Settings8H · net · $10k
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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 23:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.019%
Price spread now: Bullet against Injective+0.087%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$720.720% of the position
Long on InjectiveShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.087%, 7d avg −0.068%
Together, before fees+0.065%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bullet is 0.155% dearer against Injective than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,773.8−0.0041get 0.0005% / 1h55m 12s$119K$22.5M52x
ShortBullet ETH-USD2,776.20.0049get 0.0006% / 1h55m 12s$183K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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
$18.94
Price spread: +0.087% → −0.068%
$15.51
Slippage, 4 orders
−$64
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$37.58
Costs to cover
0.720%
Break-even
20.9 days
Slippage from Injective: live order book, 4 min ago; Bullet: live order book, 4 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 Injective live order book, 4 min ago11.17 bp11.2 bp −$1111.2 bp −$11211.2 bp −$1,11813263.7 bp −$6.63M
Sell Bullet live order book, 4 min ago0.54 bp6.6 bp −$79.0 bp −$90doesn't fitdoesn't fit

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%43m2,776+0.081%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.1+0.046%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,775.3+0.054%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,777.3+0.126%$169K$1.2M50xas long as short
Injective ETH/USDC PERPlong−0.0041%1h2,773.8long leg$119K$22.5M52x
Phoenix ETH−0.0023%1h2,775.6+0.065%$886K$3.7M25xas long as short
Nado ETH-PERP−0.0011%1h2,776.7+0.105%$14.3M$118.9M50xas long as short
dYdX ETH-USD0.0000%1h2,775.6+0.065%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.9+0.110%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.1−0.060%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P+0.0016%1h2,774.8+0.035%$279K$1.5M20xas long as short
BingX ETH-USDT+0.0018%8h2,776.1+0.083%—$1.19B—as long as short
OKX ETH-USDT-SWAP+0.0022%8h2,775.9+0.076%$1.71B$11.89B100xas long as short
Phemex ETHUSDT+0.0024%8h2,776.4+0.092%$267.4M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.9+0.112%$13.2M—200xas long as short
Aster ETHUSDT+0.0033%8h2,776.1+0.084%$256.7M$993.7M200xas long as short
Bullet ETH-USDshort+0.0049%1h2,776.2+0.087%$183K$1.8M20x
MEXC ETH_USDT+0.0052%8h2,776.6+0.102%$1.60B$2.63B500xas long as short
Binance ETHUSDT+0.0053%8h2,776.5+0.096%$6.44B$17.20B150xas long as short
Aevo ETH-PERP+0.0056%1h2,776.9+0.112%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,776.1+0.081%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,776.2+0.085%$3.29B$9.53B200xas long as short
Deribit ETH-PERPETUAL+0.0081%1h2,776.9+0.112%$258.4M$225.0M50xas long as short
Lighter ETH+0.0096%1h2,776.6+0.100%$115.2M$494.5M50xas long as short
Lighter RH ETH+0.0096%1h2,777.9+0.148%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.1+0.011%—$41.8M500xas long as short
HTX ETH-USDT+0.0098%8h2,775.7+0.069%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.060%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,775+0.044%$15.9M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.8+0.072%$482K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.6+0.173%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,775.4+0.057%$31.3M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.1+0.081%$2.52B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.3+0.018%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.8+0.107%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.103%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.4+0.094%$424.6M$740.2M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.8+0.107%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,768.2−0.203%$179.4M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.8−0.109%$161.2M$96.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,767.8−0.215%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,769.7−0.148%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.2+0.088%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.166%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.5+0.097%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.6+0.137%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.4+0.059%$972K$14.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,775.4+0.058%$55.3M$228.6M40xas long as short
Extended ETH-USD+0.0104%1h2,774.9+0.038%$31.5M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777+0.115%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,775.1+0.047%$8.7M$673.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,778.3+0.163%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,776.8+0.109%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.067%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,777.1+0.119%$7.4M$1.1M25xas long as short