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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−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Vest−0.071%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)−0.129%−$13 · spread now −0.071%, 7d avg −0.002%
Together, before fees−0.118%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$12 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: Lighter is 0.069% cheaper against Vest than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,732.90.0100pay 0.0013% / 1h25m 58s—$844K50x
ShortLighter ETH2,730.90.0096get 0.0012% / 1h25m 58s$112.5M$433.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.071% → −0.002%
−$6.89
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Lighter: 0 bp × 2 orders
$0
Net
−$9.73
Costs to cover
0.020%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample—————
Sell Lighter live order book, 13 min ago0.27 bp0.4 bp $00.8 bp −$81.1 bp −$1084.3 bp −$2,128
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0335%43m2,731.8−0.041%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.5−0.014%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,729.2−0.134%$1.06B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.1−0.064%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,739+0.224%$821K$2.9M25xas long as short
dYdX ETH-USD+0.0004%1h2,732.8−0.003%$10.7M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.2−0.060%$28.0M—200xas long as short
Bullet ETH-USD+0.0026%1h2,730.7−0.079%$178K$1.7M20xas long as short
BingX ETH-USDT+0.0033%8h2,730.5−0.087%—$1.14B—as long as short
Bybit ETHUSDT+0.0039%8h2,730.1−0.102%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,732.6−0.010%$186K$816K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,730.2−0.097%$379.9M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0069%1h2,731.7−0.042%$259.5M$200.2M50xas long as short
SunX ETH-USDT+0.0070%8h2,731.1−0.065%$957K$11.2M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,730.3−0.096%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.6−0.084%$250.8M$841.0M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.179%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0085%8h2,731.2−0.060%$264.8M$65.1M150xas long as short
Aevo ETH-PERP+0.0088%1h2,729.4−0.126%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,730.3−0.093%$6.34B$15.92B150xas long as short
MEXC ETH_USDT+0.0091%8h2,730.5−0.087%$1.55B$2.57B500xas long as short
SoDEX ETH-USD+0.0094%1h2,730.6−0.083%$54.4M$187.7M40xas long as short
Lighter ETHshort+0.0096%1h2,730.9−0.071%$112.5M$433.2M50x
Lighter RH ETH+0.0096%1h2,732.3−0.020%$23.4M$104.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.3−0.021%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.008%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8−0.039%$506K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.8+0.035%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9−0.034%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.8−0.003%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.011%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.5−0.050%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6−0.008%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.130%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.6−0.085%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.4−0.091%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.6−0.084%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6−0.119%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.7+0.065%$184.0M$670.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.065%$159.1M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,735.1+0.082%$21.1M$69.3M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,732.9long leg—$844K50x
Polymarket Perps ETH-USD+0.0100%1h2,733.1+0.008%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.4−0.053%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6−0.008%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.7−0.117%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,732.5−0.015%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,735.2+0.085%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0119%8h2,732.2−0.025%$6.5M$684.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,731.2−0.062%$50.9M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,731.2−0.062%$83.2M$315.1M100xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,733.1+0.009%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0210%1h2,730.8−0.075%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,733.4+0.018%$244K$1.4M20xas long as short
BloFin ETH-USDT+0.0365%8h2,732−0.032%$282.9M$174.9M150xas long as short