Settings8H · net · $10k
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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−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against BingX+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Long on BingXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.009%, 7d avg +0.015%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,776.80.0100pay 0.0100% / 8h2h 22m—$17.3M—
ShortPhemex ETHUSDT2,7770.0013get 0.0013% / 8h2h 22m$267.4M$66.0M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against BingX. 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
−$18.26
Price spread: +0.009% → +0.015%
−$0.67
Slippage, 4 orders
−$2.31
Fee BingX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$43.23
Costs to cover
0.243%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; Phemex: 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 BingX live order book, 1 min ago0.16 bp5.2 bp −$55.2 bp −$526.9 bp −$69210.0 bp −$5,015
Sell Phemex live order book, 2 min ago0.02 bp6.0 bp −$67.3 bp −$7310.7 bp −$1,07415.4 bp −$7,718

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−0.0112%43m2,776.2−0.020%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.039%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.5−0.010%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.001%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.122%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.7−0.004%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.1+0.011%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0004%1h2,773.9−0.102%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.1+0.049%$22.4M—200xas long as short
Phemex ETHUSDTshort+0.0013%8h2,777+0.009%$267.4M$66.0M150x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4−0.196%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,776.9+0.005%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,778.1+0.047%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,777.2+0.016%$256.9M$995.8M200xas long as short
MEXC ETH_USDT+0.0047%8h2,777.4+0.021%$1.61B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.9−0.030%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0048%8h2,777.2+0.016%$6.44B$17.24B150xas long as short
Gate ETH_USDT+0.0073%8h2,777.4+0.023%$3.29B$9.66B200xas long as short
Bitget ETHUSDT+0.0074%8h2,777.1+0.013%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,777.4+0.022%$183K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.094%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.8+0.035%$115.4M$514.1M50xas long as short
Lighter RH ETH+0.0096%1h2,779.1+0.083%$25.4M$122.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.2+0.052%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776−0.028%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.1−0.024%$487K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.2−0.019%$15.3M$117.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.5+0.098%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.9+0.004%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,777.1+0.011%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6−0.042%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.3+0.055%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.391%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.3+0.020%$423.2M$742.1M100xas long as short
BingX ETH-USDClong+0.0100%8h2,776.8long leg—$17.3M—
Backpack ETH_USDC_PERP+0.0100%1h2,777.7+0.031%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.210%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8−0.142%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,776.2−0.021%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.6+0.031%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.6+0.066%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.032%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.5+0.098%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6−0.041%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,777.1+0.012%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,777.2+0.015%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.7−0.004%$31.4M$76.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.9+0.075%$60.3M$4.63B50xas long as short
Deribit ETH-PERPETUAL+0.0121%1h2,778.9+0.076%$258.5M$224.9M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.6+0.030%$8.6M$673.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,780+0.115%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0167%8h2,776.3−0.019%$285.2M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,777.5+0.025%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.4+0.060%$87.0M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.087%$284K$1.5M20xas long as short