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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 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bulk against SoDEX−0.072%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on SoDEXShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.072%, 7d avg +0.036%
Together, before fees+0.088%+$9 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: Bulk is 0.107% cheaper against SoDEX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,748.20.0100pay 0.0013% / 1h2m 03s$54.7M$187.6M40x
ShortBulk ETH-USD2,746.20.0100get 0.0013% / 1h2m 03s$164.3M$302.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$0
Price spread: −0.072% → +0.036%
−$10.72
Slippage, 4 orders
−$0.4
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$26.12
Costs to cover
0.154%
Break-even
53670330782376952.0 days
Slippage from SoDEX: live order book, 2 min ago; Bulk: live order book, 2 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, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$58030.0 bp −$15.0K
Sell Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$353.5 bp −$3523.6 bp −$1,822

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%43m2,747.7−0.020%$309K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1+0.033%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,748.1−0.002%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.3+0.039%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.007%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,747.7−0.018%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,749.4+0.045%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,748.8+0.022%$182K$980K50xas long as short
BingX ETH-USDT+0.0041%8h2,748−0.006%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,747.4−0.028%$1.70B$10.70B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,748.4+0.006%$369.7M$604.0M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.6+0.015%$253.2M$846.6M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.101%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,746.6−0.059%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0082%8h2,747.9−0.010%$1.06B$1.18B200xas long as short
MEXC ETH_USDT+0.0082%8h2,747.9−0.010%$1.57B$2.59B500xas long as short
Binance ETHUSDT+0.0083%8h2,747.8−0.014%$6.39B$15.90B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,749.4+0.044%$58.6M$4.29B50xas long as short
Lighter ETH+0.0096%1h2,748.9+0.026%$113.1M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,750+0.065%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749.4+0.045%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.8+0.130%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2−0.036%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.2−0.035%$13.9M$108.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.5+0.084%$3.13B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.7−0.018%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747.8−0.015%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.9−0.047%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,748.3+0.003%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,748.8+0.020%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,748−0.007%$2.08B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748−0.006%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.074%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.107%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.041%$159.7M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.9+0.025%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.9+0.027%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.6+0.015%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7+0.018%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749+0.031%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.1+0.071%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.4−0.065%$963K$12.0M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,748.2long leg$54.7M$187.6M40x
Phemex ETHUSDT+0.0100%8h2,748.8+0.021%$267.7M$65.8M150xas long as short
Bulk ETH-USDshort+0.0100%1h2,746.2−0.072%$164.3M$302.6M25x
Extended ETH-USD+0.0104%1h2,747.4−0.028%$30.6M$73.0M50xas long as short
Aftermath Perps ETHUSD+0.0106%1h2,747.7−0.018%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0149%8h2,749.4+0.044%$7.9M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0161%1h2,749.6+0.049%$258.9M$197.0M50xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,751.1+0.104%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.004%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,747.8−0.016%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,749.9+0.061%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.1+0.031%$88.2M$313.9M100xas long as short