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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%
Price spread now: Bluefin against SoDEX+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,751.60.0100pay 0.0013% / 1h23m 24s$54.8M$187.7M40x
ShortBluefin ETH-PERP2,751.70.0100get 0.0013% / 1h23m 24s$21K$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against SoDEX. 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
$0
Price spread: +0.004% → 0.000%
$0.4
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$14.6
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 1 min ago; Bluefin: no order-book sample. Net counts fees only.

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, 1 min ago0.18 bp4.2 bp −$44.3 bp −$436.2 bp −$61632.5 bp −$16.2K
Sell Bluefin no order-book sample—————
Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0447%43m2,751.9+0.009%$312K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,752.1+0.018%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,752.1+0.018%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,752+0.014%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,752.8+0.044%$849K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,752+0.014%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,752+0.014%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,752+0.015%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,752.6+0.038%$8.7M$31.5M100xas long as short
BingX ETH-USDC+0.0036%8h2,751.2−0.016%—$18.1M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0047%8h2,751.6−0.001%$1.69B$10.98B100xas long as short
HTX ETH-USDT+0.0056%8h2,750.6−0.035%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0071%8h2,751.5−0.005%$253.0M$857.1M200xas long as short
KuCoin ETHUSDTM+0.0071%8h2,751.4−0.009%$379.4M$607.5M100xas long as short
MEXC ETH_USDT+0.0079%8h2,751.7+0.004%$1.57B$2.56B500xas long as short
Aevo ETH-PERP+0.0080%1h2,749.2−0.088%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0081%8h2,751.7+0.002%$6.37B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.8+0.044%$59.2M$4.35B50xas long as short
Gate ETH_USDT+0.0093%8h2,751.8+0.007%$3.39B$8.89B200xas long as short
Bitget ETHUSDT+0.0093%8h2,751.7+0.003%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,752+0.016%$113.1M$443.2M50xas long as short
Lighter RH ETH+0.0096%1h2,753.3+0.063%$24.9M$107.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,751.8+0.008%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,756.5+0.179%$16.3M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,750.9−0.025%$478K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,751.4−0.008%$14.0M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.8+0.080%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,752.2+0.022%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.7+0.005%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,750.9−0.025%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,752.3+0.025%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751−0.022%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,753.3+0.061%$133.3M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.6+0.001%$181.9M$701.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.9+0.085%$160.2M$83.2M50xas long as short
StandX ETH-USD+0.0100%1h2,751.2−0.015%$21.3M$67.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.7+0.040%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,752.4+0.029%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,751.6−0.001%$182K$1.7M20xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,751.7+0.004%$21K$21K25x
Derive ETH-PERP+0.0100%1h2,753.4+0.065%$41.8M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.8−0.031%$964K$12.4M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,751.6long leg$54.8M$187.7M40x
Phemex ETHUSDT+0.0100%8h2,751.2−0.013%$267.5M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.007%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,751.1−0.017%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,750.9−0.026%$30.5M$73.6M50xas long as short
Deribit ETH-PERPETUAL+0.0135%1h2,753.1+0.053%$258.5M$199.9M50xas long as short
Kalshi KXETHPERP+0.0142%8h2,752.5+0.033%$7.8M$674.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0171%8h2,754.1+0.089%$32.4M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,751.7+0.005%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,753+0.051%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0220%1h2,751.5−0.002%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0353%1h2,752.5+0.033%$89.5M$316.6M100xas long as short