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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

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 +0.020%
Price spread now: Derive against SoDEX+0.076%7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.057%+$6 on $10k
Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.076%, 7d avg +0.069%
Together, before fees+0.047%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,745.40.0100pay 0.0013% / 1h59m 45s$54.7M$187.5M40x
ShortDerive ETH-PERP2,747.50.0100get 0.0013% / 1h59m 45s$41.6M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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: +0.076% → +0.069%
$0.64
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$13.36
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 4 min ago; Derive: no order-book sample. 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 SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$58030.0 bp −$15.0K
Sell Derive no order-book sample—————
Derive: 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 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%43m2,746.4+0.035%$306K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.8+0.051%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,746.8+0.051%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.6+0.007%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.109%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.7+0.049%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.8+0.013%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,747.3+0.069%$181K$979K50xas long as short
BingX ETH-USDT+0.0042%8h2,747.9+0.092%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,748.2+0.103%$1.70B$10.65B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.9+0.056%$369.7M$602.2M100xas long as short
Aster ETHUSDT+0.0074%8h2,747+0.060%$252.6M$843.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,743.4−0.071%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0083%8h2,745.7+0.011%$1.06B$1.18B200xas long as short
MEXC ETH_USDT+0.0083%8h2,746.9+0.055%$1.58B$2.60B500xas long as short
Binance ETHUSDT+0.0084%8h2,748+0.094%$6.39B$15.83B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,746.3+0.031%$58.6M$4.28B50xas long as short
ApeX Omni ETHUSDT+0.0090%1h2,748.3+0.105%$8.8M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,745.6+0.007%$112.9M$445.7M50xas long as short
Lighter RH ETH+0.0096%1h2,747.3+0.068%$24.7M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.5+0.076%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.1+0.206%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.7+0.047%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.1+0.025%$13.9M$107.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,750+0.168%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,747.1+0.062%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748.3+0.106%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.8+0.051%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.9+0.056%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,748.4+0.110%$3.40B$8.96B200xas long as short
Bitget ETHUSDT+0.0100%8h2,748.2+0.103%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.3−0.005%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.044%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.2+0.101%$182.1M$701.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.112%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2+0.102%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.060%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.5+0.040%$10.7M$8.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.2−0.007%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.2+0.029%$21K$21K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,747.5+0.076%$41.6M$29.4M15x
SunX ETH-USDT+0.0100%8h2,745.6+0.008%$962K$12.0M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,745.4long leg$54.7M$187.5M40x
Phemex ETHUSDT+0.0100%8h2,745.9+0.017%$267.3M$65.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2+0.030%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.3+0.034%$30.6M$72.7M50xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,747.4+0.073%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,746.8+0.050%$258.9M$196.3M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,746.8+0.051%$7.9M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,748.3+0.105%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.106%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,745−0.015%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,750+0.168%$250K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,746.3+0.031%$88.1M$310.8M100xas long as short