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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 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: SoDEX against Bitget−0.050%7-day average −0.010% · 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−$25as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on BitgetShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.050%, 7d avg −0.010%
Together, before fees−0.043%−$4 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: SoDEX is 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,742.90.0100pay 0.0100% / 8h5h 43m$2.08B$2.73B150x
ShortSoDEX ETH-USD2,741.50.0100get 0.0013% / 1h43m 40s$54.6M$187.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.050% → −0.010%
−$4.01
Slippage, 4 orders
−$0.91
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$24.92
Costs to cover
0.209%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; SoDEX: 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, 6 min ago0.02 bp6.0 bp −$66.0 bp −$607.6 bp −$755doesn't fit
Sell SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.2 bp −$425.9 bp −$59133.6 bp −$16.8K

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−0.0112%43m2,743.1+0.008%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7−0.006%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.067%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2−0.060%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,744.4+0.055%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.4−0.054%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.083%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,742.8−0.003%$182K$917K50xas long as short
BingX ETH-USDC+0.0047%8h2,742.7−0.008%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743+0.006%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,743.4+0.019%$383.8M$599.4M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.4−0.018%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0080%8h2,743.4+0.018%$252.3M$841.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,742.8−0.003%$1.56B$2.53B500xas long as short
Aevo ETH-PERP+0.0088%1h2,738.9−0.144%$4.9M$159K20xas long as short
Binance ETHUSDT+0.0089%8h2,743.7+0.029%$6.38B$15.71B150xas long as short
Bullet ETH-USD+0.0096%1h2,741.1−0.066%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,744+0.042%$112.8M$432.0M50xas long as short
Lighter RH ETH+0.0096%1h2,744.8+0.071%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.4+0.057%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,742.8−0.003%$58.9M$4.27B50xas long as short
HTX ETH-USDT+0.0097%8h2,740.8−0.075%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.6+0.137%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.4−0.017%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.5−0.015%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.6+0.100%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.042%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743+0.004%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.3+0.016%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.3+0.016%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.024%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,744+0.041%$3.40B$8.69B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,742.9long leg$2.08B$2.73B150x
Backpack ETH_USDC_PERP+0.0100%1h2,741.6−0.047%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.091%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.135%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.113%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.071%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.072%$21.2M$69.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.1+0.008%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7−0.006%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,742−0.032%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,743.5+0.023%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.2−0.062%$961K$11.5M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,741.5−0.050%$54.6M$187.5M40x
Phemex ETHUSDT+0.0100%8h2,741.6−0.048%$266.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.2−0.024%$30.6M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,742.90.000%$258.8M$195.8M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,743.1+0.007%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.9+0.038%$7.8M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,744+0.040%$32.3M$11.2M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.002%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3−0.019%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.3−0.057%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,744.9+0.075%$250K$1.4M20xas long as short