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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 07:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.021%
Price spread now: SoDEX against Gate+0.006%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−$22as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on GateShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.045%+$5 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.006%, 7d avg −0.009%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,731.50.0100pay 0.0100% / 8h1h 04m$3.31B$9.05B200x
ShortSoDEX ETH-USD2,731.70.0072get 0.0009% / 1h4m 42s$54.4M$187.2M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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
−$5.88
Price spread: +0.006% → −0.009%
$1.48
Slippage, 4 orders
−$0.4
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$27.8
Costs to cover
0.234%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; SoDEX: 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 Gate live order book, 4 min ago0.02 bp7.5 bp −$87.5 bp −$7510.7 bp −$1,06721.0 bp −$10.5K
Sell SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.3 bp −$436.0 bp −$60334.1 bp −$17.0K

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
Hotstuff ETH-PERP−0.0080%1h2,734.8+0.120%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.098%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.6+0.040%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.105%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,734.1+0.092%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.4+0.068%$6.6M$682.4M4.9xas long as short
Perpl ETH0.0000%43m2,732+0.018%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.8+0.046%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.7+0.044%$33.0M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,731.6+0.003%$191K$890K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0022%8h2,731.1−0.015%—$1.10B—as long as short
ApeX Omni ETHUSDT+0.0025%1h2,731.9+0.015%$8.6M$31.5M100xas long as short
Bybit ETHUSDT+0.0027%8h2,731.2−0.012%$2.34B$4.38B150xas long as short
HTX ETH-USDT+0.0029%8h2,732.2+0.024%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,731.8+0.011%$380.8M$576.9M100xas long as short
SoDEX ETH-USDshort+0.0072%1h2,731.7+0.006%$54.4M$187.2M40x
OKX ETH-USDT-SWAP+0.0080%8h2,731.3−0.010%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0083%8h2,731.6+0.004%$253.0M$846.7M200xas long as short
Phemex ETHUSDT+0.0090%8h2,732.1+0.021%$263.0M$64.6M150xas long as short
Bullet ETH-USD+0.0091%1h2,732.3+0.028%$188K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.2−0.014%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.3−0.007%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,732.2+0.026%$112.8M$439.1M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3+0.065%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.6−0.069%$4.9M$171K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.8−0.027%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.3+0.175%$15.4M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,733+0.053%$14.2M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734+0.090%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.6+0.041%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.3−0.008%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.011%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.010%$164.2M$349.6M25xas long as short
Gate ETH_USDTlong+0.0100%8h2,731.5long leg$3.31B$9.05B200x
Bitget ETHUSDT+0.0100%8h2,731.2−0.012%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.7+0.005%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.036%$134.3M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.3−0.008%$185.7M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6+0.040%$158.8M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,734.1+0.094%$21.0M$70.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.102%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.8+0.083%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.061%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.9+0.160%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.2+0.024%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,733.3+0.064%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.1−0.053%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.6+0.075%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733+0.055%$46.4M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,731.7+0.006%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0128%1h2,734.7+0.114%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.5+0.109%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,731.7+0.006%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.3+0.026%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0359%8h2,731.7+0.005%$281.4M$176.1M150xas long as short