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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.008%
Price spread now: OKX against SoDEX−0.038%7-day average +0.004% · 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−$23as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on SoDEXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.024%−$2 on $10k
Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.038%, 7d avg +0.004%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.042% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,732.30.0090pay 0.0011% / 1h24m 41s$54.4M$187.2M40x
ShortOKX ETH-USDT-SWAP2,731.30.0085get 0.0085% / 8h1h 24m$1.65B$10.93B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.93
Price spread: −0.038% → +0.004%
−$4.21
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$23.55
Costs to cover
0.184%
Break-even
never at this rate
Slippage from SoDEX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago0.18 bp4.2 bp −$44.4 bp −$446.0 bp −$59631.8 bp −$15.9K
Sell OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5027.2 bp −$3,615

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−0.0112%43m2,733.6+0.046%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.7−0.022%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.172%$117K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0018%1h2,730−0.083%$8.6M$31.5M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.6−0.062%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,733.3+0.037%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.4+0.039%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.7+0.051%$6.5M$686.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.2+0.034%$262.6M$214.6M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733+0.026%$33.0M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.4+0.004%$191K$893K50xas long as short
HTX ETH-USDT+0.0016%8h2,732.6+0.011%$1.05B$1.23B200xas long as short
BingX ETH-USDC+0.0025%8h2,730.8−0.054%—$18.6M—as long as short
Bybit ETHUSDT+0.0031%8h2,731.6−0.025%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0071%8h2,731.2−0.039%$374.9M$577.1M100xas long as short
Aster ETHUSDT+0.0083%8h2,731.3−0.038%$252.4M$848.9M200xas long as short
OKX ETH-USDT-SWAPshort+0.0085%8h2,731.3−0.038%$1.65B$10.93B100x
Aevo ETH-PERP+0.0088%1h2,730−0.085%$4.9M$157K20xas long as short
SoDEX ETH-USDlong+0.0090%1h2,732.3long leg$54.4M$187.2M40x
MEXC ETH_USDT+0.0091%8h2,731.5−0.029%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,731.3−0.038%$6.33B$16.16B150xas long as short
SunX ETH-USDT+0.0093%8h2,733.2+0.032%$958K$11.0M100xas long as short
Aftermath Perps ETHUSD+0.0095%1h2,730.1−0.081%$30K$20K20xas long as short
Phemex ETHUSDT+0.0096%8h2,732.2−0.003%$263.3M$64.6M150xas long as short
Lighter ETH+0.0096%1h2,731.9−0.015%$112.1M$435.6M50xas long as short
Lighter RH ETH+0.0096%1h2,733.1+0.029%$23.5M$103.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8−0.018%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.5+0.155%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8+0.054%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.9+0.059%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.3+0.001%$32.0M$332.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.1−0.044%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.2−0.004%$1.5M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.1−0.009%$3.30B$9.00B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.6−0.027%$2.09B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.4−0.034%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,731.9−0.014%$134.0M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.1−0.117%$185.6M$681.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.5−0.066%$158.7M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,730.4−0.070%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,735+0.097%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.1+0.102%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,733.3+0.037%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.1+0.030%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.183%$40.9M$30.3M15xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.223%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,730.9−0.051%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.7+0.053%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.6+0.048%$49.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.6+0.010%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,734.9+0.093%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0190%1h2,732.3−0.001%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.8+0.020%$82.4M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,733.5+0.046%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0365%8h2,732.9+0.021%$281.8M$175.7M150xas long as short