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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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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.

Funding you earn now, next payment 00:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.046%
Price spread now: Orderly against Bitget+0.070%7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.257%+$26 on $10k
Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.070%, 7d avg +0.083%
Together, before fees+0.232%+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,779.60.0073pay 0.0073% / 8h1h 40m$2.10B$3.10B150x
ShortOrderly PERP_ETH_USDC2,781.50.0139get 0.0139% / 8h1h 40m$32.6M$12.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$13.88
Price spread: +0.070% → +0.083%
−$1.35
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$5.47
Costs to cover
0.180%
Break-even
9.8 days
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago0.02 bp6.0 bp −$66.1 bp −$617.5 bp −$7489.1 bp −$4,531
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%43m2,781.3+0.060%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,781.1+0.055%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782+0.087%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.7−0.139%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,781.2+0.059%$170K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0027%1h2,777.2−0.087%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.1+0.090%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,774.2−0.193%$885K$3.7M25xas long as short
Phemex ETHUSDT+0.0005%8h2,779.5−0.002%$270.4M$68.5M150xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,780.3+0.026%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,780+0.016%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0019%8h2,779.6+0.002%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,780.4+0.031%$13.2M—200xas long as short
Aster ETHUSDT+0.0037%8h2,780.3+0.024%$257.0M$989.9M200xas long as short
Bullet ETH-USD+0.0040%1h2,780+0.015%$182K$1.8M20xas long as short
Nado ETH-PERP+0.0044%1h2,780.1+0.019%$14.3M$117.7M50xas long as short
MEXC ETH_USDT+0.0056%8h2,780.1+0.018%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0056%1h2,775.3−0.153%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0058%8h2,780.3+0.025%$6.45B$17.11B150xas long as short
Bitget ETHUSDTlong+0.0073%8h2,779.6long leg$2.10B$3.10B150x
Gate ETH_USDT+0.0077%8h2,780.2+0.021%$3.30B$9.57B200xas long as short
HTX ETH-USDT+0.0096%8h2,779.60.000%$1.08B$1.31B200xas long as short
Lighter ETH+0.0096%1h2,780+0.017%$115.2M$497.5M50xas long as short
Lighter RH ETH+0.0096%1h2,781.5+0.070%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.3+0.097%—$41.5M500xas long as short
Bybit ETHUSDT+0.0096%8h2,779.8+0.009%$2.52B$4.59B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,782.9+0.121%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,781.5+0.069%$483K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,782.2+0.095%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,782.2+0.095%$31.3M$295.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781+0.051%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,783.4+0.137%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.063%$166.9M$248.1M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,780+0.017%$426.7M$737.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.3+0.027%$15.3M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.207%$135.8M$327.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.9−0.097%$180.0M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.5−0.109%$161.5M$93.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.6−0.108%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,780.3+0.026%$21.5M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,781+0.052%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.6+0.073%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780+0.017%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.2+0.060%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,780.7+0.039%$975K$14.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.4−0.006%$55.3M$228.8M40xas long as short
Extended ETH-USD+0.0104%1h2,779.3−0.009%$31.6M$74.6M50xas long as short
Hibachi ETH/USDT-P+0.0104%1h2,778.9−0.025%$281K$1.5M20xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.8+0.046%$60.3M$4.60B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,781.1+0.054%$258.4M$221.6M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,781.8+0.080%$8.6M$672.9M4.9xas long as short
Orderly PERP_ETH_USDCshort+0.0139%8h2,781.5+0.070%$32.6M$12.0M100x
Kraken Futures PF_ETHUSD+0.0169%1h2,780.7+0.039%$86.3M$330.4M100xas long as short
BloFin ETH-USDT+0.0178%8h2,779.6+0.003%$285.4M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,779.8+0.009%$7.4M$1.1M25xas long as short