ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.011%

Price spread now: Arcus against dYdX−0.010%57s7-day average +0.034% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.212% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.201%−$20 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.010%, 7d avg +0.034%

Together, before fees−0.166%−$17 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: Arcus is 0.044% cheaper against dYdX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,744	0.0093	pay 0.0012% / 1h	9m 47s	$15.2M	$42.2M	50x
Short	Arcus ETH-USD	2,743.8	0.0100	get 0.0013% / 1h	9m 47s	$1.6M	$14.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now −0.010%Rate

Funding earned: $1.41
Price spread: −0.010% → +0.034%: −$4.38
Slippage, 4 orders: −$6.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.2
Costs to cover: 0.212%
Break-even: 127.4 days

Slippage from dYdX: live order book, 2 min ago; Arcus: live order book, 2 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 dYdX live order book, 2 min ago	2.00 bp	7.0 bp −$7	18.2 bp −$182	23.5 bp −$2,353	44.1 bp −$22.1K
Sell Arcus live order book, 2 min ago	0.04 bp	3.3 bp −$3	3.5 bp −$35	5.8 bp −$575	doesn't fit

ETH on 55 exchanges

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
Hotstuff ETH-PERP	−0.0080%	1h	2,743.5	−0.019%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,743.1	−0.034%	$228K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,742.4	−0.058%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,744.9	+0.032%	$818K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,743.3	−0.026%	$7.1M	$659.5M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,742.8	−0.045%	$264K	$4.9M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,742.5	−0.055%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,742.9	−0.041%	$183K	$916K	50x	as long as short
Bybit ETHUSDT	+0.0054%	8h	2,744.7	+0.024%	$2.37B	$3.74B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0056%	1h	2,743.5	−0.018%	$267.5M	$179.8M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	+0.0066%	1h	2,745.7	+0.062%	$8.2M	$24.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,744.9	+0.031%	$1.67B	$8.91B	100x	as long as short
SoDEX ETH-USD	+0.0091%	1h	2,742.3	−0.063%	$61.7M	$121.5M	40x	as long as short
dYdX ETH-USDlong	+0.0093%	1h	2,744	long leg	$15.2M	$42.2M	50x
Binance ETHUSDT	+0.0094%	8h	2,744.7	+0.023%	$6.42B	$13.51B	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,744.7	+0.024%	$1.59B	$2.33B	500x	as long as short
KuCoin ETHUSDTM	+0.0095%	8h	2,744.4	+0.014%	$378.8M	$427.3M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,744.7	+0.024%	$113.4M	$388.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,746	+0.072%	$23.8M	$95.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743	−0.039%	—	$23.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,739.6	−0.162%	$4.9M	$270K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.4	−0.059%	$467K	$3.6M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,742.3	−0.063%	$14.9M	$93.1M	50x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,744.5	+0.017%	$253.3M	$695.0M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,745.4	+0.052%	$32.1M	$319.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,744	−0.001%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,743.8	−0.010%	$1.6M	$14.3M	25x
Bulk ETH-USD	+0.0100%	1h	2,745.1	+0.039%	$164.8M	$316.4M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,744	−0.001%	$3.26B	$7.69B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744.3	+0.009%	$2.11B	$2.24B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,742.8	−0.043%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.1	−0.069%	$15.1M	$34.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,741.7	−0.084%	$134.2M	$272.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,744	−0.002%	$184.6M	$546.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,744.2	+0.005%	$159.5M	$70.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,743.8	−0.008%	$21.0M	$78.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,743.7	−0.011%	—	$319K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.5	−0.019%	$11.2M	$8.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,742.2	−0.066%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,742.9	−0.042%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,743.7	−0.011%	$40.9M	$24.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.8	−0.046%	$945K	$7.9M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,742.3	−0.061%	$1.05B	$970.8M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.4	−0.060%	$262.9M	$56.9M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,742.9	−0.043%	$30.2M	$63.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,743.5	−0.019%	$48.1M	$3.86B	50x	as long as short
Aftermath Perps ETHUSD	+0.0118%	1h	2,743.9	−0.006%	$30K	$8K	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,742.9	−0.040%	$82.6M	$263.0M	100x	as long as short
Reya ETHRUSDPERP	+0.0138%	1h	2,741.2	−0.103%	$7.3M	$854K	25x	as long as short
Hyperliquid ETH	+0.0144%	1h	2,747.1	+0.112%	$3.16B	$1.62B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,744.5	+0.017%	$32.4M	$9.8M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,743.4	−0.024%	$5.7M	$10.5M	25x	as long as short
BloFin ETH-USDT	+0.0382%	8h	2,743	−0.037%	$284.7M	$144.6M	150x	as long as short
Paradex ETH-USD-PERP	+0.0386%	8h	2,747.6	+0.132%	$15.8M	$6.0M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,741.8	−0.081%	$118K	$25.4M	52x	as long as short