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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 00:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h −0.032%
Price spread now: GMX against SunX+0.032%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%−$1 on $10k
Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.032%, 7d avg +0.050%
Together, before fees+0.115%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,7700.0100pay 0.0100% / 8h10m 15s$973K$13.9M100x
ShortGMX ETH/USD [ETH-USDC]2,770.9L +0.0026% / S +0.0009%pay 0.0001% / 1h10m 15s$12.8M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$22.92
Price spread: +0.032% → +0.050%
−$1.88
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$44.8
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 9 min ago; GMX: 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, 9 min ago1.66 bp5.7 bp −$65.7 bp −$577.8 bp −$78511.1 bp −$5,569
Sell GMX no order-book sample—————
GMX: 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−0.0223%43m2,770.7+0.024%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,772.2+0.077%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.286%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5−0.018%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.017%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,772.2+0.079%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,770.9+0.034%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.065%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.1+0.038%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.5+0.016%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]shortL +0.0026% / S +0.0009%1h2,770.9+0.032%$12.8M—200x
Phemex ETHUSDT+0.0027%8h2,7700.000%$270.0M$68.9M150xas long as short
Aster ETHUSDT+0.0031%8h2,770−0.002%$255.6M$1.00B200xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,771.5+0.054%$29K$22K20xas long as short
SoDEX ETH-USD+0.0032%1h2,770.3+0.010%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.3+0.009%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0056%8h2,770.6+0.019%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,768.8−0.043%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0056%8h2,770.3+0.011%$6.45B$17.30B150xas long as short
Bitget ETHUSDT+0.0065%8h2,770.5+0.019%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,770.6+0.020%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,772.1+0.075%$420.9M$738.4M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,772.1+0.074%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.4+0.014%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,770−0.002%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.4+0.049%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.7−0.010%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.7+0.026%$115.1M$500.6M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.078%$25.3M$122.0M50xas long as short
Nado ETH-PERP+0.0096%1h2,771.4+0.052%$14.3M$118.2M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.9+0.032%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.2+0.042%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.4+0.050%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,773+0.108%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,771.8+0.065%$31.2M$315.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6−0.015%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.8+0.101%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.106%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.7−0.046%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.057%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.001%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.4+0.014%$161.1M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.018%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.7+0.061%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.7+0.061%$21K$24K25xas long as short
SunX ETH-USDTlong+0.0100%8h2,770long leg$973K$13.9M100x
Derive ETH-PERP+0.0100%1h2,773+0.106%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,770−0.002%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771+0.036%—$43.7M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,771.3+0.047%$8.2M$687.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.5+0.055%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.2+0.114%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.057%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.2+0.007%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,770.7+0.025%$252K$1.6M20xas long as short