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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 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.005%
Price spread now: Bitget against Bullet−0.032%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Long on BulletShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days+0.037%+$4 · spread now −0.032%, 7d avg −0.013%
Together, before fees+0.045%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,732.70.0088pay 0.0011% / 1h9m 00s$189K$1.7M20x
ShortBitget ETHUSDT2,731.90.0100get 0.0100% / 8h1h 09m$2.10B$2.77B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bullet. 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
$2.42
Price spread: −0.032% → −0.013%
−$1.87
Slippage, 4 orders
−$1.94
Fee Bullet: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.39
Costs to cover
0.219%
Break-even
68.9 days
Slippage from Bullet: live order book, just now; Bitget: live order book, 5 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 Bullet live order book, just now0.37 bp4.8 bp −$57.2 bp −$72doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.1 bp −$617.7 bp −$7719.3 bp −$4,661

ETH on 54 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%1h2,732.1−0.023%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.013%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.5−0.008%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.013%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4−0.014%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.4−0.012%$6.6M$683.3M4.9xas long as short
Perpl ETH0.0000%43m2,732.2−0.019%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.028%$262.6M$213.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5−0.009%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.039%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.2+0.017%$191K$889K50xas long as short
BingX ETH-USDT+0.0024%8h2,732.3−0.017%—$1.10B—as long as short
HTX ETH-USDT+0.0027%8h2,732.70.000%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,731.7−0.038%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.3−0.018%$379.6M$576.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,732.5−0.009%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,731.7−0.037%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,731.6−0.040%$253.0M$846.9M200xas long as short
Phemex ETHUSDT+0.0088%8h2,732.6−0.005%$263.1M$64.5M150xas long as short
Bullet ETH-USDlong+0.0088%1h2,732.7long leg$189K$1.7M20x
MEXC ETH_USDT+0.0095%8h2,732.4−0.013%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.9−0.030%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,733.2+0.017%$112.8M$438.7M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.053%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730−0.099%$4.9M$165K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.4+0.024%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,732−0.027%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.2+0.127%$15.4M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.050%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.8+0.075%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.4−0.014%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.2−0.056%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732−0.029%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.034%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.4−0.011%$3.31B$9.04B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,731.9−0.032%$2.10B$2.77B150x
Backpack ETH_USDC_PERP+0.0100%1h2,732.4−0.014%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.056%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.021%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.026%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.009%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.9+0.041%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.031%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.3+0.021%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.1−0.022%$958K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731.7−0.037%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.4−0.012%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.6+0.033%$46.5M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,731.9−0.029%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.010%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.075%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0188%1h2,731.7−0.039%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733.1+0.012%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4−0.011%$281.0M$175.4M150xas long as short