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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.006%
Price spread now: Bullet against Vest−0.068%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.029%−$3 on $10k
Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.068%, 7d avg −0.025%
Together, before fees+0.035%+ Points / potential airdropVest: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bullet is 0.044% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,773.30.0100pay 0.0013% / 1h53m 25s—$1.1M50x
ShortBullet ETH-USD2,771.40.0045get 0.0006% / 1h53m 25s$182K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Vest. 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
−$11.47
Price spread: −0.068% → −0.025%
−$4.38
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$25.85
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Bullet: live order book, 1 min ago. 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 Vest no order-book sample—————
Sell Bullet live order book, 1 min ago0.18 bp5.1 bp −$58.8 bp −$88doesn't fitdoesn't fit
Vest: 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%43m2,772.5−0.028%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2−0.039%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.051%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.8+0.018%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6−0.025%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.3+0.035%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.083%$886K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,772.8−0.016%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.3+0.035%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,772.2−0.039%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,772−0.046%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0023%8h2,773.2−0.005%$267.2M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.4+0.038%$13.2M—200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.102%$276K$1.5M20xas long as short
Aster ETHUSDT+0.0033%8h2,773.6+0.010%$256.5M$993.6M200xas long as short
Nado ETH-PERP+0.0038%1h2,772.5−0.029%$14.3M$118.9M50xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,774.9+0.057%$258.4M$225.0M50xas long as short
Bullet ETH-USDshort+0.0045%1h2,771.4−0.068%$182K$1.8M20x
Binance ETHUSDT+0.0054%8h2,772.7−0.023%$6.43B$17.19B150xas long as short
MEXC ETH_USDT+0.0054%8h2,772.8−0.017%$1.61B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2−0.039%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,771.5−0.064%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,773−0.012%$3.29B$9.54B200xas long as short
SoDEX ETH-USD+0.0092%1h2,773.2−0.003%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,773.3+0.001%$115.0M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.052%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.127%—$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.041%$135.2M$326.5M—as long as short
HTX ETH-USDT+0.0098%8h2,773.5+0.006%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.8−0.017%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9−0.014%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.7+0.051%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.30.000%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.6−0.024%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5−0.029%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.033%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.084%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773.1−0.006%$424.1M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.2−0.005%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.032%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.102%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.108%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.079%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.007%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.051%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.8+0.091%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9+0.059%$972K$14.1M100xas long as short
Vest ETH-PERPlong+0.0100%1h2,773.3long leg—$1.1M50x
Extended ETH-USD+0.0104%1h2,771.7−0.056%$31.4M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.043%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.126%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.104%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.028%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.086%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.064%$7.3M$1.1M25xas long as short