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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 03:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.002%
Price spread now: Coinbase International against SunX+0.065%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on SunXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.065%, 7d avg +0.051%
Together, before fees+0.043%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,739.10.0100pay 0.0100% / 8h4h 54m$960K$11.4M100x
ShortCoinbase International ETH-PERP-INTX2,740.90.0112get 0.0014% / 1h54m 17s$52.2M$4.26B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$2.52
Price spread: +0.065% → +0.051%
$1.34
Slippage, 4 orders
−$3.33
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$17.47
Costs to cover
0.213%
Break-even
55.5 days
Slippage from SunX: live order book, 5 min ago; Coinbase International: 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 ago0.62 bp6.5 bp −$76.6 bp −$669.9 bp −$986doesn't fit
Sell Coinbase International live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$507.0 bp −$70020.1 bp −$10.1K

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%43m2,741.2+0.076%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.1+0.036%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740.4+0.047%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739.2+0.002%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.070%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740+0.032%$182K$834K50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.4+0.010%$25.4M—200xas long as short
Phoenix ETH+0.0017%1h2,739−0.004%$832K$2.9M25xas long as short
BingX ETH-USDC+0.0055%8h2,739−0.004%—$18.5M—as long as short
SoDEX ETH-USD+0.0062%1h2,738.9−0.008%$54.6M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0065%1h2,738.5−0.023%$181K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,739.4+0.010%$1.68B$10.60B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,739.3+0.005%$380.8M$573.8M100xas long as short
Aster ETHUSDT+0.0084%8h2,739.4+0.008%$253.4M$840.3M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735.9−0.117%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0090%8h2,739−0.005%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,739.1−0.002%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,739.3+0.006%$112.5M$431.2M50xas long as short
Lighter RH ETH+0.0096%1h2,740.9+0.064%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3+0.079%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,740.3+0.043%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.2+0.186%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.4+0.010%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,739.6+0.016%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.7+0.094%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,740.8+0.063%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,739.2+0.004%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.1−0.001%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.4+0.046%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.060%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,739−0.004%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.3+0.007%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739.3+0.005%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.067%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.9−0.153%$181.8M$664.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.065%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.153%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,740.7+0.058%$21.2M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.8+0.060%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.9+0.065%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.3+0.043%$41.4M$29.7M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,739.1long leg$960K$11.4M100x
HTX ETH-USDT+0.0100%8h2,738.6−0.019%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,739.3+0.005%$266.2M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,738.1−0.038%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,740.9+0.065%$52.2M$4.26B50x
Aftermath Perps ETHUSD+0.0133%1h2,740.3+0.044%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,740.5+0.050%$7.7M$672.7M4.9xas long as short
Deribit ETH-PERPETUAL+0.0170%1h2,740.5+0.051%$260.0M$194.8M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,740.7+0.058%$32.2M$11.5M100xas long as short
BloFin ETH-USDT+0.0211%8h2,740.1+0.035%$285.8M$175.4M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,740+0.031%$86.0M$309.7M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,738.8−0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,741.6+0.091%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.2440%1h2,739.2+0.002%$21K$20K25xas long as short