Settings8H · net · $10k
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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.004%
Price spread now: Katana Perps against Binance−0.009%7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.021%+$2 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.009%, 7d avg −0.038%
Together, before fees+0.025%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Katana Perps is 0.028% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,773.20.0044pay 0.0044% / 8h2h 54m$6.45B$17.25B150x
ShortKatana Perps ETH-USD2,772.90.0100get 0.0100% / 8h2h 54m$493K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$11.73
Price spread: −0.009% → −0.038%
$2.82
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$0.75
Costs to cover
0.138%
Break-even
6.6 days
Slippage unknown: Binance: live order book, 5 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5718.0 bp −$4,018
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,775.7+0.093%$290K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0318%1h2,773.3+0.003%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,774.7+0.055%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1+0.106%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,776.2+0.110%$172K$1.2M50xas long as short
Phoenix ETH−0.0032%1h2,776.7+0.128%$799K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,772.7−0.016%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,775.4+0.080%$13.0M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778+0.173%$22.4M—200xas long as short
BingX ETH-USDT+0.0017%8h2,771.7−0.053%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,777.1+0.141%$267.2M$66.0M150xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,771.3−0.067%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.9+0.170%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0029%1h2,779.4+0.226%$29K$22K20xas long as short
Aevo ETH-PERP+0.0040%1h2,775.4+0.080%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,772.9−0.011%$1.61B$2.61B500xas long as short
Binance ETHUSDTlong+0.0044%8h2,773.2long leg$6.45B$17.25B150x
Aster ETHUSDT+0.0047%8h2,773.6+0.016%$256.4M$997.5M200xas long as short
Gate ETH_USDT+0.0055%8h2,772.6−0.022%$3.29B$9.52B200xas long as short
SoDEX ETH-USD+0.0072%1h2,777.1+0.142%$55.3M$228.5M40xas long as short
Bitget ETHUSDT+0.0074%8h2,771.8−0.049%$2.09B$3.14B150xas long as short
Bullet ETH-USD+0.0084%1h2,776.9+0.135%$188K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,775.7+0.093%$140.7M$320.1M—as long as short
Lighter ETH+0.0096%1h2,774.4+0.045%$115.2M$507.0M50xas long as short
Lighter RH ETH+0.0096%1h2,775.1+0.068%$25.5M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.5+0.047%—$42.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,773.3+0.006%$15.9M$11.0M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,772.9−0.009%$493K$2.7M50x
Nado ETH-PERP+0.0100%1h2,775.7+0.092%$16.2M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.9+0.134%$3.20B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,774+0.029%$31.2M$281.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.1−0.038%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.3−0.031%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.055%$2.8M$17.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,780.5+0.265%$165.0M$263.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773−0.005%$426.4M$746.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778.1+0.178%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.2+0.074%$177.5M$786.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.6+0.089%$161.5M$98.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.135%$21.4M$57.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.8+0.130%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.189%$10.8M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.165%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.7+0.238%$43.0M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.8+0.132%$973K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,777+0.138%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,770.8−0.084%$31.6M$76.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779+0.209%$60.4M$4.67B50xas long as short
Kalshi KXETHPERP+0.0111%8h2,776.6+0.124%$8.5M$671.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0128%8h2,780.1+0.251%$32.6M$11.7M100xas long as short
BloFin ETH-USDT+0.0164%8h2,777.1+0.140%$287.5M$197.2M150xas long as short
Deribit ETH-PERPETUAL+0.0171%1h2,779.2+0.218%$258.9M$223.2M50xas long as short
Reya ETHRUSDPERP+0.0194%1h2,776.3+0.112%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.7+0.200%$88.8M$331.2M100xas long as short
Hibachi ETH/USDT-P+0.0352%1h2,775+0.066%$273K$1.5M20xas long as short