ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.035%

Price spread now: SunX against BloFin−0.064%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.064%, 7d avg −0.019%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETH-USDT	2,778	0.0176	pay 0.0176% / 8h	1h 42m	$285.6M	$194.6M	150x
Short	SunX ETH-USDT	2,776.2	0.0100	get 0.0100% / 8h	1h 42m	$975K	$14.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BloFinbpFee SunXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$15.99
Price spread: −0.064% → −0.019%: −$4.42
Slippage, 4 orders: −$3.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.66
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 6 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.2 bp −$721	9.7 bp −$4,836
Sell SunX live order book, 6 min ago	0.04 bp	4.0 bp −$4	4.4 bp −$44	6.9 bp −$690	9.0 bp −$4,513

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,776.6	−0.050%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.4	−0.019%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778.1	+0.005%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.7	−0.081%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,778	+0.001%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0020%	1h	2,775	−0.108%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.3	−0.024%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,774.2	−0.135%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.5	−0.017%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0012%	8h	2,777	−0.034%	$267.4M	$65.7M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0017%	8h	2,780	+0.075%	—	$17.3M	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,781	+0.109%	$1.71B	$11.84B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.3	−0.024%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0033%	8h	2,778.5	+0.021%	$256.8M	$989.8M	200x	as long as short
Bullet ETH-USD	+0.0036%	1h	2,776.4	−0.055%	$182K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0041%	1h	2,777.6	−0.013%	$14.3M	$117.8M	50x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,780.8	+0.103%	$1.62B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.6	−0.121%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0056%	8h	2,780.5	+0.091%	$6.46B	$17.11B	150x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,781	+0.108%	$2.11B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0081%	1h	2,778.8	+0.029%	$258.4M	$221.6M	50x	as long as short
Gate ETH_USDT	+0.0082%	8h	2,781	+0.109%	$3.29B	$9.56B	200x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,777.4	−0.020%	$1.08B	$1.31B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,777.9	−0.004%	$115.3M	$496.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.2	+0.043%	$25.4M	$120.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,777.4	−0.019%	—	$41.3M	500x	as long as short
Hibachi ETH/USDT-P	+0.0096%	1h	2,778.5	+0.020%	$287K	$1.5M	20x	as long as short
Bybit ETHUSDT	+0.0098%	8h	2,780.8	+0.104%	$2.52B	$4.60B	150x	as long as short
SoDEX ETH-USD	+0.0098%	1h	2,777.1	−0.031%	$55.3M	$228.7M	40x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,778.2	+0.008%	$16.0M	$10.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,777.7	−0.009%	$483K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,780.9	+0.106%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778	0.000%	$31.3M	$295.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.7	−0.045%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.4	+0.052%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.265%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,780.8	+0.102%	$426.4M	$737.6M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,778.8	+0.028%	$15.2M	$44.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,773.8	−0.149%	$135.8M	$327.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,775.5	−0.087%	$179.9M	$780.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.5	−0.051%	$161.5M	$93.1M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.6	−0.050%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,776.2	−0.063%	$21.4M	$57.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779	+0.037%	$10.8M	$7.7M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.3	+0.048%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDTshort	+0.0100%	8h	2,776.2	−0.064%	$975K	$14.0M	100x
Vest ETH-PERP	+0.0100%	1h	2,777.9	−0.002%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,780.2	+0.081%	$31.4M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778.7	+0.027%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,778.2	+0.009%	$8.6M	$672.9M	4.9x	as long as short
Bluefin ETH-PERP	+0.0125%	1h	2,777.6	−0.013%	$21K	$24K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0139%	8h	2,779.4	+0.051%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.5	+0.020%	$86.2M	$330.4M	100x	as long as short
BloFin ETH-USDTlong	+0.0176%	8h	2,778	long leg	$285.6M	$194.6M	150x
Reya ETHRUSDPERP	+0.0188%	1h	2,777.3	−0.024%	$7.4M	$1.1M	25x	as long as short