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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.017%
Price spread now: Arcus against OKX−0.008%7-day average +0.030% · 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−$20as in the Price arb table
costs, in and out, $10k−$160.165% of the position
Long on OKXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.044%+$4 on $10k
Price spread, last 7 days+0.036%+$4 · spread now −0.008%, 7d avg +0.030%
Together, before fees+0.079%+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.039% cheaper against OKX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,770.80.0021pay 0.0021% / 8h9m 17s$1.71B$11.88B100x
ShortArcus ETH-USD2,770.50.0100get 0.0013% / 1h9m 17s$2.7M$17.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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
$16.68
Price spread: −0.008% → +0.030%
−$3.87
Slippage, 4 orders
−$1.95
Fee OKX: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$3.64
Costs to cover
0.165%
Break-even
8.5 days
Slippage from OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.1 bp −$5106.7 bp −$3,336
Sell Arcus live order book, 5 min ago0.52 bp3.0 bp −$33.1 bp −$314.8 bp −$476doesn'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−0.0223%43m2,770.2−0.021%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.034%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.313%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.063%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5−0.010%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1−0.024%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.019%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.027%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.023%$22.4M—200xas long as short
OKX ETH-USDT-SWAPlong+0.0021%8h2,770.8long leg$1.71B$11.88B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.019%$12.8M—200xas long as short
Phemex ETHUSDT+0.0027%8h2,770−0.027%$270.0M$68.9M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.030%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,771+0.008%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0032%1h2,770.3−0.017%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6−0.004%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.6−0.007%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,770.7−0.003%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.031%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770.6−0.005%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.8+0.003%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.2−0.021%$421.1M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,772.1+0.047%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.9+0.004%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,770.4−0.012%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.4+0.022%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.7−0.037%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.050%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.2−0.019%$115.0M$500.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772+0.045%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5−0.011%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.060%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.038%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5+0.063%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.1−0.023%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.031%$2.8M$17.2M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,770.5−0.008%$2.7M$17.4M25x
Bulk ETH-USD+0.0100%1h2,769.4−0.049%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6−0.007%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.084%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.028%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.074%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5−0.009%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6−0.006%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.017%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,770−0.027%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.088%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,768.9−0.067%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.012%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,771.3+0.019%$8.2M$687.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.5+0.028%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.094%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.084%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1−0.022%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.038%$252K$1.6M20xas long as short