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 01:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.003%
Price spread now: Bulk against Bullet+0.168%7-day average −0.006% · 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−$1as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Long on BulletShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.043%+$4 on $10k
Price spread, last 7 days−0.168%−$17 · spread now +0.168%, 7d avg −0.006%
Together, before fees−0.125%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.174% dearer against Bullet than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,768.20.0020pay 0.0002% / 1h20m 51s$185K$1.7M20x
ShortBulk ETH-USD2,772.80.0100get 0.0013% / 1h20m 51s$170.3M$276.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bullet. 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
$16.8
Price spread: +0.168% → −0.006%
$17.39
Slippage, 4 orders
−$3.68
Fee Bullet: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$15.52
Costs to cover
0.187%
Break-even
0.5 days
Slippage from Bullet: live order book, 3 min ago; Bulk: 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 Bullet live order book, 3 min ago0.36 bp5.8 bp −$69.0 bp −$90doesn't fitdoesn't fit
Sell Bulk live order book, 3 min ago0.02 bp3.5 bp −$43.5 bp −$353.5 bp −$3524.7 bp −$2,368

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.314%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,768.2+0.001%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,768.3+0.002%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.6+0.051%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,768.3+0.004%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.137%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.036%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769+0.029%$22.4M—200xas long as short
Bullet ETH-USDlong+0.0020%1h2,768.2long leg$185K$1.7M20x
OKX ETH-USDT-SWAP+0.0028%8h2,767.9−0.010%$1.71B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0034%1h2,768.7+0.018%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.8+0.023%$12.7M—200xas long as short
Aster ETHUSDT+0.0049%8h2,768.3+0.002%$256.0M$885.2M200xas long as short
Gate ETH_USDT+0.0058%8h2,768.4+0.008%$3.37B$9.04B200xas long as short
Phemex ETHUSDT+0.0062%8h2,768.1−0.004%$269.4M$67.4M150xas long as short
Binance ETHUSDT+0.0062%8h2,768.20.000%$6.48B$16.29B150xas long as short
MEXC ETH_USDT+0.0063%8h2,768.3+0.005%$1.62B$2.64B500xas long as short
Aevo ETH-PERP+0.0064%1h2,768.4+0.006%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,772.5+0.156%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,768−0.006%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770+0.066%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0083%1h2,769+0.029%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,768.2−0.001%$420.1M$619.9M100xas long as short
Lighter ETH+0.0096%1h2,769.3+0.041%$114.9M$458.4M50xas long as short
Lighter RH ETH+0.0096%1h2,769.8+0.057%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,770.3+0.076%$259.1M$204.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.6+0.086%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6+0.014%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768−0.005%$14.6M$113.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.2+0.072%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,768.7+0.018%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.5+0.009%$2.51B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.3−0.033%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8+0.020%$2.8M$16.9M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,772.8+0.168%$170.3M$276.6M25x
BingX ETH-USDT+0.0100%8h2,768.5+0.009%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1−0.003%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.013%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.132%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.273%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.124%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,770.8+0.094%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.5+0.011%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.9+0.024%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.7+0.092%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.5+0.009%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.3+0.003%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,768.1−0.003%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.8+0.056%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,769.8+0.058%$8.1M$679.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.3+0.076%$95.9M$319.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.101%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,771.3+0.110%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.018%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,768.3+0.003%$7.3M$1.1M25xas long as short