ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.013%

Price spread now: Coinbase International against 01 Exchange−0.038%7-day average +0.009% · 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−$28as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on 01 Exchange Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.038%, 7d avg +0.009%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.048% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.009%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ETHUSD	2,728.2	0.0016	pay 0.0002% / 1h	31m 25s	$191K	$893K	50x
Short	Coinbase International ETH-PERP-INTX	2,727.2	0.0112	get 0.0014% / 1h	31m 25s	$49.9M	$4.31B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee Coinbase InternationalbpOrdersPrice spread, now −0.038%Rate

Funding earned: $20.16
Price spread: −0.038% → +0.009%: −$4.76
Slippage, 4 orders: −$6.49
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.09
Costs to cover: 0.235%
Break-even: 9.8 days

Slippage from 01 Exchange: live order book, 13 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange live order book, 13 min ago	0.18 bp	5.4 bp −$5	11.8 bp −$118	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.8 bp −$678	20.2 bp −$10.1K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,727	−0.046%	$288K	$5.8M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,727.9	−0.011%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0064%	1h	2,727.5	−0.026%	$8.6M	$31.5M	100x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,727.6	−0.022%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,726.5	−0.064%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,725.7	−0.092%	$811K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,727.5	−0.024%	$10.5M	$42.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,727	−0.044%	$6.6M	$688.1M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,726.7	−0.057%	$262.6M	$215.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,726.5	−0.064%	$32.9M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0011%	8h	2,725.8	−0.088%	$1.05B	$1.23B	200x	as long as short
01 Exchange ETHUSDlong	+0.0016%	1h	2,728.2	long leg	$191K	$893K	50x
BingX ETH-USDT	+0.0026%	8h	2,728	−0.009%	—	$1.11B	—	as long as short
Bybit ETHUSDT	+0.0033%	8h	2,728	−0.007%	$2.34B	$4.41B	150x	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,727.9	−0.010%	$375.7M	$577.0M	100x	as long as short
SoDEX ETH-USD	+0.0074%	1h	2,725.8	−0.088%	$54.3M	$187.3M	40x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,727.9	−0.011%	$252.1M	$848.8M	200x	as long as short
SunX ETH-USDT	+0.0086%	8h	2,725.4	−0.101%	$955K	$11.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0087%	8h	2,728	−0.007%	$1.65B	$10.91B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,723.5	−0.174%	$4.9M	$167K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,728.2	−0.001%	$1.53B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,728.2	+0.001%	$6.33B	$16.15B	150x	as long as short
Aftermath Perps ETHUSD	+0.0090%	1h	2,727.3	−0.031%	$30K	$20K	20x	as long as short
Lighter ETH	+0.0096%	1h	2,727.9	−0.012%	$112.0M	$434.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.9	+0.024%	$23.4M	$103.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.2	0.000%	$510K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,731.3	+0.115%	$15.3M	$7.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.9	−0.010%	$14.1M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,730.7	+0.092%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,728.7	+0.019%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,727	−0.044%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,728.8	+0.022%	$1.5M	$16.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,728.2	+0.001%	$3.30B	$8.98B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728	−0.009%	$2.08B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726.2	−0.075%	$15.0M	$41.8M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.8	−0.126%	$133.4M	$324.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,726	−0.080%	$184.9M	$681.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.5	−0.027%	$158.5M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.2	−0.037%	$21.0M	$69.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,729.2	+0.036%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729.4	+0.044%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,728.2	−0.001%	$179K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,727	−0.045%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.3	−0.033%	$40.9M	$30.3M	15x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,726	−0.081%	$262.7M	$64.7M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.2	−0.073%	$161.6M	$349.5M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.3	−0.034%	$30.4M	$74.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,727.7	−0.018%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0112%	1h	2,727.2	−0.038%	$49.9M	$4.31B	50x
RISEx ETH/USDC	+0.0115%	1h	2,728.7	+0.019%	$5.6M	$11.7M	25x	as long as short
Orderly PERP_ETH_USDC	+0.0186%	8h	2,728.2	+0.001%	$32.1M	$11.4M	100x	as long as short
Reya ETHRUSDPERP	+0.0191%	1h	2,727.3	−0.033%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,726.3	−0.069%	$82.4M	$312.5M	100x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,727.2	−0.036%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,727.9	−0.012%	$281.9M	$175.4M	150x	as long as short