data as of
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Price arb /

ETHFI

all ETHFI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$125
spread now+0.023%7d average+0.074%fees + slippage, in and out−$119spread needed1.194%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETHFIUSD0.7335−0.0287get 0.0036% / 1h48m 18s$282K$191K20x
ShortLighter ETHFI0.73360.0208get 0.0026% / 1h48m 18s$1.3M$557K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.28
Funding while held
$14.85
Slippage, 4 orders
−$109.43
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$102.31
Spread needed to break even
1.194%
Slippage from Kraken Futures: live order book, 61 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0495%
Per $10,000 a day
+$14.85
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 61 min ago35.00 bp48.7 bp −$49182.9 bp −$1,829doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago5.32 bp9.5 bp −$970.6 bp −$706doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.7281cheapestVariational Omni0.7307+0.359%Paradex0.7317+0.496%Bitget0.7318+0.508%BloFin0.7319+0.522%MEXC0.7320+0.536%KuCoin0.7320+0.536%Aevo0.7320+0.536%Binance0.7321+0.548%Orderly0.7321+0.549%Gate0.7322+0.563%Aster0.7322+0.566%Extended0.7322+0.568%Deribit0.7323+0.577%BingX0.7324+0.591%Bybit0.7325+0.604%OKX0.7325+0.604%SunX0.7328+0.646%Coinbase International0.7330+0.673%Polymarket Perps0.7331+0.683%
Kraken Futures0.7335+0.737%
Lighter0.7336+0.760%
Hyperliquid0.7339+0.801%Injective0.7441+2.198%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETHFI-USDT−0.731%−0.0535%4h$84K$160K20xas long as short
Variational Omni ETHFI−0.375%+0.0100%4h$1.1M$847K—as long as short
Paradex ETHFI-USD-PERP−0.239%−0.0007%8h$6K—5xas long as short
Bitget ETHFIUSDT−0.227%+0.0100%4h$6.3M$5.7M75xas long as short
BloFin ETHFI-USDT−0.213%+0.0340%4h$1.4M$277K75xas long as short
MEXC ETHFI_USDT−0.199%+0.0100%4h$15.7M$4.0M125xas long as short
KuCoin ETHFIUSDTM−0.199%+0.0100%4h$1.2M$276K50xas long as short
Aevo ETHFI-PERP−0.199%+0.0104%1h$9K—3xas long as short
Binance ETHFIUSDT−0.187%+0.0100%4h$26.0M$36.8M75xas long as short
Orderly PERP_ETHFI_USDC−0.186%−0.0103%4h$17K$1K10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate ETHFI_USDT−0.172%+0.0100%4h$1.8M$1.9M75xas long as short
Aster ETHFIUSDT−0.169%+0.0100%4h$187K$251K10xas long as short
Extended ETHFI-USD−0.167%+0.0104%1h$109K$490K10xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.159%−0.0296%1h$46K$17K10xas long as short
BingX ETHFI-USDC−0.145%+0.0100%4h—$1.2M—as long as short
Bybit ETHFIUSDT−0.131%+0.0100%4h$19.1M$13.2M25xas long as short
OKX ETHFI-USDT-SWAP−0.131%−0.0072%4h$5.0M$12.4M20xas long as short
SunX ETHFI-USDT−0.090%+0.0100%4h$2K$1.0M20xas long as short
Coinbase International ETHFI-PERP-INTX−0.063%+0.0288%1h$33K$56K50xas long as short
Polymarket Perps ETHFI-USD−0.054%+0.0100%1h$48K$52K5xas long as short
Kraken Futures PF_ETHFIUSDlong0.000%−0.0287%1h$282K$191K20x
Lighter ETHFIshort+0.023%+0.0208%1h$1.3M$557K5x
Hyperliquid ETHFI+0.064%+0.0689%1h$20.4M$7.3M5xas long as short
Injective ETHFI/USDC PERP+1.450%+0.0033%1h$330$56K5.5xas long as short