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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 00:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.029%
Price spread now: Orderly against Extended+0.134%7-day average +0.115% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.181%+$18 on $10k
Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.134%, 7d avg +0.115%
Together, before fees+0.112%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,7760.0104pay 0.0013% / 1h59m 29s$32.6M$77.6M50x
ShortOrderly PERP_ETH_USDC2,779.70.0135get 0.0135% / 8h59m 29s$32.6M$12.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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
$6.5
Price spread: +0.134% → +0.115%
$1.96
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$2.54
Costs to cover
0.110%
Break-even
9.7 days
Slippage unknown: Extended: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago0.18 bp2.7 bp −$33.6 bp −$366.7 bp −$66916.3 bp −$8,141
Sell Orderly no order-book sample—————
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,777.1+0.039%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,776.3+0.011%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4+0.050%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.155%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0016%1h2,777.2+0.043%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0004%1h2,776.8+0.029%$29K$22K20xas long as short
Bullet ETH-USD−0.0001%1h2,776.8+0.029%$181K$1.7M20xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.068%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,777.6+0.058%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.7+0.062%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0014%8h2,776.9+0.033%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,776.9+0.032%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778+0.071%$270.6M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.7+0.060%$12.9M—200xas long as short
Aster ETHUSDT+0.0034%8h2,776.9+0.033%$254.7M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,779.7+0.132%$258.7M$222.8M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.056%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,776.7+0.024%$1.60B$2.62B500xas long as short
SoDEX ETH-USD+0.0060%1h2,777.8+0.065%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,776.9+0.032%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1+0.004%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,776.7+0.024%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777+0.036%$3.30B$9.55B200xas long as short
HTX ETH-USDT+0.0087%8h2,778.2+0.077%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,776.9+0.033%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,776.6+0.020%$423.3M$739.5M100xas long as short
Vest ETH-PERP+0.0095%1h2,777.5+0.053%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,777.7+0.060%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,778.6+0.093%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.8+0.027%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.040%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.5+0.016%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.119%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,777.7+0.061%$31.2M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.7+0.025%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,778+0.072%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.070%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778+0.071%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.003%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777+0.037%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.032%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5+0.090%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.8+0.065%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.1+0.076%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.169%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.8+0.064%$973K$13.9M100xas long as short
Extended ETH-USDlong+0.0104%1h2,776long leg$32.6M$77.6M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777.4+0.051%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.116%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.083%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDCshort+0.0135%8h2,779.7+0.134%$32.6M$12.0M100x
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.112%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5+0.016%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776.4+0.015%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5+0.054%$270K$1.5M20xas long as short