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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 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Pacifica−0.081%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on PacificaShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 7 days+0.050%+$5 · spread now −0.081%, 7d avg −0.056%
Together, before fees+0.115%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$12 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: Extended is 0.025% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,7360.0100pay 0.0013% / 1h50m 21s$31.6M$335.1M50x
ShortExtended ETH-USD2,733.80.0104get 0.0013% / 1h50m 21s$30.6M$72.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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
$0.84
Price spread: −0.081% → −0.056%
−$2.48
Slippage, 4 orders
−$0.73
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$15.38
Costs to cover
0.137%
Break-even
135.1 days
Slippage from Pacifica: live order book, 4 min ago; Extended: 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 Pacifica live order book, 4 min ago0.18 bp4.2 bp −$44.5 bp −$45doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$275.2 bp −$52115.2 bp −$7,597

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%43m2,734.7−0.049%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,739.3+0.121%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.077%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735−0.036%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.9−0.040%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735−0.037%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.190%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,735−0.035%$25.7M—200xas long as short
Bullet ETH-USD+0.0045%1h2,734.5−0.055%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0049%1h2,735.8−0.007%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0055%8h2,734.1−0.069%—$18.4M—as long as short
OKX ETH-USDT-SWAP+0.0071%8h2,734.5−0.056%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,734.7−0.048%$380.7M$573.6M100xas long as short
Aster ETHUSDT+0.0084%8h2,734.5−0.054%$252.8M$840.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.1−0.105%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,734.6−0.051%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,734.6−0.051%$6.35B$15.71B150xas long as short
Lighter ETH+0.0096%1h2,734.9−0.039%$112.6M$432.3M50xas long as short
Lighter RH ETH+0.0096%1h2,737+0.037%$24.1M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,735.6−0.014%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,735.3−0.025%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.9+0.142%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734−0.073%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.054%$13.9M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.9+0.033%$3.10B$2.05B25xas long as short
Pacifica ETHlong+0.0100%1h2,736long leg$31.6M$335.1M50x
Bybit ETHUSDT+0.0100%8h2,734.5−0.053%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.3−0.062%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.1−0.034%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.174%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.8−0.046%$3.38B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.6−0.052%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.1+0.003%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9−0.040%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.072%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.109%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738+0.071%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,7360.000%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.9−0.004%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,7360.000%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.3+0.047%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.3−0.026%$960K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.8−0.007%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,7360.000%$265.9M$65.1M150xas long as short
Extended ETH-USDshort+0.0104%1h2,733.8−0.081%$30.6M$72.4M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.054%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,738.6+0.095%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,736.3+0.011%$7.7M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.6+0.020%$32.2M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0196%1h2,737.5+0.054%$260.0M$194.6M50xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5−0.018%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,736.6+0.022%$85.6M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,733.9−0.077%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736.9+0.031%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.1204%1h2,735−0.036%$21K$20K25xas long as short