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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Pacifica against Bitget+0.026%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on BitgetShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.026%, 7d avg +0.009%
Together, before fees−0.006%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,732.50.0100pay 0.0100% / 8h4h 06m$2.07B$2.73B150x
ShortPacifica ETH2,733.20.0100get 0.0013% / 1h6m 40s$32.0M$335.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.026% → +0.009%
$1.68
Slippage, 4 orders
−$0.4
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$18.72
Costs to cover
0.204%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Pacifica: 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, 3 min ago0.02 bp6.0 bp −$67.0 bp −$708.4 bp −$84410.4 bp −$5,213
Sell Pacifica live order book, 2 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn'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%43m2,732.7+0.008%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.063%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.7+0.008%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.3+0.029%$11.9M—200xas long as short
01 Exchange ETHUSD0.0000%1h2,732.8+0.011%$187K$822K50xas long as short
Phoenix ETH0.0000%1h2,735.7+0.117%$828K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,733+0.019%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.4+0.032%$28.1M—200xas long as short
Bullet ETH-USD+0.0013%1h2,732.8+0.010%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0023%8h2,732.1−0.016%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0046%8h2,732.2−0.012%—$18.4M—as long as short
Bybit ETHUSDT+0.0055%8h2,732−0.020%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0055%1h2,734.1+0.057%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,732.1−0.013%$380.1M$573.5M100xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,732.2−0.012%$1.67B$10.70B100xas long as short
Phemex ETHUSDT+0.0078%8h2,732.9+0.016%$265.6M$65.2M150xas long as short
Aster ETHUSDT+0.0085%8h2,732.5+0.001%$250.9M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,732.2−0.010%$1.55B$2.57B500xas long as short
Deribit ETH-PERPETUAL+0.0094%1h2,734.3+0.066%$259.7M$196.2M50xas long as short
Binance ETHUSDT+0.0094%8h2,732.2−0.010%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,732.4−0.003%$112.7M$441.6M50xas long as short
Lighter RH ETH+0.0096%1h2,733.7+0.045%$23.5M$106.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.4+0.034%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.5−0.074%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.1+0.131%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,732.8+0.011%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.2−0.011%$498K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.6+0.004%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.077%$3.10B$2.05B25xas long as short
Pacifica ETHshort+0.0100%1h2,733.2+0.026%$32.0M$335.0M50x
Ondo Perps ETH-USD.P+0.0100%1h2,732.3−0.007%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.8+0.012%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.1−0.013%$3.34B$8.93B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,732.5long leg$2.07B$2.73B150x
Backpack ETH_USDC_PERP+0.0100%1h2,732.4−0.003%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,733.2+0.027%$133.8M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.8+0.047%$183.9M$670.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.4+0.032%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.8+0.085%$21.1M$68.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.045%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734.4+0.070%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.4+0.034%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.7+0.082%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.6−0.031%$959K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.9+0.015%$54.4M$187.6M40xas long as short
Bulk ETH-USD+0.0100%1h2,732.6+0.005%$165.4M$300.2M25xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.039%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.1+0.059%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,734+0.055%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0132%8h2,733.2+0.026%$6.7M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,735.6+0.114%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0217%1h2,732.1−0.015%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.6+0.039%$83.2M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,736.1+0.133%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733+0.020%$282.9M$175.6M150xas long as short