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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 00:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.006%
Price spread now: dYdX against BloFin+0.030%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Long on BloFinShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.030%, 7d avg +0.019%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,770.10.0175pay 0.0175% / 8h5m 55s$286.5M$194.4M150x
ShortdYdX ETH-USD2,7710get 0.0000% / 1h5m 55s$12.7M$45.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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
−$36.81
Price spread: +0.030% → +0.019%
$1.04
Slippage, 4 orders
−$5.27
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$63.05
Costs to cover
0.273%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; dYdX: live order book, 3 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 BloFin live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$607.2 bp −$7218.9 bp −$4,444
Sell dYdX live order book, 3 min ago1.98 bp8.2 bp −$814.6 bp −$14622.6 bp −$2,26532.0 bp −$16.0K

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−0.0223%43m2,770.7+0.020%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.012%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.290%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.7+0.020%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0016%1h2,769.8−0.012%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770−0.005%$168K$1.2M50xas long as short
dYdX ETH-USDshort0.0000%1h2,771+0.030%$12.7M$45.9M50x
Phoenix ETH+0.0003%1h2,771.5+0.049%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.5−0.023%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,770−0.005%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,769.3−0.029%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.3+0.042%$29K$22K20xas long as short
SoDEX ETH-USD+0.0029%1h2,768.9−0.045%$55.1M$228.8M40xas long as short
Phemex ETHUSDT+0.0030%8h2,769.8−0.011%$270.0M$68.7M150xas long as short
Aster ETHUSDT+0.0032%8h2,770.4+0.009%$255.7M$1.00B200xas long as short
Bullet ETH-USD+0.0036%1h2,768.4−0.063%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,768.9−0.044%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,770.10.000%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.7−0.089%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770.2+0.001%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770−0.005%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.5+0.012%$421.1M$738.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,770.3+0.004%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,770−0.005%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,770.9+0.028%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0093%8h2,769.2−0.032%$1.08B$1.32B200xas long as short
Deribit ETH-PERPETUAL+0.0093%1h2,770.6+0.015%$259.1M$222.2M50xas long as short
Nado ETH-PERP+0.0095%1h2,769.4−0.026%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770−0.004%$115.0M$501.8M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.048%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0096%1h2,770−0.005%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.3−0.031%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.5−0.023%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.6+0.090%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.3+0.007%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.5−0.023%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.011%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.027%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9−0.010%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.058%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.027%$181.8M$784.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.029%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.6+0.017%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6−0.019%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.8−0.014%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769−0.042%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,771.2+0.040%$42.7M$29.4M15xas long as short
Kalshi KXETHPERP+0.0103%8h2,770.6+0.017%$8.2M$688.2M4.9xas long as short
Extended ETH-USD+0.0104%1h2,769.7−0.018%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.3+0.043%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.1+0.036%$90.4M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,771.5+0.049%$32.6M$12.2M100xas long as short
BloFin ETH-USDTlong+0.0175%8h2,770.1long leg$286.5M$194.4M150x
Reya ETHRUSDPERP+0.0205%1h2,768.4−0.061%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,773+0.103%$252K$1.6M20xas long as short