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−$23
spread now+0.266%7d average+0.148%fees + slippage, in and out−$35spread needed0.351%
Long on MEXCShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ETHFI_USDT0.73010.0100pay 0.0050% / 4h3h 52m$15.9M$4.0M125x
ShortLighter ETHFI0.73200.0096get 0.0012% / 1h52m 03s$1.3M$552K5x

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
$26.57
Funding while held
−$0.12
Slippage, 4 orders
−$31.09
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
−$8.64
Spread needed to break even
0.351%
Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 5 min ago.

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 MEXC live order book, 3 min ago0.69 bp6.8 bp −$719.2 bp −$19271.4 bp −$7,136171.2 bp −$85.6K
Sell Lighter live order book, 5 min ago4.18 bp10.3 bp −$1084.8 bp −$848doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
Paradex0.7279cheapestBloFin0.7293+0.197%HTX0.7298+0.266%Polymarket Perps0.7298+0.273%Bitget0.7300+0.294%
MEXC0.7301+0.307%
Extended0.7301+0.308%Variational Omni0.7301+0.314%Binance0.7303+0.332%BingX0.7303+0.335%Bybit0.7304+0.348%KuCoin0.7305+0.362%SunX0.7305+0.362%OKX0.7306+0.376%Gate0.7308+0.403%Aevo0.7310+0.437%Orderly0.7314+0.486%Deribit0.7316+0.513%Coinbase International0.7318+0.541%Aster0.7318+0.547%Hyperliquid0.7320+0.568%
Lighter0.7320+0.574%
Kraken Futures0.7323+0.604%Injective0.7441+2.231%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex ETHFI-USD-PERP−0.306%−0.0016%8h$6K—5xas long as short
BloFin ETHFI-USDT−0.110%+0.0340%4h$1.4M$276K75xas long as short
HTX ETHFI-USDT−0.041%−0.0748%4h$84K$160K20xas long as short
Polymarket Perps ETHFI-USD−0.034%+0.0100%1h$48K$52K5xas long as short
Bitget ETHFIUSDT−0.014%+0.0100%4h$6.3M$5.7M75xas long as short
MEXC ETHFI_USDTlong0.000%+0.0100%4h$15.9M$4.0M125x
Extended ETHFI-USD+0.001%+0.0104%1h$97K$479K10xas long as short
Variational Omni ETHFI+0.006%+0.0100%4h$1.1M$860K—as long as short
Binance ETHFIUSDT+0.024%+0.0100%4h$25.9M$36.9M75xas long as short
BingX ETHFI-USDT+0.027%+0.0100%4h—$26.0M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ETHFIUSDT+0.041%−0.0141%4h$19.0M$13.2M25xas long as short
KuCoin ETHFIUSDTM+0.055%+0.0100%4h$1.2M$274K50xas long as short
SunX ETHFI-USDT+0.055%+0.0100%4h$2K$1.0M20xas long as short
OKX ETHFI-USDT-SWAP+0.068%−0.0095%4h$4.9M$12.3M20xas long as short
Gate ETHFI_USDT+0.096%+0.0100%4h$1.8M$1.9M75xas long as short
Aevo ETHFI-PERP+0.129%+0.0104%1h$9K—3xas long as short
Orderly PERP_ETHFI_USDC+0.178%−0.0102%4h$17K$1K10xas long as short
Deribit ETHFI_USDC-PERPETUAL+0.205%−0.0296%1h$46K$17K10xas long as short
Coinbase International ETHFI-PERP-INTX+0.233%+0.0288%1h$32K$56K50xas long as short
Aster ETHFIUSDT+0.239%+0.0100%4h$187K$251K10xas long as short
Hyperliquid ETHFI+0.260%+0.0656%1h$20.2M$7.1M5xas long as short
Lighter ETHFIshort+0.266%+0.0096%1h$1.3M$552K5x
Kraken Futures PF_ETHFIUSD+0.295%−0.0287%1h$282K$191K20xas long as short
Injective ETHFI/USDC PERP+1.918%+0.0033%1h$330$56K5.5xas long as short