ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h −0.037%

Price spread now: Injective against Arcus+0.064%7-day average +0.040% · 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−$64as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.432%−$43 · spread now +0.064%, 7d avg +0.040%

Together, before fees−0.504%−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.024% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 4 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,746.8	0.0100	pay 0.0013% / 1h	12m 46s	$1.6M	$15.4M	25x
Short	Injective ETH/USDC PERP	2,748.6	0.0253	get 0.0032% / 1h	12m 46s	$118K	$22.9M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +0.064%Rate

Funding earned: $32.17
Price spread: +0.064% → +0.040%: $2.38
Slippage, 4 orders: −$61.84
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$31.81
Costs to cover: 0.664%
Break-even: 13.9 days

Slippage from Arcus: live order book, 1 min ago; Injective: live order book, 1 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 Arcus live order book, 1 min ago	0.31 bp	2.6 bp −$3	3.3 bp −$33	6.1 bp −$611	doesn't fit
Sell Injective live order book, 1 min ago	15.46 bp	45.3 bp −$45	46.3 bp −$463	46.4 bp −$4,639	doesn't fit

ETH on 54 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	2,744.4	−0.088%	$276K	$5.3M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,744.4	−0.089%	$5K	$1K	50x	as long as short
Bybit ETHUSDT	−0.0057%	8h	2,746	−0.029%	$2.34B	$4.23B	150x	as long as short
Phemex ETHUSDT	−0.0028%	8h	2,743.7	−0.115%	$264.0M	$61.8M	150x	as long as short
BloFin ETH-USDT	−0.0026%	8h	2,744.2	−0.098%	$279.5M	$174.1M	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,741.5	−0.194%	$811K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743.9	−0.107%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,745.6	−0.045%	$11.0M	$42.0M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,744.6	−0.082%	$6.6M	$663.9M	4.9x	as long as short
Hibachi ETH/USDT-P	0.0000%	1h	2,746.3	−0.019%	$242K	$1.4M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,744.5	−0.087%	$266.0M	$214.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,743.8	−0.110%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,744.6	−0.082%	$184K	$904K	50x	as long as short
HTX ETH-USDT	+0.0038%	8h	2,744	−0.103%	$1.05B	$1.18B	200x	as long as short
Gate ETH_USDT	+0.0049%	8h	2,745.2	−0.062%	$3.28B	$8.43B	200x	as long as short
SoDEX ETH-USD	+0.0061%	1h	2,743	−0.140%	$54.7M	$160.1M	40x	as long as short
ApeX Omni ETHUSDT	+0.0067%	1h	2,743.3	−0.128%	$8.3M	$30.4M	100x	as long as short
Aster ETHUSDT	+0.0070%	8h	2,746.1	−0.027%	$253.8M	$798.2M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,745.8	−0.036%	$1.66B	$10.22B	100x	as long as short
MEXC ETH_USDT	+0.0080%	8h	2,746.2	−0.025%	$1.58B	$2.60B	500x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,740.6	−0.229%	$4.9M	$194K	20x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,746	−0.029%	$6.35B	$15.41B	150x	as long as short
SunX ETH-USDT	+0.0082%	8h	2,743.6	−0.119%	$949K	$10.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0086%	8h	2,746.1	−0.025%	$369.3M	$491.7M	100x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,743.4	−0.126%	$178K	$1.7M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,746.1	−0.028%	$113.7M	$407.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,747.5	+0.023%	$23.8M	$98.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,744.8	−0.076%	—	$23.8M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.5	−0.085%	$521K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,750.7	+0.140%	$15.5M	$6.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743.8	−0.110%	$14.5M	$99.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,748.2	+0.050%	$3.13B	$1.97B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,746.8	0.000%	$32.2M	$328.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,745.5	−0.049%	$2.7M	$16.0M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,746.8	long leg	$1.6M	$15.4M	25x
Bitget ETHUSDT	+0.0100%	8h	2,746.1	−0.027%	$2.12B	$2.54B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,745.4	−0.052%	—	$998.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744.3	−0.092%	$15.0M	$38.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,743.6	−0.119%	$132.5M	$307.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.4	−0.125%	$186.1M	$690.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.4	−0.089%	$159.6M	$77.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,746	−0.031%	$21.1M	$71.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,745.9	−0.035%	—	$416K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,745.3	−0.056%	$11.2M	$9.1M	50x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,738.5	−0.303%	$165.3M	$346.3M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.8	−0.110%	$30.4M	$68.8M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0104%	1h	2,743.8	−0.110%	$82.3M	$292.7M	100x	as long as short
Aftermath Perps ETHUSD	+0.0119%	1h	2,740.5	−0.232%	$30K	$12K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,744.2	−0.098%	$45.6M	$4.14B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,745.2	−0.060%	$5.6M	$11.3M	25x	as long as short
Reya ETHRUSDPERP	+0.0169%	1h	2,742.7	−0.152%	$7.3M	$936K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0180%	8h	2,745.3	−0.057%	$32.3M	$10.6M	100x	as long as short
Injective ETH/USDC PERPshort	+0.0253%	1h	2,748.6	+0.064%	$118K	$22.9M	52x
Bluefin ETH-PERP	+0.0806%	1h	2,744.4	−0.090%	$20K	$15K	25x	as long as short