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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Arcus against Bitget−0.128%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Long on BitgetShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.034%+$3 on $10k
Price spread, last 7 days+0.134%+$13 · spread now −0.128%, 7d avg +0.027%
Together, before fees+0.168%+$17 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 0.155% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,738.80.0100pay 0.0100% / 8h4h 57m$2.07B$2.72B150x
ShortArcus ETH-USD2,735.30.0100get 0.0013% / 1h57m 02s$2.8M$16.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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
$0
Price spread: −0.128% → +0.027%
−$15.47
Slippage, 4 orders
−$0.83
Fee Bitget: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$32.8
Costs to cover
0.173%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago0.02 bp6.0 bp −$66.1 bp −$617.4 bp −$7409.7 bp −$4,862
Sell Arcus live order book, 2 min ago0.16 bp2.9 bp −$33.4 bp −$3410.4 bp −$1,041doesn'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
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.091%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.7−0.076%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.8−0.036%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.2−0.059%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.4−0.123%$181K$834K50xas long as short
Perpl ETH0.0000%43m2,735.4−0.122%$301K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.2−0.021%$25.3M—200xas long as short
Phoenix ETH+0.0017%1h2,739+0.008%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1+0.046%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0054%8h2,738.9+0.004%—$1.14B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0058%1h2,737.7−0.039%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,738.6−0.006%$1.69B$10.58B100xas long as short
Bullet ETH-USD+0.0070%1h2,736.7−0.078%$181K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,737.8−0.034%$380.9M$573.7M100xas long as short
Aster ETHUSDT+0.0081%8h2,738.1−0.026%$253.3M$840.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735−0.139%$4.9M$154K20xas long as short
Backpack ETH_USDC_PERP+0.0089%1h2,738.5−0.011%$15.0M$39.6M50xas long as short
MEXC ETH_USDT+0.0090%8h2,737.8−0.037%$1.56B$2.52B500xas long as short
Binance ETHUSDT+0.0090%8h2,738.4−0.015%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,738−0.028%$112.3M$429.9M50xas long as short
Lighter RH ETH+0.0096%1h2,739.5+0.024%$24.5M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736−0.103%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.4−0.123%$5.6M$11.4M25xas long as short
HTX ETH-USDT+0.0100%8h2,737.8−0.035%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,738.2−0.023%$15.9M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.175%$499K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.7−0.150%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.3+0.055%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,736.2−0.094%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.5−0.012%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.4−0.160%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,735.3−0.128%$2.8M$16.3M25x
Bulk ETH-USD+0.0100%1h2,739.7+0.034%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,739+0.008%$3.38B$8.66B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,738.8long leg$2.07B$2.72B150x
Variational Omni ETH+0.0100%8h2,739+0.006%$133.0M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.7−0.002%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.80.000%$159.2M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,738.8+0.001%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.1−0.063%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.5−0.047%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.064%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,736.3−0.092%$960K$11.4M100xas long as short
Phemex ETHUSDT+0.0100%8h2,738.1−0.027%$266.0M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,736.9−0.069%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,739.6+0.030%$53.6M$4.25B50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,739.9+0.040%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,736.5−0.083%$7.6M$672.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,739.4+0.021%$260.0M$194.8M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,740+0.045%$32.2M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.041%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.8−0.001%$85.9M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,736−0.103%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3+0.019%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.6077%1h2,738.4−0.014%$21K$20K25xas long as short