ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%

Price spread now: dYdX against Injective−0.087%98s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.776% of the position

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.087%, 7d avg −0.050%

Together, before fees+0.197%+$20 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: dYdX is 0.037% cheaper against Injective than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,721.2	0.0009	pay 0.0001% / 1h	33m 34s	$117K	$22.5M	52x
Short	dYdX ETH-USD	2,718.8	0.0011	get 0.0001% / 1h	33m 34s	$10.7M	$42.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee dYdXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0.54
Price spread: −0.087% → −0.050%: −$3.66
Slippage, 4 orders: −$67.54
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$80.69
Costs to cover: 0.776%
Break-even: 1059.4 days

Slippage from Injective: live order book, 1 min ago; dYdX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 1 min ago	14.32 bp	14.3 bp −$14	14.3 bp −$143	14.3 bp −$1,433	21085.6 bp −$10.54M
Sell dYdX live order book, 1 min ago	3.86 bp	8.9 bp −$9	18.1 bp −$181	26.4 bp −$2,642	40.4 bp −$20.2K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,720.4	−0.029%	$282K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,718.8	−0.088%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,718	−0.118%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,718.8	−0.090%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,721.6	+0.015%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,719.1	−0.078%	$27.9M	—	200x	as long as short
Injective ETH/USDC PERPlong	+0.0009%	1h	2,721.2	long leg	$117K	$22.5M	52x
dYdX ETH-USDshort	+0.0011%	1h	2,718.8	−0.087%	$10.7M	$42.0M	50x
Deribit ETH-PERPETUAL	+0.0015%	1h	2,719.5	−0.064%	$258.7M	$206.0M	50x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,717.7	−0.129%	$185K	$787K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0033%	8h	2,718.1	−0.112%	—	$1.14B	—	as long as short
Bybit ETHUSDT	+0.0042%	8h	2,717.8	−0.124%	$2.34B	$4.42B	150x	as long as short
Aftermath Perps ETHUSD	+0.0066%	1h	2,723.4	+0.081%	$30K	$20K	20x	as long as short
Bullet ETH-USD	+0.0069%	1h	2,718.3	−0.105%	$179K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0070%	8h	2,717.5	−0.134%	$953K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0075%	8h	2,717.2	−0.148%	$374.1M	$577.9M	100x	as long as short
Aster ETHUSDT	+0.0085%	8h	2,718.3	−0.105%	$251.6M	$844.4M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,716	−0.190%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0091%	8h	2,718.2	−0.110%	$1.65B	$10.78B	100x	as long as short
MEXC ETH_USDT	+0.0091%	8h	2,718.1	−0.116%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,717.9	−0.121%	$6.29B	$16.07B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,717.6	−0.131%	$111.2M	$432.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,719	−0.080%	$23.3M	$103.2M	50x	as long as short
Phemex ETHUSDT	+0.0097%	8h	2,718.7	−0.094%	$262.8M	$64.3M	150x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,717.7	−0.129%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,719.5	−0.064%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,720	−0.044%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,719.5	−0.062%	$3.08B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,718.4	−0.103%	$31.8M	$334.4M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,717.3	−0.143%	$2.7M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,719	−0.082%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,723.8	+0.096%	$163.8M	$329.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,718.6	−0.097%	$3.30B	$8.94B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,718.3	−0.105%	$2.07B	$2.76B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,717.9	−0.121%	$14.9M	$43.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,723.2	+0.075%	$133.0M	$326.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,721.7	+0.018%	$184.3M	$675.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,723.6	+0.088%	$158.5M	$87.0M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,723.1	+0.070%	$8.6M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.7	+0.129%	$21.0M	$71.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,721.9	+0.025%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,721.1	−0.004%	$11.1M	$9.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,719	−0.079%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,719.6	−0.057%	$40.8M	$30.1M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,718.3	−0.107%	$54.1M	$187.8M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,717.3	−0.144%	$30.5M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,720.7	−0.017%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,719.4	−0.066%	$49.8M	$4.27B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,719.2	−0.074%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,721.4	+0.007%	$6.4M	$692.0M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0177%	1h	2,718.9	−0.084%	$82.7M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,720.6	−0.022%	$32.0M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0201%	1h	2,718.4	−0.102%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDT	+0.0210%	8h	2,724.8	+0.131%	$282.9M	$174.7M	150x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,726.2	+0.185%	$249K	$1.4M	20x	as long as short