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Funding arb · Price arb /

ETH

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Funding you earn now, next payment 06:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.030%
Price spread now: Coinbase International against BloFin+0.048%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on BloFinShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.138%−$14 on $10k
Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.048%, 7d avg +0.038%
Together, before fees−0.115%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.138% in total (about -7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,7280.0377pay 0.0377% / 8h1h 43m$282.2M$175.5M150x
ShortCoinbase International ETH-PERP-INTX2,729.30.0112get 0.0014% / 1h43m 02s$50.3M$4.32B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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
−$55.62
Price spread: +0.048% → +0.038%
$1.03
Slippage, 4 orders
−$0.11
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$76.7
Costs to cover
0.221%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; Coinbase International: live order book, 6 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 BloFin live order book, 6 min ago0.04 bp6.0 bp −$66.0 bp −$606.9 bp −$6938.4 bp −$4,204
Sell Coinbase International live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$506.4 bp −$64218.8 bp −$9,387

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
ApeX Omni ETHUSDT−0.0115%1h2,726.2−0.066%$8.6M$31.5M100xas long as short
Perpl ETH−0.0112%43m2,727.5−0.019%$290K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.3+0.010%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.8−0.008%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.4+0.050%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,725.4−0.096%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,727.8−0.008%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,728.7+0.025%$6.7M$690.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,728.4+0.012%$262.6M$215.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.5+0.054%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0007%8h2,727.6−0.015%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,728.9+0.032%$191K$892K50xas long as short
BingX ETH-USDT+0.0031%8h2,727.4−0.024%—$1.12B—as long as short
Bybit ETHUSDT+0.0037%8h2,727.4−0.025%$2.34B$4.43B150xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,728.7+0.023%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0077%8h2,727.7−0.013%$378.4M$577.5M100xas long as short
SoDEX ETH-USD+0.0080%1h2,727.7−0.012%$54.3M$187.4M40xas long as short
SunX ETH-USDT+0.0085%8h2,727.2−0.031%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0086%8h2,727.5−0.019%$252.0M$850.6M200xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,727.4−0.025%$1.65B$10.96B100xas long as short
MEXC ETH_USDT+0.0094%8h2,727.6−0.015%$1.52B$2.58B500xas long as short
Binance ETHUSDT+0.0094%8h2,727.4−0.022%$6.33B$16.19B150xas long as short
Lighter ETH+0.0096%1h2,728.4+0.014%$112.0M$433.8M50xas long as short
Lighter RH ETH+0.0096%1h2,729.4+0.050%$23.4M$102.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.022%$4.9M$165K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.4+0.014%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.2+0.115%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.2+0.005%$14.1M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.1+0.076%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,728.8+0.027%$32.0M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.2+0.006%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.2+0.044%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9−0.078%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.7−0.011%$3.28B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.4−0.023%$2.09B$2.80B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.8−0.010%$15.0M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,723.1−0.182%$133.0M$326.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.6−0.127%$184.7M$683.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.3−0.064%$158.4M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.6+0.058%$21.0M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.4+0.050%—$767K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.050%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.8+0.028%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,729+0.036%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.3+0.083%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.5+0.016%$263.0M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,727.5−0.019%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,728.1+0.001%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,729.3+0.048%$50.3M$4.32B50x
RISEx ETH/USDC+0.0115%1h2,729.3+0.045%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,730.9+0.107%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0193%1h2,727.5−0.019%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,728.6+0.020%$83.6M$311.5M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,729.3+0.048%$245K$1.4M20xas long as short
BloFin ETH-USDTlong+0.0377%8h2,728long leg$282.2M$175.5M150x