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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 23:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.004%
Price spread now: Pacifica against Binance+0.076%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on BinanceShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.076%, 7d avg +0.007%
Together, before fees−0.034%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.069% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,780.10.0058pay 0.0058% / 8h1h 41m$6.46B$17.11B150x
ShortPacifica ETH2,782.20.0100get 0.0013% / 1h41m 02s$31.3M$295.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$8.73
Price spread: +0.076% → +0.007%
$6.93
Slippage, 4 orders
−$0.4
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$2.74
Costs to cover
0.184%
Break-even
9.2 days
Slippage from Binance: live order book, 3 min ago; Pacifica: live order book, 3 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, 3 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$5978.4 bp −$4,222
Sell Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.3 bp −$43doesn't fitdoesn'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%43m2,781.3+0.042%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,781.1+0.037%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782+0.069%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.158%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,781.2+0.040%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,777.2−0.105%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.1+0.072%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.212%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5−0.021%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,780.3+0.007%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,780.2+0.004%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,779.9−0.007%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.013%$13.2M—200xas long as short
Aster ETHUSDT+0.0037%8h2,779.9−0.005%$257.0M$989.9M200xas long as short
Bullet ETH-USD+0.0040%1h2,780−0.004%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0044%1h2,780.1+0.001%$14.3M$117.7M50xas long as short
MEXC ETH_USDT+0.0056%8h2,779.5−0.022%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.171%$5.0M$636K20xas long as short
Binance ETHUSDTlong+0.0058%8h2,780.1long leg$6.46B$17.11B150x
Bitget ETHUSDT+0.0073%8h2,779.8−0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,779.9−0.006%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.6−0.018%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,780−0.002%$115.2M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,781.5+0.052%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.078%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,780.1+0.001%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,782.9+0.103%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,781.5+0.051%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,782.2+0.076%$3.19B$2.39B25xas long as short
Pacifica ETHshort+0.0100%1h2,782.2+0.076%$31.3M$295.5M50x
Ondo Perps ETH-USD.P+0.0100%1h2,781+0.033%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,783.4+0.119%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.045%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.4−0.024%$426.9M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.009%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.225%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.115%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.128%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.127%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.008%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781+0.034%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.6+0.055%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780−0.002%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.042%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.021%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4−0.024%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779−0.037%$31.6M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9−0.043%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.027%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.036%$258.4M$221.6M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.062%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,781.5+0.051%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.021%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6−0.016%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,779.8−0.009%$7.4M$1.1M25xas long as short