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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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.206%
7d average−0.087%if it closes, per $10,000$21funding while held, a day+$0.12
Long on LighterShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ETHFI0.74160.0096pay 0.0012% / 1h56m 28s$1.3M$539K5x
ShortVariational Omni ETHFI0.74010.0100get 0.0050% / 4h56m 28s$1.1M$815K—

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
−$20.56
Funding while held
$0.12
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$20.44
Spread needed to break even
0.000%
Slippage unknown: Lighter: live order book, 1 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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 Lighter live order book, 1 min ago5.34 bp11.2 bp −$1181.9 bp −$819doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago4.06 bpdoesn't fit44.6 bp −$446doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
BloFin0.7381cheapestHTX0.7385+0.054%Orderly0.7389+0.108%Deribit0.7390+0.122%Kraken Futures0.7393+0.159%Aster0.7395+0.184%Aevo0.7395+0.190%SunX0.7395+0.190%
Variational Omni0.7401+0.269%
Extended0.7402+0.282%Paradex0.7402+0.288%BingX0.7405+0.325%Gate0.7408+0.366%KuCoin0.7412+0.420%MEXC0.7414+0.447%Bitget0.7414+0.447%Binance0.7415+0.461%OKX0.7415+0.461%
Lighter0.7416+0.476%
Bybit0.7421+0.542%Coinbase International0.7421+0.542%Hyperliquid0.7428+0.634%Polymarket Perps0.7428+0.638%Injective0.7441+0.813%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ETHFI-USDT−0.473%+0.0340%4h$1.4M$267K75xas long as short
HTX ETHFI-USDT−0.419%−0.0007%4h$78K$136K20xas long as short
Orderly PERP_ETHFI_USDC−0.365%−0.0077%4h$17K$6610xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.352%−0.0696%1h$47K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.315%−0.0027%1h$285K$217K20xas long as short
Aster ETHFIUSDT−0.290%+0.0100%4h$194K$233K10xas long as short
Aevo ETHFI-PERP−0.285%+0.0104%1h$9K—3xas long as short
SunX ETHFI-USDT−0.285%+0.0100%4h$1K$1.0M20xas long as short
Variational Omni ETHFIshort−0.206%+0.0100%4h$1.1M$815K—
Extended ETHFI-USD−0.193%+0.0104%1h$100K$477K10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex ETHFI-USD-PERP−0.187%−0.0013%8h$6K—5xas long as short
BingX ETHFI-USDT−0.150%+0.0100%4h—$26.0M—as long as short
Gate ETHFI_USDT−0.109%+0.0100%4h$1.8M$1.9M75xas long as short
KuCoin ETHFIUSDTM−0.055%+0.0100%4h$1.2M$275K50xas long as short
MEXC ETHFI_USDT−0.028%+0.0100%4h$15.7M$3.7M125xas long as short
Bitget ETHFIUSDT−0.028%+0.0100%4h$6.5M$5.5M75xas long as short
Binance ETHFIUSDT−0.015%+0.0100%4h$26.5M$35.7M75xas long as short
OKX ETHFI-USDT-SWAP−0.015%−0.0200%4h$5.0M$12.5M20xas long as short
Lighter ETHFIlong0.000%+0.0096%1h$1.3M$539K5x
Bybit ETHFIUSDT+0.066%+0.0100%4h$19.5M$12.6M25xas long as short
Coinbase International ETHFI-PERP-INTX+0.066%+0.0184%1h$33K$90K50xas long as short
Hyperliquid ETHFI+0.158%+0.0100%1h$20.2M$6.9M5xas long as short
Polymarket Perps ETHFI-USD+0.162%+0.0100%1h$60K$35K5xas long as short
Injective ETHFI/USDC PERP+0.336%+0.0033%1h$330$56K5.5xas long as short