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Funding arb · Price arb /

ETH

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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 +0.010%
Price spread now: Arcus against SoDEX+0.012%7-day average +0.046% · 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−$18as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Long on SoDEXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.028%+$3 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.012%, 7d avg +0.046%
Together, before fees+0.075%+$8 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 0.034% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,746.80.0100pay 0.0013% / 1h5m 00s$54.7M$187.7M40x
ShortArcus ETH-USD2,747.10.0100get 0.0013% / 1h5m 00s$2.8M$16.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.012% → +0.046%
−$3.39
Slippage, 4 orders
−$2.43
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$18.33
Costs to cover
0.149%
Break-even
never at this rate
Slippage from SoDEX: live order book, 4 min ago; Arcus: 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 SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.9 bp −$58727.0 bp −$13.5K
Sell Arcus live order book, 4 min ago0.02 bp2.3 bp −$22.3 bp −$234.1 bp −$413doesn't fit

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
Perpl ETH−0.0112%43m2,746.6−0.009%$310K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.6+0.029%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,746.9+0.005%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.3+0.018%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.058%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.3−0.017%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.017%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,747.2+0.015%$181K$1.0M50xas long as short
BingX ETH-USDC+0.0040%8h2,746−0.031%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0052%8h2,747.2+0.015%$1.70B$10.80B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,746.7−0.004%$369.7M$605.8M100xas long as short
Aster ETHUSDT+0.0070%8h2,747.1+0.011%$253.1M$850.5M200xas long as short
HTX ETH-USDT+0.0075%8h2,746.8+0.001%$1.06B$1.19B200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.050%$8.7M$31.4M100xas long as short
MEXC ETH_USDT+0.0080%8h2,746.9+0.004%$1.57B$2.59B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.6−0.080%$4.9M$167K20xas long as short
Binance ETHUSDT+0.0080%8h2,746.9+0.003%$6.39B$16.01B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.9+0.042%$58.7M$4.31B50xas long as short
Lighter ETH+0.0096%1h2,747.3+0.017%$113.1M$445.3M50xas long as short
Lighter RH ETH+0.0096%1h2,748.7+0.069%$24.8M$108.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.3+0.019%—$31.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.7+0.141%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.4−0.015%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.9−0.034%$13.9M$108.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.5+0.062%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,747.1+0.011%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.2+0.014%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.3−0.018%$2.7M$16.9M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,747.1+0.012%$2.8M$16.4M25x
Gate ETH_USDT+0.0100%8h2,746.7−0.004%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.5+0.024%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9−0.033%$15.0M$41.5M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.023%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.056%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.3−0.128%$159.5M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,747.1+0.011%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.8+0.036%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.029%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.9+0.002%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747+0.007%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.7+0.068%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.3−0.018%$963K$12.1M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,746.8long leg$54.7M$187.7M40x
Phemex ETHUSDT+0.0100%8h2,746.9+0.005%$267.5M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.021%$164.3M$302.6M25xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,746.80.000%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,746.9+0.002%$30.5M$73.0M50xas long as short
Kalshi KXETHPERP+0.0148%8h2,747.2+0.015%$7.8M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0179%8h2,749.4+0.093%$32.3M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0201%1h2,748.3+0.056%$258.9M$198.1M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.7−0.076%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.7−0.004%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,748.2+0.051%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.7+0.032%$88.2M$315.1M100xas long as short