ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.010%

Price spread now: SoDEX against Arcus−0.003%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Arcus Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now −0.003%, 7d avg −0.046%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.043% dearer against Arcus than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.046%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,740	0.0100	pay 0.0013% / 1h	6m 06s	$2.8M	$16.3M	25x
Short	SoDEX ETH-USD	2,739.9	0.0080	get 0.0010% / 1h	6m 06s	$54.6M	$187.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee SoDEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$4.21
Price spread: −0.003% → −0.046%: $4.33
Slippage, 4 orders: −$1.86
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.24
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; SoDEX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.13 bp	2.6 bp −$3	2.7 bp −$27	17.9 bp −$1,789	doesn't fit
Sell SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	6.0 bp −$595	35.1 bp −$17.6K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,739.7	−0.010%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,735.6	−0.160%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,740.2	+0.007%	$12.0M	—	200x	as long as short
Perpl ETH	0.0000%	43m	2,739.8	−0.008%	$304K	$5.6M	8.3x	as long as short
dYdX ETH-USD	0.0000%	1h	2,740.6	+0.023%	$10.8M	$41.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,740.3	+0.011%	$25.3M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,744.6	+0.169%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,739.7	−0.010%	$182K	$836K	50x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	2,743.4	+0.124%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDC	+0.0054%	8h	2,739.3	−0.025%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0068%	8h	2,739	−0.035%	$1.70B	$10.54B	100x	as long as short
Bullet ETH-USD	+0.0071%	1h	2,739.7	−0.010%	$181K	$1.7M	20x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,740.1	+0.005%	$381.6M	$575.0M	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,739.8	−0.007%	$5.6M	$11.4M	25x	as long as short
SoDEX ETH-USDshort	+0.0080%	1h	2,739.9	−0.003%	$54.6M	$187.5M	40x
Aster ETHUSDT	+0.0085%	8h	2,739.7	−0.009%	$253.5M	$840.6M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,739.8	−0.006%	$1.57B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,739.2	−0.029%	$6.37B	$15.68B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,740.5	+0.018%	$112.5M	$436.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,741.7	+0.061%	$24.6M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,740.7	+0.027%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,736.9	−0.114%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,741.8	+0.066%	$54.4M	$4.25B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,743.5	+0.127%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.7	−0.010%	$472K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739	−0.035%	$13.9M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742.3	+0.085%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.4	+0.014%	$31.7M	$333.8M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,739.1	−0.033%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.7	−0.010%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,740	long leg	$2.8M	$16.3M	25x
Bulk ETH-USD	+0.0100%	1h	2,746.6	+0.241%	$165.7M	$303.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,740	+0.001%	$3.39B	$8.78B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.9	−0.002%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.9	−0.004%	$15.0M	$39.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.1	−0.033%	$133.1M	$325.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.3	+0.120%	$182.3M	$665.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.7	+0.136%	$159.5M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,742.8	+0.103%	$21.2M	$68.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.7	+0.027%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.4	+0.015%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.8	+0.065%	$41.5M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,738.6	−0.049%	$961K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,739.4	−0.020%	$1.06B	$1.18B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,740.7	+0.026%	$266.4M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,739.3	−0.025%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0135%	1h	2,743.8	+0.138%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,740.7	+0.026%	$7.7M	$670.8M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0170%	1h	2,741.7	+0.064%	$260.0M	$195.3M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,742.1	+0.078%	$32.3M	$11.4M	100x	as long as short
BloFin ETH-USDT	+0.0214%	8h	2,741.6	+0.059%	$284.7M	$179.3M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,741.3	+0.049%	$86.4M	$310.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0227%	1h	2,738.8	−0.044%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,742.6	+0.095%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0318%	1h	2,740.4	+0.014%	$21K	$20K	25x	as long as short