ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Bullet+0.022%7-day average −0.005% · 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−$16as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Bullet Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.022%, 7d avg −0.005%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.027% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,740.8	0.0078	pay 0.0010% / 1h	35m 57s	$180K	$1.7M	20x
Short	Pacifica ETH	2,741.4	0.0100	get 0.0013% / 1h	35m 57s	$31.6M	$335.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bullet. 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 BulletbpFee PacificabpOrdersPrice spread, now +0.022%Rate

Funding earned: $4.64
Price spread: +0.022% → −0.005%: $2.7
Slippage, 4 orders: −$2.89
Fee Bullet: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.55
Costs to cover: 0.189%
Break-even: 24.4 days

Slippage from Bullet: live order book, 3 min ago; Pacifica: 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 Bullet live order book, 3 min ago	0.18 bp	5.5 bp −$5	8.9 bp −$89	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit

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
Hotstuff ETH-PERP	−0.0080%	1h	2,739.8	−0.036%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,743.1	+0.084%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,741.3	+0.017%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,740.4	−0.014%	$10.8M	$41.8M	50x	as long as short
Perpl ETH	0.0000%	43m	2,740.7	−0.003%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,741.6	+0.028%	$22.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,744.7	+0.142%	$846K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,740.9	+0.004%	$182K	$916K	50x	as long as short
BingX ETH-USDC	+0.0049%	8h	2,741.1	+0.010%	—	$18.5M	—	as long as short
KuCoin ETHUSDTM	+0.0063%	8h	2,741.7	+0.033%	$383.1M	$597.1M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0063%	1h	2,738.7	−0.077%	$8.8M	$31.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0064%	8h	2,741.2	+0.016%	$1.70B	$10.57B	100x	as long as short
RISEx ETH/USDC	+0.0077%	1h	2,740.9	+0.005%	$5.6M	$11.2M	25x	as long as short
Bullet ETH-USDlong	+0.0078%	1h	2,740.8	long leg	$180K	$1.7M	20x
Aster ETHUSDT	+0.0078%	8h	2,741.5	+0.025%	$252.2M	$841.3M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,739.6	−0.045%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0088%	8h	2,741.5	+0.025%	$6.37B	$15.70B	150x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,742.1	+0.049%	$1.56B	$2.54B	500x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,741.7	+0.034%	$1.06B	$1.18B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,742.5	+0.063%	$112.7M	$433.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743.8	+0.109%	$24.6M	$103.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,741	+0.007%	—	$30.7M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,743.4	+0.093%	$58.6M	$4.27B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,744.7	+0.141%	$16.0M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.7	−0.040%	$468K	$3.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739.8	−0.036%	$13.9M	$105.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,744.1	+0.120%	$3.12B	$2.06B	25x	as long as short
Pacifica ETHshort	+0.0100%	1h	2,741.4	+0.022%	$31.6M	$335.1M	50x
Bybit ETHUSDT	+0.0100%	8h	2,741.4	+0.020%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.9	+0.004%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.3	+0.020%	$2.7M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.5	+0.099%	$165.1M	$304.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.6	+0.030%	$3.39B	$8.72B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,742.2	+0.052%	$2.08B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,741.5	+0.026%	$15.0M	$40.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.7	−0.004%	$132.6M	$333.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.2	−0.057%	$182.0M	$689.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.8	−0.072%	$159.2M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,739.4	−0.051%	$21.2M	$68.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.6	−0.008%	—	$819K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.3	+0.018%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743.4	+0.096%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,739.9	−0.034%	$960K	$11.5M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,742	+0.044%	$54.6M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,741.9	+0.039%	$266.7M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,741.3	+0.017%	$30.6M	$72.4M	50x	as long as short
Aftermath Perps ETHUSD	+0.0134%	1h	2,741.2	+0.014%	$30K	$20K	20x	as long as short
Bluefin ETH-PERP	+0.0139%	1h	2,741.4	+0.022%	$21K	$20K	25x	as long as short
Kalshi KXETHPERP	+0.0157%	8h	2,741.1	+0.011%	$7.6M	$669.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,743.2	+0.088%	$258.7M	$196.1M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,743.5	+0.097%	$32.3M	$11.4M	100x	as long as short
BloFin ETH-USDT	+0.0209%	8h	2,738.6	−0.081%	$284.5M	$181.8M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,742.9	+0.078%	$87.1M	$310.2M	100x	as long as short
Reya ETHRUSDPERP	+0.0226%	1h	2,739.8	−0.036%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,741.4	+0.023%	$252K	$1.4M	20x	as long as short