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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 23:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h +0.003%
Price spread now: Bullet against SoDEX−0.004%7-day average +0.008% · 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−$20as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Long on SoDEXShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.019%−$2 on $10k
Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.004%, 7d avg +0.008%
Together, before fees+0.041%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,770.30.0100pay 0.0013% / 1h58m 56s$55.2M$228.6M40x
ShortBullet ETH-USD2,770.20.0059get 0.0007% / 1h58m 56s$183K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
−$8.65
Price spread: −0.004% → +0.008%
−$1.13
Slippage, 4 orders
−$2.59
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$28.37
Costs to cover
0.186%
Break-even
never at this rate
Slippage from SoDEX: live order book, 5 min ago; Bullet: live order book, 5 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, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$54629.0 bp −$14.5K
Sell Bullet live order book, 5 min ago0.18 bp4.5 bp −$48.1 bp −$81doesn't fitdoesn't fit

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
Nado ETH-PERP−0.0243%1h2,770.30.000%$14.3M$118.9M50xas long as short
Perpl ETH−0.0112%43m2,769.5−0.030%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,769−0.048%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768−0.083%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,770−0.011%$169K$1.2M50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,769.5−0.029%$119K$22.5M52xas long as short
Phoenix ETH−0.0023%1h2,770.5+0.007%$884K$3.6M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,771+0.025%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,768.5−0.066%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.2+0.032%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,769.3−0.038%—$1.19B—as long as short
OKX ETH-USDT-SWAP+0.0023%8h2,769−0.047%$1.71B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771+0.024%$13.2M—200xas long as short
Aster ETHUSDT+0.0032%8h2,769.4−0.034%$256.1M$995.5M200xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,770.6+0.011%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0037%8h2,771.3+0.036%$267.0M$66.0M150xas long as short
Aevo ETH-PERP+0.0048%1h2,768.1−0.079%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0052%8h2,769.3−0.035%$1.59B$2.62B500xas long as short
Binance ETHUSDT+0.0053%8h2,769.5−0.030%$6.43B$17.23B150xas long as short
Bullet ETH-USDshort+0.0059%1h2,770.2−0.004%$183K$1.8M20x
Bitget ETHUSDT+0.0074%8h2,768.9−0.050%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0077%8h2,769.2−0.038%$3.28B$9.52B200xas long as short
HTX ETH-USDT+0.0095%8h2,770.2−0.004%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770.9+0.021%$114.7M$493.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.075%$25.4M$120.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.5−0.028%—$41.8M500xas long as short
Variational Omni ETH+0.0099%8h2,770.9+0.021%$140.8M$321.1M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.2−0.113%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.3−0.036%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.094%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,767.9−0.086%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769.2−0.041%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.1−0.079%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4+0.004%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771+0.024%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.4−0.033%$422.1M$742.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.4+0.039%$15.2M$43.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.6+0.010%$179.5M$783.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.042%$161.2M$96.5M50xas long as short
StandX ETH-USD+0.0100%1h2,772.1+0.065%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,770.1−0.006%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.8+0.054%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771+0.024%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.5+0.078%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.9−0.087%$971K$14.1M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,770.3long leg$55.2M$228.6M40x
Extended ETH-USD+0.0104%1h2,768.4−0.069%$31.5M$75.4M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.8+0.054%$258.4M$225.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.047%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.043%$8.5M$673.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,773.1+0.100%$32.5M$12.1M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,770.5+0.009%$86.0M$331.8M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771+0.023%$285.9M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0186%1h2,770.5+0.006%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0472%1h2,771.3+0.038%$280K$1.5M20xas long as short