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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 10:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.009%
Price spread now: dYdX against Bullet−0.006%7-day average −0.018% · 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−$26as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Long on BulletShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.220%+$22 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.006%, 7d avg −0.018%
Together, before fees+0.238%+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.220%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,744.10.0100pay 0.0013% / 1h58m 29s$177K$1.7M20x
ShortdYdX ETH-USD2,743.90get 0.0000% / 1h58m 29s$11.1M$41.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Bullet. 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
−$21
Price spread: −0.006% → −0.018%
$1.26
Slippage, 4 orders
−$9.28
Fee Bullet: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$47.02
Costs to cover
0.273%
Break-even
never at this rate
Slippage from Bullet: live order book, 1 min ago; dYdX: live order book, 16 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 Bullet live order book, 1 min ago0.18 bp4.3 bp −$47.0 bp −$70doesn't fitdoesn't fit
Sell dYdX live order book, 16 min ago2.91 bp8.1 bp −$88.8 bp −$8813.0 bp −$1,30449.0 bp −$24.5K

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,748.4+0.157%$5K$1K50xas long as short
Bybit ETHUSDT−0.0039%8h2,743.8−0.011%$2.36B$4.15B150xas long as short
Hibachi ETH/USDT-P−0.0024%1h2,750+0.214%$236K$1.3M20xas long as short
Phoenix ETH−0.0012%1h2,751.4+0.266%$814K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.9+0.173%$12.0M—200xas long as short
dYdX ETH-USDshort0.0000%1h2,743.9−0.006%$11.1M$41.4M50x
Kalshi KXETHPERP0.0000%8h2,747.9+0.138%$6.8M$664.0M4.9xas long as short
Perpl ETH0.0000%43m2,744.8+0.026%$271K$5.2M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,746.2+0.077%$266.4M$209.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.8+0.207%$33.2M—200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,744.8+0.026%$179K$943K50xas long as short
Phemex ETHUSDT+0.0034%8h2,745.6+0.053%$264.2M$59.4M150xas long as short
Gate ETH_USDT+0.0037%8h2,743.7−0.013%$3.27B$7.65B200xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,743.5−0.022%$1.67B$10.18B100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,749.5+0.196%$8.3M$30.3M100xas long as short
Aster ETHUSDT+0.0071%8h2,744.4+0.011%$252.9M$796.6M200xas long as short
SoDEX ETH-USD+0.0078%1h2,745+0.033%$54.7M$160.0M40xas long as short
HTX ETH-USDT+0.0079%8h2,744.7+0.023%$1.05B$1.16B200xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,745.8+0.062%$82.5M$290.8M100xas long as short
Aevo ETH-PERP+0.0080%1h2,742.8−0.047%$4.9M$200K20xas long as short
MEXC ETH_USDT+0.0081%8h2,744.2+0.003%$1.58B$2.46B500xas long as short
Binance ETHUSDT+0.0081%8h2,743.7−0.014%$6.40B$15.42B150xas long as short
KuCoin ETHUSDTM+0.0089%8h2,743.8−0.010%$367.6M$481.9M100xas long as short
Lighter ETH+0.0096%1h2,744.3+0.007%$113.6M$378.4M50xas long as short
Lighter RH ETH+0.0096%1h2,745.7+0.059%$24.8M$91.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,745.6+0.053%—$24.6M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4+0.011%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749+0.178%$15.7M$6.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.2+0.003%$14.6M$100.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,746.2+0.077%$3.13B$1.94B25xas long as short
Pacifica ETH+0.0100%1h2,744.8+0.025%$32.1M$326.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.10.000%$2.8M$15.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,745+0.034%$1.5M$15.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.265%$166.7M$340.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,743.9−0.008%$2.11B$2.55B150xas long as short
BingX ETH-USDC+0.0100%8h2,742.7−0.050%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.3+0.045%$14.9M$37.7M50xas long as short
Variational Omni ETH+0.0100%8h2,746.4+0.084%$131.8M$307.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,749+0.179%$186.3M$695.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.1+0.184%$159.8M$73.6M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2+0.149%$21.1M$72.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.4+0.082%—$409K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4+0.047%$11.3M$9.0M50xas long as short
Bullet ETH-USDlong+0.0100%1h2,744.1long leg$177K$1.7M20x
Bluefin ETH-PERP+0.0100%1h2,745.7+0.058%$20K$15K25xas long as short
SunX ETH-USDT+0.0100%8h2,746.3+0.080%$946K$9.9M100xas long as short
Extended ETH-USD+0.0104%1h2,743.2−0.031%$30.4M$68.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,745.9+0.066%$45.6M$4.10B50xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,748.8+0.171%$30K$12K20xas long as short
Reya ETHRUSDPERP+0.0167%1h2,745+0.031%$7.3M$880K25xas long as short
RISEx ETH/USDC+0.0167%1h2,745.2+0.042%$5.6M$11.2M25xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,746.3+0.081%$32.4M$10.4M100xas long as short
BloFin ETH-USDT+0.0301%8h2,745+0.033%$281.8M$166.0M150xas long as short
Injective ETH/USDC PERP+0.0308%1h2,752.8+0.317%$122K$19.9M52xas long as short