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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+0.0006%/8h= +0.7% APRpaid last 24h +0.015%
Price spread now: Deribit against BingX+0.069%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Long on BingXShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.069% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,778.90.0100pay 0.0100% / 8h2h 16m—$1.18B—
ShortDeribit ETH-PERPETUAL2,780.80.0106get 0.0013% / 1h16m 50s$258.5M$225.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$1.26
Price spread: +0.069% → 0.000%
$6.91
Slippage, 4 orders
−$2.11
Fee BingX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$10.94
Costs to cover
0.191%
Break-even
67.8 days
Slippage from BingX: live order book, 7 min ago; Deribit: live order book, 2 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, 7 min ago0.04 bp5.2 bp −$55.4 bp −$546.0 bp −$5986.7 bp −$3,373
Sell Deribit live order book, 2 min ago0.09 bp3.6 bp −$43.9 bp −$3910.7 bp −$1,07427.4 bp −$13.7K

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%43m2,777.7−0.042%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.083%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.7−0.007%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,778.3−0.022%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2−0.025%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,778.3−0.022%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,776.1−0.101%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.9−0.036%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.7+0.029%$22.5M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,779.2+0.011%$267.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,778.7−0.007%$1.71B$11.92B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,779.6+0.027%$13.2M—200xas long as short
Aster ETHUSDT+0.0038%8h2,778.9+0.001%$257.0M$995.5M200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7−0.044%$8.8M$32.6M100xas long as short
Aevo ETH-PERP+0.0048%1h2,777.7−0.042%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0049%8h2,779.1+0.008%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,779.2+0.010%$6.45B$17.22B150xas long as short
Gate ETH_USDT+0.0074%8h2,778.9−0.001%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,779+0.003%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,779+0.004%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8−0.077%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,779.5+0.022%$115.3M$514.6M50xas long as short
Lighter RH ETH+0.0096%1h2,781.1+0.080%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.029%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,778.1−0.027%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1−0.029%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.8−0.077%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.8+0.104%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,778.5−0.014%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,778.9−0.002%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777−0.068%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,780.1+0.042%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1−0.029%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,778.8−0.004%$423.3M$741.7M100xas long as short
BingX ETH-USDTlong+0.0100%8h2,778.9long leg—$1.18B—
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.027%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,775.9−0.106%$179.9M$794.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.117%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8−0.076%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,778.5−0.015%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.6+0.025%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.5+0.020%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.4+0.091%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,778.3−0.020%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.1+0.007%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,778.6−0.009%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,778.5−0.014%$31.4M$75.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.6+0.062%$60.1M$4.64B50xas long as short
Deribit ETH-PERPETUALshort+0.0106%1h2,780.8+0.069%$258.5M$225.1M50x
Kalshi KXETHPERP+0.0121%8h2,778.6−0.011%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0134%8h2,782+0.112%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.90.000%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,778.1−0.029%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,780.5+0.057%$86.9M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,778.4−0.019%$283K$1.5M20xas long as short