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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 03:48 UTC+0.0547%/8h= +59.8% APRpaid last 24h +0.054%
Price spread now: edgeX against Perpl−0.038%66s7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PerplShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.038%, 7d avg −0.048%
Together, before fees+0.014%+ Points / potential airdropPerpl: Active · edgeX: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ETH2,738.9−0.0447get 0.0040% / 43m8m 30s$297K$5.6M8.3x
ShortedgeX ETHUSDC2,737.90.0100get 0.0050% / 4h3h 54m$184.2M$669.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Perpl. 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
$114.77
Price spread: −0.038% → −0.048%
$1
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$92.96
Costs to cover
0.228%
Break-even
1.3 days
Slippage unknown: Perpl: no order-book sample; edgeX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Perpl no order-book sample—————
Sell edgeX live order book, 5 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$5046.3 bp −$3,168
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 ETHlong−0.0447%43m2,738.9long leg$297K$5.6M8.3x
Hotstuff ETH-PERP−0.0080%1h2,741.1+0.080%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2+0.085%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,741.1+0.081%$10.7M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,740.1+0.043%$6.7M$680.3M4.9xas long as short
Phoenix ETH0.0000%1h2,739.6+0.025%$826K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,741.6+0.097%$28.1M—200xas long as short
HTX ETH-USDT+0.0021%8h2,741.5+0.093%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0033%1h2,738.1−0.030%$179K$1.7M20xas long as short
01 Exchange ETHUSD+0.0040%1h2,739.8+0.032%$187K$817K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0042%8h2,740.3+0.049%—$1.15B—as long as short
Bybit ETHUSDT+0.0049%8h2,738.1−0.030%$2.37B$4.36B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,739.1+0.005%$380.3M$574.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.2−0.026%$1.67B$10.75B100xas long as short
Phemex ETHUSDT+0.0077%8h2,741.8+0.107%$266.2M$65.1M150xas long as short
Aster ETHUSDT+0.0090%8h2,740.6+0.061%$251.4M$842.5M200xas long as short
Lighter ETH+0.0096%1h2,741.8+0.106%$113.2M$430.3M50xas long as short
Lighter RH ETH+0.0096%1h2,742.6+0.134%$23.5M$103.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,740.1+0.044%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,737.8−0.042%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,734.2−0.172%$117K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,738.2−0.027%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,739.8+0.034%$6.36B$15.90B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,746+0.257%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.4+0.054%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.2−0.024%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.4+0.054%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,742.4+0.127%$32.0M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.2+0.047%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.8+0.069%$1.6M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.028%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.7+0.065%$3.34B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.2−0.025%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.5+0.093%$15.2M$40.7M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.016%$134.0M$323.1M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,737.9−0.038%$184.2M$669.5M100x
GRVT ETH_USDT_Perp+0.0100%8h2,738.7−0.006%$159.3M$86.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,738.6−0.010%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,739.9+0.036%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.1+0.042%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.2+0.047%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,741.5+0.094%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,743+0.151%$41.4M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,738.7−0.009%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,741.5+0.095%$54.6M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,739.6+0.026%$30.6M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,740.6+0.063%$5.7M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,738.6−0.011%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,743+0.148%$51.2M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0152%1h2,742.7+0.139%$83.7M$315.4M100xas long as short
Deribit ETH-PERPETUAL+0.0166%1h2,743+0.149%$260.4M$197.7M50xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,743.6+0.173%$32.3M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0215%1h2,737.4−0.053%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,741.3+0.087%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0395%8h2,741.5+0.093%$283.7M$176.1M150xas long as short