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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 03:05 UTC−0.0551%/8h= −60.3% APRpaid last 24h −0.051%
Price spread now: Perpl against Extended−0.027%7-day average +0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.027%, 7d avg +0.067%
Together, before fees+0.073%+ Points / potential airdropExtended: Active · Perpl: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Perpl is 0.094% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,740.50.0104pay 0.0013% / 1h54m 50s$30.6M$72.3M50x
ShortPerpl ETH2,739.8−0.0447pay 0.0040% / 43m25m 50s$300K$5.5M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$115.61
Price spread: −0.027% → +0.067%
−$9.38
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$143.79
Costs to cover
0.188%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; Perpl: 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, 4 min ago0.18 bp2.7 bp −$32.7 bp −$274.4 bp −$43711.5 bp −$5,754
Sell Perpl no order-book sample—————
Perpl: 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 ETHshort−0.0447%43m2,739.8−0.027%$300K$5.5M8.3x
Injective ETH/USDC PERP−0.0141%1h2,740.1−0.015%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742+0.054%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.7+0.007%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.019%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.8+0.010%$182K$834K50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,740.8+0.009%$25.4M—200xas long as short
Phoenix ETH+0.0017%1h2,739−0.055%$832K$2.9M25xas long as short
BingX ETH-USDT+0.0055%8h2,740.6+0.003%—$1.14B—as long as short
Bullet ETH-USD+0.0067%1h2,740−0.018%$181K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,740.8+0.011%$1.69B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,741.4+0.033%$381.1M$573.8M100xas long as short
SoDEX ETH-USD+0.0074%1h2,740.2−0.012%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,740.8+0.011%$253.5M$840.5M200xas long as short
MEXC ETH_USDT+0.0088%8h2,740.9+0.014%$1.56B$2.52B500xas long as short
Aevo ETH-PERP+0.0088%1h2,737.9−0.097%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,740.7+0.006%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,740.7+0.008%$112.5M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,742.1+0.056%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.018%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.3+0.029%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.150%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.3−0.008%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.3−0.009%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,743+0.091%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,740.9+0.014%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.7+0.005%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741+0.018%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.3+0.030%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.029%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1+0.022%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.3+0.030%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.8+0.011%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.016%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.9−0.204%$181.8M$664.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4−0.115%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.203%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,742+0.054%$21.2M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.5−0.001%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.3+0.029%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,742.2+0.060%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740−0.021%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,740.3−0.007%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8+0.009%$266.3M$65.2M150xas long as short
Extended ETH-USDlong+0.0104%1h2,740.5long leg$30.6M$72.3M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,742.2+0.062%$52.7M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,740.4−0.005%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,741.3+0.029%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,742.9+0.088%$32.3M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,741.9+0.051%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,740.1−0.016%$285.8M$175.4M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.027%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,739.1−0.053%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.7+0.080%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.3103%1h2,740.9+0.013%$21K$20K25xas long as short