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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 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.010%
Price spread now: Pacifica against BingX+0.054%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Long on BingXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.054%, 7d avg +0.050%
Together, before fees+0.004%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,732.90.0055pay 0.0055% / 8h4h 49m—$18.4M—
ShortPacifica ETH2,734.40.0100get 0.0013% / 1h49m 38s$31.7M$333.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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
$9.41
Price spread: +0.054% → +0.050%
$0.46
Slippage, 4 orders
−$0.73
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$8.86
Costs to cover
0.187%
Break-even
13.6 days
Slippage from BingX: live order book, 4 min ago; Pacifica: 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 BingX live order book, 4 min ago0.18 bp5.2 bp −$55.4 bp −$547.0 bp −$69910.2 bp −$5,105
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn't fitdoesn'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−0.0447%43m2,734.7+0.064%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.233%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.190%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735+0.077%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.6+0.061%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735+0.076%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.303%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735+0.077%$25.7M—200xas long as short
Bullet ETH-USD+0.0045%1h2,734.5+0.058%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0050%1h2,734.3+0.050%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDClong+0.0055%8h2,732.9long leg—$18.4M—
OKX ETH-USDT-SWAP+0.0072%8h2,732.6−0.012%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,733.9+0.034%$379.7M$573.6M100xas long as short
Aster ETHUSDT+0.0084%8h2,732.9−0.001%$252.7M$841.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,732.1−0.031%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,733.7+0.029%$6.35B$15.73B150xas long as short
MEXC ETH_USDT+0.0091%8h2,732.5−0.015%$1.55B$2.53B500xas long as short
Lighter ETH+0.0096%1h2,734.2+0.047%$112.5M$432.9M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.045%$24.1M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.6+0.099%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.3+0.087%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.8+0.179%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734+0.040%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5+0.059%$13.9M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.1+0.116%$3.10B$2.06B25xas long as short
Pacifica ETHshort+0.0100%1h2,734.4+0.054%$31.7M$333.8M50x
Bybit ETHUSDT+0.0100%8h2,732.5−0.016%$2.41B$4.22B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7−0.045%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6−0.014%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.287%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734+0.038%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.6−0.011%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.8+0.034%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9+0.072%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.185%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.222%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.184%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.113%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.9+0.108%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736+0.113%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.111%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.1+0.044%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,734.2+0.048%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,734.4+0.056%$265.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,731.8−0.042%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.7+0.103%$51.2M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,738.6+0.208%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,735.5+0.094%$7.7M$673.3M4.9xas long as short
Deribit ETH-PERPETUAL+0.0185%1h2,736+0.112%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.6+0.133%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5+0.095%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.1+0.080%$85.4M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,733.9+0.035%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736.9+0.144%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.1204%1h2,735+0.077%$21K$20K25xas long as short