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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 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.009%
Price spread now: Hyperliquid against dYdX+0.033%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Long on dYdXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.033%, 7d avg +0.042%
Together, before fees−0.200%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,777.50get 0.0000% / 1h36m 54s$12.7M$45.9M50x
ShortHyperliquid ETH2,778.40.0100get 0.0013% / 1h36m 54s$3.20B$2.35B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$21
Price spread: +0.033% → +0.042%
−$0.88
Slippage, 4 orders
−$6.29
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.17
Costs to cover
0.253%
Break-even
8.7 days
Slippage from dYdX: live order book, 2 min ago; Hyperliquid: live order book, 7 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 dYdX live order book, 2 min ago0.18 bp5.4 bp −$55.8 bp −$589.6 bp −$96424.3 bp −$12.2K
Sell Hyperliquid live order book, 7 min ago0.18 bp4.7 bp −$54.7 bp −$476.0 bp −$5987.9 bp −$3,947

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%43m2,776.9−0.020%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,777.2−0.010%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.159%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.2−0.010%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0074%1h2,776.7−0.030%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,777.7+0.008%$169K$1.2M50xas long as short
dYdX ETH-USDlong0.0000%1h2,777.5long leg$12.7M$45.9M50x
Phoenix ETH+0.0003%1h2,778.6+0.040%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.1−0.015%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,780.1+0.095%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,776−0.055%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,776−0.054%$1.70B$11.89B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,777−0.018%$12.9M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,776.1−0.049%$270.6M$68.9M150xas long as short
Deribit ETH-PERPETUAL+0.0038%1h2,777.6+0.004%$259.0M$223.0M50xas long as short
Aster ETHUSDT+0.0038%8h2,776.1−0.051%$257.0M$1.00B200xas long as short
Bullet ETH-USD+0.0052%1h2,776.4−0.038%$183K$1.7M20xas long as short
SoDEX ETH-USD+0.0060%1h2,775.9−0.057%$55.3M$229.1M40xas long as short
Aevo ETH-PERP+0.0064%1h2,774−0.124%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0066%8h2,775.8−0.060%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0066%8h2,775.8−0.059%$6.46B$17.31B150xas long as short
Bitget ETHUSDT+0.0067%8h2,776.1−0.049%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0070%8h2,776−0.052%$3.30B$9.63B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,776−0.053%$422.0M$740.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.2−0.010%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,776.1−0.050%$2.51B$4.64B150xas long as short
HTX ETH-USDT+0.0093%8h2,776.2−0.046%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0095%1h2,777.5+0.001%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,776.5−0.034%$115.9M$497.1M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.024%$25.3M$121.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.2+0.025%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.4−0.038%$16.0M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777−0.017%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,777−0.015%$14.4M$118.2M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,778.4+0.033%$3.20B$2.35B25x
Pacifica ETH+0.0100%1h2,777.2−0.012%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.5−0.035%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.4+0.034%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.014%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.3−0.042%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,780.2+0.098%$147.6M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.7−0.026%$182.3M$783.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.2+0.099%$161.6M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,779.8+0.084%$21.5M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.3−0.006%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.5+0.002%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.7+0.046%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.7−0.027%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,775.5−0.069%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0119%8h2,778.1+0.022%$8.3M$685.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,777.1−0.013%$86.6M$333.9M100xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,778.8+0.048%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,776.1−0.050%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0200%1h2,776.6−0.033%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,778.3+0.031%$253K$1.6M20xas long as short