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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 05:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter RH against SoDEX+0.074%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Long on SoDEXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.074%, 7d avg +0.066%
Together, before fees+0.054%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,739.40.0099pay 0.0012% / 1h47m 42s$54.5M$187.7M40x
ShortLighter RH ETH2,741.40.0096get 0.0012% / 1h47m 42s$23.5M$103.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against SoDEX. 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
−$0.7
Price spread: +0.074% → +0.066%
$0.85
Slippage, 4 orders
−$3.03
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$10.89
Costs to cover
0.110%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; Lighter RH: live order book, 6 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 SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.3 bp −$435.8 bp −$58429.2 bp −$14.6K
Sell Lighter RH live order book, 6 min ago1.15 bp1.3 bp −$13.0 bp −$3010.0 bp −$1,00059.1 bp −$29.5K

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%43m2,739.7+0.010%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.9+0.018%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.6+0.009%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,740.2+0.029%$819K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,740+0.024%$10.8M$42.0M50xas long as short
Kalshi KXETHPERP0.0000%8h2,739.7+0.011%$6.6M$681.8M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.8+0.015%$28.1M—200xas long as short
HTX ETH-USDT+0.0016%8h2,739−0.016%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0032%1h2,739.2−0.008%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0039%8h2,739−0.015%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,739.5+0.004%$2.37B$4.37B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,740.2+0.029%$187K$816K50xas long as short
KuCoin ETHUSDTM+0.0069%8h2,739.7+0.012%$380.3M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,739.6+0.009%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0076%8h2,739.3−0.003%$265.7M$65.3M150xas long as short
Aster ETHUSDT+0.0088%8h2,739.5+0.004%$251.3M$842.9M200xas long as short
Lighter ETH+0.0096%1h2,740.3+0.031%$113.2M$431.0M50xas long as short
Lighter RH ETHshort+0.0096%1h2,741.4+0.074%$23.5M$103.8M50x
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.6−0.066%—$31.0M500xas long as short
MEXC ETH_USDT+0.0096%8h2,739.7+0.010%$1.56B$2.54B500xas long as short
Aevo ETH-PERP+0.0096%1h2,737.1−0.085%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.1−0.084%$117K$22.5M52xas long as short
Binance ETHUSDT+0.0096%8h2,739.7+0.011%$6.36B$15.90B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,744.3+0.179%$15.7M$8.0M50xas long as short
SoDEX ETH-USDlong+0.0099%1h2,739.4long leg$54.5M$187.7M40x
Katana Perps ETH-USD+0.0100%8h2,739.5+0.004%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.6+0.008%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,742+0.093%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.8+0.051%$31.9M$334.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.5+0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740+0.021%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.010%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,739.6+0.005%$3.34B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.4+0.001%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.1−0.012%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.033%$133.8M$322.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.033%$184.2M$670.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6+0.045%$159.4M$86.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,739.5+0.002%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,738−0.051%$21.1M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.4+0.037%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.8+0.088%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,740.3+0.031%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,741.5+0.077%$41.4M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.4−0.037%$959K$11.3M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,740.6+0.045%$259.5M$199.9M50xas long as short
Extended ETH-USD+0.0104%1h2,738.6−0.029%$30.6M$72.9M50xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,739.1−0.012%$30K$20K20xas long as short
RISEx ETH/USDC+0.0107%1h2,740.1+0.024%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,740.5+0.038%$51.1M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,740+0.022%$83.6M$315.0M100xas long as short
Orderly PERP_ETH_USDC+0.0201%8h2,741.7+0.084%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0214%1h2,739.6+0.006%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,738.5−0.032%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0393%8h2,737.3−0.077%$282.4M$175.7M150xas long as short