ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Deribit+0.017%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.017%, 7d avg −0.022%

Together, before fees+0.190%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.039% dearer against Deribit than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.009% in total) that is about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETH-PERPETUAL	2,745.9	0.0154	pay 0.0019% / 1h	20m 05s	$259.8M	$196.4M	50x
Short	Pacifica ETH	2,746.4	0.0100	get 0.0013% / 1h	20m 05s	$31.7M	$334.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee DeribitbpFee PacificabpOrdersPrice spread, now +0.017%Rate

Funding earned: −$11.34
Price spread: +0.017% → −0.022%: $3.87
Slippage, 4 orders: −$1.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.73
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; Pacifica: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 4 min ago	0.09 bp	4.0 bp −$4	4.9 bp −$49	9.7 bp −$966	17.0 bp −$8,503
Sell Pacifica live order book, 4 min ago	0.18 bp	4.2 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,746.5	+0.021%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,742.7	−0.118%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,745.2	−0.028%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,747.5	+0.055%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,746.2	+0.008%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,745.2	−0.028%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,742.3	−0.132%	$847K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,746	+0.003%	$182K	$863K	50x	as long as short
ApeX Omni ETHUSDT	+0.0041%	1h	2,744	−0.069%	$8.8M	$30.8M	100x	as long as short
BingX ETH-USDT	+0.0053%	8h	2,744.5	−0.052%	—	$1.15B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0066%	8h	2,744	−0.069%	$1.70B	$10.55B	100x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,744.5	−0.052%	$381.7M	$576.2M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,744.6	−0.047%	$183K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,745.6	−0.013%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,745	−0.034%	$253.3M	$841.1M	200x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,744	−0.069%	$1.56B	$2.55B	500x	as long as short
SoDEX ETH-USD	+0.0096%	1h	2,744.2	−0.063%	$54.7M	$187.6M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,744.5	−0.051%	$112.9M	$435.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745.8	−0.004%	$24.6M	$104.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.7	+0.028%	—	$30.5M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,742.3	−0.133%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,745.9	−0.001%	$58.2M	$4.25B	50x	as long as short
Binance ETHUSDT	+0.0097%	8h	2,744.4	−0.058%	$6.38B	$15.66B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.7	+0.175%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,745.3	−0.023%	$469K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,745	−0.034%	$13.9M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,746.8	+0.032%	$3.12B	$2.06B	25x	as long as short
Pacifica ETHshort	+0.0100%	1h	2,746.4	+0.017%	$31.7M	$334.4M	50x
Bybit ETHUSDT	+0.0100%	8h	2,744.5	−0.052%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.3	−0.023%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746	+0.002%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.132%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,744.8	−0.043%	$3.39B	$8.75B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744.6	−0.049%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744	−0.071%	$15.0M	$39.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,745.8	−0.005%	$133.3M	$326.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,741	−0.180%	$182.2M	$672.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.9	−0.038%	$159.6M	$83.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,747.9	+0.072%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,746.1	+0.006%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,746.1	+0.006%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,746.2	+0.009%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,745.3	−0.024%	$963K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,744.6	−0.048%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.3	−0.059%	$266.8M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.5	−0.087%	$30.6M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0126%	1h	2,745	−0.035%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUALlong	+0.0154%	1h	2,745.9	long leg	$259.8M	$196.4M	50x
Kalshi KXETHPERP	+0.0160%	8h	2,746.1	+0.006%	$7.8M	$669.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,746.7	+0.028%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,745.2	−0.026%	$86.7M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,744.3	−0.060%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,747.4	+0.055%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0326%	8h	2,745.7	−0.007%	$285.1M	$181.1M	150x	as long as short
Bluefin ETH-PERP	+0.0348%	1h	2,772.8	+0.978%	$21K	$20K	25x	as long as short