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+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against Phemex+0.005%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on PhemexShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$3 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.005%, 7d avg +0.001%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,732.30.0090pay 0.0090% / 8h1h 08m$263.1M$64.5M150x
ShortBitget ETHUSDT2,732.40.0100get 0.0100% / 8h1h 08m$2.10B$2.77B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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
$2.04
Price spread: +0.005% → +0.001%
$0.41
Slippage, 4 orders
−$0.07
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.62
Costs to cover
0.241%
Break-even
81.2 days
Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 6 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 Phemex live order book, 6 min ago0.02 bp6.0 bp −$67.4 bp −$7412.6 bp −$1,25615.5 bp −$7,743
Sell Bitget live order book, 6 min ago0.02 bp6.0 bp −$66.1 bp −$617.7 bp −$7719.3 bp −$4,661

ETH on 54 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
Hotstuff ETH-PERP−0.0080%1h2,732−0.010%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.1+0.030%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8+0.020%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,733.1+0.030%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,732.4+0.003%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.4+0.005%$6.6M$683.3M4.9xas long as short
Perpl ETH0.0000%43m2,732−0.008%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.5+0.044%$262.6M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.8+0.020%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0012%1h2,731.7−0.022%$8.6M$31.5M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.2−0.003%$191K$889K50xas long as short
BingX ETH-USDC+0.0024%8h2,731.4−0.031%—$18.6M—as long as short
HTX ETH-USDT+0.0027%8h2,732.3+0.003%$1.05B$1.22B200xas long as short
Bybit ETHUSDT+0.0028%8h2,732.2−0.004%$2.34B$4.38B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,731.9−0.014%$379.4M$576.7M100xas long as short
SoDEX ETH-USD+0.0072%1h2,732.4+0.005%$54.4M$187.1M40xas long as short
OKX ETH-USDT-SWAP+0.0081%8h2,732.3−0.001%$1.65B$10.87B100xas long as short
Aster ETHUSDT+0.0083%8h2,732.3+0.002%$253.1M$846.8M200xas long as short
Bullet ETH-USD+0.0089%1h2,732.6+0.011%$189K$1.7M20xas long as short
Phemex ETHUSDTlong+0.0090%8h2,732.3long leg$263.1M$64.5M150x
MEXC ETH_USDT+0.0095%8h2,732.5+0.009%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.6+0.011%$6.33B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,732.2−0.002%$112.8M$438.8M50xas long as short
Lighter RH ETH+0.0096%1h2,733.3+0.038%$23.5M$103.4M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.092%$4.9M$171K20xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,733.2+0.033%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.4−0.032%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.6+0.159%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.031%$14.1M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.2+0.071%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.5+0.009%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.6−0.025%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.4+0.005%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8−0.017%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.6+0.011%$3.31B$9.04B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,732.4+0.005%$2.10B$2.77B150x
Backpack ETH_USDC_PERP+0.0100%1h2,732.4+0.003%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,731.2−0.039%$134.1M$321.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.2−0.004%$185.8M$682.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732−0.009%$158.8M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733+0.027%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.7+0.051%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.049%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.8+0.019%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,732.2−0.004%$959K$10.9M100xas long as short
Extended ETH-USD+0.0104%1h2,731.5−0.027%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.2−0.001%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.7+0.051%$46.6M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.3+0.002%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,733+0.027%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.8+0.091%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,731.5−0.027%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,733+0.026%$82.2M$309.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,732.4+0.006%$281.0M$175.4M150xas long as short