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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: SoDEX against Katana Perps−0.011%7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.011%, 7d avg −0.014%
Together, before fees−0.048%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,782.50.0100pay 0.0100% / 8h48m 09s$479K$2.7M50x
ShortSoDEX ETH-USD2,782.20.0100get 0.0013% / 1h48m 09s$55.4M$229.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.04
Price spread: −0.011% → −0.014%
$0.31
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$11.44
Costs to cover
0.118%
Break-even
1823.4 days
Slippage unknown: Katana Perps: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.3 bp −$435.9 bp −$59430.7 bp −$15.4K
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−0.0447%43m2,783.5+0.037%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,782−0.019%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0110%1h2,783.3+0.029%$8.8M$32.8M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.50.000%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,781.8−0.025%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,782.7+0.007%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0013%1h2,782.9+0.015%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.1+0.058%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6+0.040%$887K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,782.9+0.013%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.6+0.003%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,782.5+0.001%$1.71B$11.93B100xas long as short
Phemex ETHUSDT+0.0022%8h2,782.3−0.008%$271.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,782.9+0.014%$12.9M—200xas long as short
Aster ETHUSDT+0.0037%8h2,782.2−0.009%$256.7M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,782.2−0.012%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0066%8h2,782.6+0.005%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0066%8h2,782.8+0.012%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0066%8h2,781.9−0.020%$6.45B$17.29B150xas long as short
Bullet ETH-USD+0.0069%1h2,782.1−0.014%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0072%8h2,782.4−0.002%$3.31B$9.60B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,783.6+0.040%$60.4M$4.62B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,782.1−0.015%$422.8M$739.9M100xas long as short
HTX ETH-USDT+0.0090%8h2,782.3−0.008%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,782.8+0.012%$2.52B$4.64B150xas long as short
Lighter ETH+0.0096%1h2,782.8+0.012%$116.3M$496.1M50xas long as short
Lighter RH ETH+0.0096%1h2,784.2+0.060%$25.4M$120.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,783+0.019%—$41.9M500xas long as short
Vest ETH-PERP+0.0097%1h2,782.4−0.002%—$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,783.8+0.048%$258.9M$222.9M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,782.1−0.013%$16.0M$10.3M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,782.5long leg$479K$2.7M50x
Nado ETH-PERP+0.0100%1h2,782.1−0.016%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,785.3+0.101%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.5+0.035%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782−0.018%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,783.4+0.032%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.061%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,782.50.000%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,782.7+0.006%$147.8M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,783.9+0.051%$182.2M$781.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,783.7+0.045%$161.9M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,782.2−0.011%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783.7+0.043%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,782.9+0.013%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,784.5+0.070%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,781.3−0.042%$975K$13.9M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,782.2−0.011%$55.4M$229.1M40x
Extended ETH-USD+0.0104%1h2,781.7−0.027%$32.7M$77.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,783.3+0.028%$87.0M$333.3M100xas long as short
Kalshi KXETHPERP+0.0123%8h2,783.1+0.022%$8.4M$682.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,784.9+0.084%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,781−0.056%$284.9M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,782.3−0.007%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,783.5+0.036%$271K$1.5M20xas long as short