ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.034%

Price spread now: Arcus against Injective−0.020%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.020%, 7d avg −0.036%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,727.7	0.0009	pay 0.0001% / 1h	43m 52s	$117K	$22.5M	52x
Short	Arcus ETH-USD	2,727.2	0.0100	get 0.0013% / 1h	43m 52s	$1.5M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee ArcusbpOrdersPrice spread, now −0.020%Rate

Funding earned: $19.19
Price spread: −0.020% → −0.036%: $1.63
Slippage, 4 orders: −$61.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.1
Costs to cover: 0.659%
Break-even: 23.5 days

Slippage from Injective: live order book, 5 min ago; Arcus: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 5 min ago	13.90 bp	13.9 bp −$14	13.9 bp −$139	13.9 bp −$1,391	21001.2 bp −$10.50M
Sell Arcus live order book, 5 min ago	0.55 bp	3.1 bp −$3	3.3 bp −$33	5.3 bp −$535	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,726.8	−0.034%	$288K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.2	−0.018%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0012%	8h	2,725.9	−0.065%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,726.5	−0.042%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,727	−0.026%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,726.6	−0.040%	$28.0M	—	200x	as long as short
Injective ETH/USDC PERPlong	+0.0009%	1h	2,727.7	long leg	$117K	$22.5M	52x
dYdX ETH-USD	+0.0019%	1h	2,727.5	−0.007%	$10.7M	$42.2M	50x	as long as short
BingX ETH-USDC	+0.0032%	8h	2,724.8	−0.106%	—	$18.5M	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,727.5	−0.007%	$186K	$785K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0041%	8h	2,725.3	−0.087%	$2.36B	$4.39B	150x	as long as short
Bullet ETH-USD	+0.0062%	1h	2,726.2	−0.055%	$179K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0064%	8h	2,726.7	−0.038%	$956K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,725.6	−0.078%	$377.2M	$576.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0072%	1h	2,728.1	+0.016%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0073%	1h	2,727.6	−0.004%	$258.4M	$203.2M	50x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,724.3	−0.126%	$4.9M	$155K	20x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,725.6	−0.075%	$252.2M	$843.3M	200x	as long as short
ApeX Omni ETHUSDT	+0.0084%	1h	2,727.6	−0.003%	$8.7M	$31.2M	100x	as long as short
Phemex ETHUSDT	+0.0087%	8h	2,726	−0.062%	$263.7M	$64.1M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0087%	8h	2,725.5	−0.081%	$1.67B	$10.74B	100x	as long as short
MEXC ETH_USDT	+0.0087%	8h	2,725.5	−0.080%	$1.56B	$2.55B	500x	as long as short
Binance ETHUSDT	+0.0087%	8h	2,725.6	−0.078%	$6.32B	$15.98B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,725.8	−0.069%	$111.8M	$429.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.2	−0.020%	$23.4M	$102.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,727.3	−0.014%	—	$31.0M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726.1	−0.059%	$499K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,729.5	+0.067%	$15.4M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,726.8	−0.034%	$13.7M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727.6	−0.004%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.2	+0.018%	$31.8M	$333.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.6	−0.040%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,727.2	−0.020%	$1.5M	$16.1M	25x
Bulk ETH-USD	+0.0100%	1h	2,729	+0.046%	$165.1M	$317.5M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.5	−0.081%	$3.33B	$8.85B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,725.5	−0.080%	$2.08B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726.1	−0.058%	$15.0M	$42.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,725.3	−0.087%	$134.6M	$325.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,727.9	+0.008%	$183.2M	$672.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.6	−0.004%	$158.7M	$87.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.8	+0.004%	$21.0M	$73.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,728.1	+0.014%	—	$846K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,728.2	+0.018%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,727	−0.025%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.8	+0.003%	$40.9M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,726.4	−0.048%	$54.3M	$187.9M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.7	−0.112%	$30.6M	$73.9M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,726.9	−0.030%	$49.9M	$4.28B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,727.1	−0.020%	$5.6M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0158%	8h	2,727.1	−0.022%	$6.3M	$690.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,726.9	−0.031%	$83.0M	$316.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,729	+0.047%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0203%	1h	2,725.9	−0.064%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,728.5	+0.029%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0348%	8h	2,726.4	−0.047%	$282.3M	$174.3M	150x	as long as short