.9M$521.8M4.9xas long as short
Orderly PERP_ETH_USDC−0.017%+0.0213%8h$32.3M$10.9M100xas long as short
Lighter RH ETHlong0.000%+0.0096%1h$25.5M$115.9M50x
Hyperliquid ETH+0.045%+0.0153%1h$3.20B$2.12B25xas long as short
Paradex ETH-USD-PERP+0.065%+0.0100%8h$14.5M$11.3M50xas long as short
Derive ETH-PERP+0.086%+0.0508%1h$43.3M$26.1M15xas long as short