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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 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.015%
Price spread now: SunX against Bitget−0.001%50s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.233% of the position
Long on BitgetShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 3 days (all we have)−0.035%−$4 · spread now −0.001%, 7d avg −0.016%
Together, before fees+0.045%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,746.20.0089pay 0.0089% / 8h6h 33m$2.07B$2.86B150x
ShortSunX ETH-USDT2,746.20.0100get 0.0100% / 8h6h 33m$962K$12.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$2.31
Price spread: −0.001% → −0.016%
$1.53
Slippage, 4 orders
−$3.34
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$19.5
Costs to cover
0.233%
Break-even
66.1 days
Slippage from Bitget: live order book, 6 min ago; SunX: live order book, 6 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 −$606.8 bp −$679doesn't fit
Sell SunX live order book, 6 min ago0.80 bp4.8 bp −$55.4 bp −$547.8 bp −$779doesn't fit

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
Perpl ETH−0.0447%43m2,745.8−0.017%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2+0.071%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,744.8−0.052%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.048%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.1−0.004%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.006%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.8−0.016%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.30.000%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,745.3−0.034%$180K$1.1M50xas long as short
BingX ETH-USDT+0.0032%8h2,745.5−0.028%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0042%8h2,746.3+0.001%$1.68B$11.07B100xas long as short
HTX ETH-USDT+0.0046%8h2,747.1+0.031%$1.06B$1.22B200xas long as short
Aster ETHUSDT+0.0061%8h2,745.2−0.036%$253.2M$863.0M200xas long as short
MEXC ETH_USDT+0.0070%8h2,745.8−0.016%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,745.5−0.028%$6.35B$16.33B150xas long as short
Aevo ETH-PERP+0.0072%1h2,745−0.044%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,745.6−0.025%$381.1M$608.1M100xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,748.5+0.081%$258.6M$202.0M50xas long as short
Gate ETH_USDT+0.0080%8h2,744.8−0.054%$3.39B$8.85B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.2+0.107%$58.9M$4.39B50xas long as short
Bitget ETHUSDTlong+0.0089%8h2,746.2long leg$2.07B$2.86B150x
Lighter ETH+0.0096%1h2,745.4−0.032%$112.7M$441.9M50xas long as short
Lighter RH ETH+0.0096%1h2,746.7+0.015%$24.8M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9−0.012%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.5+0.118%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.8−0.089%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.8−0.014%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.1+0.068%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,745.5−0.028%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.8−0.016%$2.45B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.6−0.096%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.1−0.040%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748+0.064%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.061%$133.0M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.068%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.5−0.027%$159.7M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,745−0.045%$21.2M$67.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.1+0.031%—$870K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2−0.038%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.8−0.017%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.3+0.040%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.8+0.095%$41.8M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,746.2−0.001%$962K$12.5M100x
SoDEX ETH-USD+0.0100%1h2,747.3+0.039%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.8+0.056%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.084%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746−0.008%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,743.3−0.108%$30.4M$74.9M50xas long as short
Kalshi KXETHPERP+0.0137%8h2,747.9+0.060%$7.9M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0167%8h2,749.9+0.134%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,748.4+0.079%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.2−0.074%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,745.5−0.029%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.3+0.075%$90.0M$318.2M100xas long as short