Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.015%
Price spread now: Binance against Lighter−0.039%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now −0.039%, 7d avg −0.154%
=Together, before fees−0.225%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.114% dearer against Lighter than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.154%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7141 | 0.0096 | pay 0.0012% / 1h | 25m 53s | $1.1M | $898K | 5x |
| Short | Binance ETHFIUSDT | 0.7138 | 0.0037 | get 0.0019% / 4h | 1h 25m | $24.8M | $37.2M | 75x |
Lighter ETHFI
Binance ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$12.36
- Price spread: −0.039% → −0.154%
- $11.44
- Slippage, 4 orders
- −$82.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$93.34
- Costs to cover
- 0.924%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Binance: live order book, 16 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 Lighter live order book, 5 min ago | 9.24 bp | 27.9 bp −$28 | 102.7 bp −$1,027 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.70 bp | 12.7 bp −$13 | 31.1 bp −$311 | 124.1 bp −$12.4K | 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 | −0.0590% | 1h | 0.7137 | −0.053% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7150 | +0.124% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0217% | 4h | 0.7141 | +0.003% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0183% | 4h | 0.7137 | −0.053% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.7132 | −0.119% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.389% | $321 | $51K | 5.5x | as long as short |
| Binance ETHFIUSDTshort | +0.0037% | 4h | 0.7138 | −0.039% | $24.8M | $37.2M | 75x | |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7133 | −0.114% | $92K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0042% | 4h | 0.7137 | −0.053% | $15.1M | $3.8M | 125x | as long as short |
| Bitget ETHFIUSDT | +0.0082% | 4h | 0.7137 | −0.053% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7131 | −0.134% | $9K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7141 | long leg | $1.1M | $898K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7150 | +0.127% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7144 | +0.051% | $182K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7142 | +0.017% | $18.1M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7143 | +0.031% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7143 | +0.031% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | −0.025% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7140 | −0.011% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7141 | +0.004% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7139 | −0.031% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7136 | −0.067% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0169% | 4h | 0.7138 | −0.039% | $1.3M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7168 | +0.381% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX