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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 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%
Price spread now: Pacifica against Derive−0.039%7-day average −0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.039%, 7d avg −0.036%
Together, before fees+0.116%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ETH-PERP2,737.50.0100pay 0.0013% / 1h51m 31s$41.4M$29.7M15x
ShortPacifica ETH2,736.40.0100get 0.0013% / 1h51m 31s$31.6M$335.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Derive. 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
$0
Price spread: −0.039% → −0.036%
−$0.31
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$14.31
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Pacifica: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn't fitdoesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,735.2−0.085%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.103%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.3−0.043%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736−0.053%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,736.2−0.047%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3−0.043%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.136%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.1−0.049%$25.7M—200xas long as short
SoDEX ETH-USD+0.0045%1h2,735.2−0.083%$54.5M$187.6M40xas long as short
Bullet ETH-USD+0.0047%1h2,735.9−0.058%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,735−0.092%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,736−0.054%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,735.9−0.058%$380.9M$573.3M100xas long as short
Aster ETHUSDT+0.0083%8h2,736.2−0.048%$253.0M$840.4M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.2−0.156%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,735.8−0.060%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,736−0.054%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,735.6−0.070%$112.5M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.7−0.029%$24.4M$103.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.5+0.002%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,736.3−0.042%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.5+0.075%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.2−0.083%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.5−0.072%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.1+0.024%$3.11B$2.05B25xas long as short
Pacifica ETHshort+0.0100%1h2,736.4−0.039%$31.6M$335.1M50x
Bybit ETHUSDT+0.0100%8h2,736.1−0.050%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,735.3−0.079%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,736−0.054%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.120%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,735.9−0.056%$3.38B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.1−0.050%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.3−0.079%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.127%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.018%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.055%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.017%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.067%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.9−0.021%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.2−0.010%$10.9M$8.8M50xas long as short
Derive ETH-PERPlong+0.0100%1h2,737.5long leg$41.4M$29.7M15x
SunX ETH-USDT+0.0100%8h2,734.4−0.113%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.7−0.067%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,735.1−0.087%$265.8M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,734.8−0.099%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.002%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0123%1h2,739+0.058%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,737.3−0.006%$7.7M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,736.7−0.027%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,738.1+0.021%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4+0.034%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.9−0.056%$85.9M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.3−0.081%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.6+0.077%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1676%1h2,736.3−0.045%$21K$20K25xas long as short