ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.016%

Price spread now: SoDEX against Deribit−0.047%7-day average −0.054% · 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−$16as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.047%, 7d avg −0.054%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETH-PERPETUAL	2,724.3	0.0213	pay 0.0027% / 1h	23m 50s	$259.2M	$207.6M	50x
Short	SoDEX ETH-USD	2,723	0.0100	get 0.0013% / 1h	23m 50s	$54.2M	$187.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$23.73
Price spread: −0.047% → −0.054%: $0.78
Slippage, 4 orders: −$2.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$40.18
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	0.09 bp	4.6 bp −$5	5.3 bp −$53	9.9 bp −$993	22.5 bp −$11.2K
Sell SoDEX live order book, 5 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	6.1 bp −$613	37.1 bp −$18.6K

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
Perpl ETH	−0.0447%	43m	2,721.1	−0.117%	$280K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,721.5	−0.102%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0012%	8h	2,722.5	−0.064%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,722.3	−0.071%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	−0.157%	$813K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,722.5	−0.064%	$31.9M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,721	−0.120%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.263%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,721.4	−0.106%	—	$1.14B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,722.4	−0.069%	$191K	$823K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,720.9	−0.124%	$2.34B	$4.40B	150x	as long as short
SunX ETH-USDT	+0.0067%	8h	2,721.7	−0.093%	$955K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,721.9	−0.085%	$180K	$1.7M	20x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,715.8	−0.311%	$8.6M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,721.1	−0.117%	$374.8M	$577.4M	100x	as long as short
Aftermath Perps ETHUSD	+0.0081%	1h	2,719.7	−0.168%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,721.4	−0.107%	$251.7M	$845.2M	200x	as long as short
MEXC ETH_USDT	+0.0088%	8h	2,721	−0.122%	$1.54B	$2.59B	500x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,720.1	−0.152%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,721.6	−0.098%	$6.30B	$16.08B	150x	as long as short
Phemex ETHUSDT	+0.0091%	8h	2,722.6	−0.063%	$262.4M	$64.9M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0095%	8h	2,720.8	−0.126%	$1.66B	$10.80B	100x	as long as short
Lighter ETH	+0.0096%	1h	2,723.3	−0.036%	$111.8M	$434.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,724.3	+0.001%	$23.4M	$103.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,721.4	−0.105%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,723.1	−0.043%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,721.3	−0.110%	$13.8M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,722.9	−0.050%	$3.08B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,721.3	−0.107%	$31.9M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,720.5	−0.138%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,722	−0.085%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,719	−0.195%	$161.7M	$327.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,721.4	−0.105%	$3.30B	$8.99B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,721	−0.120%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,721.7	−0.095%	$14.9M	$43.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.298%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,715.8	−0.311%	$184.0M	$676.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,720.2	−0.151%	$158.3M	$87.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,720.5	−0.138%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,722.7	−0.057%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,723.6	−0.025%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,722.5	−0.065%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.1	−0.005%	$40.8M	$30.2M	15x	as long as short
SoDEX ETH-USDshort	+0.0100%	1h	2,723	−0.047%	$54.2M	$187.7M	40x
Extended ETH-USD	+0.0104%	1h	2,720.6	−0.133%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,722.4	−0.068%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,724.3	0.000%	$49.6M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,721.8	−0.089%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0152%	8h	2,721.3	−0.109%	$6.7M	$692.8M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,723.7	−0.020%	$82.8M	$312.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,725	+0.028%	$32.0M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0200%	1h	2,721.5	−0.101%	$7.3M	$1.2M	25x	as long as short
Deribit ETH-PERPETUALlong	+0.0213%	1h	2,724.3	long leg	$259.2M	$207.6M	50x
Hibachi ETH/USDT-P	+0.0264%	1h	2,722.1	−0.080%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0356%	8h	2,720.3	−0.144%	$281.1M	$173.9M	150x	as long as short