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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 04:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.016%
Price spread now: dYdX against Extended+0.034%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Long on ExtendedShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 7 days+0.061%+$6 · spread now +0.034%, 7d avg +0.043%
Together, before fees+0.131%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, 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 paid +0.070%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,735.80.0104pay 0.0013% / 1h3m 37s$30.4M$72.9M50x
ShortdYdX ETH-USD2,736.70.0001get 0.0000% / 1h3m 37s$10.7M$41.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21.59
Price spread: +0.034% → +0.043%
−$0.91
Slippage, 4 orders
−$4.39
Fee Extended: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$41.89
Costs to cover
0.194%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; dYdX: live order book, 1 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, 6 min ago0.18 bp2.7 bp −$32.7 bp −$274.2 bp −$41713.1 bp −$6,526
Sell dYdX live order book, 1 min ago1.64 bp6.6 bp −$712.8 bp −$12825.8 bp −$2,57632.7 bp −$16.3K

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%43m2,733−0.101%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.057%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.1−0.024%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.6−0.043%$11.9M—200xas long as short
01 Exchange ETHUSD0.0000%1h2,736.9+0.042%$187K$822K50xas long as short
Phoenix ETH0.0000%1h2,733.9−0.068%$826K$2.9M25xas long as short
dYdX ETH-USDshort+0.0001%1h2,736.7+0.034%$10.7M$41.9M50x
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.7−0.039%$28.1M—200xas long as short
Bullet ETH-USD+0.0014%1h2,734.2−0.056%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0020%8h2,733.3−0.092%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,735.7−0.003%—$18.4M—as long as short
Bybit ETHUSDT+0.0054%8h2,736.3+0.020%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,733.1−0.097%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736.2+0.018%$380.5M$573.4M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,736.4+0.025%$1.67B$10.72B100xas long as short
Phemex ETHUSDT+0.0081%8h2,735.3−0.019%$265.8M$65.2M150xas long as short
Aster ETHUSDT+0.0086%8h2,736.1+0.011%$251.2M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,736.2+0.016%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0096%8h2,736.4+0.025%$6.36B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,736.5+0.027%$112.9M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,737.1+0.048%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.6−0.078%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,732−0.138%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.2+0.163%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,737.1+0.049%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.2+0.016%$501K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,736.1+0.012%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.7+0.071%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737+0.044%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9−0.068%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.1+0.050%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.076%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.6+0.031%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.6+0.031%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.5−0.046%$15.1M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.138%$133.7M$324.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.4−0.123%$183.8M$671.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.6−0.080%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734−0.064%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.8−0.035%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.009%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.2−0.056%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736+0.010%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.5−0.119%$957K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,734.5−0.046%$54.5M$187.6M40xas long as short
Extended ETH-USDlong+0.0104%1h2,735.8long leg$30.4M$72.9M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.5+0.026%$51.2M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0117%1h2,734−0.064%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0130%8h2,734.2−0.057%$6.6M$678.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0163%1h2,735.9+0.003%$259.6M$196.3M50xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,736.9+0.041%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0216%1h2,733.6−0.078%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.8+0.002%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734.2−0.058%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0378%8h2,733.5−0.084%$283.3M$175.7M150xas long as short