ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.033%

Price spread now: Injective against Lighter RH+0.031%67s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.626% of the position

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.031%, 7d avg +0.016%

Together, before fees−0.097%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ETH	2,720.4	0.0096	pay 0.0012% / 1h	33m 52s	$23.3M	$103.1M	50x
Short	Injective ETH/USDC PERP	2,721.2	0.0009	get 0.0001% / 1h	33m 52s	$117K	$22.5M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$18.35
Price spread: +0.031% → +0.016%: $1.51
Slippage, 4 orders: −$62.53
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$79.39
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Injective: live order book, 5 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	0.83 bp	0.8 bp −$1	2.0 bp −$20	8.1 bp −$812	64.3 bp −$32.2K
Sell Injective live order book, 5 min ago	14.86 bp	45.6 bp −$46	47.0 bp −$470	47.1 bp −$4,715	doesn't fit

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
Perpl ETH	−0.0447%	43m	2,720.4	+0.002%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,721	+0.024%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,718	−0.087%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,718.8	−0.059%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,721.6	+0.046%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,719.1	−0.047%	$27.9M	—	200x	as long as short
Injective ETH/USDC PERPshort	+0.0009%	1h	2,721.2	+0.031%	$117K	$22.5M	52x
dYdX ETH-USD	+0.0012%	1h	2,722.1	+0.063%	$10.8M	$41.9M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0015%	1h	2,719.5	−0.033%	$258.7M	$206.0M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,721.1	+0.027%	$186K	$787K	50x	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	+0.0033%	8h	2,717	−0.124%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,716.9	−0.129%	$2.34B	$4.42B	150x	as long as short
Aftermath Perps ETHUSD	+0.0066%	1h	2,723.4	+0.112%	$30K	$20K	20x	as long as short
Bullet ETH-USD	+0.0069%	1h	2,718.3	−0.074%	$179K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0070%	8h	2,717.5	−0.104%	$953K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0075%	8h	2,718	−0.086%	$374.2M	$578.4M	100x	as long as short
Aster ETHUSDT	+0.0086%	8h	2,718.5	−0.069%	$251.6M	$845.0M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,716	−0.159%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0090%	8h	2,717.1	−0.122%	$1.65B	$10.78B	100x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,718	−0.086%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0091%	8h	2,717.6	−0.103%	$6.29B	$16.09B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,718.7	−0.062%	$111.2M	$432.5M	50x	as long as short
Lighter RH ETHlong	+0.0096%	1h	2,720.4	long leg	$23.3M	$103.1M	50x
Phemex ETHUSDT	+0.0097%	8h	2,718.7	−0.063%	$262.8M	$64.3M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,720.6	+0.009%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,722.8	+0.091%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,720	−0.013%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,719.5	−0.032%	$3.08B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,721.5	+0.040%	$31.9M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,720	−0.013%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,721	+0.024%	$1.5M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,723.8	+0.127%	$163.8M	$329.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,717.9	−0.089%	$3.29B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,717.1	−0.118%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,717.9	−0.090%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.2	+0.106%	$133.0M	$326.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,721.7	+0.049%	$184.3M	$675.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.6	+0.119%	$158.5M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,723.1	+0.101%	$8.6M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.7	+0.160%	$21.0M	$71.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,721.9	+0.056%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,721.1	+0.027%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,719	−0.049%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,719.6	−0.026%	$40.8M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,718.3	−0.076%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.4	−0.110%	$30.5M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,720.7	+0.013%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,719.4	−0.035%	$49.8M	$4.27B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,721.1	+0.028%	$5.6M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,721.4	+0.038%	$6.4M	$692.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,718.9	−0.053%	$82.7M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,720.6	+0.009%	$32.0M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,718.4	−0.071%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,724.8	+0.162%	$282.9M	$174.7M	150x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,726.2	+0.216%	$249K	$1.4M	20x	as long as short