ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.024%

Price spread now: SoDEX against Injective−0.172%62s7-day average −0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$680.683% of the position

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.172%, 7d avg −0.086%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.086% cheaper against Injective than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.086%). If the spread goes back, that is −$9 on $10k: about 5.7 days of funding at the current rate (+$2 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,727.9	0.0050	pay 0.0006% / 1h	1m 49s	$235K	$22.4M	52x
Short	SoDEX ETH-USD	2,723.2	0.0100	get 0.0013% / 1h	1m 49s	$54.2M	$182.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $10.51
Price spread: −0.172% → −0.086%: −$8.6
Slippage, 4 orders: −$60.32
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.44
Costs to cover: 0.683%
Break-even: 51.3 days

Slippage from Injective: live order book, 2 min ago; SoDEX: live order book, 2 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, 2 min ago	14.66 bp	14.7 bp −$15	14.7 bp −$147	14.7 bp −$1,467	35824.2 bp −$17.91M
Sell SoDEX live order book, 2 min ago	0.18 bp	4.2 bp −$4	4.3 bp −$43	6.2 bp −$618	36.9 bp −$18.5K

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	2,723.6	−0.158%	$274K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	−0.143%	$5K	$1K	50x	as long as short
BloFin ETH-USDT	−0.0035%	8h	2,722.6	−0.194%	$280.9M	$177.5M	150x	as long as short
Phoenix ETH	−0.0015%	1h	2,723.3	−0.169%	$808K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.6	−0.158%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,723.5	−0.163%	$10.5M	$41.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,724.2	−0.136%	$6.6M	$673.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724	−0.142%	$264.5M	$215.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,723.8	−0.152%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0018%	8h	2,722.6	−0.193%	—	$1.07B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0023%	8h	2,723	−0.179%	$2.31B	$4.31B	150x	as long as short
HTX ETH-USDT	+0.0036%	8h	2,722.8	−0.186%	$1.05B	$1.21B	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,724.8	−0.114%	$189K	$883K	50x	as long as short
Injective ETH/USDC PERPlong	+0.0050%	1h	2,727.9	long leg	$235K	$22.4M	52x
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,724	−0.142%	$82.0M	$310.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,724	−0.142%	$239K	$1.4M	20x	as long as short
ApeX Omni ETHUSDT	+0.0075%	1h	2,723.5	−0.162%	$8.4M	$31.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0077%	8h	2,722.9	−0.185%	$1.65B	$10.73B	100x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,722.9	−0.183%	$382.9M	$575.5M	100x	as long as short
Aster ETHUSDT	+0.0083%	8h	2,722.9	−0.184%	$251.8M	$850.7M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,722.7	−0.192%	$1.58B	$2.60B	500x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,722.7	−0.189%	$6.30B	$16.08B	150x	as long as short
Aftermath Perps ETHUSD	+0.0095%	1h	2,723.9	−0.146%	$30K	$20K	20x	as long as short
Lighter ETH	+0.0096%	1h	2,723.9	−0.147%	$112.1M	$433.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.2	−0.098%	$23.3M	$102.8M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,721	−0.254%	$4.9M	$189K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.9	−0.147%	$499K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.9	+0.002%	$15.4M	$7.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724	−0.143%	$14.1M	$104.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,725.1	−0.103%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.6	−0.121%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,722.2	−0.209%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.4	−0.130%	$1.6M	$16.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,722.9	−0.184%	$3.31B	$8.96B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,722.7	−0.192%	$2.11B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,723.3	−0.169%	$15.0M	$40.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,722.5	−0.197%	$133.2M	$316.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,722.2	−0.210%	$185.2M	$682.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.2	−0.172%	$158.2M	$82.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,722.8	−0.187%	$20.9M	$69.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.4	−0.091%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.2	−0.099%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,722.9	−0.184%	$180K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,724.2	−0.136%	$40.6M	$30.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,723.2	−0.172%	$955K	$10.7M	100x	as long as short
SoDEX ETH-USDshort	+0.0100%	1h	2,723.2	−0.172%	$54.2M	$182.6M	40x
Phemex ETHUSDT	+0.0100%	8h	2,723.5	−0.160%	$262.4M	$64.0M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.9	−0.184%	$160.5M	$349.9M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.1	−0.214%	$30.4M	$71.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,723.4	−0.166%	—	$30.1M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,724.8	−0.115%	$46.7M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724.8	−0.113%	$5.6M	$11.6M	25x	as long as short
Bluefin ETH-PERP	+0.0149%	1h	2,723.9	−0.147%	$20K	$23K	25x	as long as short
Reya ETHRUSDPERP	+0.0177%	1h	2,722.6	−0.193%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,725.9	−0.075%	$32.1M	$11.3M	100x	as long as short