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 08:00 UTC+0.0245%/8h= +26.8% APRnext payment +$2.45 per $10,000 · paid last 24h +0.029%
Price spread now: BloFin against Katana Perps+0.055%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.104%+$10 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.055%, 7d avg −0.006%
Together, before fees−0.030%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.061% dearer against Katana Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,726.20.0100pay 0.0100% / 8h3h 09m$497K$3.4M50x
ShortBloFin ETH-USDT2,727.70.0345get 0.0345% / 8h3h 09m$282.2M$174.7M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Katana Perps. 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
$51.48
Price spread: +0.055% → −0.006%
$6.09
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$41.77
Costs to cover
0.158%
Break-even
1.3 days
Slippage unknown: Katana Perps: no order-book sample; BloFin: live order book, 4 min ago. 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 Katana Perps no order-book sample—————
Sell BloFin live order book, 4 min ago0.04 bp6.0 bp −$66.0 bp −$606.8 bp −$6789.1 bp −$4,548
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
Perpl ETH−0.0335%43m2,726−0.008%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728+0.066%$5K$1K50xas long as short
HTX ETH-USDT−0.0018%8h2,726−0.007%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.6+0.016%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729+0.103%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,727.3+0.040%$6.2M$686.0M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,728.1+0.071%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.022%$28.0M—200xas long as short
BingX ETH-USDT+0.0028%8h2,726.8+0.023%—$1.14B—as long as short
Bullet ETH-USD+0.0035%1h2,726.3+0.003%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,726.6+0.014%$2.36B$4.39B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.040%$186K$814K50xas long as short
SunX ETH-USDT+0.0059%8h2,725.6−0.023%$954K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,727+0.029%$377.6M$575.0M100xas long as short
Aster ETHUSDT+0.0079%8h2,727+0.030%$250.6M$842.3M200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,726.9+0.026%$1.67B$10.73B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.082%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0085%8h2,726.8+0.022%$6.32B$15.94B150xas long as short
MEXC ETH_USDT+0.0086%8h2,727+0.029%$1.56B$2.58B500xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.067%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0089%1h2,726.6+0.015%$54.3M$187.8M40xas long as short
Phemex ETHUSDT+0.0089%8h2,726.6+0.015%$264.2M$64.7M150xas long as short
Lighter ETH+0.0096%1h2,727.1+0.033%$112.3M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.080%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,727.3+0.040%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.169%$117K$22.5M52xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,726.2long leg$497K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,728.4+0.082%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.2+0.038%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.8+0.095%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.5+0.047%$31.8M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.7+0.018%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.1+0.033%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.074%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.6+0.016%$3.33B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.9+0.025%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.20.000%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.029%$134.7M$322.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.070%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.094%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728+0.066%$21.0M$71.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.6+0.051%—$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.9+0.062%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.037%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.071%$40.9M$29.9M15xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.3+0.113%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728+0.067%$258.4M$202.7M50xas long as short
Extended ETH-USD+0.0104%1h2,726.1−0.004%$30.6M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,726.9+0.026%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.9+0.061%$50.5M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.5+0.047%$83.5M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,728.8+0.094%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.5−0.024%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.7+0.091%$247K$1.4M20xas long as short
BloFin ETH-USDTshort+0.0345%8h2,727.7+0.055%$282.2M$174.7M150x