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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 08:00 UTC+0.0156%/8h= +17.0% APRnext payment +$1.56 per $10,000 · paid last 24h +0.038%
Price spread now: Orderly against BingX+0.064%7-day average +0.084% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.272%+$27 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.064%, 7d avg +0.084%
Together, before fees+0.261%+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,719.50.0033pay 0.0033% / 8h2h 32m—$1.14B—
ShortOrderly PERP_ETH_USDC2,721.20.0189get 0.0189% / 8h2h 32m$32.0M$11.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$32.66
Price spread: +0.064% → +0.084%
−$2
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$14.66
Costs to cover
0.160%
Break-even
3.9 days
Slippage unknown: BingX: live order book, 7 min ago; Orderly: 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 BingX live order book, 7 min ago0.04 bp5.5 bp −$55.7 bp −$576.3 bp −$6307.0 bp −$3,513
Sell Orderly no order-book sample—————
Orderly: 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%43m2,720.2+0.027%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2−0.047%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,717.6−0.068%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.7+0.007%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.078%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,719.8+0.010%$30.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.074%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0011%1h2,720.4+0.033%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,718.9−0.023%$258.7M$206.2M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,720.6+0.041%$186K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDTlong+0.0033%8h2,719.5long leg—$1.14B—
Bybit ETHUSDT+0.0042%8h2,719.4−0.003%$2.35B$4.41B150xas long as short
SunX ETH-USDT+0.0069%8h2,717.1−0.086%$952K$11.2M100xas long as short
Bullet ETH-USD+0.0070%1h2,719.1−0.014%$179K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,721.9+0.087%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0075%8h2,719.4−0.004%$374.6M$577.9M100xas long as short
Aster ETHUSDT+0.0084%8h2,719.5−0.001%$251.6M$843.8M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715.9−0.133%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,718.7−0.030%$1.66B$10.78B100xas long as short
Binance ETHUSDT+0.0091%8h2,719.7+0.006%$6.29B$16.07B150xas long as short
MEXC ETH_USDT+0.0092%8h2,719.2−0.013%$1.56B$2.58B500xas long as short
Lighter ETH+0.0096%1h2,720.2+0.027%$111.3M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,721.2+0.063%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0100%8h2,718.4−0.040%$262.7M$64.3M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.6+0.004%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.8+0.122%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,720.2+0.026%$13.8M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.6+0.078%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,720.9+0.051%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,718.6−0.033%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.8+0.047%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.019%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,719.4−0.004%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,719.2−0.012%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718−0.054%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.138%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.170%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.151%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.187%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,718−0.055%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,720.6+0.040%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,720.9+0.052%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719.7+0.008%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719−0.019%$40.7M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,717.8−0.062%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,719.1−0.013%$30.5M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.3+0.031%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,719−0.018%$49.7M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,720.8+0.048%$5.5M$11.8M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,718.5−0.036%$6.4M$691.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.4−0.040%$82.7M$315.8M100xas long as short
Orderly PERP_ETH_USDCshort+0.0189%8h2,721.2+0.064%$32.0M$11.4M100x
Reya ETHRUSDPERP+0.0201%1h2,718.3−0.043%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.033%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,717.8−0.063%$281.2M$174.1M150xas long as short