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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 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Arcus against Ondo Perps+0.049%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days+0.332%+$33 · spread now +0.049%, 7d avg +0.038%
Together, before fees+0.331%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,730.50.0100pay 0.0013% / 1h38m 07s$2.7M$16.4M25x
ShortArcus ETH-USD2,731.90.0100get 0.0013% / 1h38m 07s$1.6M$15.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Ondo Perps. 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
$0
Price spread: +0.049% → +0.038%
$1.18
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$8.32
Costs to cover
0.095%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Arcus live order book, 1 min ago0.02 bp3.5 bp −$43.9 bp −$395.0 bp −$498doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin ETH-USDT−0.0180%8h2,730−0.018%$280.5M$177.6M150xas long as short
Perpl ETH−0.0112%43m2,730.7+0.009%$277K$5.7M8.3xas long as short
HTX ETH-USDT−0.0090%8h2,730.7+0.007%$1.05B$1.21B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.7−0.029%$5K$1K50xas long as short
Phemex ETHUSDT−0.0041%8h2,731.4+0.033%$263.2M$63.8M150xas long as short
Bybit ETHUSDT−0.0040%8h2,731.1+0.023%$2.32B$4.30B150xas long as short
Phoenix ETH−0.0012%1h2,731.6+0.040%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.9+0.053%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.2+0.024%$10.6M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.022%$6.8M$671.0M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL0.0000%1h2,732.4+0.069%$264.6M$219.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732+0.056%$33.0M—200xas long as short
SunX ETH-USDT+0.0007%8h2,731+0.020%$940K$10.7M100xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,729−0.055%$8.4M$31.2M100xas long as short
01 Exchange ETHUSD+0.0040%1h2,732.2+0.062%$191K$885K50xas long as short
SoDEX ETH-USD+0.0049%1h2,731.4+0.033%$54.4M$182.5M40xas long as short
Gate ETH_USDT+0.0062%8h2,731.4+0.033%$3.28B$8.25B200xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,730.7+0.006%$237K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,731.5+0.037%$1.66B$10.72B100xas long as short
Aster ETHUSDT+0.0079%8h2,731.4+0.031%$252.8M$848.5M200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,731.6+0.039%$383.4M$575.5M100xas long as short
Aevo ETH-PERP+0.0088%1h2,729−0.054%$4.9M$195K20xas long as short
Binance ETHUSDT+0.0089%8h2,731.3+0.028%$6.32B$16.05B150xas long as short
MEXC ETH_USDT+0.0089%8h2,731.4+0.033%$1.57B$2.55B500xas long as short
Bullet ETH-USD+0.0094%1h2,731.5+0.037%$177K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,731.9+0.051%$112.5M$401.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733+0.092%$23.7M$95.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,730.1−0.013%—$30.4M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.048%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.3+0.101%$15.4M$7.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.9+0.014%$14.3M$101.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,734+0.128%$3.11B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,731.4+0.031%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,730.5long leg$2.7M$16.4M25x
Arcus ETH-USDshort+0.0100%1h2,731.9+0.049%$1.6M$15.8M25x
Bulk ETH-USD+0.0100%1h2,729.4−0.041%$164.7M$339.6M25xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1+0.059%$2.11B$2.75B150xas long as short
BingX ETH-USDT+0.0100%8h2,731.7+0.043%—$1.05B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2+0.061%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,728.7−0.065%$131.4M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.6−0.032%$185.7M$682.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.9+0.015%$158.8M$79.8M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5+0.037%$21.0M$70.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.9+0.087%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732+0.055%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,731.1+0.021%$40.6M$29.2M15xas long as short
Extended ETH-USD+0.0104%1h2,730.8+0.012%$30.5M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,732.4+0.068%$82.0M$309.6M100xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,731.6+0.040%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.9+0.088%$46.2M$4.24B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.2+0.063%$5.7M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0173%1h2,730.8+0.010%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.8+0.122%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,730.3−0.007%$117K$20.2M52xas long as short
Bluefin ETH-PERP+0.2321%1h2,731.7+0.045%$20K$23K25xas long as short