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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Katana Perps against edgeX+0.019%7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 7 days−0.039%−$4 · spread now +0.019%, 7d avg −0.007%
Together, before fees−0.039%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.026% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,745.60.0100pay 0.0050% / 4h1h 15m$182.5M$673.8M100x
ShortKatana Perps ETH-USD2,746.10.0100get 0.0100% / 8h5h 15m$469K$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against edgeX. 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
−$0.04
Price spread: +0.019% → −0.007%
$2.62
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$10.22
Costs to cover
0.128%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$5046.2 bp −$3,124
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
Hotstuff ETH-PERP−0.0080%1h2,747.4+0.067%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8+0.045%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,746.8+0.044%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.4+0.066%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.6+0.037%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,746.8+0.046%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,747+0.052%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.4+0.030%$182K$849K50xas long as short
ApeX Omni ETHUSDT+0.0042%1h2,745.9+0.013%$8.8M$30.7M100xas long as short
BingX ETH-USDT+0.0053%8h2,746.5+0.033%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,746.5+0.033%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.1+0.020%$382.1M$575.4M100xas long as short
Bullet ETH-USD+0.0073%1h2,746.3+0.027%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.6+0.038%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,746.4+0.029%$254.1M$841.0M200xas long as short
SoDEX ETH-USD+0.0094%1h2,746.6+0.037%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,746.1+0.021%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,747.7+0.077%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.066%—$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,746.3+0.027%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,746.5+0.032%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.9+0.123%$58.0M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,746.3+0.027%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.1+0.202%$16.1M$7.9M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,746.1+0.019%$469K$3.1M50x
Nado ETH-PERP+0.0100%1h2,745.9+0.013%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.4+0.103%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.7+0.041%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6+0.036%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746+0.016%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.5+0.033%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.119%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.6+0.036%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.8+0.043%$2.09B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.6+0.038%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6+0.037%$133.5M$325.8M—as long as short
edgeX ETHUSDClong+0.0100%4h2,745.6long leg$182.5M$673.8M100x
GRVT ETH_USDT_Perp+0.0100%8h2,746.7+0.040%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9+0.048%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.052%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.059%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,748.3+0.099%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.9+0.010%$962K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.7+0.040%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747+0.052%$267.0M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,745.9+0.010%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0130%1h2,746.2+0.022%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747.1+0.056%$7.8M$669.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0190%1h2,748.3+0.099%$259.8M$195.9M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,748.8+0.117%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.7+0.079%$86.7M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.5−0.004%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747.8+0.083%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0290%8h2,746.1+0.019%$286.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0479%1h2,746.7+0.042%$21K$20K25xas long as short