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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 08:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.007%
Price spread now: Pacifica against Binance+0.014%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on BinanceShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.014%, 7d avg +0.008%
Together, before fees+0.038%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,731.50.0094pay 0.0094% / 8h42m 33s$6.32B$16.15B150x
ShortPacifica ETH2,731.90.0100get 0.0013% / 1h42m 33s$32.1M$333.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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
$1.29
Price spread: +0.014% → +0.008%
$0.5
Slippage, 4 orders
−$0.4
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$16.61
Costs to cover
0.184%
Break-even
97.3 days
Slippage from Binance: live order book, 17 min ago; Pacifica: 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 Binance live order book, 17 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5497.9 bp −$3,964
Sell Pacifica live order book, 2 min ago0.18 bp4.2 bp −$44.8 bp −$48doesn't fitdoesn't fit

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
BloFin ETH-USDT−0.0189%8h2,730−0.054%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.022%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,733.5+0.073%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9−0.021%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.3−0.009%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.3−0.007%$6.3M$680.6M4.9xas long as short
Perpl ETH0.0000%43m2,731.4−0.002%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.6−0.034%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.7−0.030%$32.9M—200xas long as short
BingX ETH-USDT+0.0019%8h2,730.9−0.021%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,731.8+0.011%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,729.5−0.074%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,731.8+0.011%$192K$888K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.029%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2−0.010%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,730.2−0.047%$82.0M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,731.1−0.016%$384.9M$576.9M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,731.7+0.007%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,731.7+0.007%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,732+0.018%$253.0M$849.3M200xas long as short
Binance ETHUSDTlong+0.0094%8h2,731.5long leg$6.32B$16.15B150x
MEXC ETH_USDT+0.0094%8h2,730.8−0.026%$1.56B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,731.6+0.002%$112.6M$429.5M50xas long as short
Lighter RH ETH+0.0096%1h2,732.7+0.045%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.151%$4.9M$181K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.7−0.029%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.3+0.140%$15.4M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.3−0.044%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.3+0.029%$3.11B$2.04B25xas long as short
Pacifica ETHshort+0.0100%1h2,731.9+0.014%$32.1M$333.6M50x
Ondo Perps ETH-USD.P+0.0100%1h2,730.2−0.048%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.011%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.073%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.2−0.010%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1+0.022%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.7−0.064%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.005%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7+0.008%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.019%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,731.50.000%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.062%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.3+0.066%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.6−0.035%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6−0.031%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.6+0.005%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.3−0.043%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,729.7−0.066%$54.4M$187.1M40xas long as short
Phemex ETHUSDT+0.0100%8h2,730.9−0.021%$263.2M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,731.8+0.009%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.2−0.046%$30.4M$72.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.4−0.004%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731−0.018%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,731.4−0.004%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,731−0.017%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,732.3+0.029%$32.2M$11.3M100xas long as short