ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.011%

Price spread now: Deribit against 01 Exchange−0.011%7-day average +0.019% · 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−$24as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.011%, 7d avg +0.019%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.030% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.042% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ETHUSD	2,784.2	−0.0024	get 0.0003% / 1h	50m 05s	$169K	$1.2M	50x
Short	Deribit ETH-PERPETUAL	2,783.9	0.0102	get 0.0013% / 1h	50m 05s	$258.9M	$222.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee DeribitbpOrdersPrice spread, now −0.011%Rate

Funding earned: $26.46
Price spread: −0.011% → +0.019%: −$2.96
Slippage, 4 orders: −$7.15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $2.34
Costs to cover: 0.212%
Break-even: 6.4 days

Slippage from 01 Exchange: live order book, 4 min ago; Deribit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange live order book, 4 min ago	0.18 bp	6.1 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.72 bp	5.0 bp −$5	5.6 bp −$56	11.5 bp −$1,149	22.7 bp −$11.3K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,784.2	0.000%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0206%	1h	2,783.5	−0.025%	$5.7M	$11.9M	25x	as long as short
Injective ETH/USDC PERP	−0.0088%	1h	2,782.5	−0.061%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,784.9	+0.025%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0066%	1h	2,786.6	+0.085%	$8.8M	$32.8M	100x	as long as short
01 Exchange ETHUSDlong	−0.0024%	1h	2,784.2	long leg	$169K	$1.2M	50x
Aftermath Perps ETHUSD	−0.0009%	1h	2,782.8	−0.050%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,784.6	+0.014%	$12.8M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,785	+0.029%	$888K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,783.5	−0.027%	$22.5M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0016%	8h	2,782.2	−0.072%	—	$1.21B	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,782	−0.081%	$1.70B	$11.91B	100x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,782.4	−0.064%	$271.2M	$68.9M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,783.2	−0.035%	$12.9M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,782.8	−0.049%	$256.8M	$1.00B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,782.8	−0.052%	$5.1M	$636K	20x	as long as short
Bitget ETHUSDT	+0.0065%	8h	2,782.1	−0.075%	$2.10B	$3.11B	150x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,782	−0.078%	$1.60B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,782.1	−0.075%	$6.45B	$17.27B	150x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,782.3	−0.068%	$3.30B	$9.59B	200x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,782.7	−0.055%	$184K	$1.7M	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,783.6	−0.023%	$60.3M	$4.62B	50x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,782.1	−0.076%	$423.2M	$739.7M	100x	as long as short
Bybit ETHUSDT	+0.0090%	8h	2,782.3	−0.068%	$2.52B	$4.63B	150x	as long as short
HTX ETH-USDT	+0.0090%	8h	2,782	−0.079%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,782.7	−0.055%	$116.3M	$495.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,784.1	−0.003%	$25.4M	$120.7M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,784.2	+0.001%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,783.9	−0.012%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,783.5	−0.025%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,784.1	−0.004%	$14.4M	$118.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,784.7	+0.018%	$3.20B	$2.35B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,784.6	+0.015%	$31.3M	$306.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,783.7	−0.018%	$2.8M	$17.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,785	+0.028%	$2.7M	$17.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,784.2	0.000%	$168.3M	$253.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,782	−0.078%	$15.1M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,782.7	−0.055%	$147.8M	$336.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	−0.066%	$182.1M	$780.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,784.1	−0.004%	$161.9M	$90.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,783.6	−0.022%	$21.5M	$58.3M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,784.7	+0.018%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,783.4	−0.028%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,784.6	+0.014%	$42.8M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,782.8	−0.049%	$976K	$13.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,782.2	−0.072%	$55.4M	$229.0M	40x	as long as short
Deribit ETH-PERPETUALshort	+0.0102%	1h	2,783.9	−0.011%	$258.9M	$222.8M	50x
Extended ETH-USD	+0.0104%	1h	2,781.8	−0.087%	$32.7M	$77.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,783.6	−0.023%	—	$41.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0122%	1h	2,783.1	−0.039%	$86.7M	$332.6M	100x	as long as short
Kalshi KXETHPERP	+0.0124%	8h	2,784.4	+0.007%	$8.4M	$682.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,785.3	+0.039%	$32.7M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,783.3	−0.033%	$285.1M	$195.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,783.2	−0.036%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,785	+0.028%	$271K	$1.5M	20x	as long as short