Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%
Price spread now: BingX against Lighter−0.132%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.132% cheaper against Lighter than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.6995 | 0.0096 | pay 0.0012% / 1h | 47m 43s | $1.1M | $826K | 5x |
| Short | BingX ETHFI-USDT | 0.6986 | 0.0100 | get 0.0050% / 4h | 3h 47m | — | $10.7M | — |
Lighter ETHFI
BingX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $0.84
- Price spread: −0.132% → 0.000%
- −$13.15
- Slippage, 4 orders
- −$27.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$49.89
- Costs to cover
- 0.376%
- Break-even
- 422.8 days
Slippage from Lighter: live order book, 3 min ago; BingX: live order book, 6 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, 3 min ago | 4.30 bp | 7.7 bp −$8 | 81.7 bp −$817 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.43 bp | 8.6 bp −$9 | 12.2 bp −$122 | 26.4 bp −$2,639 | 67.1 bp −$33.6K |
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 | −0.0322% | 1h | 0.6984 | −0.160% | $41K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0291% | 4h | 0.6973 | −0.317% | $83K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0284% | 4h | 0.6980 | −0.217% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0278% | 4h | 0.6973 | −0.312% | $927K | $795K | — | as long as short |
| Bybit ETHFIUSDT | −0.0148% | 4h | 0.6983 | −0.174% | $17.1M | $12.9M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0116% | 8h | 0.6981 | −0.197% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6980 | −0.216% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0002% | 4h | 0.6984 | −0.160% | $15.9M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0004% | 4h | 0.6983 | −0.174% | $24.4M | $36.0M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.500% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6980 | −0.217% | $8K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.6995 | long leg | $1.1M | $826K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6989 | −0.084% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6984 | −0.158% | $179K | $224K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6991 | −0.060% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6987 | −0.117% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6983 | −0.174% | $1.2M | $214K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6984 | −0.160% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDTshort | +0.0100% | 4h | 0.6986 | −0.132% | — | $10.7M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6988 | −0.103% | $53K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6994 | −0.017% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0202% | 4h | 0.6980 | −0.217% | $1.2M | $233K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.6990 | −0.074% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0864% | 1h | 0.6997 | +0.032% | $292K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD