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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h +0.040%
Price spread now: BloFin against SoDEX−0.004%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on SoDEXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.117%+$12 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.004%, 7d avg +0.007%
Together, before fees+0.098%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.117%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,7240.0088pay 0.0011% / 1h37m 02s$54.2M$187.2M40x
ShortBloFin ETH-USDT2,723.9−0.0183pay 0.0183% / 8h37m 02s$280.3M$177.6M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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
−$56.89
Price spread: −0.004% → +0.007%
−$1.09
Slippage, 4 orders
−$0.44
Fee SoDEX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$78.42
Costs to cover
0.204%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 2 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 SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.6 bp −$56129.2 bp −$14.6K
Sell BloFin live order book, 2 min ago0.04 bp6.0 bp −$66.0 bp −$606.7 bp −$6757.9 bp −$3,955

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-USDTshort−0.0183%8h2,723.9−0.004%$280.3M$177.6M150x
Hotstuff ETH-PERP−0.0080%1h2,726+0.073%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,732.8+0.323%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.4+0.013%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,725+0.037%$10.5M$42.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.5+0.055%$6.4M$681.9M4.9xas long as short
Perpl ETH0.0000%43m2,725.6+0.057%$285K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724.9+0.034%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,724.4+0.015%$32.9M—200xas long as short
BingX ETH-USDT+0.0018%8h2,725.1+0.039%—$1.09B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,724.9+0.033%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0027%8h2,723.8−0.006%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.9+0.033%$191K$890K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,726.3+0.084%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0052%1h2,731+0.257%$8.5M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,724.3+0.013%$82.0M$309.7M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,727.1+0.115%$240K$1.4M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,724−0.001%$383.2M$577.6M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.3+0.046%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0078%8h2,725.2+0.045%$252.4M$849.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,720.5−0.130%$4.9M$185K20xas long as short
SoDEX ETH-USDlong+0.0088%1h2,724long leg$54.2M$187.2M40x
Binance ETHUSDT+0.0091%8h2,725.1+0.041%$6.30B$16.17B150xas long as short
MEXC ETH_USDT+0.0092%8h2,723.5−0.020%$1.55B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,724.3+0.012%$112.2M$430.4M50xas long as short
Lighter RH ETH+0.0096%1h2,725.9+0.068%$23.4M$102.1M50xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,729.2+0.191%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.5+0.018%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.9+0.180%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,724.5+0.017%$14.0M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.8+0.103%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.1+0.078%$31.9M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.5+0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,725.8+0.065%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.082%$163.3M$356.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.3+0.048%$3.31B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,725.3+0.046%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.1+0.041%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,729.4+0.198%$133.9M$317.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.4+0.089%$185.4M$681.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.6+0.134%$158.6M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.8+0.103%$21.0M$70.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.4+0.089%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.6+0.059%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,724.2+0.007%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,724.6+0.020%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.144%$40.8M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.4−0.023%$956K$10.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,724.5+0.019%$262.7M$64.5M150xas long as short
Extended ETH-USD+0.0104%1h2,723.2−0.030%$30.4M$72.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724.8+0.030%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.5+0.053%$46.6M$4.29B50xas long as short
RISEx ETH/USDC+0.0114%1h2,725.2+0.045%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0182%1h2,723.3−0.024%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,726.5+0.092%$32.1M$11.2M100xas long as short