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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 07:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.027%
Price spread now: Injective against Binance+0.057%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Long on BinanceShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+0.185%+$19 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.057%, 7d avg +0.073%
Together, before fees+0.038%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.185%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,731.50.0095pay 0.0095% / 8h1h 08m$6.33B$16.10B150x
ShortInjective ETH/USDC PERP2,733.1−0.0040pay 0.0005% / 1h8m 36s$117K$22.5M52x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$28.41
Price spread: +0.057% → +0.073%
−$1.53
Slippage, 4 orders
−$60.9
Fee Binance: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$100.85
Costs to cover
0.709%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Injective: 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 Binance live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$506.1 bp −$6118.4 bp −$4,199
Sell Injective live order book, 1 min ago14.07 bp46.8 bp −$4747.9 bp −$47948.0 bp −$4,804doesn't fit

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%1h2,732.1+0.021%$5K$1K50xas long as short
Injective ETH/USDC PERPshort−0.0040%1h2,733.1+0.057%$117K$22.5M52x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5+0.036%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.057%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4+0.030%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.4+0.032%$6.6M$683.3M4.9xas long as short
Perpl ETH0.0000%43m2,732.2+0.025%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.072%$262.6M$213.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5+0.036%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7+0.005%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.2+0.061%$191K$889K50xas long as short
BingX ETH-USDT+0.0024%8h2,731.5−0.003%—$1.10B—as long as short
HTX ETH-USDT+0.0027%8h2,732.7+0.044%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.3−0.007%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,731.4−0.004%$379.5M$576.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,732.5+0.036%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,731.3−0.007%$1.65B$10.86B100xas long as short
Aster ETHUSDT+0.0083%8h2,731.4−0.004%$253.0M$846.8M200xas long as short
Phemex ETHUSDT+0.0088%8h2,732.6+0.039%$263.1M$64.5M150xas long as short
Bullet ETH-USD+0.0088%1h2,732.7+0.044%$189K$1.7M20xas long as short
MEXC ETH_USDT+0.0095%8h2,731.50.000%$1.54B$2.61B500xas long as short
Binance ETHUSDTlong+0.0095%8h2,731.5long leg$6.33B$16.10B150x
Lighter ETH+0.0096%1h2,732.2+0.025%$112.8M$438.8M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3+0.066%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.055%$4.9M$165K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.4+0.069%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4−0.005%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.187%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.006%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.9+0.087%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5+0.036%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.6+0.003%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4+0.032%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.010%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.6+0.004%$3.31B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.6+0.004%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.4+0.030%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.012%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2+0.023%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.018%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.054%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.9+0.085%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.076%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.3+0.065%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.1+0.022%$958K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,730.7−0.032%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.4+0.032%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.6+0.077%$46.5M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.3+0.029%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.054%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.120%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.7+0.005%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.1+0.056%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4+0.033%$281.0M$175.4M150xas long as short