ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Bullet−0.136%52s7-day average −0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.194% of the position

Long on Bullet Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.136%, 7d avg −0.007%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.130% cheaper against Bullet than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,729.5	0.0100	pay 0.0013% / 1h	45m 23s	$179K	$1.7M	20x
Short	SoDEX ETH-USD	2,725.8	0.0094	get 0.0012% / 1h	45m 23s	$54.3M	$187.4M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$1.36
Price spread: −0.136% → −0.007%: −$12.97
Slippage, 4 orders: −$3.44
Fee Bullet: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$33.77
Costs to cover: 0.194%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago	0.37 bp	5.2 bp −$5	8.5 bp −$85	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.18 bp	4.2 bp −$4	4.3 bp −$43	5.8 bp −$585	34.2 bp −$17.1K

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	−0.0112%	43m	2,728.1	−0.052%	$288K	$5.8M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0088%	1h	2,725.8	−0.137%	$8.6M	$31.5M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,726.1	−0.125%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,728.6	−0.034%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.1	+0.021%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,725.4	−0.151%	$816K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,726.5	−0.110%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725.3	−0.155%	$6.6M	$691.0M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,725.1	−0.162%	$262.5M	$214.5M	50x	as long as short
HTX ETH-USDT	+0.0006%	8h	2,724.3	−0.191%	$1.05B	$1.23B	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,730.3	+0.027%	$32.9M	—	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,725.7	−0.140%	$191K	$892K	50x	as long as short
BingX ETH-USDT	+0.0031%	8h	2,729.6	+0.003%	—	$1.12B	—	as long as short
Bybit ETHUSDT	+0.0037%	8h	2,728.5	−0.038%	$2.34B	$4.43B	150x	as long as short
Aftermath Perps ETHUSD	+0.0070%	1h	2,728.3	−0.043%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,729.1	−0.015%	$375.3M	$576.2M	100x	as long as short
SunX ETH-USDT	+0.0083%	8h	2,723.3	−0.226%	$954K	$11.1M	100x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,729	−0.019%	$252.1M	$850.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0092%	8h	2,728.4	−0.040%	$1.65B	$10.96B	100x	as long as short
SoDEX ETH-USDshort	+0.0094%	1h	2,725.8	−0.136%	$54.3M	$187.4M	40x
Binance ETHUSDT	+0.0094%	8h	2,729.6	+0.004%	$6.33B	$16.20B	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,729.3	−0.007%	$1.52B	$2.58B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,725.1	−0.161%	$111.6M	$433.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.5	−0.110%	$23.4M	$102.9M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,722.4	−0.261%	$4.9M	$165K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,725	−0.166%	$507K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.7	−0.030%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.5	−0.036%	$13.9M	$105.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.6	+0.076%	$3.11B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,725.8	−0.135%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,725.2	−0.158%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,725.6	−0.144%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,725.9	−0.132%	$161.8M	$340.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.3	−0.153%	$3.27B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.8	−0.025%	$2.08B	$2.80B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.5	−0.147%	$15.0M	$42.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.1	−0.236%	$133.0M	$326.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,725.9	−0.131%	$184.8M	$682.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,726.3	−0.118%	$158.4M	$87.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724	−0.202%	$20.9M	$69.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,728.9	−0.023%	—	$767K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730	+0.018%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USDlong	+0.0100%	1h	2,729.5	long leg	$179K	$1.7M	20x
Bluefin ETH-PERP	+0.0100%	1h	2,725.3	−0.156%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,726.7	−0.105%	$40.9M	$30.2M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.7	−0.175%	$262.6M	$65.0M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.2	−0.194%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,726.1	−0.124%	—	$30.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.6	−0.143%	$50.2M	$4.31B	50x	as long as short
RISEx ETH/USDC	+0.0115%	1h	2,725.9	−0.133%	$5.6M	$11.8M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,727.2	−0.085%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0193%	1h	2,728.3	−0.043%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,725.3	−0.154%	$83.2M	$311.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,730.9	+0.051%	$246K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0381%	8h	2,725.1	−0.162%	$282.1M	$174.9M	150x	as long as short