ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: Coinbase International against dYdX+0.095%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.095%, 7d avg +0.013%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.081% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,746	0	get 0.0000% / 1h	16m 50s	$10.8M	$41.7M	50x
Short	Coinbase International ETH-PERP-INTX	2,748.6	0.0096	get 0.0012% / 1h	16m 50s	$57.9M	$4.26B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.095%Rate

Funding earned: $20.16
Price spread: +0.095% → +0.013%: $8.13
Slippage, 4 orders: −$2.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $6.07
Costs to cover: 0.222%
Break-even: 4.9 days

Slippage from dYdX: live order book, 2 min ago; Coinbase International: live order book, 2 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 dYdX live order book, 2 min ago	0.18 bp	5.9 bp −$6	6.6 bp −$66	10.5 bp −$1,051	51.7 bp −$25.8K
Sell Coinbase International live order book, 2 min ago	0.02 bp	5.0 bp −$5	5.7 bp −$57	11.7 bp −$1,172	24.4 bp −$12.2K

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	2,747	+0.038%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,746.8	+0.031%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,746.9	+0.032%	$12.1M	—	200x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,746	long leg	$10.8M	$41.7M	50x
Perpl ETH	0.0000%	43m	2,746.3	+0.012%	$305K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,746.9	+0.033%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,747	+0.038%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,746.9	+0.034%	$182K	$849K	50x	as long as short
ApeX Omni ETHUSDT	+0.0033%	1h	2,747.3	+0.048%	$8.9M	$30.7M	100x	as long as short
BingX ETH-USDT	+0.0053%	8h	2,745.7	−0.011%	—	$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	2,745.9	−0.002%	$1.70B	$10.56B	100x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,746.2	+0.010%	$382.1M	$575.5M	100x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,746.5	+0.019%	$184K	$1.7M	20x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,746.9	+0.033%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,745.8	−0.004%	$254.1M	$840.9M	200x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,746.1	+0.005%	$54.7M	$187.6M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,746.1	+0.005%	$113.0M	$435.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.3	+0.048%	$24.6M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746.8	+0.030%	—	$30.5M	500x	as long as short
MEXC ETH_USDT	+0.0096%	8h	2,745.7	−0.010%	$1.56B	$2.55B	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,743.7	−0.083%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0096%	1h	2,748.6	+0.095%	$57.9M	$4.26B	50x
Binance ETHUSDT	+0.0096%	8h	2,745.7	−0.010%	$6.38B	$15.67B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,751	+0.184%	$16.1M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,746.4	+0.016%	$468K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,746.1	+0.007%	$13.9M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.2	+0.080%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.4	+0.016%	$31.7M	$334.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,745.8	−0.005%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.1	−0.031%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,746.9	+0.033%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.3	−0.133%	$165.2M	$299.1M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,745.7	−0.008%	$3.39B	$8.76B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,745.7	−0.010%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,746	0.000%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,745.8	−0.006%	$133.3M	$326.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,744.5	−0.052%	$182.4M	$673.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,746.6	+0.024%	$159.7M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746.7	+0.027%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,747.1	+0.042%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,747.4	+0.052%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,747.8	+0.068%	$41.6M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,746	+0.001%	$962K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,745.8	−0.007%	$1.06B	$1.17B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,746.2	+0.007%	$266.9M	$64.8M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,744.8	−0.041%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0129%	1h	2,745.7	−0.010%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0160%	8h	2,747	+0.038%	$7.8M	$669.8M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0187%	1h	2,747.7	+0.063%	$259.8M	$196.1M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,748.3	+0.086%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,746.8	+0.029%	$86.6M	$310.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,745.6	−0.012%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,746.6	+0.023%	$252K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0290%	8h	2,746.1	+0.005%	$286.1M	$181.2M	150x	as long as short
Bluefin ETH-PERP	+0.0529%	1h	2,746.3	+0.013%	$21K	$20K	25x	as long as short