Funding you earn now, next payment 03:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.053%
Price spread now: Lighter against HTX+0.376%7-day average +0.270% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.376%, 7d avg +0.270%
=Together, before fees+0.253%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.106% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.270%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ETHFI-USDT | 0.7101 | −0.0085 | get 0.0043% / 4h | 1h 11m | $87K | $168K | 20x |
| Short | Lighter ETHFI | 0.7128 | 0.0096 | get 0.0012% / 1h | 11m 01s | $1.1M | $888K | 5x |
HTX ETHFI-USDT
Lighter ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $38.02
- Price spread: +0.376% → +0.270%
- $10.64
- Slippage, 4 orders
- −$118.14
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.48
- Costs to cover
- 1.301%
- Break-even
- 22.0 days
Slippage from HTX: live order book, 50 min ago; Lighter: live order book, 5 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 HTX live order book, 50 min ago | 14.00 bp | 20.4 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 7.85 bp | 31.3 bp −$31 | 90.3 bp −$903 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0592% | 1h | 0.7120 | +0.268% | $40K | $12K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0207% | 4h | 0.7117 | +0.225% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDTlong | −0.0085% | 4h | 0.7101 | long leg | $87K | $168K | 20x | |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.957% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0078% | 8h | 0.7107 | +0.090% | $6K | — | 5x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7128 | +0.376% | $1.1M | $888K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7128 | +0.386% | $17.8M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7119 | +0.253% | $182K | $256K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7126 | +0.356% | $24.8M | $35.6M | 75x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7129 | +0.394% | $17.8M | $12.6M | 25x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDT
Bybit ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7132 | +0.437% | $5.1M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7122 | +0.296% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7118 | +0.239% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7116 | +0.211% | $1.2M | $252K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7119 | +0.253% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7123 | +0.310% | — | $26.0M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7112 | +0.157% | $1.0M | $716K | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7121 | +0.282% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7114 | +0.185% | $97K | $379K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7120 | +0.268% | $8K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0307% | 1h | 0.7120 | +0.272% | $264K | $213K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7117 | +0.225% | $1.3M | $249K | 75x | as long as short |
| Polymarket Perps ETHFI-USD | +0.0429% | 1h | 0.7135 | +0.476% | $71K | $118K | 5x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7169 | +0.958% | $31K | $6K | 50x | as long as short |
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT
Polymarket Perps ETHFI-USD
Coinbase International ETHFI-PERP-INTX