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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Arcus−0.027%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$110.108% of the position
Long on ArcusShort on Extended
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days+0.003%$0 · spread now −0.027%, 7d avg −0.074%
Together, before fees+0.007%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.047% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,732.40.0100pay 0.0013% / 1h7m 56s$1.5M$16.1M25x
ShortExtended ETH-USD2,731.70.0104get 0.0013% / 1h7m 56s$30.4M$72.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Arcus. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
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: −0.027% → −0.074%
$4.7
Slippage, 4 orders
−$1.3
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$5.25
Costs to cover
0.108%
Break-even
50.8 days
Slippage from Arcus: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 1 min ago0.02 bp2.8 bp −$34.2 bp −$426.6 bp −$661doesn't fit
Sell Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$275.0 bp −$50113.0 bp −$6,479

ETH on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,732−0.015%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.026%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8+0.015%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.026%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4−0.002%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.7+0.011%$6.6M$683.0M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.013%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.039%$262.6M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.8+0.015%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.026%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.2−0.007%$191K$889K50xas long as short
BingX ETH-USDT+0.0024%8h2,732.6+0.008%—$1.10B—as long as short
HTX ETH-USDT+0.0027%8h2,732.3−0.002%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,732.4+0.001%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.6+0.005%$379.5M$576.7M100xas long as short
SoDEX ETH-USD+0.0072%1h2,732.40.000%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,732.3−0.002%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,732.8+0.014%$253.1M$846.8M200xas long as short
Bullet ETH-USD+0.0089%1h2,732.6+0.007%$189K$1.7M20xas long as short
Phemex ETHUSDT+0.0090%8h2,732.3−0.005%$263.1M$64.5M150xas long as short
MEXC ETH_USDT+0.0095%8h2,732.4−0.001%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.7+0.010%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.1+0.026%$112.8M$438.8M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.067%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.097%$4.9M$171K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.2+0.028%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4−0.037%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.155%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.035%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735+0.093%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5+0.005%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.6−0.029%$2.7M$16.8M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,732.4long leg$1.5M$16.1M25x
Bulk ETH-USD+0.0100%1h2,731.8−0.022%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.9+0.018%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.5+0.003%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.40.000%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.044%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.009%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.014%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.022%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.046%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.044%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.8+0.014%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.2−0.009%$959K$10.9M100xas long as short
Extended ETH-USDshort+0.0104%1h2,731.7−0.027%$30.4M$72.9M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.2−0.006%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.7+0.046%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.3−0.003%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.022%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.086%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,731.5−0.032%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733+0.021%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4+0.001%$281.0M$175.4M150xas long as short