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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 23:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.011%
Price spread now: Deribit against 01 Exchange+0.049%7-day average +0.018% · 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−$21as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on 01 ExchangeShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.041%+$4 on $10k
Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.049%, 7d avg +0.018%
Together, before fees−0.025%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.030% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,778.3−0.0040get 0.0005% / 1h59m 59s$169K$1.2M50x
ShortDeribit ETH-PERPETUAL2,779.70.0045get 0.0006% / 1h59m 59s$258.7M$222.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$17.85
Price spread: +0.049% → +0.018%
$3.05
Slippage, 4 orders
−$10.12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$3.22
Costs to cover
0.241%
Break-even
8.3 days
Slippage from 01 Exchange: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago0.18 bp8.9 bp −$912.2 bp −$122doesn't fitdoesn't fit
Sell Deribit live order book, 4 min ago0.09 bp3.6 bp −$46.1 bp −$6111.3 bp −$1,13022.2 bp −$11.1K

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%43m2,778.3+0.001%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.3−0.002%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.3+0.036%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.238%$119K$22.5M52xas long as short
01 Exchange ETHUSDlong−0.0040%1h2,778.3long leg$169K$1.2M50x
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.067%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.039%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.097%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.2+0.033%$22.4M—200xas long as short
BingX ETH-USDC+0.0014%8h2,777.4−0.033%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,777.9−0.016%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778−0.012%$270.6M$68.8M150xas long as short
Bullet ETH-USD+0.0022%1h2,778.3−0.002%$182K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.031%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,778.2−0.003%$254.8M$995.6M200xas long as short
Deribit ETH-PERPETUALshort+0.0045%1h2,779.7+0.049%$258.7M$222.8M50x
Nado ETH-PERP+0.0054%1h2,778.4+0.004%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.027%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,777.7−0.022%$1.60B$2.68B500xas long as short
SoDEX ETH-USD+0.0060%1h2,777.8−0.018%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,777.8−0.019%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1−0.079%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,777.8−0.019%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777.9−0.014%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0087%8h2,778.2−0.005%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,778.3+0.001%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,778.1−0.007%$423.5M$739.5M100xas long as short
Vest ETH-PERP+0.0096%1h2,778.5+0.008%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.30.000%$115.3M$503.7M50xas long as short
Lighter RH ETH+0.0096%1h2,779.7+0.051%$25.4M$122.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.5−0.029%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.4+0.004%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.8+0.090%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1−0.007%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.040%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.7+0.050%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.013%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778−0.012%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.086%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777−0.045%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.094%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.072%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.054%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.8+0.017%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.086%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.8−0.019%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,777.3−0.035%$32.6M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,779.3+0.035%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.033%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.30.000%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,781.2+0.104%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.029%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.067%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.30.000%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5−0.028%$270K$1.5M20xas long as short