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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 00:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.011%
Price spread now: edgeX against 01 Exchange+0.060%7-day average −0.020% · 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−$14as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Long on 01 ExchangeShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.057%+$6 on $10k
Price spread, last 4 days (all we have)+0.239%+$24 · spread now +0.060%, 7d avg −0.020%
Together, before fees+0.296%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.080% dearer against 01 Exchange than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,770.5−0.0008get 0.0001% / 1h26m 56s$168K$1.2M50x
ShortedgeX ETHUSDC2,772.20.0100get 0.0050% / 4h26m 56s$182.0M$782.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$22.68
Price spread: +0.060% → −0.020%
$7.98
Slippage, 4 orders
−$5.5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$9.15
Costs to cover
0.215%
Break-even
4.2 days
Slippage from 01 Exchange: live order book, 2 min ago; edgeX: live order book, 2 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 01 Exchange live order book, 2 min ago0.18 bp5.9 bp −$612.1 bp −$121doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago0.07 bp5.1 bp −$55.1 bp −$515.4 bp −$5397.6 bp −$3,791

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−0.0223%43m2,770.2−0.012%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770−0.017%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.411%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771+0.018%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.067%$8.8M$32.9M100xas long as short
01 Exchange ETHUSDlong−0.0008%1h2,770.5long leg$168K$1.2M50x
dYdX ETH-USD0.0000%1h2,769.9−0.021%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,773.6+0.112%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772+0.053%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0015%1h2,774.4+0.141%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,771.7+0.042%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,772.1+0.057%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.6+0.040%$12.9M—200xas long as short
Aster ETHUSDT+0.0032%8h2,772.8+0.081%$256.4M$1.00B200xas long as short
Phemex ETHUSDT+0.0035%8h2,772.4+0.070%$270.3M$69.0M150xas long as short
SoDEX ETH-USD+0.0036%1h2,770.7+0.007%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0049%1h2,770.3−0.007%$183K$1.7M20xas long as short
MEXC ETH_USDT+0.0060%8h2,772.2+0.060%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.4+0.069%$6.46B$17.30B150xas long as short
Aevo ETH-PERP+0.0064%1h2,768.4−0.075%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.3+0.066%$259.0M$222.4M50xas long as short
Bitget ETHUSDT+0.0066%8h2,772+0.055%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,772.5+0.073%$3.29B$9.65B200xas long as short
KuCoin ETHUSDTM+0.0084%8h2,772+0.053%$420.7M$739.6M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.5+0.071%$60.0M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,772.5+0.074%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,770.8+0.011%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,771.5+0.036%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,772.8+0.081%$115.2M$499.4M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.095%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.4+0.032%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.5−0.036%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4−0.004%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.7−0.027%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6+0.148%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.007%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.1−0.051%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.8+0.011%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.087%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.6+0.074%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,773.3+0.100%$147.8M$336.1M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,772.2+0.060%$182.0M$782.8M100x
GRVT ETH_USDT_Perp+0.0100%8h2,774.1+0.131%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,772.8+0.083%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.4−0.004%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.035%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.4+0.105%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.7+0.005%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,771.4+0.031%$32.5M$78.0M50xas long as short
Kalshi KXETHPERP+0.0115%8h2,771.8+0.047%$8.3M$685.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,772+0.054%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,774.1+0.130%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,770.9+0.014%$287.2M$194.1M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,770.1−0.013%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,773.8+0.119%$252K$1.6M20xas long as short