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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 05:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Pacifica against SoDEX+0.029%7-day average +0.033% · 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−$17as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on SoDEXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.028%+$3 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.029%, 7d avg +0.033%
Together, before fees+0.057%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,736.80.0094pay 0.0012% / 1h49m 39s$54.5M$187.7M40x
ShortPacifica ETH2,737.60.0100get 0.0013% / 1h49m 39s$31.9M$334.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$1.27
Price spread: +0.029% → +0.033%
−$0.42
Slippage, 4 orders
−$0.73
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.88
Costs to cover
0.167%
Break-even
94.8 days
Slippage from SoDEX: live order book, 5 min ago; Pacifica: 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 −$425.9 bp −$58630.3 bp −$15.1K
Sell Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.4 bp −$44doesn'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
Perpl ETH−0.0447%43m2,737.7+0.034%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.2+0.051%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.4+0.022%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,740.2+0.124%$819K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,738.3+0.056%$10.8M$42.0M50xas long as short
Kalshi KXETHPERP0.0000%8h2,738.2+0.051%$6.7M$681.5M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.6+0.028%$28.1M—200xas long as short
HTX ETH-USDT+0.0018%8h2,736.9+0.004%$1.06B$1.20B200xas long as short
Bullet ETH-USD+0.0038%1h2,737+0.007%$179K$1.7M20xas long as short
BingX ETH-USDT+0.0039%8h2,736.4−0.016%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0042%1h2,738+0.044%$259.5M$199.9M50xas long as short
Bybit ETHUSDT+0.0044%8h2,736.3−0.018%$2.37B$4.37B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,737.7+0.033%$187K$816K50xas long as short
KuCoin ETHUSDTM+0.0069%8h2,736.9+0.004%$380.1M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,736.5−0.012%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0082%8h2,737.8+0.037%$265.6M$65.2M150xas long as short
Aster ETHUSDT+0.0089%8h2,736.8−0.001%$251.0M$842.8M200xas long as short
SoDEX ETH-USDlong+0.0094%1h2,736.8long leg$54.5M$187.7M40x
Lighter ETH+0.0096%1h2,737.3+0.018%$113.0M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,738.4+0.059%$23.5M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,738.5+0.062%—$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734.3−0.090%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,740.3+0.128%$118K$22.5M52xas long as short
MEXC ETH_USDT+0.0098%8h2,736.6−0.006%$1.55B$2.54B500xas long as short
Binance ETHUSDT+0.0098%8h2,736.9+0.003%$6.36B$15.89B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,741.1+0.156%$15.7M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.5−0.011%$504K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737+0.009%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,739+0.081%$3.11B$2.04B25xas long as short
Pacifica ETHshort+0.0100%1h2,737.6+0.029%$31.9M$334.2M50x
Ondo Perps ETH-USD.P+0.0100%1h2,736.7−0.004%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.2+0.013%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.105%$171.0M$325.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.7−0.005%$3.34B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.6−0.007%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.8+0.001%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5+0.062%$133.8M$322.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5+0.062%$184.2M$670.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6+0.140%$159.4M$86.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,739.5+0.097%$8.7M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,740+0.117%$21.1M$68.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.6+0.066%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738.8+0.073%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.9+0.041%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738.9+0.077%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.8−0.037%$959K$11.3M100xas long as short
Extended ETH-USD+0.0104%1h2,735.6−0.043%$30.6M$72.9M50xas long as short
RISEx ETH/USDC+0.0107%1h2,737.2+0.015%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,739+0.080%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,738+0.044%$51.1M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,737.9+0.039%$83.7M$314.8M100xas long as short
Orderly PERP_ETH_USDC+0.0200%8h2,738.9+0.077%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0214%1h2,736.4−0.015%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,740.6+0.139%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0394%8h2,737.6+0.028%$282.9M$175.7M150xas long as short