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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 00:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.006%
Price spread now: Vest against Bullet+0.013%7-day average +0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.013%, 7d avg +0.024%
Together, before fees+0.010%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,7790.0021pay 0.0003% / 1h57m 38s$181K$1.7M20x
ShortVest ETH-PERP2,779.30.0096get 0.0012% / 1h57m 38s—$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$15.7
Price spread: +0.013% → +0.024%
−$1.09
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
$4.62
Costs to cover
0.100%
Break-even
4.9 days
Slippage unknown: Bullet: live order book, 2 min ago; Vest: 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 Bullet live order book, 2 min ago0.36 bp5.8 bp −$69.1 bp −$91doesn't fitdoesn't fit
Sell Vest no order-book sample—————
Vest: 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%43m2,778.5−0.016%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.8+0.029%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.3−0.060%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7+0.026%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.4+0.051%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,777.4−0.056%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.016%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,777.6−0.049%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.8+0.029%$22.4M—200xas long as short
BingX ETH-USDT+0.0014%8h2,779.7+0.027%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,779.4+0.014%$1.70B$11.88B100xas long as short
Bullet ETH-USDlong+0.0021%1h2,779long leg$181K$1.7M20x
Phemex ETHUSDT+0.0022%8h2,779.2+0.007%$270.7M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.7+0.025%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,779.2+0.009%$254.9M$995.9M200xas long as short
Nado ETH-PERP+0.0035%1h2,779.4+0.015%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.051%$8.8M$32.7M100xas long as short
Binance ETHUSDT+0.0061%8h2,779.4+0.015%$6.45B$17.23B150xas long as short
MEXC ETH_USDT+0.0061%8h2,779.2+0.010%$1.60B$2.62B500xas long as short
Bitget ETHUSDT+0.0064%8h2,779.7+0.025%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,777.7−0.045%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0069%1h2,778.7−0.010%$55.3M$229.0M40xas long as short
Gate ETH_USDT+0.0070%8h2,779.5+0.020%$3.30B$9.56B200xas long as short
Deribit ETH-PERPETUAL+0.0070%1h2,780.5+0.056%$258.7M$222.8M50xas long as short
HTX ETH-USDT+0.0087%8h2,778.9−0.004%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,780+0.038%$60.1M$4.61B50xas long as short
Bybit ETHUSDT+0.0090%8h2,779.4+0.016%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,779+0.002%$423.6M$739.5M100xas long as short
Vest ETH-PERPshort+0.0096%1h2,779.3+0.013%—$1.1M50x
Lighter ETH+0.0096%1h2,779.6+0.024%$115.2M$492.7M50xas long as short
Lighter RH ETH+0.0096%1h2,781+0.071%$25.5M$120.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,779.2+0.009%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.9+0.033%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,781.8+0.102%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,779.7+0.026%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779+0.001%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,781.1+0.075%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.037%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.021%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.110%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.8−0.077%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9−0.075%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5−0.017%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,781.2+0.080%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.7+0.026%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.3+0.085%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.2+0.008%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,779.1+0.005%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,780.3+0.047%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,780.1+0.039%$86.6M$332.7M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,778.8−0.006%$8.3M$681.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,782+0.108%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.8−0.079%$285.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,779.7+0.026%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,778.5−0.016%$270K$1.5M20xas long as short