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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Gate against Katana Perps−0.011%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.073%−$7 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.011%, 7d avg +0.034%
Together, before fees−0.009%−$1 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: Gate is 0.046% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,728.70.0100pay 0.0100% / 8h3h 13m$499K$3.4M50x
ShortGate ETH_USDT2,728.40.0100get 0.0100% / 8h3h 13m$3.33B$8.95B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Katana Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.04
Price spread: −0.011% → +0.034%
−$4.58
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$23.34
Costs to cover
0.188%
Break-even
3711.6 days
Slippage unknown: Katana Perps: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago0.02 bp7.5 bp −$87.5 bp −$7511.2 bp −$1,12518.2 bp −$9,100
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%43m2,728.6−0.005%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,730.2+0.055%$5K$1K50xas long as short
HTX ETH-USDT−0.0017%8h2,727.9−0.031%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.8+0.003%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,729+0.011%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,729.3+0.022%$6.2M$686.2M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,729.5+0.030%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,728.9+0.009%$28.0M—200xas long as short
BingX ETH-USDT+0.0027%8h2,728.3−0.015%—$1.14B—as long as short
Bullet ETH-USD+0.0031%1h2,728.4−0.012%$178K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,728.1−0.022%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,729+0.011%$187K$814K50xas long as short
SunX ETH-USDT+0.0062%8h2,727.6−0.040%$957K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,728.4−0.011%$377.3M$575.1M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,729.4+0.026%$258.6M$202.4M50xas long as short
OKX ETH-USDT-SWAP+0.0078%8h2,728.3−0.015%$1.67B$10.74B100xas long as short
Aevo ETH-PERP+0.0080%1h2,725.9−0.103%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,728.5−0.006%$250.8M$840.3M200xas long as short
Phemex ETHUSDT+0.0086%8h2,728.5−0.007%$264.4M$64.8M150xas long as short
Binance ETHUSDT+0.0087%8h2,728.3−0.013%$6.32B$15.94B150xas long as short
MEXC ETH_USDT+0.0087%8h2,728.3−0.015%$1.56B$2.58B500xas long as short
SoDEX ETH-USD+0.0088%1h2,728.3−0.015%$54.3M$187.8M40xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,731+0.084%$8.6M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,728.7−0.001%$112.3M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,729.9+0.045%$23.4M$104.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,729.3+0.023%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.077%$117K$22.5M52xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,728.7long leg$499K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,730.4+0.061%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.6−0.004%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.6+0.070%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.8+0.041%$31.9M$334.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729+0.011%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.4+0.027%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2−0.017%$169.5M$307.4M25xas long as short
Gate ETH_USDTshort+0.0100%8h2,728.4−0.011%$3.33B$8.95B200x
Bitget ETHUSDT+0.0100%8h2,728.3−0.016%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.2−0.020%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8+0.004%$134.7M$323.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,729.5+0.029%$183.6M$673.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730+0.049%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,730+0.048%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.5+0.029%—$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.1+0.051%$11.2M$9.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.3+0.020%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.1+0.053%$41.0M$29.9M15xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,730.4+0.062%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.4−0.048%$30.5M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,729.3+0.024%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,729.7+0.035%$50.5M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,729.1+0.015%$83.6M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,730.6+0.069%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0208%1h2,727.8−0.032%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,731.3+0.097%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0347%8h2,728.2−0.018%$282.3M$174.6M150xas long as short