Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Coinbase International against Katana Perps+0.274%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.274%, 7d avg +0.030%
Together, before fees−0.423%−$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.243% dearer against Katana Perps than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,738.50.0100pay 0.0100% / 8h5h 41m$467K$3.0M50x
ShortCoinbase International ETH-PERP-INTX2,7460.0096get 0.0012% / 1h41m 29s$59.0M$4.28B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$0.8
Price spread: +0.274% → +0.030%
$24.32
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$9.72
Costs to cover
0.138%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$506.9 bp −$69423.1 bp −$11.5K
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−0.0112%43m2,743.9+0.199%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740+0.055%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.168%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745+0.236%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,739.2+0.024%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745+0.236%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6+0.077%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,738.3−0.007%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,738.7+0.006%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0062%8h2,737.9−0.022%$1.70B$10.56B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,738.8+0.010%$383.2M$597.9M100xas long as short
RISEx ETH/USDC+0.0077%1h2,738.3−0.007%$5.6M$11.2M25xas long as short
Aster ETHUSDT+0.0081%8h2,739.1+0.023%$251.9M$841.2M200xas long as short
Aevo ETH-PERP+0.0088%1h2,741.7+0.117%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0089%8h2,738.1−0.013%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0089%8h2,738−0.020%$6.36B$15.71B150xas long as short
Bullet ETH-USD+0.0090%1h2,744.5+0.220%$183K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,739.2+0.026%$112.6M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,740.6+0.077%$24.6M$103.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.6+0.188%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0096%1h2,746+0.274%$59.0M$4.28B50x
HTX ETH-USDT+0.0096%8h2,744+0.201%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,741.5+0.111%$16.0M$8.0M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,738.5long leg$467K$3.0M50x
Nado ETH-PERP+0.0100%1h2,738.2−0.012%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,740.9+0.088%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,739.3+0.029%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.7+0.007%$2.45B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.4−0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,739.1+0.021%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.183%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.9+0.014%$3.39B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.6+0.003%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.3+0.176%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4+0.069%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.3+0.139%$182.2M$689.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.5+0.183%$159.5M$82.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,742.5+0.144%$8.9M$31.0M100xas long as short
StandX ETH-USD+0.0100%1h2,744.7+0.226%$21.2M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.2+0.063%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.8+0.267%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.5+0.219%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.294%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,743.9+0.197%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.8+0.230%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3+0.213%$267.0M$65.0M150xas long as short
Extended ETH-USD+0.0104%1h2,738.1−0.014%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,743.6+0.186%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0154%8h2,745+0.237%$7.7M$668.4M4.9xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,746.2+0.279%$258.8M$195.8M50xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,746.6+0.297%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0209%8h2,743+0.165%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.6+0.261%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,744.3+0.210%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.4+0.143%$249K$1.4M20xas long as short