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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against Lighter RH−0.057%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Long on Lighter RHShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.059%+$6 · spread now −0.057%, 7d avg −0.014%
Together, before fees+0.069%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.043% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ETH2,744.80.0096pay 0.0012% / 1h57m 38s$24.7M$103.0M50x
ShortPolymarket Perps ETH-USD2,743.20.0100get 0.0013% / 1h57m 38s$10.7M$8.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$0.84
Price spread: −0.057% → −0.014%
−$4.32
Slippage, 4 orders
−$2.72
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$14.2
Costs to cover
0.107%
Break-even
125.3 days
Slippage from Lighter RH: live order book, 6 min ago; Polymarket Perps: live order book, 2 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, 6 min ago0.94 bp1.1 bp −$12.2 bp −$229.1 bp −$91367.6 bp −$33.8K
Sell Polymarket Perps live order book, 2 min ago0.18 bp4.2 bp −$44.3 bp −$4312.9 bp −$1,288doesn't fit

ETH on 54 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−0.0112%43m2,746.7+0.071%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.111%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,747.5+0.100%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.4+0.024%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.133%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1−0.025%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.5+0.026%$22.2M—200xas long as short
BingX ETH-USDC+0.0042%8h2,742−0.102%—$18.4M—as long as short
01 Exchange ETHUSD+0.0048%1h2,743.4−0.050%$183K$981K50xas long as short
OKX ETH-USDT-SWAP+0.0054%8h2,742.7−0.076%$1.70B$10.58B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0065%8h2,742.7−0.074%$368.6M$598.7M100xas long as short
Aster ETHUSDT+0.0073%8h2,743.2−0.058%$252.3M$841.3M200xas long as short
RISEx ETH/USDC+0.0077%1h2,743.3−0.052%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,743−0.063%$4.9M$159K20xas long as short
Bullet ETH-USD+0.0081%1h2,744.9+0.006%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0083%1h2,745.2+0.016%$54.7M$187.5M40xas long as short
MEXC ETH_USDT+0.0083%8h2,742.6−0.079%$1.57B$2.50B500xas long as short
Binance ETHUSDT+0.0083%8h2,742.6−0.080%$6.38B$15.74B150xas long as short
HTX ETH-USDT+0.0086%8h2,745+0.009%$1.06B$1.18B200xas long as short
Deribit ETH-PERPETUAL+0.0089%1h2,746.5+0.062%$258.9M$195.7M50xas long as short
Lighter ETH+0.0096%1h2,743.5−0.047%$112.8M$430.1M50xas long as short
Lighter RH ETHlong+0.0096%1h2,744.8long leg$24.7M$103.0M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.3+0.094%—$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.056%$58.6M$4.28B50xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,747.1+0.086%$8.7M$31.1M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.063%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.8−0.071%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.7−0.040%$13.9M$106.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.3+0.020%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5−0.048%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.6−0.078%$2.46B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.6−0.079%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.4−0.048%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.9−0.068%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.8−0.071%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.8−0.035%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.067%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.8+0.076%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.3+0.093%$159.7M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747+0.082%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.2−0.021%—$819K50xas long as short
Polymarket Perps ETH-USDshort+0.0100%1h2,743.2−0.057%$10.7M$8.5M50x
Bluefin ETH-PERP+0.0100%1h2,745.7+0.033%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.087%$41.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.7−0.004%$963K$11.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,745.3+0.019%$267.2M$65.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.054%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,742−0.102%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,747.3+0.092%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,746.6+0.067%$7.9M$670.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0183%8h2,747.9+0.114%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.045%$88.1M$309.5M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,742.5−0.084%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,748.3+0.131%$250K$1.4M20xas long as short