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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against Paradex+0.108%7-day average −0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days−0.198%−$20 · spread now +0.108%, 7d avg −0.088%
Together, before fees−0.197%+ Points / potential airdropParadex: Active · farm board−$20 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: Katana Perps is 0.196% dearer against Paradex than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,783.70.0099pay 0.0099% / 8h52m 53s$16.0M$10.5M50x
ShortKatana Perps ETH-USD2,786.70.0100get 0.0100% / 8h52m 53s$479K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Paradex. 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
$0.15
Price spread: +0.108% → −0.088%
$19.58
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$11.93
Costs to cover
0.078%
Break-even
from the start
Slippage unknown: Paradex: live order book, 1 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 Paradex live order book, 1 min ago67.80 bp69.8 bp −$7075.0 bp −$750doesn't fitdoesn't fit
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%43m2,787+0.119%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,786.9+0.113%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0131%1h2,779.8−0.140%$8.8M$32.7M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.043%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.2+0.018%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,787.3+0.129%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,781.3−0.087%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.8+0.039%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785+0.046%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,786.3+0.092%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,783.7−0.001%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,784.4+0.023%$1.71B$11.92B100xas long as short
Phemex ETHUSDT+0.0025%8h2,785.9+0.078%$271.4M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,786.4+0.098%$13.0M—200xas long as short
Aster ETHUSDT+0.0038%8h2,785.5+0.065%$255.3M$1.00B200xas long as short
Bullet ETH-USD+0.0054%1h2,785.9+0.079%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0064%8h2,784.1+0.016%$1.60B$2.63B500xas long as short
Aevo ETH-PERP+0.0064%1h2,786+0.081%$5.1M$636K20xas long as short
Nado ETH-PERP+0.0064%1h2,786.3+0.092%$14.4M$118.2M50xas long as short
Binance ETHUSDT+0.0065%8h2,784.2+0.018%$6.46B$17.26B150xas long as short
Bitget ETHUSDT+0.0065%8h2,784.3+0.020%$2.11B$3.11B150xas long as short
Gate ETH_USDT+0.0071%8h2,784.3+0.020%$3.31B$9.58B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,787.3+0.128%$60.3M$4.62B50xas long as short
HTX ETH-USDT+0.0090%8h2,785.8+0.076%$1.08B$1.32B200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,784+0.011%$424.4M$739.3M100xas long as short
Bybit ETHUSDT+0.0090%8h2,784.1+0.015%$2.52B$4.63B150xas long as short
Vest ETH-PERP+0.0095%1h2,786.3+0.095%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,786.2+0.090%$116.4M$495.3M50xas long as short
Lighter RH ETH+0.0096%1h2,787.5+0.136%$25.4M$120.6M50xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,783.7long leg$16.0M$10.5M50x
Katana Perps ETH-USDshort+0.0100%8h2,786.7+0.108%$479K$2.7M50x
Hyperliquid ETH+0.0100%1h2,788.4+0.169%$3.20B$2.34B25xas long as short
Pacifica ETH+0.0100%1h2,785.8+0.075%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,786.2+0.090%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,788.3+0.164%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9−0.207%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,785.8+0.074%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,781.4−0.082%$147.6M$336.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.4−0.049%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1+0.014%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.011%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,787.8+0.147%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,786.2+0.091%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,787.4+0.131%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,786.2+0.090%$977K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,785.8+0.075%$55.5M$229.0M40xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,786.9+0.114%$258.9M$222.7M50xas long as short
Extended ETH-USD+0.0104%1h2,783.4−0.010%$32.7M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,786.8+0.112%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,787+0.117%$86.9M$332.7M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,786.3+0.093%$8.4M$681.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,788+0.155%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,785.9+0.077%$285.4M$195.4M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,786.4+0.098%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,785.1+0.048%$271K$1.5M20xas long as short