Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 20:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: Deribit against Coinbase International+0.005%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on Coinbase InternationalShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.005%, 7d avg +0.011%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,788.10.0104pay 0.0013% / 1h17m 38s$60.4M$4.69B50x
ShortDeribit ETH-PERPETUAL2,788.30.0188get 0.0023% / 1h17m 38s$259.1M$223.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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
$17.64
Price spread: +0.005% → +0.011%
−$0.6
Slippage, 4 orders
−$1.82
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$1.77
Costs to cover
0.188%
Break-even
7.7 days
Slippage from Coinbase International: live order book, 2 min ago; Deribit: 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 Coinbase International live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$506.7 bp −$67118.7 bp −$9,327
Sell Deribit live order book, 2 min ago0.09 bp5.2 bp −$56.5 bp −$6513.1 bp −$1,30925.7 bp −$12.9K

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
Perpl ETH−0.0447%43m2,786.7−0.053%$292K$6.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,786.7−0.052%$5K$2K50xas long as short
Phoenix ETH−0.0032%1h2,789.3+0.042%$797K$3.5M25xas long as short
RISEx ETH/USDC−0.0005%1h2,786.9−0.045%$5.8M$12.1M25xas long as short
Phemex ETHUSDT−0.0001%8h2,786.2−0.068%$268.7M$66.5M150xas long as short
dYdX ETH-USD0.0000%1h2,785.7−0.087%$13.5M$44.8M50xas long as short
Injective ETH/USDC PERP+0.0003%1h2,787.8−0.012%$120K$22.5M52xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,786.7−0.050%$22.5M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,786.7−0.052%$175K$1.2M50xas long as short
BingX ETH-USDT+0.0016%8h2,784.4−0.136%—$1.19B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,785−0.112%$1.70B$11.96B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0010%1h2,786.8−0.047%$13.0M—200xas long as short
MEXC ETH_USDT+0.0047%8h2,785.2−0.104%$1.57B$2.60B500xas long as short
Binance ETHUSDT+0.0048%8h2,785.2−0.105%$6.49B$17.28B150xas long as short
Aevo ETH-PERP+0.0048%1h2,784.2−0.141%$5.1M$652K20xas long as short
Gate ETH_USDT+0.0059%8h2,784.7−0.124%$3.31B$9.63B200xas long as short
Aster ETHUSDT+0.0064%8h2,785.2−0.105%$258.0M$1.00B200xas long as short
Aftermath Perps ETHUSD+0.0064%1h2,792+0.140%$29K$22K20xas long as short
Bitget ETHUSDT+0.0074%8h2,785−0.111%$2.10B$3.17B150xas long as short
Bulk ETH-USD+0.0080%1h2,788.7+0.021%$165.6M$263.4M25xas long as short
Lighter ETH+0.0096%1h2,785.9−0.080%$116.2M$521.0M50xas long as short
Lighter RH ETH+0.0096%1h2,787.3−0.029%$25.7M$125.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,787.5−0.024%—$48.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,786.7−0.052%$495K$2.7M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,790+0.066%$16.0M$11.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,786.4−0.064%$17.0M$114.8M50xas long as short
Pacifica ETH+0.0100%1h2,786−0.077%$31.5M$276.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,785.2−0.106%$2.52B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,785.5−0.095%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,788.4+0.009%$2.9M$17.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,785.2−0.105%$429.4M$747.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,786.7−0.051%$15.5M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,789.3+0.041%$141.4M$317.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,788.6+0.017%$178.4M$781.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,786.3−0.067%$162.0M$97.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,786.9−0.045%$10.6M$30.6M100xas long as short
StandX ETH-USD+0.0100%1h2,787.4−0.027%$21.5M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,787.2−0.035%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,788−0.005%$10.9M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,788.4+0.008%$191K$1.8M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,787.4−0.026%$21K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,785.2−0.105%$977K$14.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,786−0.077%$55.5M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,786.6−0.055%$1.09B$1.31B200xas long as short
Extended ETH-USD+0.0104%1h2,784.9−0.116%$31.8M$76.8M50xas long as short
Coinbase International ETH-PERP-INTXlong+0.0104%1h2,788.1long leg$60.4M$4.69B50x
Orderly PERP_ETH_USDC+0.0121%8h2,789.7+0.055%$32.7M$11.5M100xas long as short
Kalshi KXETHPERP+0.0133%8h2,787.1−0.037%$8.6M$666.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,787.8−0.014%$88.9M$337.3M100xas long as short
Derive ETH-PERP+0.0157%1h2,789.2+0.038%$43.2M$29.8M15xas long as short
BloFin ETH-USDT+0.0168%8h2,786.4−0.062%$288.1M$197.3M150xas long as short
Hyperliquid ETH+0.0169%1h2,787.7−0.016%$3.24B$2.37B25xas long as short
Deribit ETH-PERPETUALshort+0.0188%1h2,788.3+0.005%$259.1M$223.3M50x
Reya ETHRUSDPERP+0.0204%1h2,785.3−0.101%$7.5M$992K25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,787.9−0.007%$275K$1.6M20xas long as short