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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% APRpaid last 24h +0.008%
Price spread now: edgeX against Bullet−0.136%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on BulletShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.051%+$5 on $10k
Price spread, last 7 days+0.117%+$12 · spread now −0.136%, 7d avg −0.043%
Together, before fees+0.168%+ Points / potential airdropedgeX: Active · farm board+$17 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: edgeX is 0.093% cheaper against Bullet than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,745.90.0100pay 0.0013% / 1h7m 25s$182K$1.7M20x
ShortedgeX ETHUSDC2,742.20.0100get 0.0050% / 4h2h 07m$181.3M$699.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bullet. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.136% → −0.043%
−$9.27
Slippage, 4 orders
−$6.11
Fee Bullet: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$32.38
Costs to cover
0.231%
Break-even
never at this rate
Slippage from Bullet: live order book, 2 min ago; edgeX: 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 Bullet live order book, 2 min ago0.55 bp5.4 bp −$59.0 bp −$90doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago0.15 bp4.6 bp −$54.6 bp −$464.8 bp −$4836.3 bp −$3,149

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−0.0112%43m2,745.3−0.024%$310K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.1+0.044%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,746.2+0.010%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.3+0.016%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,744.8−0.040%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.3+0.016%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.4+0.018%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,746.2+0.011%$181K$1.0M50xas long as short
BingX ETH-USDC+0.0040%8h2,745.7−0.007%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0052%8h2,745.3−0.023%$1.69B$10.82B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0066%1h2,741.8−0.151%$8.7M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,745.9+0.001%$370.1M$608.7M100xas long as short
HTX ETH-USDT+0.0066%8h2,745.4−0.019%$1.06B$1.19B200xas long as short
Aster ETHUSDT+0.0067%8h2,745.7−0.006%$253.5M$853.6M200xas long as short
Binance ETHUSDT+0.0079%8h2,745.4−0.018%$6.38B$16.06B150xas long as short
MEXC ETH_USDT+0.0080%8h2,745.9−0.001%$1.57B$2.58B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.3−0.060%$4.9M$167K20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,746.3+0.013%$58.9M$4.31B50xas long as short
Gate ETH_USDT+0.0093%8h2,746+0.004%$3.39B$8.94B200xas long as short
Lighter ETH+0.0096%1h2,746.8+0.032%$112.9M$444.8M50xas long as short
Lighter RH ETH+0.0096%1h2,748.3+0.086%$24.8M$107.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.5−0.015%—$34.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749.2+0.122%$16.2M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.5−0.015%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.5+0.020%$13.9M$109.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.4+0.055%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,746.8+0.032%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.3−0.023%$2.46B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.2+0.011%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.5+0.020%$2.8M$16.4M25xas long as short
Bitget ETHUSDT+0.0100%8h2,745.8−0.003%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.90.000%$15.0M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,744.9−0.035%$132.7M$345.6M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,742.2−0.136%$181.3M$699.8M100x
GRVT ETH_USDT_Perp+0.0100%8h2,743.3−0.095%$159.5M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,745.8−0.004%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.2+0.010%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.2+0.011%$10.7M$8.6M50xas long as short
Bullet ETH-USDlong+0.0100%1h2,745.9long leg$182K$1.7M20x
Bluefin ETH-PERP+0.0100%1h2,746.2+0.010%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748+0.078%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.1−0.101%$961K$12.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.1+0.007%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.1+0.007%$267.3M$65.9M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.064%$164.0M$301.0M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,746.6+0.025%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,745.1−0.030%$30.5M$73.1M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,745.4−0.018%$7.8M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0178%8h2,748.7+0.102%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,747+0.042%$258.8M$200.1M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,745−0.033%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0222%1h2,745.6−0.011%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,746.6+0.027%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,746.5+0.020%$88.1M$316.0M100xas long as short