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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 06:00 UTC+0.0032%/8h= +3.6% APRpaid last 24h 0.000%
Price spread now: Pacifica against SunX+0.080%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Long on SunXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.080%, 7d avg +0.042%
Together, before fees−0.035%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.038% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,718.90.0068pay 0.0068% / 8h2h 22m$953K$11.1M100x
ShortPacifica ETH2,7210.0100get 0.0013% / 1h22m 58s$31.9M$333.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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
$6.81
Price spread: +0.080% → +0.042%
$3.78
Slippage, 4 orders
−$3.68
Fee SunX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$9.09
Costs to cover
0.197%
Break-even
16.3 days
Slippage from SunX: live order book, 6 min ago; Pacifica: live order book, 1 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 SunX live order book, 6 min ago1.66 bp5.7 bp −$65.7 bp −$578.0 bp −$802doesn't fit
Sell Pacifica live order book, 1 min ago0.18 bp4.2 bp −$44.7 bp −$47doesn'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%43m2,719.5+0.023%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6+0.101%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,720.6+0.062%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9+0.037%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,720+0.042%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4+0.057%$32.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,721.2+0.086%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.065%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0033%8h2,722.6+0.136%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,720.2+0.049%$189K$824K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,722.5+0.134%$2.34B$4.40B150xas long as short
SunX ETH-USDTlong+0.0068%8h2,718.9long leg$953K$11.1M100x
Bullet ETH-USD+0.0073%1h2,719.5+0.024%$180K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,715.8−0.113%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0077%8h2,722.6+0.138%$373.5M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0081%1h2,719.9+0.036%$30K$20K20xas long as short
Aster ETHUSDT+0.0083%8h2,722.9+0.147%$251.8M$845.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,723.1+0.156%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.030%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,722.9+0.147%$6.31B$16.08B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,722.8+0.145%$1.66B$10.81B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2+0.086%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,721.6+0.100%$111.8M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,722.7+0.143%$23.5M$103.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.2+0.013%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.139%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.3+0.016%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.185%$3.08B$2.04B25xas long as short
Pacifica ETHshort+0.0100%1h2,721+0.080%$31.9M$333.8M50x
Ondo Perps ETH-USD.P+0.0100%1h2,719.3+0.016%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1+0.045%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719+0.004%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,721.7+0.106%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9+0.149%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.4+0.092%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.099%$132.3M$328.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.113%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721+0.080%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722+0.115%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.5+0.097%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,721.1+0.082%$11.1M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.7+0.069%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722+0.116%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6+0.064%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,722.5+0.134%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720+0.044%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1+0.118%$49.5M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.9+0.038%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0151%8h2,721+0.079%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9+0.111%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5+0.096%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.148%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.90.000%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1+0.119%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,720.5+0.058%$281.1M$173.9M150xas long as short