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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.016%
Price spread now: Extended against Bitget−0.025%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on BitgetShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days−0.012%−$1 · spread now −0.025%, 7d avg −0.047%
Together, before fees+0.079%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.022% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,7360.0100pay 0.0100% / 8h3h 34m$2.07B$2.73B150x
ShortExtended ETH-USD2,735.30.0104get 0.0013% / 1h34m 14s$30.6M$73.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.025% → −0.047%
$2.23
Slippage, 4 orders
−$0.4
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.33
Costs to cover
0.174%
Break-even
126.4 days
Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago0.02 bp6.0 bp −$66.3 bp −$637.8 bp −$779doesn't fit
Sell Extended live order book, 5 min ago0.18 bp2.7 bp −$33.0 bp −$305.9 bp −$58815.0 bp −$7,508

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%43m2,736.7+0.027%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.7+0.064%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.7+0.025%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,738.9+0.107%$823K$2.9M25xas long as short
HTX ETH-USDT+0.0002%8h2,735.2−0.030%$1.06B$1.20B200xas long as short
dYdX ETH-USD+0.0005%1h2,737.1+0.041%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.7+0.026%$28.1M—200xas long as short
Bullet ETH-USD+0.0027%1h2,736.2+0.009%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0032%8h2,735.7−0.010%—$18.5M—as long as short
Deribit ETH-PERPETUAL+0.0039%1h2,737.1+0.042%$259.5M$200.1M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,735.8−0.008%$2.37B$4.37B150xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.053%$8.7M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,737.1+0.042%$187K$817K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736+0.003%$381.6M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,735.9−0.002%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0079%8h2,735.9−0.001%$265.3M$65.1M150xas long as short
Aster ETHUSDT+0.0084%8h2,736.4+0.014%$251.3M$842.3M200xas long as short
SunX ETH-USDT+0.0086%8h2,736.1+0.005%$960K$11.2M100xas long as short
MEXC ETH_USDT+0.0093%8h2,735.9−0.002%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,735.9−0.002%$6.36B$15.89B150xas long as short
Lighter ETH+0.0096%1h2,736.3+0.014%$112.9M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.057%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.2+0.047%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.7+0.027%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.067%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0099%1h2,735.8−0.006%$54.5M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.4+0.161%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.3+0.012%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.1+0.042%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.4+0.089%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.8+0.067%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.2+0.009%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.3+0.050%$1.5M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,736+0.003%$3.34B$8.88B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,736long leg$2.07B$2.73B150x
Backpack ETH_USDC_PERP+0.0100%1h2,735.5−0.015%$15.2M$40.6M50xas long as short
Variational Omni ETH+0.0100%8h2,735.4−0.021%$133.6M$322.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,737.2+0.045%$184.1M$670.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.9−0.001%$159.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,738+0.075%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.3+0.050%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.060%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.2+0.046%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738+0.073%$41.3M$29.9M15xas long as short
Bulk ETH-USD+0.0100%1h2,739.4+0.124%$170.6M$337.3M25xas long as short
Extended ETH-USDshort+0.0104%1h2,735.3−0.025%$30.6M$73.0M50x
RISEx ETH/USDC+0.0107%1h2,737.3+0.048%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,737.6+0.059%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.6+0.024%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0142%8h2,737.4+0.053%$6.5M$682.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,736.3+0.014%$83.4M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,738.5+0.094%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0212%1h2,735.1−0.032%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,737.3+0.048%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0375%8h2,736.7+0.025%$283.5M$175.3M150xas long as short