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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.008%
Price spread now: SoDEX against OKX−0.007%7-day average −0.003% · 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−$19as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on OKXShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.017%+$2 on $10k
Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.007%, 7d avg −0.003%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,7690.0021pay 0.0021% / 8h2h 30m$1.71B$11.86B100x
ShortSoDEX ETH-USD2,768.80.0100get 0.0013% / 1h30m 36s$55.1M$228.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$16.65
Price spread: −0.007% → −0.003%
−$0.39
Slippage, 4 orders
−$0.4
Fee OKX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$2.14
Costs to cover
0.184%
Break-even
7.9 days
Slippage from OKX: live order book, 4 min ago; SoDEX: 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 OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5707.6 bp −$3,798
Sell SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$54730.8 bp −$15.4K

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−0.0112%43m2,768.1−0.031%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.105%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.7−0.083%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,769.4+0.014%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767−0.072%$794K$3.7M25xas long as short
ApeX Omni ETHUSDT−0.0011%1h2,766.3−0.098%$8.8M$32.5M100xas long as short
RISEx ETH/USDC−0.0011%1h2,769.4+0.015%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,769.3+0.012%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.3+0.009%$22.4M—200xas long as short
OKX ETH-USDT-SWAPlong+0.0021%8h2,769long leg$1.71B$11.86B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,768.8−0.008%$266.6M$66.0M150xas long as short
Aftermath Perps ETHUSD+0.0027%1h2,767.4−0.057%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,769.2+0.006%$13.1M—200xas long as short
Aster ETHUSDT+0.0037%8h2,769.4+0.014%$255.9M$995.9M200xas long as short
MEXC ETH_USDT+0.0045%8h2,769.4+0.013%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0045%8h2,769.5+0.017%$6.43B$17.20B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.2−0.102%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0066%8h2,769.4+0.014%$3.29B$9.62B200xas long as short
Bitget ETHUSDT+0.0073%8h2,769.2+0.007%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0077%1h2,768.2−0.028%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.180%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,769.9+0.034%$115.4M$511.9M50xas long as short
Lighter RH ETH+0.0096%1h2,771.3+0.084%$25.4M$122.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7+0.024%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,769.2+0.007%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.2+0.007%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.074%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.1+0.076%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,769.9+0.033%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.2+0.006%$2.50B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.1+0.004%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.3+0.084%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.111%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.3+0.012%$424.8M$740.9M100xas long as short
BingX ETH-USDC+0.0100%8h2,768.9−0.003%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.6+0.022%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.106%$177.8M$792.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.8−0.117%$160.8M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,766.3−0.098%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770+0.036%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.1+0.005%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.9+0.069%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.2−0.029%$971K$14.2M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,768.8−0.007%$55.1M$228.6M40x
HTX ETH-USDT+0.0100%8h2,768.1−0.034%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,768.7−0.013%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,768.8−0.007%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770.8+0.065%$60.1M$4.62B50xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,770.1+0.040%$258.4M$224.7M50xas long as short
Kalshi KXETHPERP+0.0118%8h2,768.2−0.029%$8.6M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,771.2+0.080%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0165%8h2,768.8−0.008%$285.6M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,767.6−0.052%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.2+0.043%$87.6M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,768.8−0.007%$290K$1.5M20xas long as short