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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 01:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.039%
Price spread now: BloFin against SoDEX+0.018%56s7-day average +0.012% · 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—prices read too far apart to compare
costs, in and out, $10k−$210.213% of the position
Long on SoDEXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.125%+$12 on $10k
Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.018%, 7d avg +0.012%
Together, before fees+0.084%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,769.50.0039pay 0.0005% / 1h11m 55s$55.2M$187.8M40x
ShortBloFin ETH-USDT2,7700.0181get 0.0181% / 8h7h 11m$287.8M$178.2M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$29.81
Price spread: +0.018% → +0.012%
$0.66
Slippage, 4 orders
−$1.29
Fee SoDEX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$9.19
Costs to cover
0.213%
Break-even
4.8 days
Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$57431.7 bp −$15.9K
Sell BloFin live order book, 7 min ago0.23 bp6.7 bp −$76.8 bp −$686.9 bp −$6878.1 bp −$4,074

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.155%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.3−0.006%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.9+0.015%$325K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.8+0.011%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,770.2+0.025%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.2+0.025%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.014%$12.3M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.1+0.022%$22.4M—200xas long as short
Bullet ETH-USD+0.0013%1h2,769.1−0.014%$186K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0030%8h2,769.3−0.009%$1.71B$11.05B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USDlong+0.0039%1h2,769.5long leg$55.2M$187.8M40x
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,769.9+0.016%$12.7M—200xas long as short
Aster ETHUSDT+0.0051%8h2,769.5+0.001%$256.1M$884.3M200xas long as short
MEXC ETH_USDT+0.0060%8h2,768.8−0.026%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,769−0.019%$6.47B$16.16B150xas long as short
Aevo ETH-PERP+0.0064%1h2,766.6−0.105%$5.0M$156K20xas long as short
Gate ETH_USDT+0.0072%8h2,769.2−0.011%$3.38B$9.09B200xas long as short
HTX ETH-USDT+0.0076%8h2,769−0.018%$1.07B$1.24B200xas long as short
Bitget ETHUSDT+0.0078%8h2,768.7−0.029%$2.10B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0080%1h2,770.3+0.030%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.7+0.042%$60.3M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,769.7+0.007%—$876K50xas long as short
KuCoin ETHUSDTM+0.0088%8h2,768.8−0.024%$420.0M$596.7M100xas long as short
Phemex ETHUSDT+0.0093%8h2,769.4−0.005%$269.5M$66.0M150xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,769.3−0.007%$8.6M$32.0M100xas long as short
Lighter ETH+0.0096%1h2,770.1+0.021%$115.1M$459.8M50xas long as short
Lighter RH ETH+0.0096%1h2,771.1+0.057%$25.6M$112.0M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.7+0.152%$15.9M$8.4M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.9+0.014%$480K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.9−0.022%$14.6M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.3+0.065%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,770.1+0.022%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.50.000%$2.51B$4.30B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.011%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.9+0.013%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.215%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,769−0.019%—$1.20B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.8−0.024%$15.2M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.038%$133.7M$347.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,769−0.020%$181.8M$786.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.3+0.028%$161.1M$84.3M50xas long as short
StandX ETH-USD+0.0100%1h2,771.5+0.072%$21.4M$64.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.2−0.011%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.9+0.013%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.4+0.068%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.5−0.035%$971K$12.9M100xas long as short
Extended ETH-USD+0.0104%1h2,768.2−0.047%$30.9M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.5+0.037%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0112%8h2,770.7+0.043%$8.2M$674.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.1+0.056%$97.9M$314.8M100xas long as short
Orderly PERP_ETH_USDC+0.0156%8h2,772.1+0.095%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,771.8+0.084%$253K$1.5M20xas long as short
BloFin ETH-USDTshort+0.0181%8h2,770+0.018%$287.8M$178.2M150x
Deribit ETH-PERPETUAL+0.0205%1h2,771.2+0.060%$259.1M$202.5M50xas long as short
Reya ETHRUSDPERP+0.0214%1h2,768.7−0.030%$7.3M$1.1M25xas long as short