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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.016%
Price spread now: Pacifica against BingX+0.046%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Long on BingXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.046% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,7770.0017pay 0.0017% / 8h1h 24m—$1.18B—
ShortPacifica ETH2,778.30.0100get 0.0013% / 1h24m 28s$31.2M$299.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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
$17.43
Price spread: +0.046% → 0.000%
$4.61
Slippage, 4 orders
−$0.67
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$3.37
Costs to cover
0.187%
Break-even
5.6 days
Slippage from BingX: live order book, 5 min ago; Pacifica: live order book, 5 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 BingX live order book, 5 min ago0.04 bp5.3 bp −$55.4 bp −$545.7 bp −$5656.1 bp −$3,052
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn'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%43m2,776.9−0.006%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.2−0.030%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.8−0.189%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.8−0.189%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,777.3+0.009%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,774.3−0.097%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.6+0.022%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,773.9−0.113%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.8+0.028%$22.4M—200xas long as short
BingX ETH-USDTlong+0.0017%8h2,777long leg—$1.18B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,776.3−0.025%$1.69B$11.89B100xas long as short
Phemex ETHUSDT+0.0021%8h2,775.5−0.056%$269.8M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.7+0.024%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,777−0.001%$256.3M$991.4M200xas long as short
Bullet ETH-USD+0.0037%1h2,777−0.003%$181K$1.7M20xas long as short
Nado ETH-PERP+0.0056%1h2,776.8−0.010%$14.4M$118.1M50xas long as short
MEXC ETH_USDT+0.0060%8h2,777−0.001%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0060%8h2,777.1+0.001%$6.43B$17.19B150xas long as short
Aevo ETH-PERP+0.0064%1h2,775.6−0.052%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,776.8−0.010%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.9−0.005%$3.29B$9.63B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4−0.166%$8.8M$32.6M100xas long as short
SoDEX ETH-USD+0.0076%1h2,774.7−0.084%$55.2M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,776.6−0.017%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0094%8h2,774.5−0.091%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,778.5+0.051%$115.1M$500.6M50xas long as short
Lighter RH ETH+0.0096%1h2,780+0.105%$25.4M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.8+0.063%—$41.6M500xas long as short
Deribit ETH-PERPETUAL+0.0096%1h2,776.5−0.021%$258.3M$222.1M50xas long as short
KuCoin ETHUSDTM+0.0097%8h2,776.9−0.006%$423.7M$739.4M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.4+0.011%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777−0.001%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779+0.071%$3.19B$2.36B25xas long as short
Pacifica ETHshort+0.0100%1h2,778.3+0.046%$31.2M$299.8M50x
Ondo Perps ETH-USD.P+0.0100%1h2,776.7−0.012%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.2+0.041%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.346%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.8−0.043%$15.2M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,771.9−0.185%$137.1M$324.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.228%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9−0.147%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.6−0.088%$21.4M$58.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.9−0.003%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.1+0.038%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.6+0.019%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,777−0.002%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773−0.146%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775.7−0.047%$32.8M$77.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.1−0.033%$60.1M$4.60B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,774.5−0.091%$8.4M$678.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,779.2+0.079%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,775.9−0.041%$86.0M$331.7M100xas long as short
BloFin ETH-USDT+0.0180%8h2,774.5−0.093%$285.6M$194.6M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,776.7−0.011%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,775.8−0.043%$271K$1.5M20xas long as short