ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.021%

Price spread now: dYdX against Bulk+0.054%7-day average −0.016% · 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−$210.211% of the position

Long on Bulk Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.213%+$21 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.054%, 7d avg −0.016%

Together, before fees+0.225%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.070% dearer against Bulk than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 4 days funding on this pair paid +0.213%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ETH-USD	2,739.7	0.0100	pay 0.0013% / 1h	54m 02s	$171.0M	$325.1M	25x
Short	dYdX ETH-USD	2,741.1	0	get 0.0000% / 1h	54m 02s	$10.7M	$41.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bulk. 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 BulkbpFee dYdXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$21
Price spread: +0.054% → −0.016%: $6.96
Slippage, 4 orders: −$4.05
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$35.1
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Bulk: live order book, 5 min ago; dYdX: live order book, 5 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 Bulk live order book, 5 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	3.5 bp −$352	4.4 bp −$2,211
Sell dYdX live order book, 5 min ago	1.46 bp	6.5 bp −$6	14.5 bp −$145	20.6 bp −$2,058	41.0 bp −$20.5K

ETH on 55 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	−0.0447%	43m	2,738.9	−0.028%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,741.1	+0.052%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,738.5	−0.043%	$11.9M	—	200x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,741.1	+0.054%	$10.7M	$41.9M	50x
Kalshi KXETHPERP	0.0000%	8h	2,741.9	+0.082%	$6.7M	$680.3M	4.9x	as long as short
Phoenix ETH	0.0000%	1h	2,739.6	−0.002%	$826K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,738.6	−0.040%	$28.1M	—	200x	as long as short
HTX ETH-USDT	+0.0020%	8h	2,737.4	−0.083%	$1.06B	$1.20B	200x	as long as short
Bullet ETH-USD	+0.0033%	1h	2,738.1	−0.057%	$179K	$1.7M	20x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,739.8	+0.005%	$187K	$817K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0042%	8h	2,737.4	−0.083%	—	$1.15B	—	as long as short
Bybit ETHUSDT	+0.0049%	8h	2,737.2	−0.090%	$2.37B	$4.37B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0064%	1h	2,739	−0.023%	$260.0M	$198.6M	50x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,737.7	−0.072%	$380.1M	$574.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0075%	8h	2,737.5	−0.079%	$1.67B	$10.75B	100x	as long as short
Phemex ETHUSDT	+0.0079%	8h	2,737.5	−0.078%	$265.7M	$65.2M	150x	as long as short
Aster ETHUSDT	+0.0090%	8h	2,738.5	−0.042%	$251.2M	$842.5M	200x	as long as short
Lighter ETH	+0.0096%	1h	2,738	−0.062%	$113.0M	$430.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,739.2	−0.016%	$23.5M	$103.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,742.4	+0.101%	—	$31.0M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,735.3	−0.158%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,734.2	−0.199%	$117K	$22.5M	52x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,737.4	−0.083%	$1.56B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0098%	8h	2,738.6	−0.038%	$6.36B	$15.90B	150x	as long as short
SoDEX ETH-USD	+0.0098%	1h	2,737.6	−0.075%	$54.5M	$187.6M	40x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,746	+0.230%	$15.7M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,740.4	+0.027%	$505K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.2	−0.052%	$13.7M	$104.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,739.6	−0.001%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,742.4	+0.100%	$32.0M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,740.2	+0.020%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.8	+0.041%	$1.6M	$15.9M	25x	as long as short
Bulk ETH-USDlong	+0.0100%	1h	2,739.7	long leg	$171.0M	$325.1M	25x
Gate ETH_USDT	+0.0100%	8h	2,737.6	−0.075%	$3.34B	$8.83B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,737.6	−0.077%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,736.7	−0.109%	$15.2M	$40.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.5	−0.043%	$134.0M	$323.1M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,737.9	−0.066%	$184.2M	$669.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.7	−0.034%	$159.3M	$86.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,738.6	−0.038%	$8.7M	$31.3M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,739.9	+0.009%	$21.1M	$68.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,740.1	+0.015%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,740.2	+0.020%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,738.9	−0.028%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,739.9	+0.008%	$41.3M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.9	−0.102%	$959K	$11.3M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737	−0.098%	$30.6M	$72.9M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,740.6	+0.036%	$5.7M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0107%	1h	2,738.6	−0.039%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,738.9	−0.029%	$51.2M	$4.28B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,738.4	−0.046%	$83.6M	$315.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0200%	8h	2,739.9	+0.008%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0215%	1h	2,737.4	−0.081%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,741.3	+0.059%	$248K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0395%	8h	2,741.5	+0.066%	$283.7M	$176.1M	150x	as long as short