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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 22:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.010%
Price spread now: Arcus against 01 Exchange+0.064%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on 01 ExchangeShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.055%+$5 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.064%, 7d avg +0.011%
Together, before fees+0.040%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Arcus is 0.053% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,778.3−0.0048get 0.0006% / 1h17m 02s$172K$1.2M50x
ShortArcus ETH-USD2,780.10.0100get 0.0013% / 1h17m 02s$2.8M$17.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against 01 Exchange. 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
$31.08
Price spread: +0.064% → +0.011%
$5.32
Slippage, 4 orders
−$10.83
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$14.06
Costs to cover
0.223%
Break-even
3.8 days
Slippage from 01 Exchange: live order book, 2 min ago; Arcus: 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 01 Exchange live order book, 2 min ago0.18 bp6.7 bp −$712.2 bp −$122doesn't fitdoesn't fit
Sell Arcus live order book, 2 min ago0.23 bp2.8 bp −$33.1 bp −$315.4 bp −$540doesn't fit

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%43m2,777.7−0.021%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.061%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7+0.014%$5K$2K50xas long as short
01 Exchange ETHUSDlong−0.0048%1h2,778.3long leg$172K$1.2M50x
Phoenix ETH−0.0023%1h2,778.2−0.004%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3−0.001%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,776.1−0.080%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.9−0.015%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.7+0.051%$22.5M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,779.2+0.032%$267.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,778.1−0.007%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,779.6+0.048%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,779+0.025%$257.0M$995.4M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7−0.022%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,777.7−0.020%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,779.1+0.030%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,779.4+0.040%$6.45B$17.22B150xas long as short
Gate ETH_USDT+0.0074%8h2,778.9+0.020%$3.29B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,779+0.023%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,779+0.025%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8−0.055%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,779.5+0.043%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.1+0.101%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.051%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1−0.006%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1−0.007%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.8−0.055%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.8+0.126%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5+0.007%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.4+0.003%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.047%$2.9M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,780.1+0.064%$2.8M$17.4M25x
Bulk ETH-USD+0.0100%1h2,778.1−0.007%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.1+0.029%$423.3M$741.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,778.7+0.015%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.048%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9−0.085%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.095%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8−0.054%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,778.5+0.007%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.6+0.047%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.5+0.042%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.4+0.113%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,778.3+0.001%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.1+0.029%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,778.6+0.012%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,778.7+0.013%$31.4M$75.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.6+0.084%$60.1M$4.64B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,780.8+0.091%$258.5M$225.1M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.6+0.011%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0134%8h2,782+0.134%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.022%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,778.1−0.007%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,780.5+0.079%$86.9M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,778.4+0.003%$283K$1.5M20xas long as short