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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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.

Alert: spread
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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 you earn now, next payment 07:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.030%
Price spread now: Bluefin against SoDEX+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bluefin is 0.026% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,733.10.0077pay 0.0010% / 1h14m 28s$54.4M$187.2M40x
ShortBluefin ETH-PERP2,733.80.0100get 0.0013% / 1h14m 28s$22K$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$4.8
Price spread: +0.026% → 0.000%
$2.56
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$7.64
Costs to cover
0.150%
Break-even
18.1 days
Slippage unknown: SoDEX: live order book, 5 min ago; Bluefin: no order-book sample. 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$57729.5 bp −$14.8K
Sell Bluefin no order-book sample—————
Bluefin: 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 54 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
Hotstuff ETH-PERP−0.0080%1h2,733.10.000%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1+0.073%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.9−0.008%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,735.9+0.102%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.9+0.030%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.8+0.026%$6.6M$684.7M4.9xas long as short
Perpl ETH0.0000%43m2,733.4+0.011%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.2+0.040%$262.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733−0.003%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0010%1h2,734.8+0.062%$8.6M$31.6M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.3+0.007%$191K$891K50xas long as short
HTX ETH-USDT+0.0024%8h2,732.5−0.023%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0024%8h2,732.2−0.033%—$18.6M—as long as short
Bybit ETHUSDT+0.0030%8h2,732−0.039%$2.34B$4.40B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.9−0.007%$376.5M$577.1M100xas long as short
SoDEX ETH-USDlong+0.0077%1h2,733.1long leg$54.4M$187.2M40x
OKX ETH-USDT-SWAP+0.0083%8h2,732.1−0.038%$1.65B$10.88B100xas long as short
Aster ETHUSDT+0.0085%8h2,732.5−0.023%$253.2M$848.8M200xas long as short
Phemex ETHUSDT+0.0090%8h2,732.7−0.014%$263.2M$64.6M150xas long as short
Bullet ETH-USD+0.0093%1h2,732.2−0.033%$191K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0094%1h2,733.7+0.023%$30K$20K20xas long as short
MEXC ETH_USDT+0.0095%8h2,732.6−0.020%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,732.3−0.028%$6.33B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,733.7+0.022%$112.8M$437.9M50xas long as short
Lighter RH ETH+0.0096%1h2,735+0.069%$23.5M$103.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,731.1−0.075%$4.9M$161K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.7−0.015%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.6+0.164%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.1−0.001%$14.2M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.9+0.066%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.8+0.026%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5−0.022%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.2+0.002%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2+0.039%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.8−0.012%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.2−0.031%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.3+0.005%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7−0.015%$134.1M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.9+0.031%$185.9M$684.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.9+0.029%$158.9M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.033%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.042%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.8+0.026%$11.2M$9.5M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,733.8+0.026%$22K$21K25x
SunX ETH-USDT+0.0100%8h2,732.6−0.020%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.062%$30.4M$73.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.8+0.024%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.5+0.052%$47.7M$4.33B50xas long as short
RISEx ETH/USDC+0.0115%1h2,733.3+0.008%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,734.5+0.051%$242K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735+0.071%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.4−0.061%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.8+0.025%$82.2M$310.9M100xas long as short
BloFin ETH-USDT+0.0383%8h2,732.5−0.021%$280.6M$175.4M150xas long as short