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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−0.0080%/8h= −8.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.014%
Price spread now: OKX against SunX−0.021%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Long on SunXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.021%, 7d avg +0.009%
Together, before fees+0.020%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.030% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,774.30.0100pay 0.0100% / 8h31m 53s$972K$13.9M100x
ShortOKX ETH-USDT-SWAP2,773.70.0020get 0.0020% / 8h31m 53s$1.70B$11.87B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$16.85
Price spread: −0.021% → +0.009%
−$3.02
Slippage, 4 orders
−$2.67
Fee SunX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$40.54
Costs to cover
0.207%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; OKX: 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, 7 min ago1.32 bp5.3 bp −$55.4 bp −$546.9 bp −$6949.6 bp −$4,812
Sell OKX live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5857.4 bp −$3,692

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%43m2,774.30.000%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,774.9+0.023%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.275%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.009%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,775.4+0.040%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,775.2+0.034%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6+0.014%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,778.6+0.156%$879K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.3+0.039%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0011%1h2,777.2+0.105%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,773.6−0.023%—$1.21B—as long as short
OKX ETH-USDT-SWAPshort+0.0020%8h2,773.7−0.021%$1.70B$11.87B100x
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.2+0.034%$12.9M—200xas long as short
Phemex ETHUSDT+0.0031%8h2,774.5+0.008%$270.5M$69.0M150xas long as short
Aster ETHUSDT+0.0034%8h2,773.5−0.028%$256.4M$1.00B200xas long as short
Bullet ETH-USD+0.0048%1h2,774.4+0.007%$182K$1.7M20xas long as short
SoDEX ETH-USD+0.0048%1h2,773.5−0.027%$55.2M$229.1M40xas long as short
MEXC ETH_USDT+0.0061%8h2,773.5−0.027%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0062%8h2,773.5−0.027%$6.45B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,771.4−0.103%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,773.7−0.021%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,773.8−0.018%$3.29B$9.64B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,775.3+0.037%$259.0M$222.2M50xas long as short
KuCoin ETHUSDTM+0.0087%8h2,773.7−0.020%$421.5M$739.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,775+0.027%$60.0M$4.60B50xas long as short
Bybit ETHUSDT+0.0091%8h2,773.7−0.019%$2.51B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,775.1+0.029%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,774−0.009%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.4+0.005%$116.0M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,775.8+0.054%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.8+0.021%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.8−0.015%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.7+0.016%$478K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.8+0.020%$14.4M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.1+0.066%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,775.1+0.030%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.3+0.001%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.9+0.060%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.130%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774−0.009%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,775.8+0.054%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.7+0.089%$182.3M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5+0.081%$161.4M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,775.4+0.041%$21.5M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2+0.034%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1+0.030%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.4+0.076%$42.7M$29.4M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,774.3long leg$972K$13.9M100x
Extended ETH-USD+0.0104%1h2,773.1−0.040%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0117%8h2,775.2+0.034%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,774.7+0.016%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,777+0.099%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,774−0.010%$286.4M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,774.6+0.011%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,775.4+0.040%$252K$1.6M20xas long as short