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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.007%
Price spread now: Arcus against Binance+0.012%7-day average +0.026% · 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−$160.156% of the position
Long on BinanceShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.023%+$2 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.012%, 7d avg +0.026%
Together, before fees+0.011%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,727.20.0082pay 0.0082% / 8h3h 00m$6.33B$15.96B150x
ShortArcus ETH-USD2,727.60.0100get 0.0013% / 1h0m 57s$1.5M$16.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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
$3.7
Price spread: +0.012% → +0.026%
−$1.32
Slippage, 4 orders
−$1.06
Fee Binance: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$13.18
Costs to cover
0.156%
Break-even
31.9 days
Slippage from Binance: live order book, 13 min ago; Arcus: live order book, 3 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 Binance live order book, 13 min ago0.02 bp5.0 bp −$55.1 bp −$516.5 bp −$6558.7 bp −$4,367
Sell Arcus live order book, 3 min ago0.15 bp2.7 bp −$33.4 bp −$345.0 bp −$505doesn'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−0.0335%43m2,726.2−0.039%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727−0.009%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,726.6−0.022%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.1−0.005%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.171%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7+0.016%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2−0.002%$28.0M—200xas long as short
BingX ETH-USDC+0.0030%8h2,726.5−0.026%—$18.5M—as long as short
Bybit ETHUSDT+0.0036%8h2,726.9−0.013%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0041%1h2,726.9−0.013%$178K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.9+0.024%$186K$784K50xas long as short
SunX ETH-USDT+0.0056%8h2,726.1−0.042%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0063%8h2,727.2−0.003%$377.7M$575.1M100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,727.1−0.007%$8.7M$31.2M100xas long as short
Aster ETHUSDT+0.0076%8h2,726.9−0.012%$252.4M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.7−0.094%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0082%8h2,727.3+0.001%$1.56B$2.59B500xas long as short
Binance ETHUSDTlong+0.0082%8h2,727.2long leg$6.33B$15.96B150x
OKX ETH-USDT-SWAP+0.0083%8h2,727−0.009%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0088%8h2,727−0.010%$264.1M$63.9M150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,728.5+0.048%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.6+0.012%$112.0M$437.7M50xas long as short
Lighter RH ETH+0.0096%1h2,728.9+0.062%$23.4M$105.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.8−0.017%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.061%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.020%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.055%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.3−0.036%$13.8M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.5+0.083%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.6+0.013%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.8−0.053%$2.7M$16.7M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,727.6+0.012%$1.5M$16.0M25x
Gate ETH_USDT+0.0100%8h2,727.3+0.004%$3.33B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.1−0.007%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.8−0.015%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2−0.038%$134.1M$323.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.5+0.046%$183.5M$672.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.083%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,727−0.009%$21.0M$73.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,728+0.029%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.6+0.050%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8−0.016%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.8+0.058%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.2−0.002%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.011%$164.5M$309.8M25xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728.4+0.042%$258.5M$202.8M50xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.019%$30.6M$73.7M50xas long as short
RISEx ETH/USDC+0.0107%1h2,727.5+0.011%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0111%8h2,727.4+0.006%$6.4M$688.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,728.3+0.037%$50.3M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.8+0.020%$82.8M$316.7M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.1+0.069%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726.7−0.021%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,727.9+0.024%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,727.2−0.001%$281.6M$174.5M150xas long as short