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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: SoDEX against Bulk+0.239%7-day average −0.036% · 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+$12as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on BulkShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.024%−$2 on $10k
Price spread, last 3 days (all we have)−0.231%−$23 · spread now +0.239%, 7d avg −0.036%
Together, before fees−0.255%−$26 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: SoDEX is 0.275% dearer against Bulk than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ETH-USD2,743.90.0100pay 0.0013% / 1h30m 24s$165.5M$306.7M25x
ShortSoDEX ETH-USD2,750.50.0100get 0.0013% / 1h30m 24s$54.8M$187.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.239% → −0.036%
$27.49
Slippage, 4 orders
−$0.4
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$12.09
Costs to cover
0.154%
Break-even
from the start
Slippage from Bulk: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago0.02 bp3.5 bp −$43.5 bp −$353.9 bp −$3935.6 bp −$2,798
Sell SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$57235.1 bp −$17.6K

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%43m2,749.7+0.208%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.3+0.196%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.227%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9+0.036%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750+0.220%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.090%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748+0.149%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,750.2+0.227%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,750.4+0.236%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,750.2+0.229%—$1.19B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0044%8h2,747.9+0.144%$1.07B$1.21B200xas long as short
OKX ETH-USDT-SWAP+0.0044%8h2,750.7+0.247%$1.69B$11.03B100xas long as short
Aster ETHUSDT+0.0063%8h2,750+0.220%$253.0M$859.0M200xas long as short
MEXC ETH_USDT+0.0072%8h2,749.8+0.214%$1.56B$2.56B500xas long as short
Aevo ETH-PERP+0.0072%1h2,748.3+0.161%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,749.8+0.215%$381.5M$605.9M100xas long as short
Binance ETHUSDT+0.0074%8h2,750.2+0.228%$6.36B$16.23B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.8+0.176%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0091%8h2,750.6+0.243%$2.08B$2.85B150xas long as short
Gate ETH_USDT+0.0095%8h2,750.3+0.234%$3.40B$8.86B200xas long as short
Lighter ETH+0.0096%1h2,748.7+0.172%$112.8M$442.2M50xas long as short
Lighter RH ETH+0.0096%1h2,750.2+0.227%$24.9M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.7+0.175%—$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.3+0.343%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.2+0.192%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.5+0.166%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,752.1+0.298%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,749.7+0.210%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750.6+0.241%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748+0.148%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.239%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.5+0.130%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4+0.128%$133.1M$346.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4+0.016%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8+0.068%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,749+0.185%$21.3M$67.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.6+0.207%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.7+0.210%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,750.6+0.244%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.9+0.289%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,749+0.184%$963K$12.4M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,750.5+0.239%$54.8M$187.6M40x
Phemex ETHUSDT+0.0100%8h2,748.1+0.151%$267.1M$66.5M150xas long as short
Bulk ETH-USDlong+0.0100%1h2,743.9long leg$165.5M$306.7M25x
Vest ETH-PERP+0.0100%1h2,750.4+0.237%—$869K50xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,747.3+0.123%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,749.6+0.205%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,748.9+0.181%$7.8M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,752.9+0.328%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,750.7+0.247%$250K$1.5M20xas long as short
Deribit ETH-PERPETUAL+0.0201%1h2,752+0.295%$258.5M$200.4M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.159%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.4+0.201%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751.7+0.282%$90.0M$316.5M100xas long as short