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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.029%
Price spread now: dYdX against Binance+0.008%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Long on BinanceShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 7 days+0.076%+$8 · spread now +0.008%, 7d avg −0.003%
Together, before fees+0.255%+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,774.20.0058pay 0.0058% / 8h7h 42m$6.48B$16.59B150x
ShortdYdX ETH-USD2,774.40get 0.0000% / 1h42m 25s$12.2M$46.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$12.18
Price spread: +0.008% → −0.003%
$1.17
Slippage, 4 orders
−$8.33
Fee Binance: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$39.34
Costs to cover
0.283%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; dYdX: 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, 2 min ago0.02 bp5.0 bp −$55.4 bp −$546.7 bp −$6668.3 bp −$4,136
Sell dYdX live order book, 2 min ago4.15 bp9.1 bp −$915.0 bp −$15025.7 bp −$2,56939.3 bp −$19.7K

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
Injective ETH/USDC PERP−0.0752%1h2,770.4−0.136%$119K$22.5M52xas long as short
Phemex ETHUSDT−0.0162%8h2,773.7−0.019%$270.1M$67.6M150xas long as short
RISEx ETH/USDC−0.0128%1h2,774.1−0.001%$5.7M$11.4M25xas long as short
Perpl ETH−0.0112%43m2,773.8−0.015%$301K$6.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.012%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,774.5+0.012%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.8−0.085%$878K$3.7M25xas long as short
dYdX ETH-USDshort0.0000%1h2,774.4+0.008%$12.2M$46.1M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775+0.030%$22.4M—200xas long as short
Bullet ETH-USD+0.0020%1h2,774.1−0.003%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,774.3+0.004%$1.71B$11.39B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,774.7+0.020%$12.7M—200xas long as short
Gate ETH_USDT+0.0033%8h2,774.4+0.008%$3.36B$8.95B200xas long as short
Aster ETHUSDT+0.0042%8h2,774.3+0.006%$257.1M$900.6M200xas long as short
SoDEX ETH-USD+0.0044%1h2,774.3+0.005%$55.3M$208.4M40xas long as short
Aftermath Perps ETHUSD+0.0048%1h2,772.9−0.047%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,771.8−0.086%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0058%8h2,774.1−0.004%$1.63B$2.63B500xas long as short
Binance ETHUSDTlong+0.0058%8h2,774.2long leg$6.48B$16.59B150x
Bitget ETHUSDT+0.0069%8h2,774.20.000%$2.10B$2.92B150xas long as short
HTX ETH-USDT+0.0071%8h2,773.9−0.008%$1.08B$1.28B200xas long as short
ApeX Omni ETHUSDT+0.0079%1h2,772.6−0.056%$8.7M$32.4M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,775.5+0.049%$60.4M$4.50B50xas long as short
KuCoin ETHUSDTM+0.0081%8h2,774.4+0.009%$420.8M$643.6M100xas long as short
Vest ETH-PERP+0.0086%1h2,774.20.000%—$881K50xas long as short
Lighter ETH+0.0096%1h2,773.9−0.010%$115.3M$456.6M50xas long as short
Lighter RH ETH+0.0096%1h2,774.7+0.018%$25.2M$110.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.5−0.024%$15.9M$9.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.2+0.001%$487K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.2+0.002%$14.9M$116.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.7+0.091%$3.18B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,774.3+0.005%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,774.5+0.013%$2.51B$4.44B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.6−0.021%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,775+0.031%$2.8M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.152%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,774.4+0.007%—$1.22B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2−0.036%$15.2M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3−0.140%$151.3M$342.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.4−0.101%$181.9M$787.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.4−0.062%$161.2M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6−0.057%$21.4M$59.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.4+0.008%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.5+0.013%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.3+0.077%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.8−0.012%$972K$13.4M100xas long as short
Extended ETH-USD+0.0104%1h2,773.5−0.023%$32.5M$73.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,775+0.028%—$38.3M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,773.6−0.021%$8.1M$687.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0128%1h2,775.7+0.055%$259.1M$210.9M50xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,775.7+0.057%$93.4M$323.0M100xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,777.2+0.110%$32.7M$11.6M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,775.3+0.041%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0179%8h2,774.3+0.005%$287.9M$188.1M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,774.1−0.003%$7.4M$1.2M25xas long as short