Settings8H · net · $10k
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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 02:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.015%
Price spread now: Deribit against Bitget+0.086%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Long on BitgetShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.086%, 7d avg +0.045%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.041% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,745.50.0098pay 0.0098% / 8h6h 11m$2.08B$2.84B150x
ShortDeribit ETH-PERPETUAL2,747.90.0176get 0.0022% / 1h11m 42s$258.6M$200.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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
$16.38
Price spread: +0.086% → +0.045%
$4.14
Slippage, 4 orders
−$1.92
Fee Bitget: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$0.4
Costs to cover
0.209%
Break-even
7.2 days
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago0.02 bp6.0 bp −$67.1 bp −$717.4 bp −$7449.8 bp −$4,895
Sell Deribit live order book, 2 min ago0.73 bp4.5 bp −$45.6 bp −$5611.0 bp −$1,10528.4 bp −$14.2K

ETH on 54 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%43m2,746.8+0.047%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.8+0.048%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.4+0.070%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747+0.054%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.110%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.009%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.064%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0032%1h2,747.6+0.077%$182K$1.1M50xas long as short
BingX ETH-USDC+0.0038%8h2,745.3−0.008%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0051%8h2,744.4−0.038%$1.69B$10.92B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0061%1h2,746.4+0.033%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0066%8h2,746.6+0.040%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,746+0.020%$371.2M$609.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,746.3+0.030%$253.6M$858.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.1−0.015%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,745.9+0.016%$1.58B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,745.1−0.015%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.068%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0089%8h2,746.2+0.027%$3.39B$8.93B200xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,748.5+0.110%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,745.4−0.005%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.060%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.053%—$35.6M500xas long as short
Bitget ETHUSDTlong+0.0098%8h2,745.5long leg$2.08B$2.84B150x
Paradex ETH-USD-PERP+0.0099%8h2,751.2+0.210%$16.3M$8.1M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.6+0.040%$182K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,746.2+0.026%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.5+0.036%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.5+0.075%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6+0.004%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.7−0.027%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.8+0.011%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.8+0.082%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9+0.014%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.058%$133.1M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.026%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.4+0.068%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.088%$21.3M$69.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.062%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.059%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.100%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.8+0.049%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.3+0.030%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5+0.037%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.079%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,747.7+0.081%—$865K50xas long as short
Extended ETH-USD+0.0104%1h2,745.5−0.001%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.073%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,749.4+0.143%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUALshort+0.0176%1h2,747.9+0.086%$258.6M$200.0M50x
Injective ETH/USDC PERP+0.0209%1h2,746.5+0.037%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748.1+0.097%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.4+0.034%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.055%$88.6M$317.0M100xas long as short