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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 02:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.013%
Price spread now: 01 Exchange against SunX+0.051%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Long on SunXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.051%, 7d avg +0.042%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,746.40.0100pay 0.0100% / 8h6h 01m$963K$12.0M100x
Short01 Exchange ETHUSD2,747.80.0040get 0.0005% / 1h1m 28s$181K$979K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$12.6
Price spread: +0.051% → +0.042%
$0.84
Slippage, 4 orders
−$64.9
Fee SunX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$91.65
Costs to cover
0.799%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; 01 Exchange: live order book, 3 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, 8 min ago4.30 bp36.2 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange live order book, 3 min ago0.18 bp9.0 bp −$913.1 bp −$131doesn't fitdoesn't fit

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
Perpl ETH−0.0112%43m2,747.8+0.049%$306K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2+0.065%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.5+0.041%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.3+0.104%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.072%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748.2+0.064%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.5+0.038%$22.2M—200xas long as short
01 Exchange ETHUSDshort+0.0040%1h2,747.8+0.051%$181K$979K50x
BingX ETH-USDT+0.0042%8h2,747.1+0.025%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,746.9+0.019%$1.70B$10.66B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,747.1+0.024%$369.5M$604.0M100xas long as short
Aster ETHUSDT+0.0074%8h2,747.4+0.037%$253.1M$845.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,746.6+0.006%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0082%8h2,747.9+0.055%$1.06B$1.18B200xas long as short
MEXC ETH_USDT+0.0083%8h2,747+0.022%$1.57B$2.59B500xas long as short
Binance ETHUSDT+0.0083%8h2,746.9+0.020%$6.39B$15.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.4+0.109%$58.6M$4.29B50xas long as short
ApeX Omni ETHUSDT+0.0090%1h2,748.3+0.068%$8.8M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,747.3+0.032%$113.0M$445.7M50xas long as short
Lighter RH ETH+0.0096%1h2,749.4+0.107%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.5+0.039%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,752+0.203%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.4+0.036%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,748+0.060%$13.9M$107.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.3+0.105%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.5+0.041%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.1+0.026%$2.47B$4.20B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.6+0.007%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.7+0.046%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.2+0.030%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.1+0.024%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748+0.059%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.009%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.2+0.065%$182.1M$701.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.075%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2+0.065%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.4+0.073%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.043%$10.7M$8.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,747+0.020%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749+0.096%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.1+0.136%$41.7M$29.4M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,746.4long leg$963K$12.0M100x
SoDEX ETH-USD+0.0100%1h2,748.2+0.065%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8+0.086%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.007%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.3−0.005%$30.6M$72.8M50xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,747.8+0.050%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,749.4+0.109%$7.9M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0161%1h2,749.6+0.115%$258.9M$197.0M50xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,751.1+0.170%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.069%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.8+0.013%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,750+0.131%$250K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.1+0.096%$88.2M$313.9M100xas long as short