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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 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against BingX+0.009%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on BingXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.003%$0 · spread now +0.009%, 7d avg +0.042%
Together, before fees+0.002%$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.033% cheaper against BingX than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.042%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,7800.0016pay 0.0016% / 8h1h 40m—$17.4M—
ShortBinance ETHUSDT2,780.30.0058get 0.0058% / 8h1h 40m$6.45B$17.11B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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
$8.95
Price spread: +0.009% → +0.042%
−$3.28
Slippage, 4 orders
−$0.4
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$14.72
Costs to cover
0.204%
Break-even
18.5 days
Slippage from BingX: live order book, 12 min ago; Binance: live order book, 3 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 BingX live order book, 12 min ago0.18 bp5.2 bp −$55.4 bp −$546.1 bp −$6129.2 bp −$4,579
Sell Binance live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$506.4 bp −$6398.5 bp −$4,260

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%43m2,781.3+0.044%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,781.1+0.039%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782+0.071%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.155%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,781.2+0.042%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,777.2−0.103%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.1+0.074%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.209%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5−0.018%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,780.3+0.009%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDClong+0.0016%8h2,780long leg—$17.4M—
OKX ETH-USDT-SWAP+0.0019%8h2,779.6−0.014%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.015%$13.2M—200xas long as short
Aster ETHUSDT+0.0037%8h2,780.3+0.008%$257.0M$989.9M200xas long as short
Bullet ETH-USD+0.0040%1h2,780−0.002%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0044%1h2,780.1+0.003%$14.3M$117.7M50xas long as short
MEXC ETH_USDT+0.0056%8h2,780.1+0.002%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.169%$5.0M$636K20xas long as short
Binance ETHUSDTshort+0.0058%8h2,780.3+0.009%$6.45B$17.11B150x
Bitget ETHUSDT+0.0073%8h2,779.6−0.016%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0077%8h2,780.2+0.005%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.6−0.016%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,7800.000%$115.2M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,781.5+0.054%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.080%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,779.8−0.008%$2.52B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,782.9+0.105%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,781.5+0.053%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,782.2+0.078%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,782.2+0.078%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781+0.035%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,783.4+0.121%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.047%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,780+0.001%$426.7M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.011%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.223%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.113%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.126%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.124%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.010%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781+0.036%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.6+0.057%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,7800.000%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.044%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.023%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4−0.022%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.3−0.025%$31.6M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9−0.041%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.029%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.038%$258.4M$221.6M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.064%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0139%8h2,781.5+0.054%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.023%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6−0.014%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,779.8−0.007%$7.4M$1.1M25xas long as short