Settings8H · net · $10k
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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−0.0151%/8h= −16.6% APRnext payment −$1.51 per $10,000 · paid last 24h −0.043%
Price spread now: Phemex against BloFin−0.003%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on BloFinShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.236%−$24 on $10k
Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.003%, 7d avg −0.002%
Together, before fees−0.202%−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, 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-USDT2,774.50.0174pay 0.0174% / 8h3m 01s$287.2M$193.8M150x
ShortPhemex ETHUSDT2,774.40.0023get 0.0023% / 8h3m 01s$270.3M$68.7M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$31.79
Price spread: −0.003% → −0.002%
−$0.1
Slippage, 4 orders
−$0.08
Fee BloFin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$55.96
Costs to cover
0.241%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; Phemex: 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 BloFin live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$607.2 bp −$7218.9 bp −$4,444
Sell Phemex live order book, 6 min ago0.02 bp6.0 bp −$66.6 bp −$669.7 bp −$96814.6 bp −$7,324

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%43m2,775.8+0.045%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,775.6+0.039%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.448%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776+0.053%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0026%1h2,769.6−0.178%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,776.5+0.071%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.047%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,774.3−0.008%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.4+0.067%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.1−0.017%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDTshort+0.0023%8h2,774.4−0.003%$270.3M$68.7M150x
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.1+0.057%$12.9M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.5−0.001%$55.2M$228.7M40xas long as short
Aster ETHUSDT+0.0032%8h2,774.6+0.001%$256.1M$1.00B200xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,772.8−0.062%$29K$22K20xas long as short
Bullet ETH-USD+0.0034%1h2,775.5+0.035%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4−0.006%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0054%8h2,774.4−0.003%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.3−0.081%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,776.5+0.069%$259.1M$222.1M50xas long as short
Bitget ETHUSDT+0.0066%8h2,774.3−0.010%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,774.5−0.001%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,774.8+0.009%$422.8M$738.7M100xas long as short
Bybit ETHUSDT+0.0087%8h2,774.4−0.003%$2.51B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,774.1−0.016%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,776+0.054%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0091%1h2,776+0.052%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,775.1+0.021%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.8+0.010%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,776.5+0.071%$25.3M$122.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.2+0.059%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.6+0.040%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.1+0.021%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.085%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,776+0.053%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.3+0.028%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.4+0.069%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.185%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.5−0.003%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.216%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.171%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.154%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,774.3−0.008%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.5+0.071%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.2+0.061%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,775+0.016%$974K$13.9M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,776.4+0.067%$8.3M$688.6M4.9xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.104%$42.8M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,774.3−0.009%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6+0.076%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.7+0.042%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,777.9+0.120%$32.6M$12.1M100xas long as short
BloFin ETH-USDTlong+0.0174%8h2,774.5long leg$287.2M$193.8M150x
Hibachi ETH/USDT-P+0.0200%1h2,776.1+0.056%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6+0.037%$7.4M$1.2M25xas long as short