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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 00:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.036%
Price spread now: Gate against Pacifica−0.022%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Long on PacificaShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.022%, 7d avg −0.010%
Together, before fees−0.048%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,7750.0100pay 0.0013% / 1h2m 39s$31.3M$316.9M50x
ShortGate ETH_USDT2,774.40.0067get 0.0067% / 8h2m 39s$3.29B$9.71B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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
−$6.93
Price spread: −0.022% → −0.010%
−$1.24
Slippage, 4 orders
−$0.4
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$31.56
Costs to cover
0.234%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; Gate: live order book, 1 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 Pacifica live order book, 2 min ago0.18 bp4.2 bp −$44.5 bp −$45doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago0.02 bp7.5 bp −$87.5 bp −$7510.6 bp −$1,05619.1 bp −$9,535

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−0.0223%43m2,775.8+0.028%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773.9−0.041%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.465%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.3−0.025%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0026%1h2,769.6−0.195%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.7−0.011%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.030%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,774.3−0.025%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.4+0.050%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.5−0.017%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,774.4−0.020%$270.3M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.1+0.040%$12.9M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.5−0.018%$55.2M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,772.8−0.079%$29K$22K20xas long as short
Aster ETHUSDT+0.0034%8h2,774.3−0.024%$256.1M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,775.5+0.018%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4−0.023%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0056%8h2,774.1−0.032%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.3−0.098%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,776.5+0.052%$259.1M$222.1M50xas long as short
Bitget ETHUSDT+0.0065%8h2,774.3−0.027%$2.10B$3.10B150xas long as short
Gate ETH_USDTshort+0.0067%8h2,774.4−0.022%$3.29B$9.71B200x
KuCoin ETHUSDTM+0.0080%8h2,774.6−0.015%$422.8M$738.7M100xas long as short
Bybit ETHUSDT+0.0087%8h2,774.3−0.024%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,773.9−0.041%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,776+0.037%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0091%1h2,774.2−0.030%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,775.1+0.004%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.9−0.003%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.058%$25.3M$122.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.2+0.042%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.4−0.022%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774−0.036%$485K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.083%$3.17B$2.36B25xas long as short
Pacifica ETHlong+0.0100%1h2,775long leg$31.3M$316.9M50x
Ondo Perps ETH-USD.P+0.0100%1h2,773.2−0.065%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.6−0.014%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.202%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.5−0.020%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.233%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.188%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.171%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776+0.036%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.5+0.054%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.2+0.044%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,775−0.001%$974K$13.9M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,776.4+0.050%$8.3M$688.6M4.9xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.087%$42.8M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,773.5−0.053%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6+0.059%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.7+0.026%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,777.9+0.103%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0174%8h2,774.5−0.017%$287.2M$193.8M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,776.1+0.039%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6+0.020%$7.4M$1.2M25xas long as short