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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−0.0017%/8h= −1.9% APRpaid last 24h +0.010%
Price spread now: SunX against SoDEX−0.014%7-day average −0.007% · 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−$190.195% of the position
Long on SoDEXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.014%, 7d avg −0.007%
Together, before fees−0.044%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, 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-USD2,7270.0082pay 0.0010% / 1h21m 49s$54.3M$187.7M40x
ShortSunX ETH-USDT2,726.60.0065get 0.0065% / 8h3h 21m$956K$11.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$3.67
Price spread: −0.014% → −0.007%
−$0.72
Slippage, 4 orders
−$3.48
Fee SoDEX: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$23.87
Costs to cover
0.195%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; SunX: live order book, 7 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, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$57632.0 bp −$16.0K
Sell SunX live order book, 7 min ago0.60 bp6.1 bp −$67.1 bp −$719.8 bp −$979doesn'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−0.0335%43m2,727.3+0.012%$296K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,7270.000%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,726.3−0.025%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.6+0.023%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,730.2+0.117%$816K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.8+0.029%$28.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,728.3+0.048%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0023%1h2,727+0.001%$177K$1.7M20xas long as short
BingX ETH-USDC+0.0033%8h2,729.4+0.087%—$18.4M—as long as short
Bybit ETHUSDT+0.0036%8h2,730.3+0.120%$2.37B$4.38B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0043%1h2,728.2+0.044%$258.7M$201.5M50xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.011%$186K$815K50xas long as short
SunX ETH-USDTshort+0.0065%8h2,726.6−0.014%$956K$11.2M100x
KuCoin ETHUSDTM+0.0066%8h2,730.6+0.133%$379.1M$574.0M100xas long as short
ApeX Omni ETHUSDT+0.0074%1h2,732.1+0.186%$8.6M$31.2M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,730.4+0.125%$1.67B$10.75B100xas long as short
Aster ETHUSDT+0.0079%8h2,730.4+0.123%$250.7M$841.1M200xas long as short
SoDEX ETH-USDlong+0.0082%1h2,727long leg$54.3M$187.7M40x
MEXC ETH_USDT+0.0087%8h2,728.3+0.048%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0088%8h2,730.2+0.117%$6.34B$15.94B150xas long as short
Aevo ETH-PERP+0.0088%1h2,725.4−0.057%$4.9M$155K20xas long as short
Phemex ETHUSDT+0.0090%8h2,727.7+0.025%$264.4M$65.1M150xas long as short
Lighter ETH+0.0096%1h2,727.3+0.010%$112.2M$434.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.052%$23.4M$104.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.2+0.043%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.224%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.029%$497K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.5+0.055%$15.6M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.6−0.014%$13.7M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.7+0.062%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.4+0.015%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1−0.033%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.3+0.010%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.045%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.1+0.112%$3.33B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.7+0.136%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.3+0.012%$14.8M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6+0.096%$133.3M$321.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.8+0.176%$183.8M$670.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.6+0.096%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.095%$21.0M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.5+0.056%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.088%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,728+0.036%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729.1+0.078%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.1+0.078%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0105%8h2,728.2+0.044%$6.5M$684.2M4.9xas long as short
RISEx ETH/USDC+0.0107%1h2,726.6−0.015%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,731.9+0.180%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.6+0.023%$50.8M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.6+0.020%$83.1M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,729.9+0.105%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,727.2+0.007%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,730.4+0.125%$242K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,728+0.037%$282.6M$174.7M150xas long as short