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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 UTC−0.0259%/8h= −28.4% APRnext payment −$2.59 per $10,000 · paid last 24h −0.029%
Price spread now: Katana Perps against BloFin−0.046%7-day average +0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BloFinShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.104%−$10 on $10k
Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.046%, 7d avg +0.007%
Together, before fees0.000%$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Katana Perps is 0.053% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,720.50.0359pay 0.0359% / 8h2h 22m$281.1M$173.9M150x
ShortKatana Perps ETH-USD2,719.20.0100get 0.0100% / 8h2h 22m$498K$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against BloFin. 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
−$54.45
Price spread: −0.046% → +0.007%
−$5.31
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$75.56
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago0.04 bp6.0 bp −$66.0 bp −$607.2 bp −$7219.4 bp −$4,686
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
Perpl ETH−0.0447%43m2,719.5−0.036%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6+0.042%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,720.6+0.004%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9−0.022%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,720−0.017%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4−0.001%$32.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,722.8+0.086%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.123%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0033%8h2,723+0.093%—$1.13B—as long as short
01 Exchange ETHUSD+0.0040%1h2,720.2−0.009%$189K$824K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,723.2+0.100%$2.35B$4.40B150xas long as short
SunX ETH-USDT+0.0068%8h2,718.9−0.058%$953K$11.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,719.5−0.034%$180K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,715.8−0.171%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0077%8h2,722.6+0.079%$373.5M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0081%1h2,719.9−0.022%$30K$20K20xas long as short
Aster ETHUSDT+0.0084%8h2,723.1+0.096%$251.9M$845.0M200xas long as short
MEXC ETH_USDT+0.0088%8h2,723.1+0.097%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.088%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,723.2+0.099%$6.31B$16.07B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,723.5+0.112%$1.66B$10.81B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2+0.028%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,723.2+0.101%$112.1M$434.7M50xas long as short
Lighter RH ETH+0.0096%1h2,724.8+0.160%$23.5M$103.7M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,719.2−0.046%$498K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.081%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.3−0.042%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,724.6+0.153%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,721+0.021%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.3−0.042%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1−0.013%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.055%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.2+0.101%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.5+0.076%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.4+0.033%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.158%$132.3M$328.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.171%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721+0.021%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722+0.057%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.5+0.039%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,721.1+0.024%$11.1M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.7+0.010%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722+0.058%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6+0.006%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,722.5+0.075%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720−0.015%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1+0.060%$49.5M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.9−0.021%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0151%8h2,721+0.020%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9+0.052%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5+0.037%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.089%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.9−0.058%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1+0.060%$249K$1.4M20xas long as short
BloFin ETH-USDTlong+0.0359%8h2,720.5long leg$281.1M$173.9M150x