Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Deribit against Extended+0.097%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Long on ExtendedShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 3 days (all we have)−0.225%−$22 · spread now +0.097%, 7d avg +0.075%
Together, before fees−0.274%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.022% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,783.20.0104pay 0.0013% / 1h17m 08s$31.8M$76.8M50x
ShortDeribit ETH-PERPETUAL2,7860.0131get 0.0016% / 1h17m 08s$259.0M$223.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.67
Price spread: +0.097% → +0.075%
$2.2
Slippage, 4 orders
−$2.14
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$6.27
Costs to cover
0.141%
Break-even
14.7 days
Slippage from Extended: live order book, 2 min ago; Deribit: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$275.5 bp −$54713.0 bp −$6,492
Sell Deribit live order book, 2 min ago0.09 bp5.2 bp −$56.5 bp −$6513.1 bp −$1,30925.7 bp −$12.9K

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%43m2,785.2+0.071%$292K$6.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,786.7+0.124%$5K$2K50xas long as short
Phoenix ETH−0.0032%1h2,785.7+0.088%$796K$3.5M25xas long as short
RISEx ETH/USDC−0.0005%1h2,786.2+0.105%$5.8M$12.1M25xas long as short
dYdX ETH-USD0.0000%1h2,785.7+0.089%$13.5M$44.8M50xas long as short
Phemex ETHUSDT+0.0002%8h2,784.3+0.039%$268.5M$66.5M150xas long as short
Injective ETH/USDC PERP+0.0003%1h2,787.8+0.164%$120K$22.5M52xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,785.2+0.071%$22.5M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,785.7+0.088%$175K$1.2M50xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,784.1+0.029%$1.70B$11.96B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0010%1h2,785.2+0.071%$13.0M—200xas long as short
MEXC ETH_USDT+0.0047%8h2,783.8+0.019%$1.57B$2.60B500xas long as short
Binance ETHUSDT+0.0048%8h2,783.8+0.018%$6.48B$17.28B150xas long as short
Aevo ETH-PERP+0.0048%1h2,781.7−0.057%$5.0M$652K20xas long as short
Gate ETH_USDT+0.0060%8h2,784.6+0.050%$3.31B$9.63B200xas long as short
Aster ETHUSDT+0.0064%8h2,784+0.027%$257.9M$1.00B200xas long as short
Aftermath Perps ETHUSD+0.0064%1h2,792+0.316%$29K$22K20xas long as short
Bitget ETHUSDT+0.0073%8h2,784.2+0.036%$2.10B$3.17B150xas long as short
Bulk ETH-USD+0.0080%1h2,788.7+0.197%$165.6M$263.4M25xas long as short
Lighter ETH+0.0096%1h2,784.4+0.042%$116.1M$521.1M50xas long as short
Lighter RH ETH+0.0096%1h2,785.8+0.091%$25.6M$125.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,786.5+0.118%—$48.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,786.2+0.106%$495K$2.7M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,790+0.242%$16.0M$11.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,785.3+0.074%$16.9M$114.8M50xas long as short
Pacifica ETH+0.0100%1h2,786+0.099%$31.5M$276.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,783.8+0.018%$2.52B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,785.3+0.074%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,787.5+0.153%$2.9M$17.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,783.8+0.021%$429.2M$747.7M100xas long as short
BingX ETH-USDC+0.0100%8h2,784.4+0.041%—$17.2M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,784.5+0.044%$15.5M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,789.3+0.217%$141.4M$317.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,787.2+0.142%$178.3M$783.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,786.2+0.106%$162.0M$98.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,786+0.100%$10.6M$30.6M100xas long as short
StandX ETH-USD+0.0100%1h2,786.5+0.117%$21.5M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,786.4+0.113%$10.9M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,788.4+0.184%$191K$1.8M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.2+0.070%$21K$25K25xas long as short
SunX ETH-USDT+0.0100%8h2,783.8+0.018%$976K$14.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.9+0.023%$55.4M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,783.5+0.010%$1.09B$1.31B200xas long as short
Vest ETH-PERP+0.0100%1h2,785.8+0.091%—$1.1M50xas long as short
Extended ETH-USDlong+0.0104%1h2,783.2long leg$31.8M$76.8M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,785.4+0.078%$60.3M$4.68B50xas long as short
Orderly PERP_ETH_USDC+0.0121%8h2,787.7+0.159%$32.7M$11.5M100xas long as short
Deribit ETH-PERPETUALshort+0.0131%1h2,786+0.097%$259.0M$223.4M50x
Kalshi KXETHPERP+0.0133%8h2,785.3+0.074%$8.6M$667.5M4.9xas long as short
Derive ETH-PERP+0.0134%1h2,786.4+0.113%$43.2M$29.8M15xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,785.5+0.080%$88.8M$337.4M100xas long as short
BloFin ETH-USDT+0.0168%8h2,783.7+0.016%$287.8M$197.6M150xas long as short
Hyperliquid ETH+0.0168%1h2,787+0.135%$3.24B$2.37B25xas long as short
Reya ETHRUSDPERP+0.0204%1h2,783.6+0.013%$7.5M$992K25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,788.1+0.176%$275K$1.6M20xas long as short