ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%

Price spread now: Deribit against SoDEX+0.039%7-day average +0.054% · 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−$170.170% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.039%, 7d avg +0.054%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,752.8	0.0100	pay 0.0013% / 1h	44m 13s	$54.8M	$187.6M	40x
Short	Deribit ETH-PERPETUAL	2,753.9	0.0055	get 0.0007% / 1h	44m 13s	$258.4M	$202.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee SoDEXbpFee DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$9.45
Price spread: +0.039% → +0.054%: −$1.54
Slippage, 4 orders: −$2.04
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Deribit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 5 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.9 bp −$587	32.0 bp −$16.0K
Sell Deribit live order book, 5 min ago	0.09 bp	4.6 bp −$5	5.7 bp −$57	11.6 bp −$1,156	23.2 bp −$11.6K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,750.7	−0.076%	$314K	$6.1M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0149%	1h	2,751	−0.066%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.8	−0.109%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.3	−0.090%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.9	−0.032%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,749.7	−0.113%	$863K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,750.1	−0.097%	$10.9M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,752.7	−0.004%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,751.4	−0.051%	$181K	$1.1M	50x	as long as short
BingX ETH-USDC	+0.0028%	8h	2,751.5	−0.047%	—	$17.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0037%	8h	2,752	−0.028%	$1.69B	$11.11B	100x	as long as short
Aster ETHUSDT	+0.0054%	8h	2,751.1	−0.062%	$255.9M	$857.0M	200x	as long as short
Deribit ETH-PERPETUALshort	+0.0055%	1h	2,753.9	+0.039%	$258.4M	$202.7M	50x
HTX ETH-USDT	+0.0058%	8h	2,752	−0.029%	$1.07B	$1.22B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,750.2	−0.096%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0065%	8h	2,752.5	−0.009%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,752.5	−0.010%	$6.36B	$16.32B	150x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,752.5	−0.011%	$3.37B	$8.76B	200x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,752.3	−0.017%	$383.1M	$606.6M	100x	as long as short
Bitget ETHUSDT	+0.0085%	8h	2,752.1	−0.026%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,753.9	+0.038%	$59.6M	$4.40B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,752.9	+0.003%	$113.3M	$439.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,754.5	+0.061%	$25.0M	$106.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749.1	−0.134%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0098%	1h	2,751	−0.065%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,752.2	−0.022%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749.9	−0.105%	$469K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.3	−0.054%	$14.0M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,754.7	+0.069%	$3.13B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,750	−0.101%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,752.4	−0.013%	$2.47B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,749	−0.138%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,750.7	−0.076%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	−0.052%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,752.2	−0.023%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,750	−0.102%	$133.2M	$346.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,750.8	−0.072%	$184.4M	$736.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,753.1	+0.011%	$160.1M	$82.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,749	−0.138%	$21.3M	$66.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,751.2	−0.060%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.4	−0.087%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,751.4	−0.051%	$184K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,752.8	−0.001%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,754.6	+0.066%	$42.0M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.8	−0.145%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USDlong	+0.0100%	1h	2,752.8	long leg	$54.8M	$187.6M	40x
Phemex ETHUSDT	+0.0100%	8h	2,752.7	−0.004%	$267.8M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,752.3	−0.016%	$30.9M	$74.9M	50x	as long as short
Kalshi KXETHPERP	+0.0135%	8h	2,750.6	−0.080%	$7.7M	$674.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0162%	8h	2,755.2	+0.086%	$32.4M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,749.1	−0.134%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.001%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,747.6	−0.189%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,750	−0.103%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0353%	1h	2,753.8	+0.035%	$93.0M	$316.0M	100x	as long as short