ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0123%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.001%

Price spread now: 01 Exchange against SoDEX+0.112%7-day average +0.036% · 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−$16as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on SoDEX Short on 01 Exchange

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)−0.042%−$4 · spread now +0.112%, 7d avg +0.036%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.076% dearer against SoDEX than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.036%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.028% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,773.4	0.0091	pay 0.0011% / 1h	35m 32s	$55.2M	$228.8M	40x
Short	01 Exchange ETHUSD	2,776.5	−0.0032	pay 0.0004% / 1h	35m 32s	$169K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.112%Rate

Funding earned: −$25.73
Price spread: +0.112% → +0.036%: $7.61
Slippage, 4 orders: −$8.35
Fee SoDEX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$41.47
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; 01 Exchange: live order book, 4 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, 4 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.6 bp −$557	33.3 bp −$16.6K
Sell 01 Exchange live order book, 4 min ago	0.18 bp	7.9 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit

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	2,774	+0.023%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776.5	+0.111%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776.1	+0.097%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,777.1	+0.133%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSDshort	−0.0032%	1h	2,776.5	+0.112%	$169K	$1.2M	50x
Aftermath Perps ETHUSD	−0.0023%	1h	2,777.7	+0.157%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.1	+0.062%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.231%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,774.8	+0.050%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.4	+0.108%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,773.8	+0.013%	$269.8M	$68.5M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,776.8	+0.123%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,774.5	+0.040%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0035%	8h	2,776.8	+0.123%	$256.6M	$989.7M	200x	as long as short
Bullet ETH-USD	+0.0040%	1h	2,773.6	+0.007%	$180K	$1.7M	20x	as long as short
Nado ETH-PERP	+0.0058%	1h	2,775.8	+0.088%	$14.2M	$117.8M	50x	as long as short
MEXC ETH_USDT	+0.0061%	8h	2,775.7	+0.081%	$1.62B	$2.65B	500x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,776.8	+0.124%	$6.45B	$17.10B	150x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,773.3	−0.003%	$5.0M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,777.3	+0.141%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,776.5	+0.113%	$3.29B	$9.58B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0078%	1h	2,775.2	+0.066%	$258.3M	$221.9M	50x	as long as short
SoDEX ETH-USDlong	+0.0091%	1h	2,773.4	long leg	$55.2M	$228.8M	40x
HTX ETH-USDT	+0.0095%	8h	2,772.9	−0.018%	$1.08B	$1.32B	200x	as long as short
Bybit ETHUSDT	+0.0095%	8h	2,776.9	+0.128%	$2.52B	$4.59B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,775.7	+0.081%	$114.9M	$498.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.8	+0.121%	$25.4M	$121.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,776	+0.094%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTM	+0.0099%	8h	2,774.6	+0.044%	$426.2M	$738.0M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,774.4	+0.035%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.8	+0.123%	$480K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,777	+0.130%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,775.8	+0.087%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.9	+0.090%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,778.5	+0.184%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.286%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,773.8	+0.016%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,781.7	+0.299%	$135.5M	$322.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.2	+0.102%	$179.9M	$779.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,776.3	+0.103%	$161.5M	$91.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,777.9	+0.161%	$8.7M	$32.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.4	+0.072%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.8	+0.121%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,778.6	+0.187%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,775.1	+0.061%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,776.5	+0.110%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,774.7	+0.046%	$974K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776	+0.094%	$31.5M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,774.1	+0.025%	$60.2M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,776.1	+0.097%	$8.7M	$673.6M	4.9x	as long as short
Hibachi ETH/USDT-P	+0.0136%	1h	2,777.9	+0.162%	$279K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0138%	8h	2,776.8	+0.123%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,774.2	+0.030%	$86.1M	$330.4M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,775.5	+0.076%	$284.7M	$194.4M	150x	as long as short
Reya ETHRUSDPERP	+0.0190%	1h	2,777.2	+0.139%	$7.4M	$1.1M	25x	as long as short