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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 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against SunX+0.005%46s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.203% of the position
Long on SunXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.097%−$10 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.005%, 7d avg +0.020%
Together, before fees−0.067%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,721.50.0100pay 0.0100% / 8h24m 28s$954K$10.8M100x
ShortBinance ETHUSDT2,721.70.0090get 0.0090% / 8h24m 28s$6.30B$16.12B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
−$2.2
Price spread: +0.005% → +0.020%
−$1.46
Slippage, 4 orders
−$2.29
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$23.94
Costs to cover
0.203%
Break-even
never at this rate
Slippage from SunX: live order book, 5 min ago; Binance: live order book, 5 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 SunX live order book, 5 min ago0.20 bp6.0 bp −$66.2 bp −$627.8 bp −$78310.4 bp −$5,217
Sell Binance live order book, 5 min ago0.02 bp5.0 bp −$55.1 bp −$516.4 bp −$6368.5 bp −$4,262

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
Perpl ETH−0.0447%43m2,722.8+0.046%$277K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0181%8h2,722.7+0.044%$281.2M$177.3M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.5+0.072%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.3+0.102%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.1+0.058%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,723.5+0.071%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,723.2+0.061%$6.7M$679.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,722.9+0.050%$262.3M$212.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.1+0.056%$32.9M—200xas long as short
BingX ETH-USDC+0.0017%8h2,721.4−0.004%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,721.5−0.003%$2.31B$4.35B150xas long as short
HTX ETH-USDT+0.0030%8h2,722+0.018%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,722.5+0.036%$190K$884K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,727+0.201%$8.5M$31.6M100xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,723.8+0.083%$241K$1.4M20xas long as short
Injective ETH/USDC PERP+0.0050%1h2,723.9+0.087%$117K$21.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,722.6+0.039%$81.8M$310.4M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,721.7+0.007%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,721.6+0.001%$381.5M$577.7M100xas long as short
Aster ETHUSDT+0.0077%8h2,722+0.016%$252.1M$848.4M200xas long as short
Aevo ETH-PERP+0.0088%1h2,719.8−0.063%$4.9M$172K20xas long as short
Binance ETHUSDTshort+0.0090%8h2,721.7+0.005%$6.30B$16.12B150x
MEXC ETH_USDT+0.0090%8h2,721.8+0.011%$1.58B$2.58B500xas long as short
SoDEX ETH-USD+0.0092%1h2,722+0.017%$54.2M$182.7M40xas long as short
Lighter ETH+0.0096%1h2,722.2+0.025%$112.0M$432.4M50xas long as short
Lighter RH ETH+0.0096%1h2,723.6+0.075%$23.4M$102.3M50xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,725.6+0.151%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,721.8+0.010%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,726.5+0.182%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,721.5−0.001%$14.1M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.087%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,722.9+0.052%$31.9M$333.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,721.8+0.010%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,722.3+0.027%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,721.9+0.014%$3.30B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,721.6+0.003%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,722.9+0.050%$14.9M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722+0.016%$133.5M$316.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.1+0.168%$185.4M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7+0.154%$158.4M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,724.5+0.109%$20.9M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,723.6+0.078%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,723+0.054%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,722.7+0.044%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,722.8+0.045%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,723.7+0.081%$40.8M$29.9M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,721.5long leg$954K$10.8M100x
Phemex ETHUSDT+0.0100%8h2,722.6+0.038%$262.4M$64.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,727.2+0.208%$162.8M$356.2M25xas long as short
Extended ETH-USD+0.0104%1h2,720.9−0.024%$30.4M$71.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,723.1+0.058%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,723.4+0.068%$46.5M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,722.2+0.024%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0180%1h2,721.9+0.014%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,724.8+0.121%$32.1M$11.2M100xas long as short