ETH arbitrage between Lighter and BingX: we compare the price of ETH on Lighter (futures) and BingX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Ethereum

Ethereum is a global, open-source platform for decentralized applications. In other words, it is a decentralized blockchain platform that enables developers to build and deploy smart contracts and applications without central authority control. Unlike Bitcoin, which primarily functions as digital currency, Ethereum operates as a programmable global computer where developers can create any type of decentralized service. The platform hosts over $14 billion in DeFi applications with hundreds of thousands of active users across financial protocols, NFT marketplaces, and gaming platforms. Its transition to Proof of Stake in September 2022 reduced energy consumption by over 99%, addressing environmental concerns while strengthening network security.…

Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem, FTX Holdings

Over the past 24 hours the spread between Lighter and BingX stayed between 0.06% and 0.13%, median 0.07% across 28 samples (futures to DEX).

ETH: BingX — deposit open, withdrawal open.

Open interest in ETH right now — $13.5B: Binance $4.7B, HyperLiquid $1.8B, Bybit $1.7B, Bitget $1.6B, OKX $1.4B. See OI ETH.

News about ETH

About ETH arbitrage

How do I read the ETH spread?

The spread is how many percent higher ETH trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Lighter and BingX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ETH alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.