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+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.012%
Price spread now: Binance against OKX+0.035%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 7 days−0.042%−$4 · spread now +0.035%, 7d avg +0.004%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,765.60.0028pay 0.0028% / 8h7h 19m$1.71B$11.11B100x
ShortBinance ETHUSDT2,766.60.0060get 0.0060% / 8h7h 19m$6.47B$16.25B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$6.69
Price spread: +0.035% → +0.004%
$3.01
Slippage, 4 orders
−$0.29
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$10.58
Costs to cover
0.203%
Break-even
18.1 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5787.8 bp −$3,911
Sell Binance live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5739.1 bp −$4,531

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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.409%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7+0.040%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.053%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.058%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1+0.054%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.231%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8+0.080%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.058%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7+0.040%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAPlong+0.0028%8h2,765.6long leg$1.71B$11.11B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0032%1h2,768.2+0.094%$55.1M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,768.7+0.111%$12.7M—200xas long as short
Aster ETHUSDT+0.0047%8h2,766.5+0.032%$255.8M$885.0M200xas long as short
Gate ETH_USDT+0.0056%8h2,767.1+0.055%$3.37B$9.05B200xas long as short
MEXC ETH_USDT+0.0059%8h2,767.5+0.067%$1.61B$2.65B500xas long as short
Binance ETHUSDTshort+0.0060%8h2,766.6+0.035%$6.47B$16.25B150x
Aevo ETH-PERP+0.0064%1h2,768.2+0.093%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.1+0.199%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,767.9+0.082%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.4+0.136%$60.3M$4.42B50xas long as short
Phemex ETHUSDT+0.0081%8h2,768.3+0.097%$269.4M$67.4M150xas long as short
Vest ETH-PERP+0.0082%1h2,767.8+0.080%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,766.9+0.048%$420.4M$619.7M100xas long as short
Lighter ETH+0.0096%1h2,766.5+0.034%$114.8M$458.5M50xas long as short
Lighter RH ETH+0.0096%1h2,768.1+0.090%$25.6M$111.7M50xas long as short
Deribit ETH-PERPETUAL+0.0097%1h2,769.7+0.148%$259.1M$204.6M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.094%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1+0.125%$15.9M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,766.9+0.047%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,766.1+0.016%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.2+0.166%$3.17B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6+0.072%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,765.9+0.009%$2.51B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1+0.018%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.3+0.061%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.262%$170.3M$276.6M25xas long as short
BingX ETH-USDT+0.0100%8h2,766.8+0.044%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,767.6+0.071%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.107%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.091%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.115%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8+0.080%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6+0.072%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.135%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.4+0.173%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.3+0.061%$970K$13.1M100xas long as short
HTX ETH-USDT+0.0100%8h2,768+0.088%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,766+0.016%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.124%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,768.8+0.116%$8.0M$679.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.6+0.145%$96.0M$318.8M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.133%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6+0.110%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,768.7+0.112%$287.1M$181.1M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6+0.073%$7.3M$1.1M25xas long as short