Settings8H · net · $10k
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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 01:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: Deribit against Arcus−0.007%7-day average +0.007% · 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−$17as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Long on ArcusShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.017%−$2 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now −0.007%, 7d avg +0.007%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,773.90.0100pay 0.0013% / 1h10m 02s$2.8M$16.8M25x
ShortDeribit ETH-PERPETUAL2,773.70.0201get 0.0025% / 1h10m 02s$259.1M$201.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21.21
Price spread: −0.007% → +0.007%
−$1.47
Slippage, 4 orders
−$4.11
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$4.14
Costs to cover
0.156%
Break-even
5.6 days
Slippage from Arcus: live order book, 4 min ago; Deribit: 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 Arcus live order book, 4 min ago0.63 bp3.2 bp −$33.5 bp −$3515.7 bp −$1,570doesn't fit
Sell Deribit live order book, 4 min ago0.09 bp4.3 bp −$45.3 bp −$5313.2 bp −$1,31731.1 bp −$15.5K

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
Injective ETH/USDC PERP−0.0752%1h2,773.8−0.003%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,773.5−0.015%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,772.7−0.043%$322K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.9+0.001%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,773.5−0.014%$170K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.5−0.122%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,773−0.032%$12.3M$42.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.1+0.008%$22.4M—200xas long as short
Bullet ETH-USD+0.0014%1h2,773.5−0.014%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0030%8h2,773.8−0.002%$1.71B$11.00B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0035%8h2,773.7−0.005%$269.9M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,773.9+0.002%$12.7M—200xas long as short
SoDEX ETH-USD+0.0043%1h2,772−0.068%$55.2M$187.7M40xas long as short
Aster ETHUSDT+0.0049%8h2,774.4+0.017%$256.6M$863.3M200xas long as short
Binance ETHUSDT+0.0060%8h2,774.2+0.012%$6.48B$16.08B150xas long as short
MEXC ETH_USDT+0.0060%8h2,773.7−0.006%$1.61B$2.66B500xas long as short
Aevo ETH-PERP+0.0064%1h2,769.7−0.150%$5.0M$156K20xas long as short
HTX ETH-USDT+0.0076%8h2,772.6−0.048%$1.08B$1.23B200xas long as short
Bitget ETHUSDT+0.0078%8h2,774+0.006%$2.10B$2.82B150xas long as short
Aftermath Perps ETHUSD+0.0080%1h2,770.8−0.112%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,773.90.000%$60.4M$4.41B50xas long as short
Vest ETH-PERP+0.0084%1h2,773.3−0.021%—$876K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,774.1+0.007%$420.9M$594.3M100xas long as short
Gate ETH_USDT+0.0092%8h2,773.7−0.006%$3.39B$9.10B200xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,769.3−0.165%$8.6M$32.0M100xas long as short
Lighter ETH+0.0096%1h2,772.7−0.041%$115.2M$460.1M50xas long as short
Lighter RH ETH+0.0096%1h2,774.3+0.016%$25.6M$112.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.8+0.142%$16.0M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.3−0.021%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.4−0.018%$14.6M$112.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.7+0.066%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,774+0.006%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,774.1+0.007%$2.52B$4.28B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.4−0.017%$2.8M$16.7M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,773.9long leg$2.8M$16.8M25x
Bulk ETH-USD+0.0100%1h2,763.5−0.373%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,774.2+0.012%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.4−0.018%$15.2M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,769.2−0.170%$134.1M$347.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,769−0.177%$181.8M$786.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4−0.090%$161.1M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,771.1−0.100%$21.4M$64.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8−0.003%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.5−0.013%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.5+0.023%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.3−0.022%$973K$12.8M100xas long as short
Extended ETH-USD+0.0104%1h2,773.2−0.024%$30.9M$74.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.9−0.143%—$36.0M500xas long as short
Kalshi KXETHPERP+0.0113%8h2,773.4−0.017%$8.1M$673.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.6−0.009%$98.0M$314.3M100xas long as short
Orderly PERP_ETH_USDC+0.0156%8h2,775.6+0.061%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,770.4−0.126%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,769.1−0.171%$287.7M$177.7M150xas long as short
Deribit ETH-PERPETUALshort+0.0201%1h2,773.7−0.007%$259.1M$201.7M50x
Reya ETHRUSDPERP+0.0214%1h2,773.8−0.002%$7.4M$1.1M25xas long as short