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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Derive against SunX+0.092%7-day average +0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.092%, 7d avg +0.077%
Together, before fees+0.094%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,735.10.0100pay 0.0100% / 8h4h 31m$958K$11.4M100x
ShortDerive ETH-PERP2,737.60.0100get 0.0013% / 1h31m 38s$41.3M$29.8M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$0
Price spread: +0.092% → +0.077%
$1.49
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$12.51
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; Derive: no order-book sample. Net counts fees only.

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, 8 min ago0.55 bp6.8 bp −$76.8 bp −$689.0 bp −$89912.3 bp −$6,170
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,735.2+0.003%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.155%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.9+0.028%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.4+0.048%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.5+0.088%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.7+0.094%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,732−0.114%$829K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.5+0.050%$27.9M—200xas long as short
Bullet ETH-USD+0.0007%1h2,735.8+0.026%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,732.9−0.080%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0058%8h2,736.6+0.055%—$18.4M—as long as short
HTX ETH-USDT+0.0063%8h2,735−0.005%$1.06B$1.19B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,737.1+0.072%$380.3M$575.1M100xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,737.2+0.075%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0071%8h2,736.2+0.037%$265.9M$65.4M150xas long as short
Bybit ETHUSDT+0.0071%8h2,737.1+0.071%$2.39B$4.35B150xas long as short
SoDEX ETH-USD+0.0072%1h2,736.1+0.035%$54.5M$187.7M40xas long as short
Aster ETHUSDT+0.0084%8h2,737.4+0.081%$251.2M$844.0M200xas long as short
MEXC ETH_USDT+0.0088%8h2,737.4+0.084%$1.53B$2.56B500xas long as short
Aevo ETH-PERP+0.0088%1h2,733.3−0.067%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,737.4+0.081%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,737.8+0.099%$113.2M$438.5M50xas long as short
Lighter RH ETH+0.0096%1h2,739+0.141%$23.4M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736.2+0.041%—$30.8M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,741.3+0.224%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,737.9+0.102%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.2+0.076%$501K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.3+0.080%$13.8M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.4+0.156%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.3+0.117%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.4+0.046%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.9+0.102%$1.6M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.236%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.3+0.078%$3.35B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.4+0.084%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.4+0.045%$15.0M$39.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.6−0.313%$133.1M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.200%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3−0.177%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,735.6+0.017%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.2+0.041%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.090%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,736.1+0.034%$21K$20K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,737.6+0.092%$41.3M$29.8M15x
SunX ETH-USDTlong+0.0100%8h2,735.1long leg$958K$11.4M100x
Deribit ETH-PERPETUAL+0.0101%1h2,737.5+0.087%$260.2M$196.6M50xas long as short
Extended ETH-USD+0.0104%1h2,736.5+0.050%$30.3M$72.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.7+0.095%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,732.4−0.098%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0145%8h2,736+0.032%$6.6M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,738.6+0.126%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,735.2+0.003%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737+0.068%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,734.9−0.007%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,734−0.041%$283.4M$175.7M150xas long as short