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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 03:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.019%
Price spread now: OKX against Pacifica−0.053%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on PacificaShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.053%, 7d avg −0.012%
Together, before fees+0.022%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.041% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,743.50.0100pay 0.0013% / 1h44m 41s$31.6M$334.0M50x
ShortOKX ETH-USDT-SWAP2,7420.0061get 0.0061% / 8h5h 44m$1.70B$10.57B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$8.24
Price spread: −0.053% → −0.012%
−$4.13
Slippage, 4 orders
−$0.4
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$30.77
Costs to cover
0.184%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; OKX: 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 Pacifica live order book, 4 min ago0.18 bp4.2 bp −$45.3 bp −$53doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.4 bp −$5447.6 bp −$3,819

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%43m2,742.9−0.019%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7−0.028%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.045%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7+0.008%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.9−0.020%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8+0.011%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.104%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,742.8−0.024%$182K$917K50xas long as short
BingX ETH-USDT+0.0047%8h2,742.4−0.039%—$1.15B—as long as short
OKX ETH-USDT-SWAPshort+0.0061%8h2,742−0.053%$1.70B$10.57B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,742.6−0.031%$376.4M$598.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.4−0.040%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,742.9−0.019%$252.3M$841.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,741.2−0.081%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0088%8h2,742−0.053%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0088%8h2,742.3−0.042%$6.38B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,743.3−0.004%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3+0.031%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3−0.079%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.051%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.5+0.002%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4−0.003%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.112%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.4−0.039%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6+0.006%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.8+0.049%$3.12B$2.06B25xas long as short
Pacifica ETHlong+0.0100%1h2,743.5long leg$31.6M$334.0M50x
Bybit ETHUSDT+0.0100%8h2,742.2−0.047%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8−0.024%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.9−0.019%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.002%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.6−0.030%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.4−0.039%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2−0.009%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.112%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.156%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.134%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.093%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.093%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6+0.042%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.018%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.081%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.106%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.016%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.059%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4−0.001%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7+0.009%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,741.5−0.070%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4−0.002%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.7+0.009%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.108%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9−0.020%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.040%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.50.000%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.095%$249K$1.4M20xas long as short