Settings8H · net · $10k
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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 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Pacifica+0.047%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on PacificaShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.047%, 7d avg +0.010%
Together, before fees+0.020%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.037% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,732.40.0100pay 0.0013% / 1h8m 56s$32.0M$332.9M50x
ShortCoinbase International ETH-PERP-INTX2,733.60.0112get 0.0014% / 1h8m 56s$46.5M$4.31B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$2.52
Price spread: +0.047% → +0.010%
$3.71
Slippage, 4 orders
−$0.4
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$12.17
Costs to cover
0.184%
Break-even
40.8 days
Slippage from Pacifica: live order book, 5 min ago; Coinbase International: 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 Pacifica live order book, 5 min ago0.18 bp4.2 bp −$45.0 bp −$50doesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$507.4 bp −$74422.1 bp −$11.1K

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,732.1−0.010%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.027%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5+0.005%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.027%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.40.000%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.4+0.001%$6.6M$683.3M4.9xas long as short
Perpl ETH0.0000%43m2,732.2−0.006%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.042%$262.6M$213.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5+0.005%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.025%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.2+0.031%$191K$889K50xas long as short
BingX ETH-USDC+0.0024%8h2,731.2−0.043%—$18.6M—as long as short
HTX ETH-USDT+0.0027%8h2,732.7+0.013%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.7−0.024%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,731.8−0.022%$379.6M$576.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,732.5+0.005%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,731.7−0.023%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,731.9−0.015%$253.0M$846.9M200xas long as short
Phemex ETHUSDT+0.0088%8h2,732.6+0.009%$263.1M$64.5M150xas long as short
Bullet ETH-USD+0.0088%1h2,732.7+0.014%$189K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.9−0.018%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.9−0.017%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.2+0.031%$112.8M$438.7M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.067%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.085%$4.9M$165K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.4+0.038%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732−0.013%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.2+0.141%$15.4M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.036%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.9+0.056%$3.11B$2.04B25xas long as short
Pacifica ETHlong+0.0100%1h2,732.4long leg$32.0M$332.9M50x
Ondo Perps ETH-USD.P+0.0100%1h2,731.2−0.043%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732−0.015%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.020%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732−0.014%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.6−0.028%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.40.000%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.042%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.007%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.012%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.023%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.9+0.055%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.045%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.3+0.035%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.1−0.008%$958K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731−0.049%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.4+0.002%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,733.6+0.047%$46.5M$4.31B50x
RISEx ETH/USDC+0.0115%1h2,731.9−0.015%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.024%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.089%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.7−0.025%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.1+0.026%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4+0.003%$281.0M$175.4M150xas long as short