ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.013%

Price spread now: Extended against Phoenix−0.140%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.135% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.140%, 7d avg −0.144%

Together, before fees+0.033%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.144%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,772	−0.0003	get 0.0000% / 1h	21m 04s	$873K	$3.7M	25x
Short	Extended ETH-USD	2,768.1	0.0104	get 0.0013% / 1h	21m 04s	$31.0M	$74.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. 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 PhoenixbpFee ExtendedbpOrdersPrice spread, now −0.140%Rate

Funding earned: $22.45
Price spread: −0.140% → −0.144%: $0.34
Slippage, 4 orders: −$1.51
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $9.27
Costs to cover: 0.135%
Break-even: 4.1 days

Slippage from Phoenix: live order book, 3 min ago; Extended: live order book, 3 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 Phoenix live order book, 3 min ago	0.18 bp	4.3 bp −$4	8.6 bp −$86	22.5 bp −$2,254	doesn't fit
Sell Extended live order book, 3 min ago	0.18 bp	2.7 bp −$3	2.7 bp −$27	4.7 bp −$470	13.4 bp −$6,714

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	+0.177%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDC	−0.0128%	1h	2,768.2	−0.136%	$5.6M	$11.1M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,768.3	−0.135%	$322K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.6	−0.087%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,768.3	−0.133%	$169K	$1.1M	50x	as long as short
Phoenix ETHlong	−0.0003%	1h	2,772	long leg	$873K	$3.7M	25x
dYdX ETH-USD	0.0000%	1h	2,769.2	−0.101%	$12.2M	$43.2M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769	−0.108%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0020%	1h	2,768.2	−0.137%	$185K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0028%	8h	2,768.5	−0.125%	$1.71B	$11.14B	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	+0.0034%	1h	2,768.7	−0.119%	$55.2M	$188.0M	40x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0043% / S −0.0009%	1h	2,768.8	−0.114%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0049%	8h	2,769	−0.110%	$256.1M	$885.2M	200x	as long as short
Gate ETH_USDT	+0.0058%	8h	2,768	−0.144%	$3.37B	$9.04B	200x	as long as short
Phemex ETHUSDT	+0.0062%	8h	2,768.1	−0.141%	$269.4M	$67.4M	150x	as long as short
Binance ETHUSDT	+0.0062%	8h	2,767.7	−0.154%	$6.48B	$16.28B	150x	as long as short
MEXC ETH_USDT	+0.0063%	8h	2,767.8	−0.150%	$1.62B	$2.64B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,768.4	−0.131%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0071%	1h	2,772.5	+0.018%	$31K	$21K	20x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,768.9	−0.113%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,770	−0.071%	$60.3M	$4.42B	50x	as long as short
Vest ETH-PERP	+0.0083%	1h	2,769	−0.108%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,768.3	−0.133%	$420.1M	$619.9M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,769.3	−0.096%	$114.9M	$458.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,769.8	−0.080%	$25.6M	$111.7M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0097%	1h	2,770.3	−0.062%	$259.1M	$204.8M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.6	−0.051%	$15.9M	$8.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.6	−0.123%	$488K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,768	−0.142%	$14.6M	$113.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.5	−0.054%	$3.17B	$2.18B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,768.7	−0.119%	$31.2M	$325.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.3	−0.133%	$2.51B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,767.3	−0.170%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,768.8	−0.117%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,772.8	+0.031%	$170.3M	$276.6M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,767.5	−0.162%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.1	−0.140%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	−0.125%	$137.0M	$344.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,771.9	−0.005%	$182.0M	$784.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775.8	+0.136%	$161.4M	$84.7M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771.6	−0.013%	$8.7M	$32.1M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.8	−0.043%	$21.4M	$64.0M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,768.5	−0.126%	$10.5M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,768.9	−0.113%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.7	−0.046%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.5	−0.128%	$970K	$13.1M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.3	−0.135%	$1.08B	$1.25B	200x	as long as short
Extended ETH-USDshort	+0.0104%	1h	2,768.1	−0.140%	$31.0M	$74.9M	50x
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,769.8	−0.081%	—	$36.2M	500x	as long as short
Kalshi KXETHPERP	+0.0110%	8h	2,769.8	−0.079%	$8.1M	$679.5M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,770.3	−0.061%	$95.9M	$319.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,771	−0.036%	$252K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0154%	8h	2,771.3	−0.027%	$32.6M	$11.1M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,768.7	−0.119%	$287.1M	$181.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0212%	1h	2,768.3	−0.134%	$7.3M	$1.1M	25x	as long as short