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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.028%
Price spread now: Orderly against SunX+0.101%7-day average +0.099% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.180%+$18 on $10k
Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.101%, 7d avg +0.099%
Together, before fees+0.211%+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,768.50.0100pay 0.0100% / 8h7h 21m$970K$13.1M100x
ShortOrderly PERP_ETH_USDC2,771.30.0154get 0.0154% / 8h7h 21m$32.6M$11.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$11.28
Price spread: +0.101% → +0.099%
$0.17
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$2.55
Costs to cover
0.140%
Break-even
8.6 days
Slippage unknown: SunX: live order book, 8 min ago; Orderly: 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 ago2.96 bp15.8 bp −$1635.7 bp −$35739.9 bp −$3,99543.1 bp −$21.6K
Sell Orderly no order-book sample—————
Orderly: 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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.305%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,768.2−0.008%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,768.3−0.007%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.6+0.042%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,768.3−0.005%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.128%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.2+0.027%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769+0.020%$22.4M—200xas long as short
Bullet ETH-USD+0.0020%1h2,768.2−0.009%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,768.5+0.003%$1.71B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0034%1h2,768.7+0.009%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.8+0.014%$12.7M—200xas long as short
Aster ETHUSDT+0.0049%8h2,769+0.018%$256.1M$885.2M200xas long as short
Gate ETH_USDT+0.0058%8h2,768−0.016%$3.37B$9.04B200xas long as short
Phemex ETHUSDT+0.0062%8h2,768.1−0.013%$269.4M$67.4M150xas long as short
Binance ETHUSDT+0.0062%8h2,767.7−0.026%$6.48B$16.28B150xas long as short
MEXC ETH_USDT+0.0063%8h2,767.8−0.022%$1.62B$2.64B500xas long as short
Aevo ETH-PERP+0.0064%1h2,768.4−0.003%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,772.5+0.147%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,768.9+0.015%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770+0.057%$60.3M$4.42B50xas long as short
Vest ETH-PERP+0.0083%1h2,769+0.020%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,768.3−0.005%$420.1M$619.9M100xas long as short
Lighter ETH+0.0096%1h2,769.3+0.032%$114.9M$458.4M50xas long as short
Lighter RH ETH+0.0096%1h2,769.8+0.048%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,770.3+0.066%$259.1M$204.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.6+0.077%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.6+0.005%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768−0.014%$14.6M$113.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.5+0.074%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,768.7+0.009%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.3−0.005%$2.51B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.3−0.042%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8+0.011%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.159%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,767.5−0.034%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.1−0.012%$15.2M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.004%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.9+0.123%$182.0M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.264%$161.4M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.6+0.115%$8.7M$32.1M100xas long as short
StandX ETH-USD+0.0100%1h2,770.8+0.085%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.5+0.002%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.9+0.015%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.7+0.083%$42.6M$28.9M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,768.5long leg$970K$13.1M100x
HTX ETH-USDT+0.0100%8h2,768.3−0.007%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,768.1−0.012%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.8+0.047%—$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,769.8+0.049%$8.1M$679.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.3+0.067%$95.9M$319.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771+0.092%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDCshort+0.0154%8h2,771.3+0.101%$32.6M$11.1M100x
BloFin ETH-USDT+0.0182%8h2,768.7+0.009%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0212%1h2,768.3−0.006%$7.3M$1.1M25xas long as short