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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Arcus against Bulk+0.200%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$5as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Long on BulkShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.190%−$19 · spread now +0.200%, 7d avg +0.016%
Together, before fees−0.186%−$19 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: Arcus is 0.185% dearer against Bulk than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,742.30.0100pay 0.0013% / 1h22m 30s$165.2M$299.1M25x
ShortArcus ETH-USD2,747.80.0100get 0.0013% / 1h22m 30s$2.7M$16.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bulk. 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: +0.200% → +0.016%
$18.47
Slippage, 4 orders
−$1.7
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$5.28
Costs to cover
0.132%
Break-even
from the start
Slippage from Bulk: live order book, 2 min ago; Arcus: live order book, 2 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 Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.5 bp −$3524.4 bp −$2,204
Sell Arcus live order book, 2 min ago0.02 bp3.9 bp −$44.0 bp −$405.1 bp −$513doesn't fit

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
Hotstuff ETH-PERP−0.0080%1h2,744.9+0.095%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7+0.015%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,745.1+0.102%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,746+0.133%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,747.1+0.176%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,748+0.209%$25.0M—200xas long as short
Phoenix ETH+0.0017%1h2,742.30.000%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.9+0.204%$182K$863K50xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,742.2−0.003%$8.8M$30.8M100xas long as short
BingX ETH-USDT+0.0051%8h2,747.5+0.190%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,747.8+0.199%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,748+0.206%$382.6M$577.8M100xas long as short
Bullet ETH-USD+0.0075%1h2,747.5+0.190%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,747.9+0.205%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,747.4+0.184%$253.5M$841.2M200xas long as short
MEXC ETH_USDT+0.0094%8h2,747+0.172%$1.56B$2.55B500xas long as short
Binance ETHUSDT+0.0095%8h2,747.5+0.190%$6.39B$15.66B150xas long as short
Lighter ETH+0.0096%1h2,746.3+0.145%$112.8M$434.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.7+0.195%$24.7M$104.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.4+0.111%—$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,743.2+0.032%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.7+0.159%$58.4M$4.25B50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.3+0.327%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2+0.179%$471K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.5+0.189%$13.9M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.1+0.285%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.6+0.193%$31.7M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.7+0.198%$2.46B$4.16B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745+0.098%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,747.8+0.200%$2.7M$16.1M25x
Bulk ETH-USDlong+0.0100%1h2,742.3long leg$165.2M$299.1M25x
Gate ETH_USDT+0.0100%8h2,747.8+0.202%$3.39B$8.75B200xas long as short
Bitget ETHUSDT+0.0100%8h2,748+0.207%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.3+0.073%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,740−0.084%$132.7M$328.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,741−0.048%$182.2M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.9−0.123%$159.3M$84.0M50xas long as short
StandX ETH-USD+0.0100%1h2,745.1+0.102%$21.2M$67.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.8+0.202%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.7+0.233%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.155%$41.5M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,744+0.062%$963K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.9+0.095%$54.7M$187.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,744.8+0.091%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,744.9+0.096%$266.9M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,746.7+0.159%$30.6M$71.9M50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,744.1+0.066%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,745.1+0.102%$7.5M$669.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0192%8h2,747.4+0.187%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.136%$86.7M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,747.2+0.180%$7.3M$1.1M25xas long as short
Deribit ETH-PERPETUAL+0.0238%1h2,746.7+0.159%$259.8M$196.9M50xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,746+0.135%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0299%1h2,744.8+0.093%$21K$20K25xas long as short
BloFin ETH-USDT+0.0346%8h2,744.6+0.085%$285.8M$181.2M150xas long as short