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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.004%
Price spread now: 01 Exchange against SoDEX−0.004%7-day average +0.035% · 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−$27as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Long on SoDEXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.032%−$3 on $10k
Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.004%, 7d avg +0.035%
Together, before fees+0.080%+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,733.20.0093pay 0.0012% / 1h14m 33s$54.4M$187.6M40x
Short01 Exchange ETHUSD2,733.10get 0.0000% / 1h14m 33s$187K$823K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$19.49
Price spread: −0.004% → +0.035%
−$3.82
Slippage, 4 orders
−$8.19
Fee SoDEX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$46.51
Costs to cover
0.232%
Break-even
never at this rate
Slippage from SoDEX: live order book, 5 min ago; 01 Exchange: live order book, 45 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 −$59530.7 bp −$15.3K
Sell 01 Exchange live order book, 45 min ago0.18 bp8.6 bp −$911.1 bp −$111doesn'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%43m2,732.8−0.015%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.037%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.026%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.8+0.021%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.6+0.050%$10.8M$41.6M50xas long as short
01 Exchange ETHUSDshort0.0000%1h2,733.1−0.004%$187K$823K50x
Phoenix ETH0.0000%1h2,734.2+0.037%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.9+0.024%$28.1M—200xas long as short
Bullet ETH-USD+0.0009%1h2,733.20.000%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0034%8h2,732.6−0.023%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0048%8h2,732.5−0.026%—$18.5M—as long as short
ApeX Omni ETHUSDT+0.0053%1h2,733.7+0.018%$8.7M$31.3M100xas long as short
Bybit ETHUSDT+0.0057%8h2,732.4−0.029%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,732.9−0.012%$380.1M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,732.7−0.020%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0075%8h2,734+0.029%$265.8M$65.1M150xas long as short
Aster ETHUSDT+0.0085%8h2,732.9−0.012%$251.0M$841.8M200xas long as short
SoDEX ETH-USDlong+0.0093%1h2,733.2long leg$54.4M$187.6M40x
MEXC ETH_USDT+0.0093%8h2,732.8−0.015%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0094%8h2,732.7−0.017%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.1−0.004%$112.9M$440.7M50xas long as short
Lighter RH ETH+0.0096%1h2,734.8+0.059%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.9+0.024%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.9−0.083%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.5+0.121%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,733.3+0.004%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.7−0.018%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,732.7−0.019%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.9+0.062%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,733.9+0.026%$31.9M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.8−0.015%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.4+0.006%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.7−0.017%$3.34B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.3−0.034%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.8−0.014%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.4−0.029%$133.8M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.8−0.016%$183.8M$672.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.051%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.029%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.6+0.015%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734.2+0.037%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.8+0.021%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.1+0.069%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.3−0.034%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,732.6−0.021%$165.4M$300.2M25xas long as short
Extended ETH-USD+0.0104%1h2,731.9−0.046%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.039%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734+0.029%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0116%1h2,734.6+0.051%$259.7M$196.5M50xas long as short
Kalshi KXETHPERP+0.0135%8h2,733−0.007%$6.8M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,735.9+0.099%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0218%1h2,731.4−0.065%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.9+0.025%$83.2M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,734.9+0.064%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0376%8h2,733.2−0.001%$283.7M$175.6M150xas long as short