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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 00:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Bybit−0.084%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on BybitShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.084%, 7d avg −0.019%
Together, before fees+0.070%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,772.80.0093pay 0.0093% / 8h1h 25m$2.51B$4.61B150x
ShortSunX ETH-USDT2,770.50.0100get 0.0100% / 8h1h 25m$971K$14.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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
$1.41
Price spread: −0.084% → −0.019%
−$6.47
Slippage, 4 orders
−$2.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$26.19
Costs to cover
0.211%
Break-even
137.3 days
Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 13 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 Bybit live order book, 3 min ago0.02 bp5.5 bp −$66.0 bp −$607.0 bp −$6969.3 bp −$4,654
Sell SunX live order book, 13 min ago0.20 bp4.2 bp −$44.4 bp −$446.7 bp −$674doesn'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
Perpl ETH−0.0447%43m2,772.4−0.015%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.2−0.057%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.9+0.003%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3−0.091%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.2−0.022%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0017%1h2,773.7+0.034%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,773.3+0.017%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,769.6−0.116%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.017%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,772.8−0.002%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,772.8−0.001%$1.70B$11.85B100xas long as short
Phemex ETHUSDT+0.0023%8h2,771.8−0.038%$269.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,773.2+0.014%$13.0M—200xas long as short
Aster ETHUSDT+0.0032%8h2,772.7−0.004%$255.9M$991.0M200xas long as short
Bullet ETH-USD+0.0036%1h2,772.3−0.017%$180K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0053%1h2,772.9+0.003%$258.3M$222.2M50xas long as short
MEXC ETH_USDT+0.0060%8h2,771.2−0.057%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.9+0.004%$6.42B$17.17B150xas long as short
Nado ETH-PERP+0.0060%1h2,772.1−0.025%$14.3M$118.1M50xas long as short
Aevo ETH-PERP+0.0064%1h2,769.5−0.120%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0071%8h2,772.80.000%$2.10B$3.10B150xas long as short
SoDEX ETH-USD+0.0072%1h2,771.2−0.058%$55.2M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,772.4−0.014%$8.8M$32.6M100xas long as short
Gate ETH_USDT+0.0074%8h2,772.9+0.003%$3.29B$9.62B200xas long as short
Bybit ETHUSDTlong+0.0093%8h2,772.8long leg$2.51B$4.61B150x
HTX ETH-USDT+0.0094%8h2,772.2−0.021%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.7−0.039%$115.0M$500.3M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.010%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.2+0.015%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,771.1−0.062%$423.1M$739.3M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.9−0.067%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.9−0.033%$476K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.3+0.088%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,772.4−0.014%$31.2M$299.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771−0.065%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,773+0.006%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,767.4−0.194%$166.0M$246.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.2−0.060%$15.1M$44.6M50xas long as short
Variational Omni ETH+0.0100%8h2,769.4−0.121%$135.0M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.7−0.076%$181.3M$782.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.9+0.005%$161.3M$91.2M50xas long as short
StandX ETH-USD+0.0100%1h2,774.1+0.047%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,773+0.007%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.8+0.036%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.454%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.6+0.029%$42.7M$29.3M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,770.5−0.084%$971K$14.0M100x
Extended ETH-USD+0.0104%1h2,770.7−0.076%$32.9M$77.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.4−0.015%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0123%8h2,773+0.007%$8.5M$677.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,775.1+0.081%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,772−0.030%$85.9M$331.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.1+0.009%$285.2M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0191%1h2,772.4−0.016%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,775.1+0.084%$271K$1.5M20xas long as short