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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 01:38 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.050%
Price spread now: Perpl against SunX−0.026%7-day average +0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.026%, 7d avg +0.032%
Together, before fees+0.300%+ Points / potential airdropPerpl: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Perpl is 0.057% cheaper against SunX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,740.70.0100pay 0.0100% / 8h5h 45m$961K$11.5M100x
ShortPerpl ETH2,740−0.0112pay 0.0010% / 43m33m 51s$304K$5.6M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$44.44
Price spread: −0.026% → +0.032%
−$5.73
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$71.97
Costs to cover
0.218%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Perpl: 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, 3 min ago0.24 bp7.0 bp −$77.1 bp −$718.3 bp −$82911.1 bp −$5,539
Sell Perpl no order-book sample—————
Perpl: 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 ETHshort−0.0112%43m2,740−0.026%$304K$5.6M8.3x
Hotstuff ETH-PERP−0.0080%1h2,738.9−0.066%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.146%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.4+0.026%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.1−0.059%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.7+0.034%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,741.9+0.043%$845K$2.9M25xas long as short
BingX ETH-USDT+0.0047%8h2,741.3+0.021%—$1.15B—as long as short
01 Exchange ETHUSD+0.0048%1h2,740.9+0.007%$182K$916K50xas long as short
OKX ETH-USDT-SWAP+0.0061%8h2,741.4+0.026%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,741.5+0.028%$376.5M$597.6M100xas long as short
Aster ETHUSDT+0.0076%8h2,741.4+0.026%$251.8M$841.3M200xas long as short
RISEx ETH/USDC+0.0077%1h2,740.4−0.013%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,738.7−0.075%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0087%8h2,741+0.012%$1.57B$2.52B500xas long as short
Binance ETHUSDT+0.0087%8h2,741.3+0.022%$6.38B$15.72B150xas long as short
Bullet ETH-USD+0.0095%1h2,741+0.010%$181K$1.7M20xas long as short
HTX ETH-USDT+0.0096%8h2,740.9+0.005%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,741.4+0.024%$112.7M$431.7M50xas long as short
Lighter RH ETH+0.0096%1h2,742.7+0.071%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.1−0.095%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.8+0.040%$59.0M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,743.3+0.095%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,739.5−0.044%$473K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.9+0.006%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.7+0.109%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,739.9−0.030%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.4+0.026%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739−0.062%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.4−0.011%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.3+0.095%$163.1M$304.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.5+0.029%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.3+0.022%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.7+0.001%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.012%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,741.1+0.016%$181.5M$691.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6+0.252%$159.8M$81.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9+0.008%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,739.8−0.033%$21.2M$69.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.4+0.026%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.5+0.029%$10.7M$8.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.2+0.017%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,743.1+0.088%$41.6M$29.6M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,740.7long leg$961K$11.5M100x
SoDEX ETH-USD+0.0100%1h2,740.9+0.007%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8+0.005%$266.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,740.4−0.011%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.1+0.087%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,742.1+0.050%$258.8M$195.6M50xas long as short
Kalshi KXETHPERP+0.0151%8h2,741.1+0.014%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,743.9+0.116%$32.3M$11.0M100xas long as short
BloFin ETH-USDT+0.0207%8h2,737.8−0.105%—$176.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.4+0.024%$87.3M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,740.7−0.002%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9+0.005%$249K$1.4M20xas long as short