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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 13:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.004%
Price spread now: Binance against SoDEX+0.007%7-day average +0.013% · 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−$19as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on SoDEXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.007%, 7d avg +0.013%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,746.10.0100pay 0.0013% / 1h24m 05s$61.8M$121.6M40x
ShortBinance ETHUSDT2,746.30.0088get 0.0088% / 8h3h 24m$6.43B$13.28B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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
−$2.49
Price spread: +0.007% → +0.013%
−$0.61
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$21.5
Costs to cover
0.184%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 min ago; Binance: live order book, 13 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 SoDEX live order book, 3 min ago0.18 bp4.2 bp −$44.3 bp −$435.9 bp −$58833.5 bp −$16.7K
Sell Binance live order book, 13 min ago0.02 bp5.0 bp −$55.0 bp −$505.2 bp −$5247.6 bp −$3,813

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0136%1h2,750.8+0.171%$231K$1.1M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,746.5+0.014%$12.2M—200xas long as short
Phoenix ETH−0.0009%1h2,747.6+0.055%$814K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,747+0.033%$7.3M$654.3M4.9xas long as short
Perpl ETH0.0000%43m2,746.3+0.006%$276K$4.8M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,746.5+0.013%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,747.1+0.036%$181K$920K50xas long as short
Injective ETH/USDC PERP+0.0033%1h2,739.7−0.233%$118K$21.5M52xas long as short
Deribit ETH-PERPETUAL+0.0038%1h2,747.4+0.046%$267.6M$175.7M50xas long as short
Bybit ETHUSDT+0.0050%8h2,746.4+0.009%$2.37B$3.71B150xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0061%8h2,746−0.003%$263.1M$55.7M150xas long as short
dYdX ETH-USD+0.0081%1h2,747.1+0.036%$15.2M$41.1M50xas long as short
OKX ETH-USDT-SWAP+0.0082%8h2,746.7+0.022%$1.67B$8.83B100xas long as short
MEXC ETH_USDT+0.0088%8h2,746.7+0.023%$1.66B$2.32B500xas long as short
Aevo ETH-PERP+0.0088%1h2,743.7−0.087%$4.9M$271K20xas long as short
Binance ETHUSDTshort+0.0088%8h2,746.3+0.007%$6.43B$13.28B150x
KuCoin ETHUSDTM+0.0091%8h2,746.3+0.005%$366.9M$419.3M100xas long as short
HTX ETH-USDT+0.0092%8h2,745.5−0.023%$1.05B$933.8M200xas long as short
Lighter ETH+0.0096%1h2,747+0.034%$113.0M$379.8M50xas long as short
Lighter RH ETH+0.0096%1h2,748.3+0.079%$23.8M$91.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.5+0.016%—$23.2M500xas long as short
Bitget ETHUSDT+0.0099%8h2,746.7+0.021%$2.11B$2.22B150xas long as short
BingX ETH-USDC+0.0099%8h2,745.9−0.007%—$18.5M—as long as short
Katana Perps ETH-USD+0.0100%8h2,746.2+0.004%$463K$3.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,746−0.002%$14.1M$92.2M50xas long as short
Aster ETHUSDT+0.0100%8h2,746.6+0.020%$253.0M$678.5M200xas long as short
Pacifica ETH+0.0100%1h2,748.1+0.073%$32.1M$319.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.6+0.127%$2.8M$14.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,748+0.070%$1.5M$14.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.8+0.024%$3.27B$7.48B200xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.6+0.019%$15.0M$34.0M50xas long as short
Variational Omni ETH+0.0100%8h2,749.4+0.121%$136.8M$270.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,749.3+0.118%$185.0M$542.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,750.6+0.165%$159.9M$69.6M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,750.7+0.166%$8.2M$24.1M100xas long as short
StandX ETH-USD+0.0100%1h2,749.6+0.127%$21.1M$81.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.9+0.066%—$320K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.1+0.073%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.10.000%$179K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.9+0.029%$21K$8K25xas long as short
Derive ETH-PERP+0.0100%1h2,747.5+0.049%$40.8M$23.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.5+0.016%$947K$7.6M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,746.1long leg$61.8M$121.6M40x
Bulk ETH-USD+0.0100%1h2,746.1+0.002%$166.7M$315.8M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,747.4+0.049%$30K$8K20xas long as short
Extended ETH-USD+0.0104%1h2,745.2−0.033%$30.3M$61.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,747.6+0.055%$48.7M$3.85B50xas long as short
Hyperliquid ETH+0.0126%1h2,749.2+0.113%$3.16B$1.59B25xas long as short
Reya ETHRUSDPERP+0.0131%1h2,745.2−0.031%$7.3M$857K25xas long as short
Kraken Futures PF_ETHUSD+0.0156%1h2,747.1+0.036%$82.6M$253.5M100xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,748.2+0.075%$32.5M$9.5M100xas long as short
RISEx ETH/USDC+0.0279%1h2,747.5+0.051%$5.6M$10.5M25xas long as short
Paradex ETH-USD-PERP+0.0341%8h2,750.5+0.159%$15.9M$5.9M50xas long as short
BloFin ETH-USDT+0.0352%8h2,747+0.034%$285.3M$141.0M150xas long as short