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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 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Arcus against Deribit+0.015%7-day average −0.009% · 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−$12as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Long on DeribitShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.015%+$1 on $10k
Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.015%, 7d avg −0.009%
Together, before fees+0.072%+$7 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: Arcus is 0.024% dearer against Deribit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,737.50.0101pay 0.0013% / 1h31m 21s$260.2M$196.6M50x
ShortArcus ETH-USD2,737.90.0100get 0.0013% / 1h31m 21s$1.6M$16.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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
−$0.21
Price spread: +0.015% → −0.009%
$2.41
Slippage, 4 orders
−$2.63
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$11.93
Costs to cover
0.141%
Break-even
never at this rate
Slippage from Deribit: live order book, 3 min ago; Arcus: 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 Deribit live order book, 3 min ago0.73 bp4.5 bp −$45.2 bp −$5210.0 bp −$1,00132.6 bp −$16.3K
Sell Arcus live order book, 3 min ago0.22 bp2.8 bp −$33.4 bp −$345.1 bp −$506doesn'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
Perpl ETH−0.0447%43m2,736.5−0.035%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.241%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.9−0.059%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.5−0.001%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.5+0.001%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.7+0.007%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,736.5−0.037%$830K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,737−0.019%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.50.000%$28.1M—200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.167%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0056%8h2,737−0.020%—$1.14B—as long as short
HTX ETH-USDT+0.0063%8h2,735−0.092%$1.06B$1.19B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,737.1−0.016%$380.4M$575.1M100xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,736.7−0.030%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0071%8h2,736.2−0.050%$265.9M$65.4M150xas long as short
Bybit ETHUSDT+0.0071%8h2,736.6−0.033%$2.39B$4.35B150xas long as short
SoDEX ETH-USD+0.0072%1h2,736.1−0.052%$54.5M$187.7M40xas long as short
Aster ETHUSDT+0.0084%8h2,737.1−0.015%$251.1M$844.0M200xas long as short
MEXC ETH_USDT+0.0088%8h2,737.3−0.007%$1.53B$2.56B500xas long as short
Aevo ETH-PERP+0.0088%1h2,733.3−0.154%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,737−0.018%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,737.8+0.012%$113.2M$438.5M50xas long as short
Lighter RH ETH+0.0096%1h2,739+0.054%$23.4M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.9+0.014%—$30.8M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,741.3+0.137%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,737.9+0.015%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.2−0.011%$501K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.3−0.007%$13.8M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.8+0.084%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.3+0.030%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.4−0.041%$2.7M$17.0M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,737.9+0.015%$1.6M$16.3M25x
Bulk ETH-USD+0.0100%1h2,728.7−0.323%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.1−0.015%$3.35B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.3−0.007%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.4−0.042%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.6−0.400%$133.1M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.287%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3−0.264%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,735.6−0.070%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.9+0.013%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.9+0.051%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.5−0.001%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.6+0.005%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.1−0.087%$958K$11.4M100xas long as short
Deribit ETH-PERPETUALlong+0.0101%1h2,737.5long leg$260.2M$196.6M50x
Extended ETH-USD+0.0104%1h2,736.5−0.037%$30.3M$72.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.7+0.008%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,733.5−0.148%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0145%8h2,736−0.055%$6.6M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,739.4+0.069%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,736.4−0.040%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737−0.019%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,734.9−0.094%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,734−0.128%$283.4M$175.7M150xas long as short