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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 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.021%
Price spread now: dYdX against Bitget−0.004%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Long on BitgetShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days+0.054%+$5 · spread now −0.004%, 7d avg −0.005%
Together, before fees+0.212%+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,732.50.0100pay 0.0100% / 8h1h 07m$2.10B$2.77B150x
ShortdYdX ETH-USD2,732.40get 0.0000% / 1h7m 55s$10.5M$42.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: −0.004% → −0.005%
$0.04
Slippage, 4 orders
−$3.51
Fee Bitget: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$46.48
Costs to cover
0.255%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; dYdX: live order book, 1 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, 1 min ago0.02 bp6.0 bp −$66.5 bp −$657.7 bp −$7738.5 bp −$4,270
Sell dYdX live order book, 1 min ago0.37 bp6.8 bp −$711.5 bp −$11520.5 bp −$2,05027.4 bp −$13.7K

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,732−0.017%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.023%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8+0.013%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.023%$813K$3.0M25xas long as short
dYdX ETH-USDshort0.0000%1h2,732.4−0.004%$10.5M$42.9M50x
Kalshi KXETHPERP0.0000%8h2,732.7+0.008%$6.6M$683.0M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.016%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.036%$262.6M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.8+0.012%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.029%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.2−0.010%$191K$889K50xas long as short
BingX ETH-USDT+0.0024%8h2,732.6+0.006%—$1.10B—as long as short
HTX ETH-USDT+0.0027%8h2,732.3−0.005%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,732.4−0.001%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.6+0.003%$379.5M$576.7M100xas long as short
SoDEX ETH-USD+0.0072%1h2,732.4−0.003%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,732.3−0.005%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,732.8+0.011%$253.1M$846.8M200xas long as short
Bullet ETH-USD+0.0089%1h2,732.6+0.004%$189K$1.7M20xas long as short
Phemex ETHUSDT+0.0090%8h2,732.3−0.007%$263.1M$64.5M150xas long as short
MEXC ETH_USDT+0.0095%8h2,732.4−0.003%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.7+0.007%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.1+0.024%$112.8M$438.8M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.064%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.100%$4.9M$171K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.2+0.025%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4−0.039%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.152%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.038%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735+0.091%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5+0.002%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.6−0.032%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4−0.003%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.024%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.9+0.016%$3.31B$9.04B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,732.5long leg$2.10B$2.77B150x
Backpack ETH_USDC_PERP+0.0100%1h2,732.4−0.003%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.046%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.011%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.016%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.019%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.044%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.041%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.8+0.011%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.2−0.011%$959K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731.7−0.030%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.2−0.009%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.7+0.044%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.3−0.006%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.020%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.084%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,731.5−0.035%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733+0.019%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4−0.001%$281.0M$175.4M150xas long as short