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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −0.033%
Price spread now: KuCoin against dYdX−0.008%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Long on dYdXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.198%−$20 on $10k
Price spread, last 7 days−0.092%−$9 · spread now −0.008%, 7d avg +0.005%
Together, before fees−0.291%−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,785.60get 0.0000% / 1h45m 11s$12.8M$45.9M50x
ShortKuCoin ETHUSDTM2,785.40.0088get 0.0088% / 8h45m 11s$423.9M$740.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$18.48
Price spread: −0.008% → +0.005%
−$1.28
Slippage, 4 orders
−$11.5
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$16.3
Costs to cover
0.335%
Break-even
13.2 days
Slippage from dYdX: live order book, 4 min ago; KuCoin: 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 ago4.49 bp9.5 bp −$913.4 bp −$13414.1 bp −$1,40814.2 bp −$7,122
Sell KuCoin live order book, 4 min ago0.02 bp6.0 bp −$67.6 bp −$7611.2 bp −$1,116doesn't fit

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%43m2,785.7+0.005%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,784.5−0.038%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9−0.133%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,786.1+0.018%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,781.5−0.149%$8.9M$32.9M100xas long as short
01 Exchange ETHUSD−0.0016%1h2,785.2−0.014%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0011%1h2,783.6−0.073%$29K$22K20xas long as short
dYdX ETH-USDlong0.0000%1h2,785.6long leg$12.8M$45.9M50x
Phoenix ETH+0.0003%1h2,783.6−0.072%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,785−0.023%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,783.4−0.081%—$17.4M—as long as short
Phemex ETHUSDT+0.0020%8h2,784−0.056%$271.3M$68.9M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,783−0.092%$1.71B$11.93B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.9−0.024%$13.0M—200xas long as short
Aster ETHUSDT+0.0041%8h2,784.1−0.053%$257.7M$1.00B200xas long as short
Bullet ETH-USD+0.0063%1h2,784.3−0.047%$184K$1.7M20xas long as short
Aevo ETH-PERP+0.0064%1h2,783−0.093%$5.1M$636K20xas long as short
MEXC ETH_USDT+0.0067%8h2,783.8−0.065%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0067%8h2,783.4−0.078%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0070%8h2,784−0.058%$6.46B$17.30B150xas long as short
Gate ETH_USDT+0.0071%8h2,783.1−0.088%$3.31B$9.61B200xas long as short
KuCoin ETHUSDTMshort+0.0088%8h2,785.4−0.008%$423.9M$740.0M100x
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.1−0.019%$60.4M$4.62B50xas long as short
Bybit ETHUSDT+0.0091%8h2,783.6−0.071%$2.52B$4.64B150xas long as short
SoDEX ETH-USD+0.0092%1h2,784−0.057%$55.4M$229.1M40xas long as short
HTX ETH-USDT+0.0092%8h2,784.3−0.047%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,784.6−0.035%$116.3M$496.5M50xas long as short
Lighter RH ETH+0.0096%1h2,785.9+0.009%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,784.9−0.024%—$42.0M500xas long as short
Vest ETH-PERP+0.0097%1h2,785.2−0.015%—$1.1M50xas long as short
Nado ETH-PERP+0.0097%1h2,784.6−0.036%$14.4M$118.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,785.7+0.003%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,785.3−0.011%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.2+0.022%$3.21B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,786.1+0.017%$31.4M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,784.3−0.047%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,786+0.014%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2−0.050%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.4−0.078%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,783.3−0.084%$147.8M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.1−0.127%$182.1M$781.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,782−0.130%$161.7M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,781.5−0.147%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.7+0.004%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4−0.006%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,786.6+0.034%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,784.9−0.024%$976K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,783.7−0.068%$32.7M$77.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.8−0.027%$86.9M$333.4M100xas long as short
Kalshi KXETHPERP+0.0123%8h2,785.60.000%$8.4M$683.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,786.9+0.047%$32.7M$12.1M100xas long as short
Deribit ETH-PERPETUAL+0.0138%1h2,785.9+0.010%$258.9M$223.0M50xas long as short
BloFin ETH-USDT+0.0190%8h2,783.9−0.062%$285.6M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0199%1h2,784.5−0.039%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,785.7+0.003%$271K$1.5M20xas long as short