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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 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.004%
Price spread now: SoDEX against Binance−0.003%7-day average −0.012% · 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−$18as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on BinanceShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.003%, 7d avg −0.012%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,7290.0089pay 0.0089% / 8h3h 23m$6.34B$15.93B150x
ShortSoDEX ETH-USD2,728.90.0090get 0.0011% / 1h23m 56s$54.3M$187.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.32
Price spread: −0.003% → −0.012%
$0.9
Slippage, 4 orders
−$0.4
Fee Binance: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$17.18
Costs to cover
0.184%
Break-even
382.0 days
Slippage from Binance: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago0.02 bp5.0 bp −$55.0 bp −$506.8 bp −$6799.4 bp −$4,693
Sell SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.3 bp −$436.1 bp −$61436.8 bp −$18.4K

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%43m2,729.2+0.009%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.5+0.019%$5K$1K50xas long as short
HTX ETH-USDT−0.0016%8h2,728.3−0.026%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.4+0.014%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,739+0.367%$821K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.4+0.016%$28.0M—200xas long as short
dYdX ETH-USD+0.0009%1h2,729.7+0.027%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0025%1h2,728.9−0.004%$177K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,728.4−0.021%—$18.5M—as long as short
Bybit ETHUSDT+0.0038%8h2,728.7−0.011%$2.36B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,729.8+0.030%$186K$815K50xas long as short
Deribit ETH-PERPETUAL+0.0065%1h2,730.2+0.044%$259.5M$200.2M50xas long as short
SunX ETH-USDT+0.0066%8h2,728−0.037%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0067%8h2,7290.000%$379.0M$574.1M100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,732.1+0.113%$8.6M$31.2M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,728.4−0.021%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0080%8h2,729+0.001%$250.6M$841.1M200xas long as short
Phemex ETHUSDT+0.0086%8h2,729+0.002%$264.5M$65.1M150xas long as short
Aevo ETH-PERP+0.0088%1h2,727.6−0.049%$4.9M$155K20xas long as short
Binance ETHUSDTlong+0.0089%8h2,729long leg$6.34B$15.93B150x
MEXC ETH_USDT+0.0089%8h2,729.1+0.005%$1.54B$2.57B500xas long as short
SoDEX ETH-USDshort+0.0090%1h2,728.9−0.003%$54.3M$187.7M40x
Lighter ETH+0.0096%1h2,729.5+0.020%$112.3M$433.8M50xas long as short
Lighter RH ETH+0.0096%1h2,730.5+0.056%$23.4M$104.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729.6+0.021%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.151%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.6+0.023%$498K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.1+0.079%$15.6M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.002%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.6+0.096%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730.8+0.069%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.1+0.005%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.7+0.063%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.273%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.2+0.009%$3.33B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.7−0.009%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.2+0.009%$14.9M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.024%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.8+0.104%$183.8M$670.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.208%$159.1M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733.2+0.155%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.3+0.049%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.4+0.052%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.8+0.032%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,731+0.074%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,727.7−0.048%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,730.3+0.049%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,733.5+0.167%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0113%8h2,730+0.038%$6.5M$684.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,729.7+0.027%$50.9M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,729.5+0.021%$83.2M$315.1M100xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,731.6+0.097%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0210%1h2,728.3−0.026%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,732.4+0.125%$242K$1.4M20xas long as short
BloFin ETH-USDT+0.0358%8h2,728.9−0.001%$282.7M$174.8M150xas long as short