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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 10:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: Pacifica against dYdX+0.010%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on dYdXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 7 days+0.014%+$1 · spread now +0.010%, 7d avg +0.017%
Together, before fees−0.105%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,7430.0056pay 0.0007% / 1h22m 01s$14.8M$43.1M50x
ShortPacifica ETH2,743.30.0100get 0.0013% / 1h22m 01s$32.2M$326.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$9.34
Price spread: +0.010% → +0.017%
−$0.71
Slippage, 4 orders
−$5.11
Fee dYdX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$14.48
Costs to cover
0.231%
Break-even
17.9 days
Slippage from dYdX: live order book, 10 min ago; Pacifica: live order book, 5 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, 10 min ago2.37 bp7.4 bp −$78.4 bp −$8410.8 bp −$1,08247.4 bp −$23.7K
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0088%1h2,740.5−0.092%$234K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740−0.111%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0069%1h2,740.4−0.098%$8.3M$29.8M100xas long as short
Bybit ETHUSDT−0.0035%8h2,743.1+0.001%$2.36B$3.96B150xas long as short
Phoenix ETH−0.0023%1h2,739.6−0.125%$805K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4+0.051%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,742.4−0.023%$7.0M$663.8M4.9xas long as short
Perpl ETH0.0000%43m2,743.8+0.029%$271K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,744.4+0.051%$33.1M—200xas long as short
Gate ETH_USDT+0.0044%8h2,743.8+0.026%$3.26B$7.86B200xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,745+0.071%$195K$948K50xas long as short
dYdX ETH-USDlong+0.0056%1h2,743long leg$14.8M$43.1M50x
OKX ETH-USDT-SWAP+0.0067%8h2,742.7−0.014%$1.67B$9.63B100xas long as short
Aster ETHUSDT+0.0072%8h2,743.5+0.016%$256.3M$746.1M200xas long as short
MEXC ETH_USDT+0.0078%8h2,743.7+0.025%$1.58B$2.51B500xas long as short
Binance ETHUSDT+0.0079%8h2,743.7+0.025%$6.39B$14.68B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,744.4+0.048%$82.2M$283.1M100xas long as short
Aevo ETH-PERP+0.0080%1h2,741.8−0.046%$4.9M$208K20xas long as short
KuCoin ETHUSDTM+0.0082%8h2,744.2+0.041%$365.8M$461.1M100xas long as short
Aftermath Perps ETHUSD+0.0088%1h2,740.3−0.101%$30K$8K20xas long as short
SoDEX ETH-USD+0.0094%1h2,743.7+0.024%$61.8M$121.8M40xas long as short
Lighter ETH+0.0096%1h2,744.1+0.040%$114.0M$389.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.083%$23.7M$98.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.4−0.059%—$23.9M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.7+0.024%$507K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1−0.034%$14.5M$97.8M50xas long as short
Pacifica ETHshort+0.0100%1h2,743.3+0.010%$32.2M$326.0M50x
Ondo Perps ETH-USD.P+0.0100%1h2,742.3−0.027%$2.8M$14.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,744+0.034%$1.5M$14.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.089%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,743.5+0.017%$2.11B$2.41B150xas long as short
BingX ETH-USDT+0.0100%8h2,743.3+0.011%—$960.0M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.1+0.004%$14.9M$37.3M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.167%$132.1M$303.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.164%$185.9M$632.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,741.5−0.057%$159.4M$75.0M50xas long as short
StandX ETH-USD+0.0100%1h2,739.9−0.115%$21.0M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,745+0.070%—$365K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.2+0.115%$11.3M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,744.4+0.051%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,744.6+0.056%$947K$9.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,744+0.035%$1.05B$1.10B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.9+0.033%$264.0M$57.9M150xas long as short
Extended ETH-USD+0.0104%1h2,743−0.001%$30.4M$67.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,744.9+0.069%$45.6M$3.95B50xas long as short
BloFin ETH-USDT+0.0108%8h2,740.2−0.102%$282.7M$158.1M150xas long as short
Hyperliquid ETH+0.0114%1h2,746.9+0.141%$3.15B$1.77B25xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,745+0.072%$267.3M$195.2M50xas long as short
Reya ETHRUSDPERP+0.0161%1h2,743.7+0.026%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,745.3+0.081%$5.6M$10.8M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,746.4+0.121%$32.4M$10.1M100xas long as short
Paradex ETH-USD-PERP+0.0267%8h2,747.5+0.162%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,743.6+0.020%$118K$23.4M52xas long as short
Bluefin ETH-PERP+0.1169%1h2,744.6+0.058%$20K$15K25xas long as short