ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.023%

Price spread now: dYdX against Pacifica+0.052%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.052%, 7d avg −0.011%

Together, before fees+0.176%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.062% dearer against Pacifica than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ETH	2,767.8	0.0100	pay 0.0013% / 1h	20m 09s	$31.2M	$325.2M	50x
Short	dYdX ETH-USD	2,769.2	0	get 0.0000% / 1h	20m 09s	$12.2M	$43.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee PacificabpFee dYdXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$21
Price spread: +0.052% → −0.011%: $6.24
Slippage, 4 orders: −$4.87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.62
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; dYdX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 4 min ago	0.18 bp	4.2 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	1.62 bp	7.9 bp −$8	13.5 bp −$135	17.5 bp −$1,747	30.0 bp −$15.0K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ETH/USDC PERP	−0.0752%	1h	2,776.9	+0.330%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,767.9	+0.003%	$5.6M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,767.9	+0.004%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,767.8	+0.001%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,767.9	+0.005%	$169K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,772	+0.153%	$873K	$3.7M	25x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,769.2	+0.052%	$12.2M	$43.3M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,768.9	+0.040%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0019%	1h	2,768.1	+0.010%	$184K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0028%	8h	2,767.1	−0.024%	$1.71B	$11.12B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX ETH-USD	+0.0032%	1h	2,768.2	+0.016%	$55.1M	$188.0M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,768.7	+0.033%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0049%	8h	2,767.9	+0.003%	$256.0M	$885.1M	200x	as long as short
Gate ETH_USDT	+0.0054%	8h	2,767.6	−0.006%	$3.37B	$9.04B	200x	as long as short
Binance ETHUSDT	+0.0060%	8h	2,767.9	+0.003%	$6.48B	$16.28B	150x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,768	+0.008%	$1.63B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,768.2	+0.015%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0072%	1h	2,771.8	+0.145%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,767.5	−0.011%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,769.4	+0.057%	$60.3M	$4.42B	50x	as long as short
Phemex ETHUSDT	+0.0081%	8h	2,768.3	+0.018%	$269.4M	$67.4M	150x	as long as short
Vest ETH-PERP	+0.0082%	1h	2,768.3	+0.018%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,768.9	+0.040%	$420.1M	$619.7M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,768.2	+0.017%	$114.9M	$458.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770	+0.081%	$25.6M	$111.7M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0097%	1h	2,769.7	+0.069%	$259.1M	$204.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,769.9	+0.077%	$15.9M	$8.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,767.9	+0.005%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,767	−0.027%	$14.6M	$113.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770	+0.081%	$3.17B	$2.18B	25x	as long as short
Pacifica ETHlong	+0.0100%	1h	2,767.8	long leg	$31.2M	$325.2M	50x
Bybit ETHUSDT	+0.0100%	8h	2,767.7	−0.004%	$2.51B	$4.35B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,766.8	−0.035%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.5	+0.026%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.8	+0.183%	$170.3M	$276.6M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,767.7	−0.003%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,767.6	−0.008%	$15.1M	$42.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	+0.028%	$137.0M	$344.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.9	+0.147%	$182.0M	$784.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775.8	+0.289%	$161.4M	$84.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.6	+0.140%	$8.7M	$32.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768.8	+0.037%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,767.8	+0.001%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.3	+0.057%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.4	+0.095%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,767.3	−0.017%	$970K	$13.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768	+0.009%	$1.08B	$1.25B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.8	+0.002%	$30.9M	$74.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,769	+0.043%	—	$36.2M	500x	as long as short
Kalshi KXETHPERP	+0.0109%	8h	2,768.8	+0.037%	$8.0M	$679.1M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,769.6	+0.067%	$96.0M	$318.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,771	+0.116%	$252K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0154%	8h	2,771.6	+0.139%	$32.6M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,768.7	+0.034%	$287.1M	$181.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0212%	1h	2,767.5	−0.010%	$7.3M	$1.1M	25x	as long as short