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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 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Arcus against Pacifica+0.048%7-day average +0.019% · 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−$12as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Long on PacificaShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.048%, 7d avg +0.019%
Together, before fees−0.019%+ Points / potential airdropPacifica: Active · farm board−$2 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: Arcus is 0.029% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,749.30.0100pay 0.0013% / 1h50m 55s$31.2M$332.2M50x
ShortArcus ETH-USD2,750.70.0100get 0.0013% / 1h50m 55s$2.8M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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
$0
Price spread: +0.048% → +0.019%
$2.94
Slippage, 4 orders
−$2.78
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$12.34
Costs to cover
0.153%
Break-even
never at this rate
Slippage from Pacifica: live order book, 3 min ago; Arcus: live order book, 3 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 Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn't fit
Sell Arcus live order book, 3 min ago0.02 bp2.3 bp −$23.0 bp −$305.2 bp −$522doesn'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
ApeX Omni ETHUSDT−0.0449%1h2,745.8−0.129%$8.7M$31.5M100xas long as short
Perpl ETH−0.0447%43m2,749−0.011%$320K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.7+0.013%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.030%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,751+0.060%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,749.5+0.006%$863K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.044%$10.9M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751.1+0.065%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,750.2+0.031%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0028%8h2,753+0.133%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0035%8h2,753.1+0.138%$1.68B$11.10B100xas long as short
HTX ETH-USDT+0.0043%8h2,750.6+0.044%$1.07B$1.23B200xas long as short
Aster ETHUSDT+0.0046%8h2,751.4+0.074%$256.0M$854.9M200xas long as short
MEXC ETH_USDT+0.0055%8h2,751.8+0.090%$1.58B$2.53B500xas long as short
Aevo ETH-PERP+0.0056%1h2,749.3−0.003%$4.9M$163K20xas long as short
Binance ETHUSDT+0.0058%8h2,752.1+0.101%$6.38B$16.32B150xas long as short
Gate ETH_USDT+0.0058%8h2,753.2+0.140%$3.33B$8.72B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,751.6+0.081%$385.3M$607.1M100xas long as short
Bitget ETHUSDT+0.0083%8h2,753.2+0.141%$2.08B$2.86B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.5+0.113%$59.6M$4.40B50xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,750.4+0.037%$30K$21K20xas long as short
Lighter ETH+0.0096%1h2,751.3+0.070%$113.3M$439.0M50xas long as short
Lighter RH ETH+0.0096%1h2,752.8+0.126%$25.1M$105.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,751.1+0.062%—$35.7M500xas long as short
Variational Omni ETH+0.0097%8h2,750.3+0.035%$133.4M$346.5M—as long as short
Deribit ETH-PERPETUAL+0.0099%1h2,752.1+0.101%$258.7M$202.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.7+0.086%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.3−0.002%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.9−0.018%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.2+0.140%$3.13B$2.14B25xas long as short
Pacifica ETHlong+0.0100%1h2,749.3long leg$31.2M$332.2M50x
Bybit ETHUSDT+0.0100%8h2,753.1+0.138%$2.47B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.1−0.009%$2.8M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,750.7+0.048%$2.8M$16.8M25x
Bulk ETH-USD+0.0100%1h2,752.6+0.120%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,750.5+0.042%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,743.2−0.222%$183.8M$733.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.082%$159.8M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,745.9−0.125%$21.2M$65.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.3+0.034%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.4+0.002%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.5+0.043%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.2+0.068%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,752.8+0.127%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.7+0.050%$965K$12.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.8+0.053%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,751.4+0.074%$267.5M$66.2M150xas long as short
Extended ETH-USD+0.0104%1h2,751.2+0.069%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0132%8h2,750.6+0.046%$7.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0160%8h2,753.9+0.165%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,750+0.025%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,751.2+0.068%$286.2M$179.0M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,749.9+0.020%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.4+0.003%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,752.3+0.108%$93.2M$316.3M100xas long as short