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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 05:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.038%
Price spread now: Orderly against SoDEX+0.105%7-day average +0.093% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.094%+$9 on $10k
Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.105%, 7d avg +0.093%
Together, before fees+0.070%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,7270.0082pay 0.0010% / 1h21m 30s$54.3M$187.7M40x
ShortOrderly PERP_ETH_USDC2,729.90.0194get 0.0194% / 8h3h 21m$32.1M$11.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$23.45
Price spread: +0.105% → +0.093%
$1.25
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$10.7
Costs to cover
0.140%
Break-even
3.8 days
Slippage unknown: SoDEX: live order book, 3 min ago; Orderly: 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, 3 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$57632.0 bp −$16.0K
Sell Orderly no order-book sample—————
Orderly: 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 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−0.0335%43m2,730.8+0.138%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.4+0.161%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,726.3−0.025%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.6+0.023%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.7+0.172%$817K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8+0.029%$28.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,731.1+0.150%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0023%1h2,727+0.001%$177K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,730.3+0.121%—$18.4M—as long as short
Bybit ETHUSDT+0.0036%8h2,730.6+0.133%$2.36B$4.38B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0043%1h2,728.2+0.044%$258.7M$201.5M50xas long as short
01 Exchange ETHUSD+0.0048%1h2,731.6+0.169%$187K$815K50xas long as short
SunX ETH-USDT+0.0065%8h2,726.6−0.014%$956K$11.2M100xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,728.1+0.039%$8.6M$31.1M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,730.8+0.138%$379.2M$574.1M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,731+0.148%$1.67B$10.75B100xas long as short
Aster ETHUSDT+0.0079%8h2,730.9+0.144%$250.8M$841.1M200xas long as short
SoDEX ETH-USDlong+0.0082%1h2,727long leg$54.3M$187.7M40x
Binance ETHUSDT+0.0087%8h2,731+0.147%$6.34B$15.94B150xas long as short
MEXC ETH_USDT+0.0087%8h2,731+0.147%$1.55B$2.57B500xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.057%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0090%8h2,727.7+0.025%$264.4M$65.1M150xas long as short
Lighter ETH+0.0096%1h2,730.8+0.138%$112.4M$434.6M50xas long as short
Lighter RH ETH+0.0096%1h2,732+0.182%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.2+0.043%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.224%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.4+0.125%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.8+0.176%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.9+0.106%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.2+0.227%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732+0.183%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.5+0.092%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.5+0.166%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.045%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.9+0.144%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.1+0.150%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.3+0.012%$14.8M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.096%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.039%$183.5M$671.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6+0.096%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.095%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.2+0.154%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.8+0.213%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,728+0.036%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729.1+0.078%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,730.1+0.115%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0105%8h2,728.2+0.044%$6.5M$684.2M4.9xas long as short
RISEx ETH/USDC+0.0107%1h2,731.5+0.165%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,731.9+0.180%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.6+0.023%$50.8M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.6+0.020%$83.1M$315.2M100xas long as short
Orderly PERP_ETH_USDCshort+0.0194%8h2,729.9+0.105%$32.1M$11.6M100x
Reya ETHRUSDPERP+0.0209%1h2,730.4+0.123%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,728.7+0.063%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,728+0.037%$282.6M$174.7M150xas long as short