Spread before costs (cost unknown: a leg has no order-book sample)−2.700%
7d average—if it closes, per $10,000$270funding while held, a day+$1.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ETHFI/USDC PERP | 0.7441 | 0.0033 | pay 0.0004% / 1h | 31m 26s | $330 | $56K | 5.5x |
| Short | Lighter ETHFI | 0.7240 | 0.0096 | get 0.0012% / 1h | 31m 26s | $1.2M | $678K | 5x |
Injective ETHFI/USDC PERP
Lighter ETHFIPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$269.99
- Funding while held
- $1.88
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$268.13
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0063%
- Per $10,000 a day
- +$1.88
- Average in range /8h
- —
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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 5.11 bp | 41.8 bp −$42 | 95.5 bp −$955 | doesn't fit | doesn't fit |
Injective: 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.
ETHFI price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.7219cheapestHTX0.7225+0.083%Binance0.7228+0.122%Extended0.7228+0.122%Aevo0.7229+0.132%Variational Omni0.7229+0.135%BingX0.7229+0.139%Bybit0.7230+0.152%OKX0.7231+0.166%Bitget0.7231+0.166%Gate0.7232+0.180%Polymarket Perps0.7232+0.181%Paradex0.7232+0.186%Orderly0.7233+0.194%MEXC0.7234+0.208%KuCoin0.7236+0.235%Aster0.7237+0.249%Deribit0.7238+0.263%SunX0.7239+0.277%Coinbase International0.7240+0.291%
BloFin
HTX
Binance
Extended
Aevo
Variational Omni
BingX
Bybit
OKX
Bitget
Gate
Polymarket Perps
Paradex
Orderly
MEXC
KuCoin
Aster
Deribit
SunX
Coinbase InternationalLighter0.7240+0.292%
Kraken Futures0.7240+0.294%Hyperliquid0.7253+0.472%
Kraken Futures
HyperliquidInjective0.7441+3.075%
ETHFI on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDT | −2.983% | +0.0340% | 4h | $1.3M | $293K | 75x | as long as short |
| HTX ETHFI-USDT | −2.903% | −0.0086% | 4h | $84K | $153K | 20x | as long as short |
| Binance ETHFIUSDT | −2.866% | +0.0100% | 4h | $25.4M | $35.2M | 75x | as long as short |
| Extended ETHFI-USD | −2.866% | +0.0104% | 1h | $96K | $484K | 10x | as long as short |
| Aevo ETHFI-PERP | −2.856% | +0.0104% | 1h | $9K | — | 3x | as long as short |
| Variational Omni ETHFI | −2.852% | −0.0089% | 4h | $1.1M | $777K | — | as long as short |
| BingX ETHFI-USDT | −2.849% | +0.0100% | 4h | — | $25.9M | — | as long as short |
| Bybit ETHFIUSDT | −2.836% | −0.0112% | 4h | $18.7M | $12.5M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | −2.822% | +0.0100% | 4h | $4.9M | $12.1M | 20x | as long as short |
| Bitget ETHFIUSDT | −2.822% | −0.0016% | 4h | $6.2M | $5.5M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ETHFI_USDT | −2.809% | +0.0100% | 4h | $1.7M | $2.0M | 75x | as long as short |
| Polymarket Perps ETHFI-USD | −2.807% | +0.0100% | 1h | $49K | $55K | 5x | as long as short |
| Paradex ETHFI-USD-PERP | −2.803% | −0.0055% | 8h | $6K | — | 5x | as long as short |
| Orderly PERP_ETHFI_USDC | −2.795% | −0.0137% | 4h | $17K | $1K | 10x | as long as short |
| MEXC ETHFI_USDT | −2.782% | +0.0100% | 4h | $15.2M | $3.7M | 125x | as long as short |
| KuCoin ETHFIUSDTM | −2.755% | +0.0100% | 4h | $1.2M | $263K | 50x | as long as short |
| Aster ETHFIUSDT | −2.742% | +0.0100% | 4h | $183K | $239K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −2.728% | 0.0000% | 1h | $44K | $18K | 10x | as long as short |
| SunX ETHFI-USDT | −2.715% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | −2.701% | +0.0464% | 1h | $32K | $9K | 50x | as long as short |
| Lighter ETHFIshort | −2.700% | +0.0096% | 1h | $1.2M | $678K | 5x | |
| Kraken Futures PF_ETHFIUSD | −2.699% | −0.0346% | 1h | $281K | $172K | 20x | as long as short |
| Hyperliquid ETHFI | −2.525% | +0.0100% | 1h | $19.8M | $7.3M | 5x | as long as short |
| Injective ETHFI/USDC PERPlong | 0.000% | +0.0033% | 1h | $330 | $56K | 5.5x |