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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 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against SunX+0.022%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.019%+$2 on $10k
Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.022%, 7d avg +0.020%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,766.30.0100pay 0.0100% / 8h7h 18m$969K$13.1M100x
ShortKatana Perps ETH-USD2,766.90.0100get 0.0100% / 8h7h 18m$488K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against SunX. 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
−$0.04
Price spread: +0.022% → +0.020%
$0.16
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$11.68
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago2.96 bp15.8 bp −$1635.7 bp −$35739.9 bp −$3,99543.1 bp −$21.6K
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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.384%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,766.7+0.015%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,767.1+0.028%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.033%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,767.1+0.029%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,772+0.206%$873K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,767.8+0.055%$12.2M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2+0.033%$22.4M—200xas long as short
Bullet ETH-USD+0.0019%1h2,766.7+0.015%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,764−0.083%$1.70B$11.12B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0028%1h2,763.7−0.094%$55.0M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,767.4+0.039%$12.7M—200xas long as short
Aster ETHUSDT+0.0047%8h2,763.3−0.110%$255.9M$886.2M200xas long as short
Gate ETH_USDT+0.0056%8h2,763.7−0.094%$3.38B$9.05B200xas long as short
Aevo ETH-PERP+0.0056%1h2,764.6−0.063%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0059%8h2,763−0.118%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,763.2−0.111%$6.46B$16.26B150xas long as short
Deribit ETH-PERPETUAL+0.0061%1h2,765.2−0.039%$259.1M$204.5M50xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.1+0.174%$31K$21K20xas long as short
Bitget ETHUSDT+0.0075%8h2,764−0.082%$2.09B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,765−0.048%$60.2M$4.41B50xas long as short
Vest ETH-PERP+0.0082%1h2,767.8+0.055%—$876K50xas long as short
KuCoin ETHUSDTM+0.0085%8h2,763.9−0.086%$419.9M$619.4M100xas long as short
HTX ETH-USDT+0.0088%8h2,762.4−0.142%$1.07B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,763.9−0.087%$114.7M$458.7M50xas long as short
Lighter RH ETH+0.0096%1h2,765.5−0.027%$25.5M$111.7M50xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,768.2+0.069%$8.7M$32.1M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1+0.100%$15.9M$8.6M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,766.9+0.022%$488K$2.7M50x
Nado ETH-PERP+0.0100%1h2,766.1−0.009%$14.6M$113.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.30.000%$3.16B$2.18B25xas long as short
Pacifica ETH+0.0100%1h2,767.6+0.047%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,764.1−0.078%$2.51B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.1−0.007%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.3+0.037%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8+0.237%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,763.4−0.105%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,763.7−0.095%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5+0.082%$137.0M$344.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.1+0.066%$181.7M$785.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.8+0.090%$161.1M$85.1M50xas long as short
StandX ETH-USD+0.0100%1h2,767.8+0.055%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.6+0.047%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.4+0.004%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.1+0.029%$42.5M$28.9M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,766.3long leg$969K$13.1M100x
Phemex ETHUSDT+0.0100%8h2,763.8−0.090%$269.0M$67.4M150xas long as short
Extended ETH-USD+0.0104%1h2,762.5−0.136%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769+0.099%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0109%8h2,767.4+0.040%$8.1M$678.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,765.4−0.031%$97.7M$320.7M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,769.3+0.108%$252K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0154%8h2,768.6+0.085%$32.6M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,763.6−0.099%$287.3M$178.3M150xas long as short
Reya ETHRUSDPERP+0.0213%1h2,767.6+0.048%$7.3M$1.1M25xas long as short