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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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Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRnext payment +$1.31 per $10,000 · paid last 24h +0.028%
Price spread now: Orderly against SunX+0.110%7-day average +0.100% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.180%+$18 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.110%, 7d avg +0.100%
Together, before fees+0.217%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.100%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,725.80.0059pay 0.0059% / 8h2h 53m$956K$11.2M100x
ShortOrderly PERP_ETH_USDC2,728.90.0189get 0.0189% / 8h2h 53m$32.1M$11.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$27.43
Price spread: +0.110% → +0.100%
$1.06
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$14.49
Costs to cover
0.140%
Break-even
3.3 days
Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago0.61 bp6.3 bp −$66.3 bp −$639.1 bp −$913doesn't fit
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%43m2,726.6+0.028%$287K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,727.9+0.076%$5K$1K50xas long as short
HTX ETH-USDT−0.0019%8h2,726.4+0.020%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.7+0.032%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6+0.065%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.3+0.053%$10.7M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.037%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,729.1+0.120%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0030%8h2,727.3+0.054%—$1.13B—as long as short
Bybit ETHUSDT+0.0039%8h2,727.2+0.050%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,728.1+0.083%$186K$785K50xas long as short
Deribit ETH-PERPETUAL+0.0058%1h2,728+0.080%$258.5M$203.1M50xas long as short
SunX ETH-USDTlong+0.0059%8h2,725.8long leg$956K$11.2M100x
KuCoin ETHUSDTM+0.0065%8h2,728+0.079%$377.9M$576.6M100xas long as short
Bullet ETH-USD+0.0073%1h2,726.2+0.012%$176K$1.7M20xas long as short
Aster ETHUSDT+0.0078%8h2,727.6+0.065%$252.3M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724.5−0.050%$4.9M$155K20xas long as short
Aftermath Perps ETHUSD+0.0082%1h2,728.3+0.089%$30K$20K20xas long as short
MEXC ETH_USDT+0.0084%8h2,727.5+0.060%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,727.3+0.053%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0085%8h2,727.4+0.057%$6.32B$15.97B150xas long as short
Phemex ETHUSDT+0.0091%8h2,726.5+0.026%$263.9M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,727.8+0.073%$111.8M$428.9M50xas long as short
Lighter RH ETH+0.0096%1h2,729.1+0.120%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.9+0.040%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.9+0.039%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.3+0.129%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.3+0.053%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,729.7+0.142%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,728.2+0.087%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.4+0.057%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,728+0.079%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.5+0.062%$3.33B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.5+0.060%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.5+0.024%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8+0.110%$134.6M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9+0.076%$183.5M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731+0.189%$158.9M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,729.4+0.131%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,729.3+0.127%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.2+0.087%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.1+0.083%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.050%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.083%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,726.9+0.039%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9+0.041%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.5+0.026%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,728+0.078%$50.1M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,727.9+0.076%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0130%8h2,728+0.079%$6.4M$688.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,727.5+0.060%$83.0M$316.7M100xas long as short
Orderly PERP_ETH_USDCshort+0.0189%8h2,728.9+0.110%$32.1M$11.4M100x
Reya ETHRUSDPERP+0.0205%1h2,725.7−0.006%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.1+0.081%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0338%8h2,727.6+0.063%$283.4M$174.5M150xas long as short