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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+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.019%
Price spread now: Katana Perps against OKX+0.018%7-day average −0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.050%+$5 on $10k
Price spread, last 7 days−0.067%−$7 · spread now +0.018%, 7d avg −0.032%
Together, before fees−0.017%−$2 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 Katana Perps is 0.051% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,722.70.0077pay 0.0077% / 8h1m 43s$1.65B$10.73B100x
ShortKatana Perps ETH-USD2,723.20.0100get 0.0100% / 8h1m 43s$499K$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$4.84
Price spread: +0.018% → −0.032%
$5.05
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$3.9
Costs to cover
0.138%
Break-even
12.6 days
Slippage unknown: OKX: live order book, 2 min ago; Katana Perps: no order-book sample. 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 OKX live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5697.8 bp −$3,875
Sell Katana Perps no order-book sample—————
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%43m2,723.6+0.033%$274K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724+0.048%$5K$1K50xas long as short
BloFin ETH-USDT−0.0035%8h2,722.6−0.004%$280.9M$177.5M150xas long as short
Phoenix ETH−0.0015%1h2,723.3+0.022%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.6+0.033%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,723.5+0.028%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,724.2+0.055%$6.6M$673.3M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724+0.048%$264.5M$215.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.8+0.039%$32.9M—200xas long as short
BingX ETH-USDC+0.0018%8h2,722.5−0.006%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,722.6−0.003%$2.31B$4.31B150xas long as short
HTX ETH-USDT+0.0036%8h2,722.8+0.004%$1.05B$1.21B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,724.8+0.077%$189K$883K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,727.9+0.191%$235K$22.4M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,724+0.049%$82.0M$310.2M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,724+0.049%$239K$1.4M20xas long as short
ApeX Omni ETHUSDT+0.0075%1h2,723.5+0.029%$8.4M$31.3M100xas long as short
OKX ETH-USDT-SWAPlong+0.0077%8h2,722.7long leg$1.65B$10.73B100x
KuCoin ETHUSDTM+0.0081%8h2,722.9+0.007%$382.9M$575.5M100xas long as short
Aster ETHUSDT+0.0083%8h2,722.9+0.006%$251.8M$850.6M200xas long as short
MEXC ETH_USDT+0.0093%8h2,722.6−0.003%$1.58B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,722.5−0.006%$6.30B$16.07B150xas long as short
Aftermath Perps ETHUSD+0.0095%1h2,723.9+0.045%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,723.4+0.025%$112.1M$433.7M50xas long as short
Lighter RH ETH+0.0096%1h2,724.6+0.070%$23.3M$102.8M50xas long as short
Aevo ETH-PERP+0.0096%1h2,721−0.063%$4.9M$189K20xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,723.2+0.018%$499K$3.6M50x
Paradex ETH-USD-PERP+0.0100%8h2,727.4+0.172%$15.4M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,724+0.048%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,725.1+0.088%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,723.6+0.035%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,722.8+0.004%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,723.4+0.025%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,722.9+0.008%$3.31B$8.96B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.2+0.019%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,723.3+0.022%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.5−0.007%$133.2M$316.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,722.2−0.020%$185.2M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.2+0.018%$158.2M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,722.8+0.004%$20.9M$69.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.4+0.100%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.2+0.092%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,722.9+0.007%$180K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,724.2+0.055%$40.6M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.2+0.018%$955K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,723.2+0.018%$54.2M$182.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,723.5+0.031%$262.4M$64.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,722.9+0.006%$160.5M$349.9M25xas long as short
Extended ETH-USD+0.0104%1h2,722.5−0.009%$30.4M$71.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,723.4+0.025%—$30.1M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,724.8+0.076%$46.7M$4.25B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724+0.047%$5.6M$11.6M25xas long as short
Bluefin ETH-PERP+0.0149%1h2,723.9+0.044%$20K$23K25xas long as short
Reya ETHRUSDPERP+0.0177%1h2,722.6−0.003%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,725.9+0.116%$32.1M$11.3M100xas long as short