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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.001%
Price spread now: Coinbase International against edgeX+0.038%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Long on edgeXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.038%, 7d avg +0.054%
Together, before fees−0.025%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,730.40.0100pay 0.0050% / 4h40m 30s$185.7M$681.4M100x
ShortCoinbase International ETH-PERP-INTX2,731.50.0112get 0.0014% / 1h40m 30s$46.6M$4.30B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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
$2.52
Price spread: +0.038% → +0.054%
−$1.61
Slippage, 4 orders
−$0.86
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.94
Costs to cover
0.199%
Break-even
59.6 days
Slippage from edgeX: live order book, 4 min ago; Coinbase International: 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 edgeX live order book, 4 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$5056.4 bp −$3,220
Sell Coinbase International live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$506.7 bp −$67421.1 bp −$10.5K

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
BloFin ETH-USDT−0.0188%8h2,730.2−0.009%$280.6M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.4−0.037%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,732.8+0.087%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.5+0.004%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,729.8−0.021%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.6+0.043%$6.4M$681.6M4.9xas long as short
Perpl ETH0.0000%43m2,730.5+0.005%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.8+0.016%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.6+0.006%$32.9M—200xas long as short
BingX ETH-USDT+0.0019%8h2,728.3−0.078%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,728.2−0.083%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0028%8h2,730.1−0.013%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,729−0.052%$191K$889K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,731.5+0.040%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.030%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,730.40.000%$82.1M$309.4M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,729.3−0.039%$383.8M$577.3M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,732.8+0.086%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,728.1−0.086%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0080%8h2,728.7−0.063%$252.7M$849.3M200xas long as short
MEXC ETH_USDT+0.0093%8h2,728.9−0.056%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,728.3−0.077%$6.31B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,729.2−0.044%$112.5M$429.7M50xas long as short
Lighter RH ETH+0.0096%1h2,730.6+0.006%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.1−0.048%$4.9M$183K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.1−0.085%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.1+0.099%$15.4M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.057%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.5+0.040%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,729.9−0.019%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.9+0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.3−0.042%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.033%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.5−0.069%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.4−0.073%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.8−0.021%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,729.4−0.038%$133.9M$317.7M—as long as short
edgeX ETHUSDClong+0.0100%4h2,730.4long leg$185.7M$681.4M100x
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.059%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5+0.040%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.6+0.005%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.6−0.030%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.3−0.004%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.3+0.033%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.9+0.055%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.9−0.021%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,730.1−0.012%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,730.5+0.002%$263.2M$64.4M150xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,731.6+0.043%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.5−0.106%$30.4M$72.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,730.8+0.013%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,731.5+0.038%$46.6M$4.30B50x
RISEx ETH/USDC+0.0114%1h2,729−0.051%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,729.1−0.049%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,732.5+0.076%$32.2M$11.2M100xas long as short