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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 22:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.005%
Price spread now: Ondo Perps against Binance−0.034%56s7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days−0.276%−$28 · spread now −0.034%, 7d avg −0.025%
Together, before fees−0.184%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,776.90.0051pay 0.0051% / 8h2h 14m$6.45B$17.23B150x
ShortOndo Perps ETH-USD.P2,775.90.0100get 0.0013% / 1h14m 45s$2.9M$16.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.19
Price spread: −0.034% → −0.025%
−$0.93
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.74
Costs to cover
0.150%
Break-even
10.9 days
Slippage unknown: Binance: live order book, 14 min ago; Ondo 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, 14 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$6057.8 bp −$3,880
Sell Ondo Perps no order-book sample—————
Ondo 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−0.0112%43m2,776.2−0.025%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.009%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.6−0.009%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,776.1−0.027%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,780+0.113%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,775.7−0.043%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777+0.005%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,776.9+0.001%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5+0.025%$22.4M—200xas long as short
Phemex ETHUSDT+0.0016%8h2,776.9+0.001%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776.1−0.028%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.5+0.022%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,777.7+0.029%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0038%8h2,776.90.000%$256.8M$995.6M200xas long as short
Aevo ETH-PERP+0.0048%1h2,775.2−0.060%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0051%8h2,776.7−0.006%$1.60B$2.68B500xas long as short
Binance ETHUSDTlong+0.0051%8h2,776.9long leg$6.45B$17.23B150x
Gate ETH_USDT+0.0075%8h2,776.9+0.003%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,776.5−0.012%$2.10B$3.13B150xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,778.6+0.062%$258.5M$225.1M50xas long as short
Bullet ETH-USD+0.0085%1h2,776.8−0.002%$183K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,777.1+0.008%$115.1M$514.8M50xas long as short
Lighter RH ETH+0.0096%1h2,778.6+0.061%$25.4M$123.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.9+0.003%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,776.80.000%$141.1M$320.7M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.5−0.013%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.3−0.020%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.5−0.047%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.5+0.095%$3.20B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,777.2+0.013%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.4−0.016%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,775.9−0.034%$2.9M$16.6M25x
Arcus ETH-USD+0.0100%1h2,777.5+0.022%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.045%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,777.1+0.008%$422.8M$741.8M100xas long as short
BingX ETH-USDT+0.0100%8h2,776.80.000%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.3+0.017%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,777.2+0.012%$179.9M$795.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.2+0.085%$161.6M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,777.7+0.031%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.9+0.001%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.3+0.016%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.7+0.030%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.2+0.086%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.057%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.9+0.002%$55.3M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,775.5−0.050%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,776.3−0.021%$31.4M$75.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.7+0.068%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.1+0.009%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.7+0.104%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0172%8h2,776.9+0.001%$284.4M$196.0M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,775.8−0.039%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.3+0.053%$87.0M$330.8M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,780+0.112%$282K$1.5M20xas long as short