ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.011%

Price spread now: 01 Exchange against Coinbase International+0.022%7-day average −0.009% · 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−$19as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Coinbase International Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.022%, 7d avg −0.009%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.031% dearer against Coinbase International than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETH-PERP-INTX	2,751.3	0.0088	pay 0.0011% / 1h	46m 40s	$59.6M	$4.40B	50x
Short	01 Exchange ETHUSD	2,751.9	0.0008	get 0.0001% / 1h	46m 40s	$181K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$16.8
Price spread: +0.022% → −0.009%: $3.11
Slippage, 4 orders: −$4.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$35.43
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; 01 Exchange: 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 Coinbase International live order book, 3 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	9.1 bp −$906	25.0 bp −$12.5K
Sell 01 Exchange live order book, 3 min ago	0.36 bp	5.5 bp −$5	11.2 bp −$112	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
Perpl ETH	−0.0447%	43m	2,751.3	−0.001%	$315K	$6.2M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0175%	1h	2,753.4	+0.078%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,751.7	+0.015%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.7	−0.023%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.1	−0.006%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,756.3	+0.182%	$865K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,752	+0.027%	$10.9M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,751.3	+0.001%	$22.2M	—	200x	as long as short
01 Exchange ETHUSDshort	+0.0008%	1h	2,751.9	+0.022%	$181K	$1.1M	50x
BingX ETH-USDT	+0.0028%	8h	2,750.3	−0.036%	—	$1.20B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0036%	8h	2,750.4	−0.031%	$1.68B	$11.10B	100x	as long as short
Aster ETHUSDT	+0.0055%	8h	2,751.4	+0.003%	$255.9M	$856.9M	200x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,747.4	−0.140%	$4.9M	$168K	20x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,749.7	−0.057%	$1.07B	$1.22B	200x	as long as short
MEXC ETH_USDT	+0.0065%	8h	2,750.3	−0.037%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,750.5	−0.029%	$6.36B	$16.32B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0066%	1h	2,751.7	+0.016%	$258.8M	$201.9M	50x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,751.7	+0.015%	$3.33B	$8.75B	200x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,750.5	−0.028%	$384.0M	$606.6M	100x	as long as short
Bitget ETHUSDT	+0.0085%	8h	2,750.2	−0.040%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0088%	1h	2,751.3	long leg	$59.6M	$4.40B	50x
Lighter ETH	+0.0096%	1h	2,750.8	−0.018%	$113.2M	$439.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,752.9	+0.060%	$25.0M	$106.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,752.1	+0.029%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0096%	1h	2,751.6	+0.013%	$30K	$21K	20x	as long as short
Variational Omni ETH	+0.0097%	8h	2,750.3	−0.036%	$133.4M	$346.5M	—	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,753.8	+0.091%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,751	−0.011%	$470K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.1	−0.009%	$14.0M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,753.4	+0.077%	$3.13B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,751.1	−0.006%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,750.5	−0.029%	$2.47B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,750.5	−0.029%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,751.2	−0.004%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.003%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,749.9	−0.051%	$15.0M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,752.9	+0.059%	$184.4M	$735.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,753.1	+0.066%	$160.1M	$82.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,753.9	+0.095%	$21.3M	$66.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,752.1	+0.030%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.8	−0.018%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,750.9	−0.015%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,751.9	+0.021%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,751.8	+0.019%	$42.0M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,750.3	−0.036%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,750.2	−0.040%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,750.2	−0.038%	$267.6M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,749.3	−0.071%	$30.8M	$74.6M	50x	as long as short
Kalshi KXETHPERP	+0.0134%	8h	2,751.3	0.000%	$7.7M	$672.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0161%	8h	2,752.9	+0.060%	$32.4M	$11.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,754.3	+0.110%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.056%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,750.5	−0.029%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0217%	1h	2,750.5	−0.028%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,751.3	0.000%	$93.2M	$315.9M	100x	as long as short