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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.045%
Price spread now: BingX against dYdX−0.003%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Long on dYdXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.192%−$19 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,773.40get 0.0000% / 1h25m 31s$12.7M$45.5M50x
ShortBingX ETH-USDT2,773.30.0017get 0.0017% / 8h1h 25m—$1.18B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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

Funding earned
$3.57
Price spread: −0.003% → 0.000%
−$0.29
Slippage, 4 orders
−$18.68
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$35.41
Costs to cover
0.387%
Break-even
76.4 days
Slippage from dYdX: live order book, 4 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 4 min ago9.19 bp14.2 bp −$1414.2 bp −$14216.9 bp −$1,68820.3 bp −$10.1K
Sell BingX live order book, 4 min ago0.04 bp5.0 bp −$55.0 bp −$505.0 bp −$5045.8 bp −$2,894

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,774+0.022%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,773.3−0.005%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.8−0.058%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.112%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.9+0.018%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0017%1h2,773.7+0.012%$29K$22K20xas long as short
dYdX ETH-USDlong0.0000%1h2,773.4long leg$12.7M$45.5M50x
Phoenix ETH0.0000%1h2,773.9+0.018%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3−0.005%$22.4M—200xas long as short
BingX ETH-USDTshort+0.0017%8h2,773.3−0.003%—$1.18B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,774.5+0.039%$1.69B$11.86B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.8−0.060%$269.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2−0.008%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,773.4−0.001%$256.0M$991.4M200xas long as short
Bullet ETH-USD+0.0037%1h2,774.7+0.046%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,772.9−0.019%$258.3M$222.2M50xas long as short
MEXC ETH_USDT+0.0060%8h2,772.6−0.031%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0060%8h2,774.9+0.053%$6.43B$17.17B150xas long as short
Nado ETH-PERP+0.0060%1h2,772.8−0.022%$14.3M$118.1M50xas long as short
Aevo ETH-PERP+0.0064%1h2,769.5−0.142%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,774.7+0.046%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0072%1h2,771.2−0.080%$55.2M$228.9M40xas long as short
Gate ETH_USDT+0.0073%8h2,773.40.000%$3.29B$9.62B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4−0.035%$8.8M$32.6M100xas long as short
Bybit ETHUSDT+0.0093%8h2,774.8+0.049%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,772.2−0.043%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,772.9−0.018%$115.0M$500.3M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.022%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2−0.007%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,772.3−0.039%$423.2M$739.4M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.8−0.059%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.6+0.007%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.1+0.133%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.8−0.022%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.4−0.036%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.3+0.066%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.216%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.2−0.082%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.143%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.098%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9−0.017%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.1+0.025%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,774.5+0.038%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776+0.093%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.432%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.007%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.5−0.105%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,772.8−0.023%$32.8M$77.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4−0.037%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,773−0.015%$8.5M$677.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.1+0.059%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772−0.052%$85.9M$331.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.1−0.013%$285.2M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,774.5+0.039%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.1+0.062%$271K$1.5M20xas long as short