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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Extended against SoDEX+0.016%7-day average −0.021% · 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−$10as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on SoDEXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.016%, 7d avg −0.021%
Together, before fees+0.083%+ Points / potential airdropExtended: Active · farm board+$8 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: Extended is 0.037% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,769.70.0100pay 0.0013% / 1h3m 49s$55.1M$228.6M40x
ShortExtended ETH-USD2,770.10.0104get 0.0013% / 1h3m 49s$31.4M$75.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.016% → −0.021%
$3.66
Slippage, 4 orders
−$0.72
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.22
Costs to cover
0.137%
Break-even
83.8 days
Slippage from SoDEX: live order book, 5 min ago; Extended: 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 −$425.7 bp −$57330.7 bp −$15.3K
Sell Extended live order book, 5 min ago0.18 bp2.7 bp −$32.7 bp −$274.9 bp −$48813.8 bp −$6,896

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
Perpl ETH−0.0112%43m2,769.3−0.015%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.2+0.235%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.70.000%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,769.6−0.004%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,770.9+0.043%$884K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,769.8+0.003%$5.7M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,771.8+0.075%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.1+0.014%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,772.1+0.087%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,770.8+0.041%—$1.19B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.5+0.028%$1.71B$11.89B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,770.1+0.014%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0031%1h2,771+0.048%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0032%8h2,770.1+0.013%$266.8M$66.0M150xas long as short
Aster ETHUSDT+0.0032%8h2,770.7+0.037%$256.2M$995.5M200xas long as short
Aevo ETH-PERP+0.0048%1h2,767.2−0.090%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0051%8h2,771+0.047%$1.59B$2.69B500xas long as short
Binance ETHUSDT+0.0052%8h2,771+0.047%$6.44B$17.23B150xas long as short
Deribit ETH-PERPETUAL+0.0057%1h2,771.2+0.053%$258.5M$225.1M50xas long as short
Bitget ETHUSDT+0.0074%8h2,770.8+0.040%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0074%1h2,769.2−0.019%$182K$1.8M20xas long as short
Gate ETH_USDT+0.0076%8h2,770.5+0.029%$3.28B$9.70B200xas long as short
Lighter ETH+0.0096%1h2,771.5+0.064%$114.7M$515.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.7+0.110%$25.4M$123.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,770.3+0.022%—$41.8M500xas long as short
HTX ETH-USDT+0.0098%8h2,769.2−0.020%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,768.9−0.027%$141.0M$320.9M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,770.7+0.038%$15.9M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.9+0.007%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,769−0.024%$14.5M$118.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.7+0.108%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,771.3+0.058%$31.2M$291.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771+0.045%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.3+0.022%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.8+0.113%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6+0.031%$164.9M$252.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,770.8+0.038%$422.2M$742.1M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.2+0.016%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.8+0.041%$179.5M$782.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4+0.063%$161.2M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.025%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.8+0.040%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.4+0.025%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.9+0.078%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.6−0.040%$970K$14.1M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,769.7long leg$55.1M$228.6M40x
Vest ETH-PERP+0.0100%1h2,770+0.012%—$1.1M50xas long as short
Extended ETH-USDshort+0.0104%1h2,770.1+0.016%$31.4M$75.4M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,771+0.048%$59.8M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,770.6+0.032%$8.5M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,772.5+0.100%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0171%8h2,769.2−0.018%$285.8M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,769.1−0.023%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771+0.048%$86.1M$331.7M100xas long as short
Hibachi ETH/USDT-P+0.0472%1h2,771.3+0.058%$285K$1.5M20xas long as short