Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Extended+0.295%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.295%, 7d avg +0.215%
=Together, before fees+0.081%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.080% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.215%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETHFI-USD | 0.7166 | 0.0032 | pay 0.0004% / 1h | 35m 26s | $99K | $581K | 10x |
| Short | Lighter ETHFI | 0.7187 | 0.0096 | get 0.0012% / 1h | 35m 26s | $1.1M | $894K | 5x |
Extended ETHFI-USD
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $13.44
- Price spread: +0.295% → +0.215%
- $8.01
- Slippage, 4 orders
- −$70.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$53.69
- Costs to cover
- 0.751%
- Break-even
- 35.0 days
Slippage from Extended: live order book, 37 min ago; Lighter: live order book, just now.
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 Extended live order book, 37 min ago | 2.10 bp | 17.0 bp −$17 | 131.6 bp −$1,316 | doesn't fit | doesn't fit |
| Sell Lighter live order book, just now | 7.65 bp | 26.8 bp −$27 | 86.9 bp −$869 | 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 | −0.0891% | 4h | 0.7169 | +0.038% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0447% | 1h | 0.7173 | +0.094% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0199% | 4h | 0.7169 | +0.038% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0055% | 4h | 0.7179 | +0.183% | $1.0M | $734K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0038% | 8h | 0.7177 | +0.148% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDT | −0.0018% | 4h | 0.7172 | +0.080% | $18.1M | $13.0M | 25x | as long as short |
| MEXC ETHFI_USDT | +0.0030% | 4h | 0.7172 | +0.080% | $15.3M | $3.8M | 125x | as long as short |
| Extended ETHFI-USDlong | +0.0032% | 1h | 0.7166 | long leg | $99K | $581K | 10x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.029% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDT | +0.0035% | 4h | 0.7168 | +0.019% | $25.0M | $37.0M | 75x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Bybit ETHFIUSDT
MEXC ETHFI_USDT
Injective ETHFI/USDC PERP
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7165 | −0.018% | $9K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7187 | +0.295% | $1.1M | $894K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7186 | +0.270% | $18.0M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7178 | +0.165% | $183K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7176 | +0.136% | $5.0M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7174 | +0.108% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7185 | +0.261% | $1.2M | $268K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7168 | +0.024% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7174 | +0.108% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7176 | +0.141% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7177 | +0.150% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0126% | 4h | 0.7185 | +0.261% | $1.3M | $275K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.987% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7181 | +0.200% | $273K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD