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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 UTC+0.0152%/8h= +16.6% APRnext payment +$1.52 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against OKX−0.061%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on OKXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.225%+$23 on $10k
Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.061%, 7d avg +0.009%
Together, before fees+0.182%+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.070% cheaper against OKX than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.009%). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,772.50.0022pay 0.0022% / 8h1h 52m$1.71B$11.86B100x
ShortBloFin ETH-USDT2,770.80.0174get 0.0174% / 8h1h 52m$286.0M$194.9M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$31.93
Price spread: −0.061% → +0.009%
−$7
Slippage, 4 orders
−$0.66
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$2.27
Costs to cover
0.227%
Break-even
6.5 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago0.02 bp5.6 bp −$66.3 bp −$637.1 bp −$7088.7 bp −$4,360
Sell BloFin live order book, 7 min ago0.02 bp6.0 bp −$66.0 bp −$606.5 bp −$6478.7 bp −$4,333

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%43m2,772.5+0.001%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.5+0.001%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.6+0.004%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.2+0.025%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.1+0.022%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,773+0.018%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.112%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3−0.007%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.9+0.015%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,772.4−0.003%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPlong+0.0022%8h2,772.5long leg$1.71B$11.86B100x
Phemex ETHUSDT+0.0025%8h2,770.8−0.062%$266.9M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2−0.011%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,772.7+0.006%$256.4M$993.6M200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.131%$276K$1.5M20xas long as short
Nado ETH-PERP+0.0041%1h2,772.1−0.016%$14.3M$118.8M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4−0.040%$182K$1.8M20xas long as short
MEXC ETH_USDT+0.0053%8h2,772−0.017%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,772.7+0.008%$6.43B$17.20B150xas long as short
Aevo ETH-PERP+0.0056%1h2,769.6−0.105%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.7+0.007%$258.4M$224.9M50xas long as short
SoDEX ETH-USD+0.0074%1h2,770.8−0.061%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,772.4−0.004%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0082%8h2,772.1−0.013%$3.29B$9.54B200xas long as short
Lighter ETH+0.0096%1h2,772.8+0.010%$115.0M$495.7M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.053%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.5+0.035%—$41.7M500xas long as short
HTX ETH-USDT+0.0098%8h2,771.1−0.050%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.013%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.7−0.028%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.8+0.011%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.1+0.058%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772.4−0.002%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.7+0.006%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.5−0.036%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.3+0.065%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.056%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772−0.017%$424.0M$740.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771−0.056%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.060%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.131%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.137%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,773.7+0.043%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.1+0.023%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.036%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772−0.018%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.026%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,772−0.020%$973K$14.1M100xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.031%$31.4M$75.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.3−0.007%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,774+0.054%$8.6M$673.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,774+0.056%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.9−0.020%$86.1M$331.6M100xas long as short
BloFin ETH-USDTshort+0.0174%8h2,770.8−0.061%$286.0M$194.9M150x
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.035%$7.3M$1.1M25xas long as short