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Funding arb /

ETH

all ETH markets
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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.

Funding spread now, next payment 18:00 UTC−0.0097%/8h
next payment, per $10,000−$0.12paid, last 24h−0.007%paid, last 3 days−0.130%to open and close $10k−$19
Long on BackpackShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ETH_USDC_PERP2,748.70.0100pay 0.0013% / 1h33m 51s$15.5M$40.1M50x
ShortSoDEX ETH-USD2,748.50.0003get 0.0000% / 1h33m 51s$55.5M$162.0M40x

Funding history

latest
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Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$20.44
Slippage, 4 orders
−$0.55
Fee Backpack: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$38.99
Break-even
never at this rate
Slippage from Backpack: live order book, 2 min ago; SoDEX: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.007%
Avg gap 7d
−0.005%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 2 min ago0.02 bp5.1 bp −$55.8 bp −$588.9 bp −$887doesn't fit
Sell SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$57330.5 bp −$15.3K

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$359K$6.2M8.3xas long as short
Injective ETH/USDC PERP−0.0275%1h$118K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0116%1h$8.0M$27.9M100xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.8M—200xas long as short
dYdX ETH-USD−0.0008%1h$13.7M$37.4M50xas long as short
SoDEX ETH-USDshort+0.0003%1h$55.5M$162.0M40x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
BingX ETH-USDC+0.0010%8h—$16.9M—as long as short
OKX ETH-USDT-SWAP+0.0012%8h$1.72B$11.01B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange ETHUSD+0.0024%1h$180K$1.2M50xas long as short
Bulk ETH-USD+0.0030%1h$160.2M$270.4M25xas long as short
Phemex ETHUSDT+0.0054%8h$265.1M$65.6M150xas long as short
Aevo ETH-PERP+0.0056%1h$5.0M$686K20xas long as short
MEXC ETH_USDT+0.0059%8h$1.56B$2.42B500xas long as short
Deribit ETH-PERPETUAL+0.0059%1h$258.5M$205.1M50xas long as short
Binance ETHUSDT+0.0059%8h$6.53B$15.82B150xas long as short
Gate ETH_USDT+0.0077%8h$3.40B$8.86B200xas long as short
Phoenix ETH+0.0078%1h$1.3M$2.2M25xas long as short
HTX ETH-USDT+0.0081%8h$1.09B$1.18B200xas long as short
Bitget ETHUSDT+0.0083%8h$2.10B$3.03B150xas long as short
Bullet ETH-USD+0.0084%1h$196K$1.8M20xas long as short
Extended ETH-USD+0.0088%1h$31.7M$75.1M50xas long as short
SunX ETH-USDT+0.0093%8h$952K$14.3M100xas long as short
Lighter ETH+0.0096%1h$115.8M$493.1M50xas long as short
Lighter RH ETH+0.0096%1h$25.3M$119.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.5M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h$474K$2.2M50xas long as short
Nado ETH-PERP+0.0100%1h$17.6M$110.6M50xas long as short
Aster ETHUSDT+0.0100%8h$269.9M$929.9M200xas long as short
Pacifica ETH+0.0100%1h$31.1M$234.0M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.51B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$15.0M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$439.9M$678.5M100xas long as short
Backpack ETH_USDC_PERPlong+0.0100%1h$15.5M$40.1M50x
Variational Omni ETH+0.0100%8h$145.4M$312.1M—as long as short
edgeX ETHUSDC+0.0100%4h$178.3M$750.5M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$51.5M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$26K25xas long as short
Derive ETH-PERP+0.0100%1h$42.4M$29.6M15xas long as short
RISEx ETH/USDC+0.0105%1h$5.8M$12.0M25xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.5M$4.58B50xas long as short
Hyperliquid ETH+0.0137%1h$3.25B$2.10B25xas long as short
Kalshi KXETHPERP+0.0145%8h$9.6M$587.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0165%8h$32.3M$10.7M100xas long as short
BloFin ETH-USDT+0.0179%8h$294.1M$173.6M150xas long as short
Reya ETHRUSDPERP+0.0189%1h$7.3M$933K25xas long as short
Hibachi ETH/USDT-P+0.0208%1h$283K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0208%1h$84.9M$320.3M100xas long as short
Aftermath Perps ETHUSD+0.0272%1h$29K$20K20xas long as short