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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.012%
Price spread now: SunX against BingX+0.042%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Long on BingXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,776.60.0014pay 0.0014% / 8h59m 37s—$1.21B—
ShortSunX ETH-USDT2,777.80.0100get 0.0100% / 8h59m 37s$973K$13.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$18.06
Price spread: +0.042% → 0.000%
$4.18
Slippage, 4 orders
−$3.47
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$0.77
Costs to cover
0.215%
Break-even
6.7 days
Slippage from BingX: live order book, 5 min ago; SunX: live order book, 10 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 bp5.1 bp −$55.1 bp −$515.4 bp −$5416.0 bp −$3,020
Sell SunX live order book, 10 min ago0.61 bp5.1 bp −$55.3 bp −$536.9 bp −$6878.8 bp −$4,400

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%43m2,778.3+0.062%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,776.3−0.011%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4+0.028%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.177%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0016%1h2,777.2+0.021%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.006%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.046%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.036%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.2+0.094%$22.4M—200xas long as short
BingX ETH-USDTlong+0.0014%8h2,776.6long leg—$1.21B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,776.5−0.005%$1.70B$11.87B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778+0.049%$270.6M$68.8M150xas long as short
Bullet ETH-USD+0.0022%1h2,778.3+0.059%$182K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.092%$13.0M—200xas long as short
Aster ETHUSDT+0.0034%8h2,776.9+0.012%$254.7M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,779.7+0.110%$258.7M$222.8M50xas long as short
Nado ETH-PERP+0.0054%1h2,778.4+0.064%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.034%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,776.5−0.003%$1.60B$2.62B500xas long as short
SoDEX ETH-USD+0.0060%1h2,777.8+0.043%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,776.6−0.002%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1−0.018%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,776.6−0.001%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,776.5−0.003%$3.30B$9.55B200xas long as short
HTX ETH-USDT+0.0087%8h2,778.2+0.055%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,776.7+0.001%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,777.7+0.040%$423.4M$739.5M100xas long as short
Vest ETH-PERP+0.0096%1h2,778.5+0.068%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,777.7+0.038%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,778.6+0.071%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.8+0.005%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.018%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.6+0.142%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,777.7+0.039%$31.2M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.7+0.003%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,778+0.050%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.048%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778+0.049%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.025%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777+0.015%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.010%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5+0.068%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.115%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.8+0.078%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.147%$42.8M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,777.8+0.042%$973K$13.9M100x
Extended ETH-USD+0.0104%1h2,776−0.022%$32.6M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,779.3+0.096%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.094%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.061%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,781.2+0.165%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.090%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.006%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.3+0.061%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5+0.032%$270K$1.5M20xas long as short