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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: Derive against Bybit+0.076%7-day average +0.058% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.153%+$15 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.076%, 7d avg +0.058%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,745.20.0100pay 0.0100% / 8h6h 33m$2.45B$4.35B150x
ShortDerive ETH-PERP2,747.30.0100get 0.0013% / 1h33m 14s$41.7M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Bybit. 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
$0
Price spread: +0.076% → +0.058%
$1.84
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Derive: 3 bp × 2 orders
−$6
Net
−$15.16
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 6 min ago; Derive: 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 Bybit live order book, 6 min ago0.02 bp5.5 bp −$65.5 bp −$556.8 bp −$6799.3 bp −$4,633
Sell Derive no order-book sample—————
Derive: 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 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
Perpl ETH−0.0447%43m2,745.8+0.023%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2+0.111%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,744.8−0.013%$5.5M$11.2M25xas long as short
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.008%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.1+0.035%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.4+0.045%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.8+0.024%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,746.3+0.040%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0016%1h2,745.3+0.005%$180K$1.1M50xas long as short
BingX ETH-USDC+0.0032%8h2,745.7+0.018%—$17.3M—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0042%8h2,746+0.030%$1.68B$11.07B100xas long as short
HTX ETH-USDT+0.0042%8h2,745.1−0.004%$1.06B$1.22B200xas long as short
Aster ETHUSDT+0.0061%8h2,746.9+0.063%$253.4M$863.0M200xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,746.6+0.051%$258.5M$202.0M50xas long as short
MEXC ETH_USDT+0.0070%8h2,745.8+0.023%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0072%8h2,745.1−0.001%$6.35B$16.33B150xas long as short
Aevo ETH-PERP+0.0072%1h2,743.7−0.052%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,745.6+0.015%$381.1M$608.1M100xas long as short
Gate ETH_USDT+0.0080%8h2,746.3+0.040%$3.39B$8.85B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,746.2+0.038%$58.8M$4.38B50xas long as short
Bitget ETHUSDT+0.0089%8h2,745.7+0.020%$2.07B$2.86B150xas long as short
Lighter ETH+0.0096%1h2,745.3+0.004%$112.7M$442.0M50xas long as short
Lighter RH ETH+0.0096%1h2,746.5+0.049%$24.8M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9+0.027%—$35.5M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.5+0.158%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.8−0.050%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.8+0.025%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.1+0.107%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,745.5+0.012%$31.5M$333.7M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,745.2long leg$2.45B$4.35B150x
Ondo Perps ETH-USD.P+0.0100%1h2,743.6−0.057%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.1−0.001%$2.8M$16.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748+0.103%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,744.6−0.022%$133.0M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.029%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.5+0.012%$159.7M$84.8M50xas long as short
StandX ETH-USD+0.0100%1h2,745−0.006%$21.2M$67.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.1+0.070%—$870K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2+0.001%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.8+0.022%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.2+0.039%$21K$22K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,747.3+0.076%$41.7M$29.4M15x
SunX ETH-USDT+0.0100%8h2,744.9−0.011%$963K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.6+0.016%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.7−0.015%$266.8M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.045%$165.5M$306.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746+0.031%$30K$21K20xas long as short
Extended ETH-USD+0.0104%1h2,745.1−0.002%$30.4M$74.9M50xas long as short
Kalshi KXETHPERP+0.0137%8h2,746.5+0.049%$7.8M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0167%8h2,748.3+0.114%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,748.4+0.118%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.056%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,745.5+0.011%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.7+0.021%$89.9M$317.5M100xas long as short