Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Katana Perps against Bluefin−0.010%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin ETH-PERP | 2,775.1 | 0.0100 | pay 0.0013% / 1h | 36m 04s | $21K | $25K | 25x |
| Short | Katana Perps ETH-USD | 2,774.8 | 0.0100 | get 0.0100% / 8h | 1h 36m | $481K | $2.7M | 50x |
Bluefin ETH-PERP
Katana Perps ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Bluefin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.010% → 0.000%
- −$1.05
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$11.89
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Bluefin: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bluefin no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Bluefin and 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0447% | 43m | 2,774 | −0.038% | $288K | $6.9M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0085% | 1h | 2,774.2 | −0.034% | $5.8M | $12.0M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,776.1 | +0.036% | $5K | $2K | 50x | as long as short |
| Injective ETH/USDC PERP | −0.0041% | 1h | 2,777.1 | +0.072% | $119K | $22.5M | 52x | as long as short |
| 01 Exchange ETHUSD | −0.0032% | 1h | 2,774.7 | −0.014% | $169K | $1.2M | 50x | as long as short |
| Aftermath Perps ETHUSD | −0.0023% | 1h | 2,777.7 | +0.096% | $29K | $22K | 20x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,776.5 | +0.052% | $12.7M | $45.5M | 50x | as long as short |
| Phoenix ETH | 0.0000% | 1h | 2,779.8 | +0.170% | $885K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,774.8 | −0.011% | $22.4M | — | 200x | as long as short |
| BingX ETH-USDC | +0.0015% | 8h | 2,772.9 | −0.080% | — | $17.4M | — | as long as short |
Perpl ETH
RISEx ETH/USDC
Hotstuff ETH-PERP
Injective ETH/USDC PERP
01 Exchange ETHUSD
Aftermath Perps ETHUSD
dYdX ETH-USD
Phoenix ETH
gTrade (Gains Network) ETH/USD
BingX ETH-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ETHUSDT | +0.0017% | 8h | 2,773.8 | −0.048% | $269.8M | $68.5M | 150x | as long as short |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,774.2 | −0.032% | $1.71B | $11.82B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,774.5 | −0.021% | $13.2M | — | 200x | as long as short |
| Aster ETHUSDT | +0.0036% | 8h | 2,773.9 | −0.042% | $256.3M | $989.7M | 200x | as long as short |
| Bullet ETH-USD | +0.0040% | 1h | 2,773.6 | −0.053% | $180K | $1.7M | 20x | as long as short |
| Nado ETH-PERP | +0.0057% | 1h | 2,774.8 | −0.010% | $14.2M | $117.8M | 50x | as long as short |
| Binance ETHUSDT | +0.0061% | 8h | 2,774 | −0.039% | $6.44B | $17.11B | 150x | as long as short |
| MEXC ETH_USDT | +0.0062% | 8h | 2,773.1 | −0.071% | $1.62B | $2.65B | 500x | as long as short |
| Aevo ETH-PERP | +0.0064% | 1h | 2,773.3 | −0.064% | $5.0M | $636K | 20x | as long as short |
| Bitget ETHUSDT | +0.0072% | 8h | 2,773.3 | −0.065% | $2.10B | $3.10B | 150x | as long as short |
| Gate ETH_USDT | +0.0073% | 8h | 2,773.3 | −0.063% | $3.29B | $9.58B | 200x | as long as short |
| Deribit ETH-PERPETUAL | +0.0078% | 1h | 2,775.2 | +0.005% | $258.3M | $221.9M | 50x | as long as short |
| SoDEX ETH-USD | +0.0091% | 1h | 2,773.4 | −0.061% | $55.2M | $228.8M | 40x | as long as short |
| HTX ETH-USDT | +0.0095% | 8h | 2,772.9 | −0.079% | $1.08B | $1.32B | 200x | as long as short |
| Bybit ETHUSDT | +0.0095% | 8h | 2,774.1 | −0.037% | $2.52B | $4.59B | 150x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,774 | −0.039% | $114.8M | $498.5M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,775.1 | +0.001% | $25.4M | $121.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,776 | +0.033% | — | $41.5M | 500x | as long as short |
| KuCoin ETHUSDTM | +0.0099% | 8h | 2,773.9 | −0.041% | $426.1M | $737.9M | 100x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,774.2 | −0.031% | $15.9M | $10.5M | 50x | as long as short |
| Katana Perps ETH-USDshort | +0.0100% | 8h | 2,774.8 | −0.010% | $481K | $2.7M | 50x | |
| Hyperliquid ETH | +0.0100% | 1h | 2,775.5 | +0.015% | $3.19B | $2.36B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,775.6 | +0.018% | $31.4M | $297.6M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,773.8 | −0.046% | $2.8M | $16.8M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,776.3 | +0.045% | $2.8M | $17.3M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,781.3 | +0.224% | $166.9M | $248.1M | 25x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,773.8 | −0.045% | $15.2M | $44.5M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,781.7 | +0.238% | $135.5M | $322.3M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,778.3 | +0.116% | $180.1M | $779.4M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,777.7 | +0.094% | $161.5M | $90.8M | 50x | as long as short |
| ApeX Omni ETHUSDT | +0.0100% | 1h | 2,777.9 | +0.100% | $8.7M | $32.5M | 100x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,776.9 | +0.065% | $21.4M | $57.9M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,775.2 | +0.004% | $10.8M | $7.6M | 50x | as long as short |
| Bluefin ETH-PERPlong | +0.0100% | 1h | 2,775.1 | long leg | $21K | $25K | 25x | |
| Derive ETH-PERP | +0.0100% | 1h | 2,776.5 | +0.049% | $42.7M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,774.7 | −0.015% | $974K | $14.0M | 100x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,775.1 | −0.001% | — | $1.1M | 50x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,773.6 | −0.054% | $31.5M | $74.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,774.1 | −0.036% | $60.2M | $4.59B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0117% | 8h | 2,776.1 | +0.036% | $8.7M | $673.6M | 4.9x | as long as short |
| Hibachi ETH/USDT-P | +0.0136% | 1h | 2,777.9 | +0.101% | $279K | $1.5M | 20x | as long as short |
| Orderly PERP_ETH_USDC | +0.0138% | 8h | 2,776.8 | +0.062% | $32.6M | $12.0M | 100x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0170% | 1h | 2,774.2 | −0.031% | $86.1M | $330.4M | 100x | as long as short |
| BloFin ETH-USDT | +0.0182% | 8h | 2,775.5 | +0.015% | $284.7M | $194.4M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0189% | 1h | 2,773.6 | −0.052% | $7.3M | $1.1M | 25x | as long as short |
Phemex ETHUSDT
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aster ETHUSDT
Bullet ETH-USD
Nado ETH-PERP
Binance ETHUSDT
MEXC ETH_USDT
Aevo ETH-PERP
Bitget ETHUSDT
Gate ETH_USDT
Deribit ETH-PERPETUAL
SoDEX ETH-USD
HTX ETH-USDT
Bybit ETHUSDT
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
KuCoin ETHUSDTM
Paradex ETH-USD-PERP
Hyperliquid ETH
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
ApeX Omni ETHUSDT
StandX ETH-USD
Polymarket Perps ETH-USD
Derive ETH-PERP
SunX ETH-USDT
Vest ETH-PERP
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Hibachi ETH/USDT-P
Orderly PERP_ETH_USDC
Kraken Futures PF_ETHUSD
BloFin ETH-USDT
Reya ETHRUSDPERP