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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 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.028%
Price spread now: BloFin against Extended+0.028%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on ExtendedShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.028%, 7d avg +0.033%
Together, before fees−0.142%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,737.60.0104pay 0.0013% / 1h52m 52s$30.6M$72.3M50x
ShortBloFin ETH-USDT2,738.40.0211get 0.0211% / 8h4h 52m$285.5M$172.8M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$22.57
Price spread: +0.028% → +0.033%
−$0.49
Slippage, 4 orders
−$0.44
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$4.63
Costs to cover
0.174%
Break-even
5.6 days
Slippage from Extended: live order book, 1 min ago; BloFin: live order book, 6 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 Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$273.3 bp −$32510.5 bp −$5,233
Sell BloFin live order book, 6 min ago0.04 bp6.0 bp −$66.0 bp −$607.6 bp −$75711.1 bp −$5,570

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%43m2,738.4+0.029%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.098%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.1+0.054%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,739+0.049%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.5+0.067%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,739+0.050%$182K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.130%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,739.2+0.057%$25.4M—200xas long as short
BingX ETH-USDC+0.0055%8h2,737.9+0.008%—$18.4M—as long as short
Bullet ETH-USD+0.0059%1h2,738.3+0.025%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0062%1h2,738.5+0.032%$54.5M$187.6M40xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,738+0.015%$1.68B$10.59B100xas long as short
KuCoin ETHUSDTM+0.0073%8h2,738.3+0.023%$380.6M$573.4M100xas long as short
Aster ETHUSDT+0.0084%8h2,738.4+0.028%$253.2M$840.4M200xas long as short
Aevo ETH-PERP+0.0088%1h2,736.3−0.049%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,737.6−0.001%$1.56B$2.52B500xas long as short
Binance ETHUSDT+0.0091%8h2,737.6−0.001%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,738.7+0.040%$112.5M$431.3M50xas long as short
Lighter RH ETH+0.0096%1h2,740.3+0.096%$24.5M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.3+0.060%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,739.1+0.052%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,742.4+0.174%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9+0.010%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.5+0.033%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.5+0.105%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,739+0.050%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,737.8+0.005%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.7+0.039%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.9+0.046%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.114%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.6+0.034%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.2+0.019%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,738.5+0.030%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.121%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.081%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.010%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.098%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,740.7+0.112%$21.2M$69.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740+0.087%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,740.5+0.105%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.8+0.007%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,738.4+0.028%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,738.4+0.030%$266.1M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,739.5+0.069%—$843K50xas long as short
Extended ETH-USDlong+0.0104%1h2,737.6long leg$30.6M$72.3M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,740.3+0.099%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,740.1+0.091%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,739.2+0.057%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,741+0.124%$32.2M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,740.3+0.098%$260.0M$194.8M50xas long as short
BloFin ETH-USDTshort+0.0211%8h2,738.4+0.028%$285.5M$172.8M150x
Kraken Futures PF_ETHUSD+0.0222%1h2,739.4+0.066%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,738.2+0.020%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,740.3+0.099%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1989%1h2,739.3+0.062%$21K$20K25xas long as short