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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.025%
Price spread now: Hibachi against Pacifica+0.025%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on PacificaShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.269%−$27 on $10k
Price spread, last 7 days+0.005%$0 · spread now +0.025%, 7d avg +0.022%
Together, before fees−0.264%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,749.20.0100pay 0.0013% / 1h3m 05s$31.7M$334.3M50x
ShortHibachi ETH/USDT-P2,749.90.0224get 0.0028% / 1h3m 05s$250K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$26.04
Price spread: +0.025% → +0.022%
$0.29
Slippage, 4 orders
−$4.11
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$5.22
Costs to cover
0.211%
Break-even
5.6 days
Slippage from Pacifica: live order book, 6 min ago; Hibachi: live order book, 1 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, 6 min ago0.18 bp4.4 bp −$45.2 bp −$52doesn't fitdoesn't fit
Sell Hibachi live order book, 1 min ago0.22 bp6.8 bp −$712.9 bp −$129doesn't fitdoesn't fit

ETH on 54 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−0.0112%43m2,749−0.009%$311K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1−0.004%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.1−0.002%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.1−0.042%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4−0.029%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.007%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.7−0.019%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,749.7+0.018%$182K$988K50xas long as short
BingX ETH-USDC+0.0041%8h2,747.6−0.059%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0052%8h2,747.4−0.065%$1.70B$10.71B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,748.6−0.023%$369.3M$605.1M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.8−0.016%$253.2M$848.7M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.137%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,747.5−0.062%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0081%8h2,748−0.043%$1.59B$2.59B500xas long as short
HTX ETH-USDT+0.0081%8h2,748.6−0.024%$1.06B$1.18B200xas long as short
Binance ETHUSDT+0.0082%8h2,747.6−0.058%$6.39B$15.97B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.2+0.036%$58.8M$4.30B50xas long as short
Lighter ETH+0.0096%1h2,749.20.000%$113.1M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.027%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2−0.036%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,753.2+0.144%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.2−0.036%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.1−0.005%$14.0M$108.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.8+0.022%$3.13B$2.05B25xas long as short
Pacifica ETHlong+0.0100%1h2,749.2long leg$31.7M$334.3M50x
Bybit ETHUSDT+0.0100%8h2,747.5−0.063%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.4−0.029%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.5+0.012%$2.8M$16.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,748.3−0.034%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.5−0.063%$2.08B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3−0.070%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.110%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.143%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.077%$159.7M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.9−0.011%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.5+0.010%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.9−0.011%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.7−0.056%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.1−0.005%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.6+0.051%$41.7M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,748.1−0.041%$964K$12.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.7−0.018%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8−0.013%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.108%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,748−0.044%$30.6M$73.1M50xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,747.5−0.061%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0148%8h2,748.9−0.011%$7.9M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,750.4+0.042%$258.9M$197.6M50xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,751.4+0.081%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3−0.033%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,747.7−0.055%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-Pshort+0.0224%1h2,749.9+0.025%$250K$1.5M20x
Kraken Futures PF_ETHUSD+0.0354%1h2,749.8+0.023%$88.2M$314.0M100xas long as short