ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.2% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Binance+0.088%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.088%, 7d avg +0.001%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.087% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETHUSDT	2,778	0.0046	pay 0.0046% / 8h	2h 58m	$6.47B	$17.36B	150x
Short	BloFin ETH-USDT	2,780.4	0.0166	get 0.0166% / 8h	2h 58m	$287.3M	$198.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $25.28
Price spread: +0.088% → +0.001%: $8.75
Slippage, 4 orders: −$1.49
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.54
Costs to cover: 0.235%
Break-even: 4.1 days

Slippage from Binance: live order book, 16 min ago; BloFin: live order book, 6 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 Binance live order book, 16 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	5.8 bp −$576	7.9 bp −$3,942
Sell BloFin live order book, 6 min ago	0.72 bp	6.7 bp −$7	6.7 bp −$67	7.3 bp −$732	9.3 bp −$4,653

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	2,779.9	+0.071%	$291K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,783	+0.182%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,780.3	+0.084%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,778.3	+0.012%	$173K	$1.2M	50x	as long as short
Phoenix ETH	−0.0032%	1h	2,783.1	+0.185%	$796K	$3.4M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,779	+0.037%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,781	+0.111%	$13.0M	$45.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,776.9	−0.038%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0010%	8h	2,780.4	+0.087%	$267.7M	$66.0M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,777.9	−0.001%	$1.71B	$12.00B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,781.3	+0.120%	$13.1M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0032%	1h	2,782.4	+0.161%	$29K	$22K	20x	as long as short
Binance ETHUSDTlong	+0.0046%	8h	2,778	long leg	$6.47B	$17.36B	150x
MEXC ETH_USDT	+0.0046%	8h	2,776.9	−0.040%	$1.61B	$2.60B	500x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,781.7	+0.134%	$5.0M	$636K	20x	as long as short
Aster ETHUSDT	+0.0053%	8h	2,779.1	+0.041%	$257.0M	$1.00B	200x	as long as short
Gate ETH_USDT	+0.0053%	8h	2,779	+0.036%	$3.30B	$9.49B	200x	as long as short
SoDEX ETH-USD	+0.0058%	1h	2,780.4	+0.088%	$55.4M	$228.5M	40x	as long as short
ApeX Omni ETHUSDT	+0.0060%	1h	2,782.3	+0.155%	$10.6M	$30.9M	100x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,777.8	−0.006%	$2.10B	$3.18B	150x	as long as short
Variational Omni ETH	+0.0093%	8h	2,785.4	+0.269%	$141.2M	$320.4M	—	as long as short
Lighter ETH	+0.0096%	1h	2,779.5	+0.057%	$115.6M	$505.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,781.3	+0.121%	$25.5M	$121.3M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,781	+0.109%	$16.0M	$11.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,779.3	+0.048%	$494K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,778.1	+0.007%	$16.8M	$115.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,780.1	+0.077%	$3.22B	$2.40B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,779.6	+0.059%	$31.3M	$281.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,778.1	+0.004%	$2.52B	$4.68B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,778.7	+0.027%	$2.9M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,781.2	+0.116%	$2.9M	$17.6M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,780.5	+0.092%	$165.0M	$263.0M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,778.2	+0.010%	$427.2M	$749.9M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,778.8	+0.032%	—	$1.19B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,780.1	+0.078%	$15.5M	$42.5M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,782.4	+0.160%	$178.0M	$787.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,782.1	+0.150%	$161.8M	$97.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,781.9	+0.142%	$21.5M	$57.4M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,779.4	+0.052%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,779.7	+0.063%	$10.8M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,776.2	−0.062%	$188K	$1.8M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,782	+0.144%	$21K	$25K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,780.9	+0.105%	$975K	$14.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,780.4	+0.088%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,778.3	+0.014%	$31.6M	$77.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,784.5	+0.237%	—	$46.2M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,782.2	+0.153%	$60.6M	$4.69B	50x	as long as short
Kalshi KXETHPERP	+0.0112%	8h	2,783.4	+0.196%	$8.6M	$673.2M	4.9x	as long as short
Derive ETH-PERP	+0.0115%	1h	2,783.1	+0.184%	$43.1M	$30.0M	15x	as long as short
Orderly PERP_ETH_USDC	+0.0127%	8h	2,783.6	+0.203%	$32.6M	$11.6M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0138%	1h	2,782.4	+0.158%	$258.9M	$224.3M	50x	as long as short
BloFin ETH-USDTshort	+0.0166%	8h	2,780.4	+0.088%	$287.3M	$198.7M	150x
Reya ETHRUSDPERP	+0.0195%	1h	2,776.4	−0.055%	$7.5M	$1.0M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0239%	1h	2,781.8	+0.139%	$88.8M	$334.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0344%	1h	2,782.6	+0.168%	$274K	$1.6M	20x	as long as short