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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+0.0100%/8h= +10.9% APRpaid last 24h −0.030%
Price spread now: SunX against dYdX−0.052%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Long on dYdXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.052%, 7d avg −0.038%
Together, before fees−0.125%−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, 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 7 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,7700get 0.0000% / 1h24m 47s$12.7M$45.9M50x
ShortSunX ETH-USDT2,768.60.0100get 0.0100% / 8h24m 47s$971K$13.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$21
Price spread: −0.052% → −0.038%
−$1.35
Slippage, 4 orders
−$5.89
Fee dYdX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$4.25
Costs to cover
0.239%
Break-even
8.4 days
Slippage from dYdX: live order book, 4 min ago; SunX: live order book, 4 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 dYdX live order book, 4 min ago0.36 bp6.4 bp −$610.2 bp −$10211.9 bp −$1,19334.6 bp −$17.3K
Sell SunX live order book, 4 min ago0.50 bp4.5 bp −$54.9 bp −$497.5 bp −$7479.8 bp −$4,905

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−0.0223%43m2,768.9−0.040%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,768.5−0.057%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.428%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5−0.019%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.084%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.2−0.030%$168K$1.2M50xas long as short
dYdX ETH-USDlong0.0000%1h2,770long leg$12.7M$45.9M50x
Phoenix ETH+0.0003%1h2,771.1+0.038%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.2+0.006%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,769−0.037%$1.70B$11.86B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,773.2+0.115%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.1+0.003%$12.8M—200xas long as short
Aster ETHUSDT+0.0031%8h2,769.9−0.004%$255.6M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,770.3+0.010%$270.1M$69.0M150xas long as short
SoDEX ETH-USD+0.0034%1h2,770−0.001%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0048%1h2,769.4−0.022%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,767.1−0.105%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,769.6−0.016%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,769.7−0.013%$6.45B$17.30B150xas long as short
Bitget ETHUSDT+0.0066%8h2,768.9−0.041%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0070%8h2,769.7−0.013%$3.29B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,769.4−0.023%$420.8M$739.8M100xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,771.7+0.061%$259.0M$222.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.7+0.058%$60.1M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,769.3−0.027%$2.50B$4.63B150xas long as short
BingX ETH-USDT+0.0091%8h2,769.9−0.004%—$1.22B—as long as short
Vest ETH-PERP+0.0093%1h2,769.7−0.013%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,770−0.001%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.7+0.025%$115.1M$499.6M50xas long as short
Lighter RH ETH+0.0096%1h2,772+0.072%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7−0.012%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.6−0.053%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.9−0.041%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.3−0.061%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.3+0.046%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,769−0.036%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.6−0.052%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.7−0.012%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.103%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9−0.005%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.010%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.076%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.043%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.049%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.7−0.012%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770−0.003%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.4+0.087%$42.7M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,768.6−0.052%$971K$13.9M100x
Extended ETH-USD+0.0104%1h2,769.1−0.033%$32.5M$78.1M50xas long as short
Kalshi KXETHPERP+0.0114%8h2,770.1+0.002%$8.2M$686.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.049%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,772.6+0.094%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770−0.002%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,769.3−0.027%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.052%$252K$1.6M20xas long as short