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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 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Katana Perps against Bitget−0.013%7-day average −0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.039%+$4 on $10k
Price spread, last 7 days−0.030%−$3 · spread now −0.013%, 7d avg −0.036%
Together, before fees+0.009%+$1 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: Katana Perps is 0.023% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,745.90.0100pay 0.0100% / 8h5h 19m$2.08B$2.72B150x
ShortKatana Perps ETH-USD2,745.50.0100get 0.0100% / 8h5h 19m$469K$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.04
Price spread: −0.013% → −0.036%
$2.32
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$13.52
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Katana Perps: 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, 5 min ago0.02 bp6.0 bp −$66.0 bp −$607.3 bp −$728doesn't fit
Sell Katana Perps no order-book sample—————
Katana Perps: 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+0.012%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.115%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.2−0.026%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,746+0.004%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.2+0.011%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.2−0.025%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,742.3−0.130%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,746.5+0.023%$182K$862K50xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,747.3+0.052%$8.9M$30.7M100xas long as short
BingX ETH-USDC+0.0053%8h2,745.6−0.011%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,745.9+0.003%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,745.1−0.027%$381.8M$575.5M100xas long as short
Bullet ETH-USD+0.0074%1h2,744.6−0.045%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.1+0.009%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,745.5−0.014%$253.4M$841.1M200xas long as short
SoDEX ETH-USD+0.0096%1h2,744.2−0.060%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,745.8−0.001%$113.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.040%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.7+0.030%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,745.6−0.008%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.3−0.130%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745.9+0.001%$58.2M$4.25B50xas long as short
Binance ETHUSDT+0.0096%8h2,745.5−0.014%$6.38B$15.66B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.2+0.159%$16.0M$7.9M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,745.5−0.013%$469K$3.0M50x
Nado ETH-PERP+0.0100%1h2,745.8−0.003%$13.9M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.4+0.056%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.3+0.016%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.7−0.007%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.1−0.028%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.3+0.015%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.130%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.9+0.001%$3.39B$8.75B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,745.9long leg$2.08B$2.72B150x
Backpack ETH_USDC_PERP+0.0100%1h2,744−0.068%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8−0.003%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.013%$182.5M$673.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9−0.036%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.074%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.1+0.009%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.1+0.009%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.2+0.011%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.3−0.022%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,744.6−0.046%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3−0.056%$266.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745−0.030%$30.6M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,745−0.033%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0154%1h2,745.9+0.003%$259.8M$196.4M50xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.1+0.009%$7.8M$669.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.7+0.031%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.2−0.024%$86.7M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,744.3−0.057%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,747.4+0.057%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0326%8h2,745.7−0.005%$285.1M$181.1M150xas long as short
Bluefin ETH-PERP+0.0348%1h2,772.8+0.981%$21K$20K25xas long as short