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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 21:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: SoDEX against Coinbase International−0.071%7-day average −0.044% · 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−$21as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on Coinbase InternationalShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.071%, 7d avg −0.044%
Together, before fees−0.002%$0 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: SoDEX is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,764.70.0104pay 0.0013% / 1h35m 42s$60.1M$4.61B50x
ShortSoDEX ETH-USD2,762.70.0100get 0.0013% / 1h35m 42s$55.0M$228.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Coinbase International. 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
−$0.84
Price spread: −0.071% → −0.044%
−$2.69
Slippage, 4 orders
−$0.4
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$21.93
Costs to cover
0.184%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; SoDEX: 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 Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.3 bp −$537.9 bp −$79020.0 bp −$9,990
Sell SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$426.1 bp −$60930.4 bp −$15.2K

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−0.0112%43m2,765.4+0.026%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.052%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,763.9−0.027%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2+0.021%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,764.5−0.005%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767.2+0.092%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,764.6−0.004%$5.8M$11.9M25xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,764.5−0.007%$258.4M$224.5M50xas long as short
dYdX ETH-USD0.0000%1h2,765.6+0.036%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,764−0.024%$22.3M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,764.70.000%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0022%8h2,764.4−0.011%$1.70B$11.82B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,767.6+0.108%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,764.3−0.011%$13.1M—200xas long as short
Phemex ETHUSDT+0.0034%8h2,763.6−0.039%$265.9M$66.0M150xas long as short
Aster ETHUSDT+0.0037%8h2,765+0.014%$255.6M$995.1M200xas long as short
MEXC ETH_USDT+0.0046%8h2,764.9+0.009%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0046%8h2,764.8+0.004%$6.42B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,761.2−0.126%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0062%8h2,764.5−0.005%$3.28B$9.61B200xas long as short
Bitget ETHUSDT+0.0074%8h2,764.7+0.001%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,763.8−0.031%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4+0.026%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,765.6+0.033%$115.2M$511.4M50xas long as short
Lighter RH ETH+0.0096%1h2,766.9+0.082%$25.3M$122.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,765.2+0.020%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,764.9+0.007%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,764.6−0.002%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,764−0.024%$14.7M$116.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,767.4+0.099%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,765.5+0.029%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,764.7+0.003%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.4−0.009%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,767+0.086%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.032%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,764.9+0.010%$424.1M$741.2M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,764−0.025%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,763.9−0.027%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7+0.038%$160.8M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,767.4+0.099%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,765.7+0.037%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,765.7+0.038%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,764.4−0.008%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.6+0.035%$42.5M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,764−0.022%$970K$14.3M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,762.7−0.071%$55.0M$228.6M40x
HTX ETH-USDT+0.0100%8h2,762.8−0.068%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,763.4−0.044%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTXlong+0.0104%1h2,764.7long leg$60.1M$4.61B50x
Kalshi KXETHPERP+0.0120%8h2,765.4+0.027%$8.6M$672.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,765.8+0.040%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,766.7+0.074%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,763.1−0.056%$7.4M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,764.2−0.018%$87.8M$329.7M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,769.3+0.170%$272K$1.5M20xas long as short