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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 03:00 UTC+0.0458%/8h= +50.2% APRpaid last 24h +0.032%
Price spread now: Bluefin against Bitget−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bluefin is 0.030% cheaper against Bitget than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,746.30.0100pay 0.0100% / 8h5h 18m$2.08B$2.72B150x
ShortBluefin ETH-PERP2,745.50.0558get 0.0070% / 1h18m 04s$21K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Bitget. 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
$96.26
Price spread: −0.030% → 0.000%
−$3.02
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$74.23
Costs to cover
0.190%
Break-even
1.6 days
Slippage unknown: Bitget: live order book, 1 min ago; Bluefin: 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 Bitget live order book, 1 min ago0.02 bp6.0 bp −$66.1 bp −$617.6 bp −$7658.7 bp −$4,362
Sell Bluefin no order-book sample—————
Bluefin: 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
Hotstuff ETH-PERP−0.0080%1h2,746.2−0.004%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.131%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.1−0.045%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,746−0.013%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.2−0.003%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,744.9−0.052%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747.9+0.058%$849K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,746.5+0.007%$182K$862K50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,747.3+0.035%$8.9M$30.7M100xas long as short
BingX ETH-USDC+0.0053%8h2,744.9−0.051%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,746.2−0.003%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.4+0.004%$382.1M$575.5M100xas long as short
Bullet ETH-USD+0.0073%1h2,745.1−0.044%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.7+0.015%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0088%8h2,746.1−0.008%$254.1M$841.1M200xas long as short
SoDEX ETH-USD+0.0094%1h2,744.8−0.055%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,745.8−0.019%$113.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,747.2+0.031%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.025%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,746.5+0.007%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.1−0.154%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,747.2+0.034%$57.9M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.1−0.009%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751+0.170%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,746−0.011%$468K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.2−0.004%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,748+0.062%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.6+0.011%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.2−0.003%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.30.000%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.6+0.012%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.146%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.8−0.019%$3.39B$8.76B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,746.3long leg$2.08B$2.72B150x
Backpack ETH_USDC_PERP+0.0100%1h2,745.1−0.046%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8−0.019%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2−0.003%$182.5M$673.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9−0.052%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,746.7+0.014%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.6+0.009%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.8+0.018%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.3+0.001%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.5−0.029%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,745−0.048%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.8−0.018%$266.9M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.7−0.023%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0128%1h2,745.5−0.031%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.7+0.014%$7.8M$670.0M4.9xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,746.6+0.011%$259.8M$196.2M50xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.6+0.012%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.1−0.007%$86.6M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.1−0.045%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,746.1−0.008%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0313%8h2,746−0.012%$285.1M$181.2M150xas long as short
Bluefin ETH-PERPshort+0.0558%1h2,745.5−0.030%$21K$20K25x