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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 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%
Price spread now: Arcus against Injective+0.241%7-day average −0.030% · 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−$40as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Long on InjectiveShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.065%+$6 on $10k
Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.241%, 7d avg −0.030%
Together, before fees+0.047%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.272% dearer against Injective than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,734.20.0096pay 0.0012% / 1h53m 58s$117K$22.5M52x
ShortArcus ETH-USD2,740.80.0100get 0.0013% / 1h53m 58s$1.6M$15.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.81
Price spread: +0.241% → −0.030%
$27.16
Slippage, 4 orders
−$62.21
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$38.76
Costs to cover
0.667%
Break-even
342.8 days
Slippage from Injective: live order book, 5 min ago; Arcus: live order book, 5 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 Injective live order book, 5 min ago14.04 bp14.1 bp −$1414.1 bp −$14114.1 bp −$1,40520937.5 bp −$10.47M
Sell Arcus live order book, 5 min ago0.02 bp3.4 bp −$34.2 bp −$425.4 bp −$539doesn'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%43m2,738.9+0.172%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.1+0.252%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.5+0.157%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,741.1+0.254%$10.7M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,741.9+0.282%$6.7M$680.3M4.9xas long as short
Phoenix ETH0.0000%1h2,739.6+0.197%$826K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.6+0.160%$28.1M—200xas long as short
HTX ETH-USDT+0.0020%8h2,737.4+0.117%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0033%1h2,738.1+0.143%$179K$1.7M20xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.8+0.205%$187K$817K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0042%8h2,738+0.140%—$18.5M—as long as short
Bybit ETHUSDT+0.0049%8h2,738.6+0.162%$2.37B$4.37B150xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,739+0.176%$260.0M$198.6M50xas long as short
KuCoin ETHUSDTM+0.0068%8h2,738.8+0.169%$380.4M$574.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.7+0.164%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0079%8h2,737.5+0.122%$265.7M$65.2M150xas long as short
Aster ETHUSDT+0.0090%8h2,738.4+0.154%$251.2M$842.6M200xas long as short
Lighter ETH+0.0096%1h2,738+0.138%$113.0M$430.3M50xas long as short
Lighter RH ETH+0.0096%1h2,739.2+0.184%$23.5M$103.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,742.4+0.301%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,735.3+0.042%$4.9M$155K20xas long as short
Injective ETH/USDC PERPlong+0.0096%1h2,734.2long leg$117K$22.5M52x
MEXC ETH_USDT+0.0098%8h2,738.6+0.161%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,738.6+0.162%$6.36B$15.90B150xas long as short
SoDEX ETH-USD+0.0098%1h2,737.6+0.124%$54.5M$187.6M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746+0.430%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.4+0.227%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2+0.148%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.6+0.199%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.300%$32.0M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.2+0.219%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,740.8+0.241%$1.6M$15.9M25x
Bulk ETH-USD+0.0100%1h2,739.7+0.200%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.6+0.124%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.7+0.165%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.7+0.091%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5+0.156%$134.0M$323.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.9+0.134%$184.2M$669.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.7+0.166%$159.3M$86.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738.6+0.162%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,739.9+0.208%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.1+0.215%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.2+0.219%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738.9+0.172%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.9+0.208%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,736.9+0.097%$959K$11.3M100xas long as short
Extended ETH-USD+0.0104%1h2,737.8+0.132%$30.6M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,740.6+0.236%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,738.6+0.161%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,738.9+0.171%$51.2M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,738.4+0.154%$83.6M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0200%8h2,739.9+0.207%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0215%1h2,737.4+0.119%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,741.3+0.259%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0395%8h2,741.5+0.266%$283.7M$176.1M150xas long as short