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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+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: 01 Exchange against Injective+0.184%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$740.735% of the position
Long on InjectiveShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.007%−$1 on $10k
Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.184%, 7d avg −0.039%
Together, before fees−0.009%−$1 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: 01 Exchange is 0.222% dearer against Injective than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,775.7−0.0041get 0.0005% / 1h40m 33s$119K$22.5M52x
Short01 Exchange ETHUSD2,780.8−0.0032pay 0.0004% / 1h40m 33s$170K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$1.86
Price spread: +0.184% → −0.039%
$22.24
Slippage, 4 orders
−$66.52
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$49.44
Costs to cover
0.735%
Break-even
192.6 days
Slippage from Injective: live order book, 4 min ago; 01 Exchange: live order book, 4 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 Injective live order book, 4 min ago14.20 bp14.2 bp −$1414.2 bp −$14214.2 bp −$1,42120637.2 bp −$10.32M
Sell 01 Exchange live order book, 4 min ago0.18 bp7.3 bp −$718.5 bp −$185doesn'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%43m2,780.3+0.166%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,780.5+0.174%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,780.7+0.180%$5K$2K50xas long as short
Injective ETH/USDC PERPlong−0.0041%1h2,775.7long leg$119K$22.5M52x
01 Exchange ETHUSDshort−0.0032%1h2,780.8+0.184%$170K$1.2M50x
Aftermath Perps ETHUSD−0.0027%1h2,777.2+0.052%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,780.4+0.168%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.054%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5+0.137%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,780.3+0.165%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,780.3+0.165%—$1.18B—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,780.7+0.180%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.171%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,780.1+0.159%$257.0M$989.8M200xas long as short
Bullet ETH-USD+0.0040%1h2,780+0.154%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0050%1h2,780.7+0.179%$14.3M$117.8M50xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.014%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,780.6+0.177%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0062%8h2,780.3+0.166%$6.45B$17.10B150xas long as short
Bitget ETHUSDT+0.0072%8h2,781+0.191%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.4+0.169%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.6+0.139%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,780.5+0.174%$115.3M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.8+0.220%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.236%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,780.4+0.170%$2.53B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,781.2+0.198%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,780.8+0.184%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.1+0.267%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,780.7+0.180%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,780+0.155%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,782.1+0.232%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.202%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,780.2+0.162%$426.7M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.166%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.068%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.042%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.030%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6+0.031%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.166%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781.2+0.197%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782.2+0.234%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780+0.156%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.199%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.178%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4+0.133%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.4+0.135%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.185%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.193%$258.4M$221.6M50xas long as short
Hibachi ETH/USDT-P+0.0112%1h2,782+0.228%$279K$1.5M20xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.220%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,781.5+0.209%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.179%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.142%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,780.7+0.180%$7.4M$1.1M25xas long as short