Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%
Price spread now: Lighter against BingX+0.053%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now +0.053%, 7d avg +0.117%
=Together, before fees+0.244%+ Points / potential airdropLighter: Season 3 · farm board+$24 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 0.064% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7034 | 0.0100 | pay 0.0050% / 4h | 3h 50m | — | $1.2M | — |
| Short | Lighter ETHFI | 0.7038 | 0.0096 | get 0.0012% / 1h | 50m 10s | $1.1M | $841K | 5x |
BingX ETHFI-USDC
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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: +0.053% → +0.117%
- −$6.43
- Slippage, 4 orders
- −$79.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$96.54
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Lighter: live order book, 6 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 BingX live order book, 5 min ago | 2.12 bp | 24.8 bp −$25 | 90.9 bp −$909 | 539.2 bp −$53.9K | 698.8 bp −$349.4K |
| Sell Lighter live order book, 6 min ago | 8.29 bp | 16.7 bp −$17 | 91.2 bp −$912 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0949% | 4h | 0.7014 | −0.284% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0603% | 1h | 0.7028 | −0.085% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7035 | +0.015% | $263K | $209K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0238% | 4h | 0.7029 | −0.071% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0005% | 8h | 0.7031 | −0.039% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.929% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0077% | 4h | 0.7045 | +0.153% | $983K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7023 | −0.160% | $95K | $379K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0088% | 4h | 0.7027 | −0.100% | $15.9M | $4.0M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7027 | −0.100% | $24.4M | $35.1M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIshort | +0.0096% | 1h | 0.7038 | +0.053% | $1.1M | $841K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7033 | −0.011% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7033 | −0.014% | $180K | $227K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7033 | −0.014% | $17.6M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7038 | +0.057% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7036 | +0.028% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7038 | +0.057% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7030 | −0.057% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7034 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7044 | +0.142% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7032 | −0.028% | $1K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7026 | −0.116% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7041 | +0.100% | $1.2M | $244K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7075 | +0.583% | $31K | $6K | 50x | as long as short |
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX