ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.007%

Price spread now: Deribit against Bullet+0.048%7-day average +0.047% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Bullet Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.048%, 7d avg +0.047%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,781	0.0040	pay 0.0005% / 1h	39m 34s	$182K	$1.8M	20x
Short	Deribit ETH-PERPETUAL	2,782.4	0.0120	get 0.0015% / 1h	39m 34s	$258.4M	$221.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee BulletbpFee DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $16.83
Price spread: +0.048% → +0.047%: $0.12
Slippage, 4 orders: −$5.56
Fee Bullet: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$3.61
Costs to cover: 0.206%
Break-even: 8.5 days

Slippage from Bullet: live order book, 5 min ago; Deribit: live order book, 5 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 Bullet live order book, 5 min ago	0.18 bp	6.4 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	0.09 bp	4.7 bp −$5	5.4 bp −$54	10.2 bp −$1,015	20.9 bp −$10.4K

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	2,780.3	−0.025%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,777.2	−0.138%	$5.8M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,778	−0.109%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.7	−0.191%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,778	−0.109%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0027%	1h	2,778	−0.108%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,780	−0.038%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,774.2	−0.245%	$885K	$3.7M	25x	as long as short
Phemex ETHUSDT	+0.0004%	8h	2,780.4	−0.024%	$270.4M	$68.5M	150x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,781.8	+0.029%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0015%	8h	2,777.5	−0.127%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0019%	8h	2,777.3	−0.135%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,781.7	+0.023%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,780.3	−0.027%	$257.0M	$989.7M	200x	as long as short
Bullet ETH-USDlong	+0.0040%	1h	2,781	long leg	$182K	$1.8M	20x
Nado ETH-PERP	+0.0050%	1h	2,780.7	−0.012%	$14.3M	$117.8M	50x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,774.9	−0.219%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,777.5	−0.127%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,777.8	−0.116%	$6.45B	$17.10B	150x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,777.4	−0.131%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,777.4	−0.131%	$3.29B	$9.57B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,778.4	−0.096%	$115.1M	$497.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,780.7	−0.010%	$25.5M	$120.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,780.6	−0.015%	—	$41.5M	500x	as long as short
Bybit ETHUSDT	+0.0096%	8h	2,777.4	−0.130%	$2.52B	$4.59B	150x	as long as short
HTX ETH-USDT	+0.0096%	8h	2,781.1	+0.002%	$1.08B	$1.31B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,778.7	−0.083%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,778.1	−0.105%	$482K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,781.3	+0.010%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,778.9	−0.075%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,777.2	−0.137%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,779.4	−0.057%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.011%	$166.9M	$248.1M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,779	−0.074%	$426.4M	$737.7M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,781.5	+0.015%	$15.3M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.7	+0.025%	$135.5M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.9	−0.149%	$180.0M	$778.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.5	−0.161%	$161.5M	$93.1M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,776.6	−0.160%	$8.7M	$32.6M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,780.3	−0.026%	$21.5M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,781.2	+0.006%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,782.2	+0.042%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,781.3	+0.011%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,783.1	+0.074%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,779.6	−0.053%	$975K	$14.0M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,780.8	−0.008%	$55.4M	$228.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776.9	−0.149%	$31.6M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,782.1	+0.039%	$60.3M	$4.60B	50x	as long as short
Hibachi ETH/USDT-P	+0.0112%	1h	2,782	+0.036%	$279K	$1.5M	20x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,781.5	+0.017%	$8.6M	$672.9M	4.9x	as long as short
Deribit ETH-PERPETUALshort	+0.0120%	1h	2,782.4	+0.048%	$258.4M	$221.6M	50x
Orderly PERP_ETH_USDC	+0.0139%	8h	2,783.5	+0.090%	$32.7M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,781.8	+0.029%	$86.3M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0178%	8h	2,779.6	−0.050%	$285.4M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0189%	1h	2,780.7	−0.012%	$7.4M	$1.1M	25x	as long as short