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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%
Price spread now: Extended against SunX+0.012%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Long on SunXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.012%, 7d avg −0.014%
Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.026% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,778.30.0100pay 0.0100% / 8h2h 17m$974K$14.2M100x
ShortExtended ETH-USD2,778.70.0104get 0.0013% / 1h17m 11s$31.4M$75.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.012% → −0.014%
$2.62
Slippage, 4 orders
−$6.57
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$16.11
Costs to cover
0.196%
Break-even
141.2 days
Slippage from SunX: live order book, 12 min ago; Extended: live order book, 2 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, 12 min ago0.70 bp7.7 bp −$87.9 bp −$7910.8 bp −$1,078doesn't fit
Sell Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$275.7 bp −$57213.9 bp −$6,946

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−0.0112%43m2,777.7−0.022%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.063%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7+0.013%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,778.3−0.001%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2−0.005%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3−0.002%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,776.1−0.081%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.9−0.016%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.7+0.049%$22.5M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,779.2+0.031%$267.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,778.5+0.005%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,779.6+0.047%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,778.9+0.018%$257.0M$995.3M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7−0.024%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,777.7−0.022%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,779.4+0.039%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,779.5+0.043%$6.45B$17.22B150xas long as short
Gate ETH_USDT+0.0074%8h2,779+0.024%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0075%8h2,779.1+0.028%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,779+0.024%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8−0.057%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,779.5+0.042%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.1+0.100%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.049%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1−0.007%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1−0.009%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.8−0.057%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.9+0.092%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5+0.006%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.7+0.013%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.048%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.063%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1−0.009%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.1+0.028%$423.3M$741.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,778.9+0.020%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.070%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9−0.086%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.096%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8−0.055%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,778.5+0.006%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.6+0.045%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.5+0.040%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.4+0.112%$42.8M$29.4M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,778.3long leg$974K$14.2M100x
SoDEX ETH-USD+0.0100%1h2,779.1+0.027%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,778.6+0.011%$1.08B$1.32B200xas long as short
Extended ETH-USDshort+0.0104%1h2,778.7+0.012%$31.4M$75.7M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.6+0.082%$60.1M$4.64B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,780.8+0.089%$258.5M$225.1M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.6+0.009%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0134%8h2,782+0.132%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.021%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,778.1−0.009%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,780.5+0.078%$86.9M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,778.4+0.001%$283K$1.5M20xas long as short