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Funding arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC+0.0034%/8h
next payment, per $10,000+$0.04paid, last 24h+0.002%paid, last 3 days−0.040%to open and close $10k−$13
Long on DeribitShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,750.50.0066pay 0.0008% / 1h35m 58s$258.3M$204.1M50x
ShortArcus ETH-USD2,749.90.0100get 0.0013% / 1h35m 58s$2.7M$16.0M25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$7.14
Slippage, 4 orders
−$1.77
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$6.13
Break-even
13.0 days
Slippage from Deribit: live order book, 5 min ago; Arcus: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.024%
Avg gap 7d
−0.008%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 5 min ago0.18 bp4.2 bp −$45.3 bp −$5310.6 bp −$1,05921.1 bp −$10.6K
Sell Arcus live order book, 5 min ago0.22 bp2.5 bp −$22.6 bp −$265.0 bp −$500doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0112%43m$292K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.0013%1h$55.5M$162.3M40xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
Injective ETH/USDC PERP−0.0004%1h$118K$22.5M52xas long as short
Bulk ETH-USD−0.0002%1h$158.7M$274.3M25xas long as short
dYdX ETH-USD0.0000%1h$13.0M$41.5M50xas long as short
01 Exchange ETHUSD0.0000%1h$180K$1.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0015%8h$1.73B$11.02B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bullet ETH-USD+0.0028%1h$193K$1.8M20xas long as short
Phemex ETHUSDT+0.0035%8h$265.3M$64.9M150xas long as short
Aevo ETH-PERP+0.0048%1h$5.0M$671K20xas long as short
Binance ETHUSDT+0.0052%8h$6.54B$15.91B150xas long as short
MEXC ETH_USDT+0.0052%8h$1.57B$2.39B500xas long as short
ApeX Omni ETHUSDT+0.0057%1h$8.2M$28.0M100xas long as short
Deribit ETH-PERPETUALlong+0.0066%1h$258.3M$204.1M50x
Gate ETH_USDT+0.0067%8h$3.35B$8.95B200xas long as short
Phoenix ETH+0.0073%1h$1.2M$2.5M25xas long as short
RISEx ETH/USDC+0.0083%1h$5.9M$12.0M25xas long as short
Bitget ETHUSDT+0.0085%8h$2.11B$2.96B150xas long as short
Aster ETHUSDT+0.0091%8h$267.2M$934.4M200xas long as short
Lighter ETH+0.0096%1h$115.9M$480.8M50xas long as short
Lighter RH ETH+0.0096%1h$25.4M$119.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.1M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.6M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h$477K$2.4M50xas long as short
Nado ETH-PERP+0.0100%1h$17.2M$111.0M50xas long as short
Hyperliquid ETH+0.0100%1h$3.21B$2.15B25xas long as short
Pacifica ETH+0.0100%1h$31.1M$245.0M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.50B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$14.9M25xas long as short
Arcus ETH-USDshort+0.0100%1h$2.7M$16.0M25x
KuCoin ETHUSDTM+0.0100%8h$428.7M$682.6M100xas long as short
BingX ETH-USDT+0.0100%8h—$1.06B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.2M$41.0M50xas long as short
Variational Omni ETH+0.0100%8h$145.8M$308.5M—as long as short
edgeX ETHUSDC+0.0100%4h$179.2M$739.8M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$51.6M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$11.4M$6.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h$42.4M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h$964K$14.1M100xas long as short
HTX ETH-USDT+0.0100%8h$1.08B$1.21B200xas long as short
Extended ETH-USD+0.0104%1h$31.6M$75.1M50xas long as short
Orderly PERP_ETH_USDC+0.0130%8h$32.2M$10.8M100xas long as short
Kalshi KXETHPERP+0.0136%8h$9.6M$607.4M4.9xas long as short
Aftermath Perps ETHUSD+0.0136%1h$29K$19K20xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.7M$4.52B50xas long as short
Kraken Futures PF_ETHUSD+0.0162%1h$84.9M$321.5M100xas long as short
BloFin ETH-USDT+0.0173%8h$290.6M$175.7M150xas long as short
Reya ETHRUSDPERP+0.0206%1h$7.3M$866K25xas long as short
Hibachi ETH/USDT-P+0.0240%1h$285K$1.4M20xas long as short