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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 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.035%
Price spread now: 01 Exchange against dYdX+0.048%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Long on dYdXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.273%−$27 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.048%, 7d avg +0.005%
Together, before fees−0.311%−$31 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: 01 Exchange is 0.043% dearer against dYdX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,750.60get 0.0000% / 1h47m 33s$10.9M$42.0M50x
Short01 Exchange ETHUSD2,751.90.0008get 0.0001% / 1h47m 33s$181K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$1.68
Price spread: +0.048% → +0.005%
$4.25
Slippage, 4 orders
−$7.24
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$18.31
Costs to cover
0.242%
Break-even
83.3 days
Slippage from dYdX: live order book, 2 min ago; 01 Exchange: live order book, 2 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, 2 min ago0.36 bp5.4 bp −$59.3 bp −$9316.7 bp −$1,67255.3 bp −$27.6K
Sell 01 Exchange live order book, 2 min ago0.36 bp5.5 bp −$511.2 bp −$112doesn't fitdoesn'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%43m2,751.6+0.038%$316K$6.2M8.3xas long as short
ApeX Omni ETHUSDT−0.0175%1h2,753.4+0.104%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,751.7+0.040%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,751.9+0.047%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,750.9+0.012%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,749.5−0.040%$863K$3.1M25xas long as short
dYdX ETH-USDlong0.0000%1h2,750.6long leg$10.9M$42.0M50x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751+0.016%$22.2M—200xas long as short
01 Exchange ETHUSDshort+0.0008%1h2,751.9+0.048%$181K$1.1M50x
BingX ETH-USDT+0.0028%8h2,751.2+0.022%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0036%8h2,750.8+0.006%$1.68B$11.10B100xas long as short
Aster ETHUSDT+0.0055%8h2,752.6+0.071%$256.0M$856.4M200xas long as short
Aevo ETH-PERP+0.0056%1h2,750.2−0.016%$4.9M$168K20xas long as short
HTX ETH-USDT+0.0059%8h2,751+0.015%$1.07B$1.22B200xas long as short
MEXC ETH_USDT+0.0063%8h2,751.1+0.019%$1.58B$2.53B500xas long as short
Binance ETHUSDT+0.0065%8h2,751.4+0.030%$6.36B$16.32B150xas long as short
Gate ETH_USDT+0.0067%8h2,751.1+0.017%$3.33B$8.74B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,750.7+0.002%$384.3M$606.5M100xas long as short
Bitget ETHUSDT+0.0084%8h2,751.3+0.025%$2.07B$2.86B150xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,752.5+0.068%$258.8M$202.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,752.4+0.065%$59.5M$4.40B50xas long as short
Lighter ETH+0.0096%1h2,750.9+0.011%$113.3M$439.3M50xas long as short
Lighter RH ETH+0.0096%1h2,753.4+0.103%$25.1M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,755.4+0.174%—$35.6M500xas long as short
Variational Omni ETH+0.0097%8h2,750.3−0.011%$133.4M$346.5M—as long as short
Aftermath Perps ETHUSD+0.0097%1h2,751.6+0.037%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.1+0.129%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,751+0.015%$470K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750.8+0.008%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.4+0.102%$3.13B$2.14B25xas long as short
Pacifica ETH+0.0100%1h2,751.3+0.028%$31.6M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.5+0.032%$2.47B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,750.2−0.014%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,752.2+0.057%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.029%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751.2+0.021%$15.0M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,752.9+0.085%$184.4M$735.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.1+0.091%$160.1M$82.7M50xas long as short
StandX ETH-USD+0.0100%1h2,753.9+0.120%$21.3M$66.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.7+0.076%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,751+0.015%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.7+0.003%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.8+0.045%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,753.1+0.093%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,751.7+0.039%$964K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.9+0.011%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,751.6+0.035%$267.7M$66.3M150xas long as short
Extended ETH-USD+0.0104%1h2,750.5−0.002%$30.8M$74.6M50xas long as short
Kalshi KXETHPERP+0.0133%8h2,752.9+0.084%$7.7M$672.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0161%8h2,753.8+0.115%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,754.3+0.136%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.082%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,753.2+0.095%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.8−0.027%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,752.4+0.065%$93.2M$316.0M100xas long as short