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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 03:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.008%
Price spread now: SunX against Bullet−0.017%7-day average −0.014% · 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−$22as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Long on BulletShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.017%, 7d avg −0.014%
Together, before fees−0.127%−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,746.30.0073pay 0.0009% / 1h15m 16s$183K$1.7M20x
ShortSunX ETH-USDT2,745.90.0100get 0.0100% / 8h5h 15m$962K$11.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$5.73
Price spread: −0.017% → −0.014%
−$0.28
Slippage, 4 orders
−$6.17
Fee Bullet: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.72
Costs to cover
0.222%
Break-even
27.4 days
Slippage from Bullet: live order book, 4 min ago; SunX: 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 Bullet live order book, 4 min ago0.18 bp6.8 bp −$79.6 bp −$96doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago0.20 bp4.2 bp −$45.2 bp −$527.6 bp −$759doesn'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%1h2,747.4+0.039%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8+0.017%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.8+0.017%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.4+0.039%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.6+0.010%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,746.8+0.019%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747+0.025%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.4+0.003%$182K$849K50xas long as short
ApeX Omni ETHUSDT+0.0042%1h2,745.9−0.014%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0053%8h2,746.5+0.006%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,746.5+0.006%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.1−0.008%$382.1M$575.4M100xas long as short
Bullet ETH-USDlong+0.0073%1h2,746.3long leg$183K$1.7M20x
RISEx ETH/USDC+0.0077%1h2,746.6+0.011%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,746.4+0.002%$254.1M$841.0M200xas long as short
SoDEX ETH-USD+0.0094%1h2,746.6+0.010%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,746.1−0.007%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,747.7+0.050%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.039%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,746.30.000%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,746.5+0.005%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.9+0.095%$58.0M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.30.000%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.1+0.175%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.1−0.008%$469K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.9−0.014%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.4+0.076%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.014%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6+0.008%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746−0.012%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.5+0.005%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.146%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.6+0.009%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.8+0.016%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.6+0.011%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.010%$133.5M$325.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.6−0.027%$182.5M$673.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.7+0.012%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9+0.021%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.025%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.032%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,748.3+0.072%$41.6M$29.6M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,745.9−0.017%$962K$11.5M100x
HTX ETH-USDT+0.0100%8h2,746.7+0.013%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747+0.025%$267.0M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.9−0.017%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0130%1h2,746.2−0.005%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747.1+0.028%$7.8M$669.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0190%1h2,748.3+0.072%$259.8M$195.9M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,748.8+0.090%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.7+0.051%$86.7M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.5−0.031%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747.8+0.055%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0290%8h2,746.1−0.008%$286.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0479%1h2,746.7+0.015%$21K$20K25xas long as short