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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against SunX+0.067%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Long on SunXShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.067%, 7d avg +0.017%
Together, before fees+0.016%+$2 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: Bitget is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,739.70.0100pay 0.0100% / 8h5h 40m$961K$11.5M100x
ShortBitget ETHUSDT2,741.60.0100get 0.0100% / 8h5h 40m$2.08B$2.73B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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
$0
Price spread: +0.067% → +0.017%
$4.98
Slippage, 4 orders
−$3.27
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$18.29
Costs to cover
0.233%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Bitget: 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 SunX live order book, 9 min ago0.24 bp7.0 bp −$77.1 bp −$718.3 bp −$82911.1 bp −$5,539
Sell Bitget live order book, 4 min ago0.02 bp6.0 bp −$66.6 bp −$668.4 bp −$839doesn't fit

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%43m2,741.7+0.073%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.3+0.058%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.123%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.1+0.050%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,740.8+0.039%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.2+0.055%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,744.7+0.182%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,741.5+0.065%$182K$916K50xas long as short
BingX ETH-USDT+0.0049%8h2,741.5+0.066%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0063%8h2,740.9+0.045%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,740.8+0.039%$383.4M$597.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,741.3+0.057%$5.6M$11.2M25xas long as short
Aster ETHUSDT+0.0079%8h2,740.7+0.037%$252.1M$841.3M200xas long as short
Bullet ETH-USD+0.0082%1h2,740.6+0.034%$181K$1.7M20xas long as short
Aevo ETH-PERP+0.0088%1h2,737.9−0.066%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0089%8h2,740.6+0.034%$1.55B$2.53B500xas long as short
Binance ETHUSDT+0.0089%8h2,740.9+0.045%$6.37B$15.71B150xas long as short
HTX ETH-USDT+0.0096%8h2,740.4+0.024%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,741+0.046%$112.7M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,742.4+0.099%$24.6M$103.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.5−0.007%—$30.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.6+0.067%$58.7M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.8+0.186%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.7+0.036%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.9+0.043%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.4+0.134%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.5+0.065%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.9+0.043%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,739.8+0.003%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.4+0.062%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.139%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.4+0.062%$3.39B$8.70B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,741.6+0.067%$2.08B$2.73B150x
Backpack ETH_USDC_PERP+0.0100%1h2,740.4+0.024%$14.9M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,736.2−0.128%$132.4M$335.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.095%$182.2M$689.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.139%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.100%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,744.7+0.182%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.5+0.065%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.9+0.080%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.3+0.058%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.8+0.111%$41.6M$29.5M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,739.7long leg$961K$11.5M100x
SoDEX ETH-USD+0.0100%1h2,740.8+0.039%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,740.6+0.032%$266.6M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,740+0.011%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0136%1h2,742.5+0.101%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0155%1h2,741.9+0.078%$258.7M$196.1M50xas long as short
Kalshi KXETHPERP+0.0155%8h2,741.3+0.058%$7.7M$668.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,743.3+0.132%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,736.5−0.119%$284.1M$177.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.059%$87.1M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,740.5+0.030%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.6+0.214%$250K$1.4M20xas long as short