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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.010%
Price spread now: SunX against SoDEX−0.009%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Long on SoDEXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.009%, 7d avg −0.007%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,725.40.0065pay 0.0008% / 1h36m 13s$54.3M$187.3M40x
ShortSunX ETH-USDT2,725.20.0085get 0.0085% / 8h1h 36m$955K$11.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$4.06
Price spread: −0.009% → −0.007%
−$0.2
Slippage, 4 orders
−$6.64
Fee SoDEX: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$18.78
Costs to cover
0.226%
Break-even
39.4 days
Slippage from SoDEX: live order book, 3 min ago; SunX: live order book, 13 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, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$57030.5 bp −$15.3K
Sell SunX live order book, 13 min ago2.11 bp8.2 bp −$88.9 bp −$8911.2 bp −$1,123doesn't fit

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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.073%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.40.000%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3+0.033%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.081%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.9+0.018%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.073%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9+0.017%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.1+0.026%$6.7M$689.0M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.4+0.035%$262.6M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.2+0.028%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.3−0.003%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.1+0.026%$192K$895K50xas long as short
BingX ETH-USDT+0.0027%8h2,725.5+0.004%—$1.11B—as long as short
Bybit ETHUSDT+0.0033%8h2,725.7+0.010%$2.34B$4.42B150xas long as short
SoDEX ETH-USDlong+0.0065%1h2,725.4long leg$54.3M$187.3M40x
KuCoin ETHUSDTM+0.0072%8h2,725.6+0.007%$376.0M$577.6M100xas long as short
Aster ETHUSDT+0.0083%8h2,726+0.022%$251.9M$850.0M200xas long as short
SunX ETH-USDTshort+0.0085%8h2,725.2−0.009%$955K$11.1M100x
Aftermath Perps ETHUSD+0.0086%1h2,727+0.060%$30K$20K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,725.6+0.006%$1.65B$10.92B100xas long as short
Aevo ETH-PERP+0.0088%1h2,723.1−0.083%$4.9M$165K20xas long as short
MEXC ETH_USDT+0.0090%8h2,725.9+0.017%$1.52B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,725.9+0.017%$6.32B$16.18B150xas long as short
Lighter ETH+0.0096%1h2,726.2+0.030%$112.0M$434.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.7+0.085%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3−0.004%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.2+0.141%$15.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.5+0.004%$179K$1.7M20xas long as short
Nado ETH-PERP+0.0100%1h2,725.3−0.003%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.4+0.073%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.042%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.1+0.025%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.069%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.7+0.009%$3.29B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.6+0.008%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4−0.002%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2+0.028%$133.5M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.031%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.045%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726.9+0.055%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.6+0.045%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.4+0.037%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.1+0.024%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.090%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.1+0.024%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,724.8−0.022%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.9+0.017%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.3+0.070%$50.2M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.1+0.026%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.1+0.100%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0192%1h2,724.1−0.048%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.3+0.035%$83.2M$311.0M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,727.7+0.083%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2+0.028%$281.8M$175.4M150xas long as short