ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.005%

Price spread now: dYdX against Coinbase International−0.045%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.045%, 7d avg −0.012%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.033% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.012%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.068% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,750.5	0.0096	pay 0.0012% / 1h	57m 12s	$46.2M	$3.91B	50x
Short	dYdX ETH-USD	2,749.3	0.0189	get 0.0024% / 1h	57m 12s	$15.3M	$42.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $19.53
Price spread: −0.045% → −0.012%: −$3.29
Slippage, 4 orders: −$7.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$11.09
Costs to cover: 0.273%
Break-even: 11.0 days

Slippage from Coinbase International: live order book, 5 min ago; dYdX: live order book, 20 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 Coinbase International live order book, 5 min ago	0.02 bp	5.0 bp −$5	5.1 bp −$51	7.6 bp −$761	23.8 bp −$11.9K
Sell dYdX live order book, 20 min ago	3.64 bp	8.6 bp −$9	13.6 bp −$136	20.1 bp −$2,012	35.8 bp −$17.9K

ETH on 54 exchanges

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
Hibachi ETH/USDT-P	−0.0128%	1h	2,750.1	−0.015%	$235K	$1.2M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.4	−0.040%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,750	−0.019%	$809K	$2.8M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,749.7	−0.029%	$12.2M	—	200x	as long as short
Bybit ETHUSDT	0.0000%	8h	2,749.4	−0.041%	$2.37B	$3.83B	150x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,749.5	−0.037%	$7.3M	$661.5M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,749.9	−0.022%	$269K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,749.5	−0.036%	$33.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0024%	1h	2,748.5	−0.073%	$8.3M	$25.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0068%	8h	2,749.3	−0.044%	$1.67B	$9.27B	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0072%	1h	2,749.3	−0.044%	$182K	$951K	50x	as long as short
Gate ETH_USDT	+0.0081%	8h	2,749.5	−0.039%	$3.27B	$7.68B	200x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,749.7	−0.029%	$257.6M	$723.2M	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,749.7	−0.028%	$365.3M	$443.0M	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,747.5	−0.110%	$4.9M	$214K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0088%	1h	2,750.4	−0.003%	$266.7M	$185.9M	50x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,749.7	−0.028%	$1.61B	$2.34B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,749.7	−0.028%	$6.41B	$14.11B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,750	−0.020%	$114.0M	$382.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,751.3	+0.028%	$23.7M	$93.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749	−0.053%	—	$23.6M	500x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0096%	1h	2,750.5	long leg	$46.2M	$3.91B	50x
Katana Perps ETH-USD	+0.0100%	8h	2,748.3	−0.080%	$507K	$3.4M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,748.5	−0.072%	$14.6M	$96.2M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,749.7	−0.031%	$32.4M	$325.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,748.7	−0.066%	$2.8M	$14.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,749.6	−0.034%	$1.5M	$14.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,748.6	−0.070%	$165.1M	$334.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,749.3	−0.045%	$2.11B	$2.31B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,748.4	−0.076%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,749	−0.054%	$14.9M	$36.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,747.4	−0.112%	$132.5M	$292.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,747.4	−0.114%	$185.1M	$624.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,750.1	−0.015%	$159.9M	$69.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750.6	+0.003%	$21.1M	$75.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,750.5	−0.002%	—	$352K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.4	−0.004%	$11.3M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,749.7	−0.028%	$178K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,749.3	−0.044%	$20K	$14K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.5	−0.072%	$947K	$8.7M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,749.4	−0.040%	$61.9M	$121.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,749.7	−0.028%	$1.05B	$1.05B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,749.5	−0.039%	$264.3M	$57.4M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.4	−0.078%	$30.5M	$65.3M	50x	as long as short
Aftermath Perps ETHUSD	+0.0104%	1h	2,749.1	−0.053%	$30K	$8K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,749.9	−0.024%	$82.5M	$275.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0157%	1h	2,747.7	−0.101%	$7.3M	$832K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0175%	8h	2,751.8	+0.046%	$32.5M	$10.0M	100x	as long as short
dYdX ETH-USDshort	+0.0189%	1h	2,749.3	−0.045%	$15.3M	$42.8M	50x
RISEx ETH/USDC	+0.0206%	1h	2,750.3	−0.006%	$5.7M	$10.6M	25x	as long as short
Hyperliquid ETH	+0.0241%	1h	2,751.9	+0.051%	$3.16B	$1.75B	25x	as long as short
BloFin ETH-USDT	+0.0361%	8h	2,749.4	−0.039%	$283.3M	$149.9M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,751.5	+0.036%	$118K	$21.7M	52x	as long as short
Paradex ETH-USD-PERP	+0.0508%	8h	2,754	+0.127%	$15.9M	$6.2M	50x	as long as short