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Funding arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC+0.0053%/8h
paid, last 24h+0.008%paid, last 7 days+0.095%to open and close $10k−$19
Long on OKXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,736.10.0017pay 0.0017% / 8h55m 35s$1.72B$10.97B100x
ShortPhoenix ETH2,735.20.0070get 0.0009% / 1h55m 35s$1.4M$2.4M25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.13
Slippage, 4 orders
−$1.53
Fee OKX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$7.39
Break-even
11.6 days
Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.033%
Avg gap 7d
+0.103%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5867.9 bp −$3,949
Sell Phoenix live order book, 4 min ago0.18 bp4.3 bp −$47.9 bp −$7917.0 bp −$1,705doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni ETHUSDT−0.0450%1h$7.7M$28.2M100xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
Gate ETH_USDT−0.0035%8h$3.73B$8.43B200xas long as short
Kalshi KXETHPERP0.0000%8h$6.0M$518.3M4.9xas long as short
Perpl ETH0.0000%43m$208K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.1M—200xas long as short
Bullet ETH-USD+0.0011%1h$182K$1.9M20xas long as short
OKX ETH-USDT-SWAPlong+0.0017%8h$1.72B$10.97B100x
GMX ETH/USD [ETH-USDC]L +0.0018% / S +0.0014%1h$11.8M—200xas long as short
Phemex ETHUSDT+0.0041%8h$264.8M$66.8M150xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange ETHUSD+0.0056%1h$184K$1.1M50xas long as short
Injective ETH/USDC PERP+0.0067%1h$118K$22.5M52xas long as short
Phoenix ETHshort+0.0070%1h$1.4M$2.4M25x
SoDEX ETH-USD+0.0075%1h$55.3M$161.6M40xas long as short
Bitget ETHUSDT+0.0077%8h$2.13B$3.08B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h$60.4M$4.80B50xas long as short
Lighter ETH+0.0096%1h$118.7M$484.9M50xas long as short
Lighter RH ETH+0.0096%1h$25.5M$115.4M50xas long as short
Aevo ETH-PERP+0.0096%1h$5.0M$754K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.4M$11.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h$484K$2.0M50xas long as short
Nado ETH-PERP+0.0100%1h$17.8M$114.0M50xas long as short
Aster ETHUSDT+0.0100%8h$268.4M$840.0M200xas long as short
Pacifica ETH+0.0100%1h$31.1M$201.3M50xas long as short
Binance ETHUSDT+0.0100%8h$6.54B$15.20B150xas long as short
Bybit ETHUSDT+0.0100%8h$2.48B$4.39B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.1M$13.5M25xas long as short
Arcus ETH-USD+0.0100%1h$2.5M$15.1M25xas long as short
Bulk ETH-USD+0.0100%1h$152.2M$277.4M25xas long as short
MEXC ETH_USDT+0.0100%8h$1.54B$2.40B500xas long as short
KuCoin ETHUSDTM+0.0100%8h$392.1M$675.0M100xas long as short
BingX ETH-USDC+0.0100%8h—$16.0M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.0M$39.1M50xas long as short
Variational Omni ETH+0.0100%8h$154.5M$303.4M—as long as short
edgeX ETHUSDC+0.0100%4h$176.6M$721.4M100xas long as short
StandX ETH-USD+0.0100%1h$21.0M$52.2M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.2M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h$20K$24K25xas long as short
SunX ETH-USDT+0.0100%8h$945K$14.6M100xas long as short
HTX ETH-USDT+0.0100%8h$1.08B$1.19B200xas long as short
Extended ETH-USD+0.0104%1h$32.6M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h—$45.9M500xas long as short
Deribit ETH-PERPETUAL+0.0108%1h$260.6M$214.2M50xas long as short
Reya ETHRUSDPERP+0.0153%1h$7.3M$956K25xas long as short
dYdX ETH-USD+0.0158%1h$20.1M$28.4M50xas long as short
Hyperliquid ETH+0.0169%1h$3.20B$2.16B25xas long as short
RISEx ETH/USDC+0.0171%1h$5.9M$13.7M25xas long as short
Orderly PERP_ETH_USDC+0.0213%8h$32.2M$11.1M100xas long as short
BloFin ETH-USDT+0.0220%8h$295.1M$178.6M150xas long as short
Hibachi ETH/USDT-P+0.0224%1h$283K$1.3M20xas long as short
Aftermath Perps ETHUSD+0.0250%1h$29K$30K20xas long as short
Kraken Futures PF_ETHUSD+0.0350%1h$84.3M$317.2M100xas long as short
Derive ETH-PERP+0.0474%1h$43.0M$26.3M15xas long as short