data as of
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Funding arb /

ETH

all ETH markets
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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 16:00 UTC−0.0082%/8h
next payment, per $10,000−$0.10paid, last 24h+0.001%paid, last 3 days−0.126%to open and close $10k−$17
Long on PhoenixShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ETH2,756.40.0035pay 0.0004% / 1h56m 43s$1.4M$2.3M25x
ShortSoDEX ETH-USD2,750.8−0.0048pay 0.0006% / 1h56m 43s$55.5M$161.7M40x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$17.32
Slippage, 4 orders
−$1.84
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$34.16
Break-even
never at this rate
Slippage from Phoenix: live order book, 3 min ago; SoDEX: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.203%
Avg gap 7d
−0.096%
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 Phoenix live order book, 3 min ago0.18 bp4.2 bp −$47.7 bp −$7721.0 bp −$2,098doesn't fit
Sell SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.6 bp −$55930.4 bp −$15.2K

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$460K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0054%1h$119K$22.5M52xas long as short
SoDEX ETH-USDshort−0.0048%1h$55.5M$161.7M40x
dYdX ETH-USD0.0000%1h$16.2M$33.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.3M—200xas long as short
HTX ETH-USDT+0.0008%8h$1.09B$1.20B200xas long as short
OKX ETH-USDT-SWAP+0.0011%8h$1.71B$11.25B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0018% / S +0.0013%1h$11.9M—200xas long as short
SunX ETH-USDT+0.0026%8h$949K$14.8M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0032%1h$7.7M$27.8M100xas long as short
Phoenix ETHlong+0.0035%1h$1.4M$2.3M25x
01 Exchange ETHUSD+0.0040%1h$179K$1.2M50xas long as short
Deribit ETH-PERPETUAL+0.0055%1h$259.6M$216.5M50xas long as short
Bitget ETHUSDT+0.0069%8h$2.11B$3.18B150xas long as short
Hibachi ETH/USDT-P+0.0080%1h$291K$1.3M20xas long as short
Binance ETHUSDT+0.0088%8h$6.58B$15.74B150xas long as short
MEXC ETH_USDT+0.0088%8h$1.51B$2.39B500xas long as short
Aevo ETH-PERP+0.0088%1h$5.0M$732K20xas long as short
Lighter ETH+0.0096%1h$118.3M$487.6M50xas long as short
Lighter RH ETH+0.0096%1h$25.9M$114.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$44.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.8M$11.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h$479K$2.1M50xas long as short
Nado ETH-PERP+0.0100%1h$18.1M$113.8M50xas long as short
Aster ETHUSDT+0.0100%8h$268.6M$862.5M200xas long as short
Pacifica ETH+0.0100%1h$30.9M$215.3M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.51B$4.47B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.0M$14.5M25xas long as short
Arcus ETH-USD+0.0100%1h$2.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h$154.5M$270.8M25xas long as short
Gate ETH_USDT+0.0100%8h$3.37B$8.51B200xas long as short
KuCoin ETHUSDTM+0.0100%8h$406.3M$680.2M100xas long as short
BingX ETH-USDC+0.0100%8h—$16.9M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.2M$40.1M50xas long as short
Variational Omni ETH+0.0100%8h$154.0M$303.4M—as long as short
edgeX ETHUSDC+0.0100%4h$177.7M$752.9M100xas long as short
StandX ETH-USD+0.0100%1h$21.1M$51.3M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.2M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.8M$5.4M50xas long as short
Bullet ETH-USD+0.0100%1h$196K$1.9M20xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$26K25xas long as short
Phemex ETHUSDT+0.0100%8h$265.5M$67.0M150xas long as short
Kalshi KXETHPERP+0.0103%8h$9.0M$548.4M4.9xas long as short
Extended ETH-USD+0.0104%1h$32.6M$75.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h$60.6M$4.79B50xas long as short
RISEx ETH/USDC+0.0122%1h$5.8M$13.5M25xas long as short
Reya ETHRUSDPERP+0.0165%1h$7.3M$973K25xas long as short
Orderly PERP_ETH_USDC+0.0200%8h$32.3M$10.8M100xas long as short
Derive ETH-PERP+0.0206%1h$42.7M$27.9M15xas long as short
BloFin ETH-USDT+0.0209%8h$291.2M$180.4M150xas long as short
Kraken Futures PF_ETHUSD+0.0263%1h$86.7M$315.8M100xas long as short
Aftermath Perps ETHUSD+0.0315%1h$29K$27K20xas long as short
Hyperliquid ETH+0.0659%1h$3.31B$2.22B25xas long as short