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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 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Extended+0.027%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on ExtendedShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 7 days+0.002%$0 · spread now +0.027%, 7d avg +0.055%
Together, before fees−0.057%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,7760.0104pay 0.0013% / 1h1m 45s$32.6M$77.5M50x
ShortPacifica ETH2,776.80.0100get 0.0013% / 1h1m 45s$31.2M$303.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$0.84
Price spread: +0.027% → +0.055%
−$2.83
Slippage, 4 orders
−$0.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$17.39
Costs to cover
0.137%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Pacifica: 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 −$33.6 bp −$366.7 bp −$66916.3 bp −$8,141
Sell Pacifica live order book, 2 min ago0.18 bp4.2 bp −$44.3 bp −$43doesn't fitdoesn't fit

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%43m2,776.6+0.021%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.8−0.007%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777+0.035%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.156%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5+0.017%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.037%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.015%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,775.7−0.013%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777+0.036%$22.4M—200xas long as short
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.059%$258.7M$222.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,775.7−0.011%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2+0.006%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3+0.011%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.9+0.031%$12.9M—200xas long as short
Aster ETHUSDT+0.0033%8h2,776.4+0.014%$254.7M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0047%1h2,770.8−0.189%$8.7M$32.6M100xas long as short
Nado ETH-PERP+0.0056%1h2,776−0.002%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,773.9−0.078%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0060%8h2,775.8−0.010%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,775.9−0.006%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1+0.003%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0066%8h2,776.6+0.020%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.6+0.021%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.007%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776−0.003%$2.52B$4.62B150xas long as short
BingX ETH-USDC+0.0092%8h2,776.2+0.006%—$17.4M—as long as short
KuCoin ETHUSDTM+0.0093%8h2,776.6+0.021%$422.4M$739.2M100xas long as short
Lighter ETH+0.0096%1h2,776.8+0.029%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.073%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.8+0.026%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.1+0.004%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5+0.017%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.118%$3.19B$2.35B25xas long as short
Pacifica ETHshort+0.0100%1h2,776.8+0.027%$31.2M$303.9M50x
Ondo Perps ETH-USD.P+0.0100%1h2,775.8−0.008%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.4+0.048%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.187%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.012%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.084%$147.3M$337.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.2−0.066%$181.6M$781.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.012%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.031%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.042%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.1+0.038%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.092%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.026%$974K$14.0M100xas long as short
Extended ETH-USDlong+0.0104%1h2,776long leg$32.6M$77.5M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.8+0.030%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.051%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.039%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.1+0.109%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.047%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5+0.018%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,775.8−0.007%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,778.3+0.081%$270K$1.5M20xas long as short