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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 06:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h +0.007%
Price spread now: Arcus against Binance+0.061%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on BinanceShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.024%+$2 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.061%, 7d avg +0.026%
Together, before fees−0.040%−$4 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: Arcus is 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,719.10.0091pay 0.0091% / 8h2h 32m$6.29B$16.07B150x
ShortArcus ETH-USD2,720.80.0100get 0.0013% / 1h32m 13s$1.5M$16.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.79
Price spread: +0.061% → +0.026%
$3.56
Slippage, 4 orders
−$0.91
Fee Binance: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$10.05
Costs to cover
0.154%
Break-even
46.2 days
Slippage from Binance: live order book, 12 min ago; Arcus: live order book, 2 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 Binance live order book, 12 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5327.8 bp −$3,923
Sell Arcus live order book, 2 min ago0.11 bp2.7 bp −$32.7 bp −$274.2 bp −$419doesn't fit

ETH on 55 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
Perpl ETH−0.0447%43m2,720.2+0.041%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2−0.034%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,718.4−0.026%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.7+0.021%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.091%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,719.8+0.024%$30.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.088%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0011%1h2,720.4+0.047%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,719.7+0.021%$258.7M$206.2M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,720.6+0.055%$186K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0033%8h2,719.5+0.014%—$1.14B—as long as short
Bybit ETHUSDT+0.0042%8h2,719.1−0.002%$2.35B$4.41B150xas long as short
SunX ETH-USDT+0.0069%8h2,719.6+0.019%$953K$11.2M100xas long as short
Bullet ETH-USD+0.0070%1h2,719.1−0.001%$179K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,721.9+0.101%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0075%8h2,719−0.004%$374.5M$577.9M100xas long as short
Aster ETHUSDT+0.0084%8h2,719.2+0.003%$251.6M$843.9M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715.9−0.119%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,718.9−0.010%$1.66B$10.78B100xas long as short
Binance ETHUSDTlong+0.0091%8h2,719.1long leg$6.29B$16.07B150x
MEXC ETH_USDT+0.0092%8h2,719.3+0.005%$1.56B$2.58B500xas long as short
Phemex ETHUSDT+0.0095%8h2,719.1−0.002%$262.8M$64.3M150xas long as short
Lighter ETH+0.0096%1h2,719.2+0.004%$111.2M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,720.7+0.058%$23.3M$103.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.6+0.018%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.8+0.136%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,720.2+0.040%$13.8M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.6+0.091%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,720.9+0.065%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,718.6−0.019%$2.7M$16.7M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,720.8+0.061%$1.5M$16.2M25x
Bulk ETH-USD+0.0100%1h2,719−0.006%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,719.4+0.009%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718.6−0.017%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718−0.040%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.151%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.184%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.165%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.201%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,718−0.041%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,720.6+0.054%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,720.9+0.066%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719.7+0.022%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.9+0.027%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,718.7−0.015%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.9−0.044%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.3+0.045%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,720.4+0.045%$49.7M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,720.8+0.062%$5.5M$11.8M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,720+0.033%$6.5M$691.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,719.4+0.010%$82.7M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,721.2+0.077%$32.0M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,718.3−0.029%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.047%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,717.8−0.049%$281.2M$174.1M150xas long as short