ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h −0.006%

Price spread now: Phemex against BingX+0.014%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.014%, 7d avg +0.017%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ETH-USDC	2,730	0.0057	pay 0.0057% / 8h	4h 41m	—	$18.4M	—
Short	Phemex ETHUSDT	2,730.4	0.0100	get 0.0100% / 8h	4h 41m	$265.4M	$65.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee BingXbpFee PhemexbpOrdersPrice spread, now +0.014%Rate

Funding earned: $9.03
Price spread: +0.014% → +0.017%: −$0.3
Slippage, 4 orders: −$0.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$13.67
Costs to cover: 0.224%
Break-even: 17.6 days

Slippage from BingX: live order book, 12 min ago; Phemex: 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 BingX live order book, 12 min ago	0.18 bp	5.2 bp −$5	5.4 bp −$54	7.0 bp −$699	10.2 bp −$5,105
Sell Phemex live order book, 3 min ago	0.02 bp	6.0 bp −$6	8.1 bp −$81	11.3 bp −$1,134	16.0 bp −$8,008

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
Perpl ETH	−0.0447%	43m	2,729.8	−0.007%	$298K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,728.7	−0.047%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,729.9	−0.003%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.6	+0.022%	$11.9M	—	200x	as long as short
ApeX Omni ETHUSDT	−0.0005%	1h	2,729.9	−0.005%	$8.9M	$31.3M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.8	−0.007%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,730	+0.001%	$188K	$841K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,728.8	−0.043%	$832K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0006%	1h	2,729.9	−0.002%	$180K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,731.1	+0.042%	$26.2M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDClong	+0.0057%	8h	2,730	long leg	—	$18.4M	—
SoDEX ETH-USD	+0.0058%	1h	2,730.2	+0.008%	$54.4M	$187.6M	40x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,730.1	+0.005%	$380.3M	$576.1M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0073%	8h	2,730.7	+0.025%	$1.67B	$10.71B	100x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,730.5	+0.019%	$251.4M	$844.4M	200x	as long as short
HTX ETH-USDT	+0.0080%	8h	2,729.7	−0.011%	$1.05B	$1.20B	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,727.8	−0.080%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,730.6	+0.023%	$6.34B	$15.86B	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,730.6	+0.023%	$1.52B	$2.55B	500x	as long as short
Bybit ETHUSDT	+0.0089%	8h	2,730.2	+0.009%	$2.39B	$4.34B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.9	+0.032%	$111.9M	$435.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.8	+0.068%	$23.2M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,730.2	+0.009%	—	$30.6M	500x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,733.6	+0.134%	$15.6M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,730.5	+0.018%	$5.6M	$11.5M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.2	−0.029%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,729.7	−0.011%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733.5	+0.129%	$3.10B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.4	+0.015%	$31.6M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,729.3	−0.025%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,730.3	+0.011%	$2.8M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.6	+0.059%	$3.34B	$8.83B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.9	+0.034%	$2.07B	$2.75B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,730.2	+0.010%	$15.0M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,728.4	−0.058%	$133.1M	$325.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,730.8	+0.030%	$183.7M	$669.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.7	+0.025%	$158.9M	$86.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,730.4	+0.015%	$21.1M	$69.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.5	+0.018%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.2	+0.045%	$11.1M	$9.1M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.9	+0.070%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.1	−0.034%	$957K	$11.4M	100x	as long as short
Phemex ETHUSDTshort	+0.0100%	8h	2,730.4	+0.014%	$265.4M	$65.5M	150x
Bulk ETH-USD	+0.0100%	1h	2,730.9	+0.034%	$166.8M	$318.0M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.4	−0.021%	$30.4M	$72.6M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0105%	1h	2,731.7	+0.062%	$260.1M	$196.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.8	+0.066%	$51.5M	$4.26B	50x	as long as short
Aftermath Perps ETHUSD	+0.0123%	1h	2,731.4	+0.053%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0150%	8h	2,729.8	−0.007%	$6.5M	$677.7M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,732.8	+0.102%	$32.1M	$11.6M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0222%	1h	2,731	+0.037%	$84.2M	$314.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0222%	1h	2,728.9	−0.038%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,730.5	+0.020%	$253K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0354%	8h	2,730.3	+0.011%	$282.9M	$174.9M	150x	as long as short
Bluefin ETH-PERP	+0.0360%	1h	2,731.1	+0.042%	$21K	$20K	25x	as long as short