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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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.

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 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Bluefin against Extended+0.107%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.107% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,770.90.0104pay 0.0013% / 1h28m 35s$32.7M$78.0M50x
ShortBluefin ETH-PERP2,773.90.0100get 0.0013% / 1h28m 35s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
−$0.84
Price spread: +0.107% → 0.000%
$10.71
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$2.13
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 6 min ago; Bluefin: 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 Extended live order book, 6 min ago0.18 bp2.7 bp −$32.7 bp −$273.4 bp −$33710.4 bp −$5,216
Sell Bluefin no order-book sample—————
Bluefin: 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−0.0223%43m2,773.3+0.086%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,771.6+0.023%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.396%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1+0.079%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,774.2+0.118%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,772.2+0.046%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,773.2+0.082%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,775.6+0.169%$878K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.2+0.082%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0014%1h2,775.6+0.170%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,771.1+0.005%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,771.5+0.021%$1.70B$11.86B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,773.1+0.078%$12.9M—200xas long as short
Aster ETHUSDT+0.0032%8h2,772+0.038%$256.3M$1.00B200xas long as short
Phemex ETHUSDT+0.0033%8h2,772.7+0.065%$270.3M$69.0M150xas long as short
SoDEX ETH-USD+0.0041%1h2,772.7+0.064%$55.2M$229.1M40xas long as short
Bullet ETH-USD+0.0049%1h2,772.3+0.051%$183K$1.7M20xas long as short
MEXC ETH_USDT+0.0060%8h2,771.8+0.030%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,771.8+0.030%$6.45B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,770.3−0.022%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0066%8h2,771.5+0.020%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,771.6+0.024%$3.29B$9.65B200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,772+0.039%$420.8M$739.5M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,774+0.111%$59.9M$4.59B50xas long as short
Bybit ETHUSDT+0.0091%8h2,771.6+0.023%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0095%1h2,773.1+0.077%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,773+0.075%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,772.7+0.062%$115.9M$497.7M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.111%$25.3M$121.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.6+0.095%—$42.0M500xas long as short
Deribit ETH-PERPETUAL+0.0096%1h2,774.5+0.128%$259.0M$222.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.1+0.007%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.7+0.028%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.5+0.055%$14.3M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.126%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,772.4+0.052%$31.3M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.6+0.024%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.7+0.062%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.071%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5+0.057%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,773.3+0.085%$147.8M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,773.6+0.096%$182.1M$784.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.1+0.115%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,772.9+0.071%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773+0.075%$10.7M$8.0M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,773.9+0.107%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,775.7+0.174%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.8+0.033%$972K$13.9M100xas long as short
Extended ETH-USDlong+0.0104%1h2,770.9long leg$32.7M$78.0M50x
Kalshi KXETHPERP+0.0116%8h2,773.4+0.089%$8.3M$685.5M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,773.8+0.102%$86.5M$333.6M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,775.9+0.180%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,772.3+0.049%$286.4M$194.0M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,772.3+0.050%$7.4M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,774.5+0.130%$252K$1.6M20xas long as short