Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.048%
Price spread now: Lighter against BloFin−0.003%7-day average +0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$790.791% of the position
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.003%, 7d avg +0.159%
=Together, before fees−0.190%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.162% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.159%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETHFI-USDT | 0.6900 | 0.0209 | pay 0.0104% / 4h | 2h 28m | $1.2M | $236K | 75x |
| Short | Lighter ETHFI | 0.6900 | 0.0096 | get 0.0012% / 1h | 28m 37s | $1.1M | $831K | 5x |
BloFin ETHFI-USDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$23.69
- Price spread: −0.003% → +0.159%
- −$16.17
- Slippage, 4 orders
- −$67.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$118.93
- Costs to cover
- 0.791%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 2 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 BloFin live order book, 4 min ago | 2.17 bp | 11.0 bp −$11 | 21.6 bp −$216 | 86.9 bp −$8,693 | doesn't fit |
| Sell Lighter live order book, 2 min ago | 10.70 bp | 44.4 bp −$44 | 118.4 bp −$1,184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETHFIUSD | −0.0414% | 1h | 0.6919 | +0.276% | $281K | $280K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0409% | 4h | 0.6897 | −0.043% | $80K | $183K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0329% | 1h | 0.6903 | +0.043% | $39K | $10K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0304% | 4h | 0.6893 | −0.101% | $17.1M | $12.9M | 25x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0265% | 4h | 0.6899 | −0.014% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0146% | 4h | 0.6900 | +0.006% | $901K | $762K | — | as long as short |
| Binance ETHFIUSDT | −0.0032% | 4h | 0.6890 | −0.142% | $23.9M | $35.6M | 75x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.6890 | −0.142% | $94K | $502K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0030% | 4h | 0.6893 | −0.101% | $15.6M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0015% | 8h | 0.6893 | −0.102% | $6K | — | 5x | as long as short |
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ETHFIUSDT | +0.0022% | 4h | 0.6908 | +0.114% | $177K | $260K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.928% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6900 | 0.000% | $8K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.6900 | −0.003% | $1.1M | $831K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6897 | −0.043% | $16.7M | $8.4M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6898 | −0.029% | $5.0M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6897 | −0.043% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6893 | −0.101% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6890 | −0.145% | $6.0M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6892 | −0.116% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6908 | +0.122% | $62K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6916 | +0.232% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTlong | +0.0209% | 4h | 0.6900 | long leg | $1.2M | $236K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +2.232% | $31K | $5K | 50x | as long as short |
Aster ETHFIUSDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX