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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 09:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.007%
Price spread now: Extended against Binance−0.029%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on BinanceShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 7 days+0.005%+$1 · spread now −0.029%, 7d avg −0.048%
Together, before fees+0.104%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,751.30.0083pay 0.0083% / 8h7h 05m$6.41B$15.45B150x
ShortExtended ETH-USD2,750.50.0104get 0.0013% / 1h5m 04s$30.4M$68.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$4.49
Price spread: −0.029% → −0.048%
$1.9
Slippage, 4 orders
−$0.4
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.01
Costs to cover
0.154%
Break-even
21.0 days
Slippage from Binance: live order book, 9 min ago; Extended: live order book, 4 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 Binance live order book, 9 min ago0.02 bp5.0 bp −$55.0 bp −$505.6 bp −$5608.7 bp −$4,373
Sell Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$273.9 bp −$38812.5 bp −$6,264

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,753.3+0.071%$5K$1K50xas long as short
Phemex ETHUSDT−0.0063%8h2,751.7+0.011%$264.9M$61.5M150xas long as short
Bybit ETHUSDT−0.0037%8h2,750.9−0.015%$2.36B$4.16B150xas long as short
Phoenix ETH−0.0012%1h2,752.8+0.053%$815K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,753.6+0.082%$12.0M—200xas long as short
Hibachi ETH/USDT-P−0.0008%1h2,753.8+0.090%$240K$1.3M20xas long as short
dYdX ETH-USD0.0000%1h2,753.5+0.079%$11.1M$41.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,752.9+0.057%$7.1M$664.0M4.9xas long as short
Perpl ETH0.0000%43m2,751.5+0.004%$274K$5.3M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,754.1+0.099%$33.2M—200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,752.6+0.046%$183K$934K50xas long as short
Deribit ETH-PERPETUAL+0.0030%1h2,752.9+0.057%$266.5M$211.7M50xas long as short
Gate ETH_USDT+0.0036%8h2,750.9−0.017%$3.30B$8.54B200xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,750.9−0.017%$1.66B$10.23B100xas long as short
Aster ETHUSDT+0.0073%8h2,751.5+0.005%$254.0M$797.9M200xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,751.6+0.010%$8.4M$30.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,749.3−0.074%$4.9M$199K20xas long as short
MEXC ETH_USDT+0.0082%8h2,751−0.012%$1.58B$2.62B500xas long as short
Binance ETHUSDTlong+0.0083%8h2,751.3long leg$6.41B$15.45B150x
SoDEX ETH-USD+0.0086%1h2,751.5+0.006%$54.8M$160.0M40xas long as short
KuCoin ETHUSDTM+0.0087%8h2,751.7+0.012%$366.7M$482.0M100xas long as short
HTX ETH-USDT+0.0088%8h2,750.9−0.017%$1.05B$1.17B200xas long as short
Lighter ETH+0.0096%1h2,751.7+0.012%$113.5M$410.4M50xas long as short
Lighter RH ETH+0.0096%1h2,753.2+0.068%$24.9M$100.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,751.9+0.021%—$24.8M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,752.2+0.031%$523K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,757.6+0.229%$15.7M$6.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,753.1+0.064%$14.6M$100.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,753.6+0.080%$3.14B$1.94B25xas long as short
Pacifica ETH+0.0100%1h2,754+0.098%$32.2M$327.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,752.5+0.042%$2.8M$15.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,753.5+0.079%$1.5M$15.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.001%$166.7M$340.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,751.4+0.002%$2.13B$2.55B150xas long as short
BingX ETH-USDC+0.0100%8h2,750.5−0.030%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,751−0.013%$15.0M$37.9M50xas long as short
Variational Omni ETH+0.0100%8h2,752.6+0.045%$132.1M$307.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.1−0.009%$186.4M$692.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,751.7+0.014%$160.0M$74.6M50xas long as short
StandX ETH-USD+0.0100%1h2,754.2+0.104%$21.1M$71.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,753.5+0.079%—$415K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,752.7+0.049%$11.3M$9.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,751.5+0.006%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,751.5+0.006%$948K$10.0M100xas long as short
Extended ETH-USDshort+0.0104%1h2,750.5−0.029%$30.4M$68.7M50x
Kraken Futures PF_ETHUSD+0.0104%1h2,752.1+0.028%$82.7M$291.6M100xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,749.6−0.062%$30K$12K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,752.6+0.044%$45.5M$4.14B50xas long as short
RISEx ETH/USDC+0.0137%1h2,752.4+0.040%$5.6M$11.3M25xas long as short
Reya ETHRUSDPERP+0.0168%1h2,750.3−0.036%$7.4M$896K25xas long as short
BloFin ETH-USDT+0.0180%8h2,751.5+0.006%$281.4M$170.1M150xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,753.7+0.087%$32.5M$10.5M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,755.1+0.137%$122K$23.8M52xas long as short
Bluefin ETH-PERP+0.0622%1h2,752.1+0.029%$20K$15K25xas long as short