Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX+0.051%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$120.123% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.051%, 7d avg +0.048%
=Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ETH-USDT | 2,738.6 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $959K | $11.3M | 100x |
| Short | Lighter ETH | 2,740 | 0.0096 | get 0.0012% / 1h | 51m 35s | $113.1M | $430.6M | 50x |
SunX ETH-USDT
Lighter ETHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.051% → +0.048%
- $0.28
- Slippage, 4 orders
- −$4.3
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.86
- Costs to cover
- 0.123%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 8 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 SunX live order book, 8 min ago | 0.68 bp | 6.6 bp −$7 | 6.6 bp −$66 | 9.6 bp −$958 | 13.1 bp −$6,562 |
| Sell Lighter live order book, 8 min ago | 0.42 bp | 0.5 bp −$1 | 0.9 bp −$9 | 1.4 bp −$136 | 4.2 bp −$2,109 |
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 | 2,740.4 | +0.068% | $298K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,739.3 | +0.027% | $5K | $1K | 50x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,740.1 | +0.058% | $12.0M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,740.2 | +0.060% | $826K | $2.9M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,740.4 | +0.067% | $10.8M | $42.0M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,740.5 | +0.071% | $6.7M | $681.3M | 4.9x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0007% | 1h | 2,740.2 | +0.061% | $28.1M | — | 200x | as long as short |
| HTX ETH-USDT | +0.0020% | 8h | 2,738.8 | +0.010% | $1.06B | $1.20B | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0024% | 1h | 2,740.7 | +0.079% | $259.5M | $199.8M | 50x | as long as short |
| Bullet ETH-USD | +0.0039% | 1h | 2,739.7 | +0.041% | $180K | $1.7M | 20x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
GMX ETH/USD [ETH-USDC]
Phoenix ETH
dYdX ETH-USD
Kalshi KXETHPERP
gTrade (Gains Network) ETH/USD
HTX ETH-USDT
Deribit ETH-PERPETUAL
Bullet ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ETH-USDC | +0.0042% | 8h | 2,738.5 | −0.004% | — | $18.4M | — | as long as short |
| Bybit ETHUSDT | +0.0046% | 8h | 2,738.6 | +0.002% | $2.37B | $4.37B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,739.5 | +0.034% | $187K | $817K | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0069% | 8h | 2,738.8 | +0.008% | $380.1M | $574.4M | 100x | as long as short |
| OKX ETH-USDT-SWAP | +0.0075% | 8h | 2,738.8 | +0.009% | $1.67B | $10.75B | 100x | as long as short |
| Phemex ETHUSDT | +0.0079% | 8h | 2,739.3 | +0.028% | $265.8M | $65.3M | 150x | as long as short |
| Aster ETHUSDT | +0.0091% | 8h | 2,739.3 | +0.026% | $251.2M | $842.9M | 200x | as long as short |
| Lighter ETHshort | +0.0096% | 1h | 2,740 | +0.051% | $113.1M | $430.6M | 50x | |
| Lighter RH ETH | +0.0096% | 1h | 2,740.8 | +0.082% | $23.5M | $103.7M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,741.2 | +0.096% | — | $31.0M | 500x | as long as short |
| Aevo ETH-PERP | +0.0096% | 1h | 2,736.9 | −0.062% | $4.9M | $155K | 20x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,738.7 | +0.005% | $118K | $22.5M | 52x | as long as short |
| MEXC ETH_USDT | +0.0098% | 8h | 2,738.9 | +0.014% | $1.56B | $2.54B | 500x | as long as short |
| Binance ETHUSDT | +0.0099% | 8h | 2,738.9 | +0.012% | $6.36B | $15.89B | 150x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,743.8 | +0.190% | $15.7M | $8.0M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,738.8 | +0.009% | $504K | $3.3M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,738.8 | +0.009% | $13.7M | $104.5M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,741.7 | +0.115% | $3.11B | $2.04B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,739.9 | +0.048% | $31.9M | $334.0M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,739.3 | +0.027% | $2.7M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,739.3 | +0.028% | $1.5M | $15.9M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,739.7 | +0.040% | $171.0M | $325.1M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,738.9 | +0.012% | $3.34B | $8.84B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,738.7 | +0.004% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,739.4 | +0.029% | $15.2M | $40.7M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,738.5 | −0.003% | $134.0M | $323.1M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,738.5 | −0.002% | $184.2M | $670.5M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,740.6 | +0.076% | $159.4M | $86.8M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,739.5 | +0.032% | $8.7M | $31.3M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,740 | +0.053% | $21.1M | $68.6M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,740.1 | +0.056% | — | $844K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,741.4 | +0.104% | $11.2M | $9.3M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,740.1 | +0.057% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,741.4 | +0.102% | $41.4M | $29.9M | 15x | as long as short |
| SunX ETH-USDTlong | +0.0100% | 8h | 2,738.6 | long leg | $959K | $11.3M | 100x | |
| SoDEX ETH-USD | +0.0100% | 1h | 2,739.5 | +0.034% | $54.6M | $187.7M | 40x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,737.8 | −0.027% | $30.6M | $72.9M | 50x | as long as short |
| Aftermath Perps ETHUSD | +0.0106% | 1h | 2,739.1 | +0.019% | $30K | $20K | 20x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,739.5 | +0.034% | $5.7M | $11.7M | 25x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,740.5 | +0.069% | $51.3M | $4.28B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,740.1 | +0.058% | $83.8M | $315.6M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0200% | 8h | 2,741.7 | +0.116% | $32.3M | $11.7M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0214% | 1h | 2,739.3 | +0.026% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0280% | 1h | 2,741.3 | +0.099% | $248K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0392% | 8h | 2,740.8 | +0.082% | $283.3M | $176.0M | 150x | as long as short |
BingX ETH-USDC
Bybit ETHUSDT
01 Exchange ETHUSD
KuCoin ETHUSDTM
OKX ETH-USDT-SWAP
Phemex ETHUSDT
Aster ETHUSDT
Lighter RH ETH
Jupiter Perps ETH-PERP
Aevo ETH-PERP
Injective ETH/USDC PERP
MEXC ETH_USDT
Binance ETHUSDT
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SoDEX ETH-USD
Extended ETH-USD
Aftermath Perps ETHUSD
RISEx ETH/USDC
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT