ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h +0.020%

Price spread now: dYdX against SoDEX+0.018%7-day average +0.033% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$19 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.018%, 7d avg +0.033%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.195%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,731.8	0.0100	pay 0.0013% / 1h	16m 39s	$54.4M	$187.7M	40x
Short	dYdX ETH-USD	2,732.3	0.0007	get 0.0001% / 1h	16m 39s	$10.4M	$42.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee SoDEXbpFee dYdXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$19.58
Price spread: +0.018% → +0.033%: −$1.49
Slippage, 4 orders: −$7.65
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$46.71
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; dYdX: 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 SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.9 bp −$587	30.8 bp −$15.4K
Sell dYdX live order book, 3 min ago	2.75 bp	9.5 bp −$10	15.3 bp −$153	27.8 bp −$2,776	60.4 bp −$30.2K

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
Perpl ETH	−0.0447%	43m	2,731.7	−0.004%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	−0.018%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,731.7	−0.002%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,725.4	−0.234%	$815K	$3.0M	25x	as long as short
HTX ETH-USDT	−0.0002%	8h	2,731.8	−0.001%	$1.05B	$1.22B	200x	as long as short
dYdX ETH-USDshort	+0.0007%	1h	2,732.3	+0.018%	$10.4M	$42.6M	50x
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,732	+0.006%	$32.9M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.8	−0.037%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0034%	8h	2,732	+0.007%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,732.6	+0.029%	$191K	$847K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,731.7	−0.005%	$2.35B	$4.41B	150x	as long as short
SunX ETH-USDT	+0.0079%	8h	2,731.2	−0.021%	$958K	$11.1M	100x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,732.1	+0.009%	$375.2M	$578.0M	100x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,731.6	−0.007%	$181K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0084%	1h	2,726.9	−0.181%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0091%	8h	2,732.1	+0.013%	$252.4M	$846.1M	200x	as long as short
Phemex ETHUSDT	+0.0092%	8h	2,731.9	+0.004%	$263.3M	$65.0M	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,731.9	+0.005%	$1.54B	$2.60B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,732.5	+0.024%	$112.5M	$435.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733.6	+0.064%	$23.5M	$104.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.6	−0.080%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0097%	8h	2,731.9	+0.003%	$6.34B	$16.11B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0097%	8h	2,731.8	0.000%	$1.66B	$10.88B	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.7	−0.004%	$505K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,736	+0.153%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.7	−0.004%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734	+0.081%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732.9	+0.039%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.5	−0.048%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.6	+0.030%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.340%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.9	+0.002%	$3.29B	$9.04B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732	+0.007%	$2.09B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.3	−0.018%	$14.9M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.5	−0.268%	$133.3M	$327.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.3	−0.236%	$184.6M	$678.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−0.008%	$158.9M	$87.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,729.9	−0.069%	$8.7M	$31.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.7	−0.004%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.2	+0.052%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.6	+0.066%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.1	+0.011%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,733.6	+0.065%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USDlong	+0.0100%	1h	2,731.8	long leg	$54.4M	$187.7M	40x
Extended ETH-USD	+0.0104%	1h	2,731.3	−0.020%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.1	+0.009%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,733	+0.042%	$49.7M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,732.8	+0.037%	$5.6M	$11.8M	25x	as long as short
Deribit ETH-PERPETUAL	+0.0131%	1h	2,733.1	+0.049%	$259.3M	$207.7M	50x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,731.9	+0.004%	$6.9M	$692.3M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,732.4	+0.023%	$83.3M	$311.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,734.2	+0.089%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,730.9	−0.034%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,733.1	+0.046%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0382%	8h	2,731.9	+0.002%	$281.6M	$174.8M	150x	as long as short