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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 01:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.026%
Price spread now: Hibachi against Vest+0.018%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on VestShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.037%−$4 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.018%, 7d avg +0.012%
Together, before fees−0.050%+ Points / potential airdropVest: Active · Hibachi: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,773.90.0085pay 0.0011% / 1h9m 08s—$876K50x
ShortHibachi ETH/USDT-P2,774.40.0160get 0.0020% / 1h9m 08s$253K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$15.76
Price spread: +0.018% → +0.012%
$0.54
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$5.3
Costs to cover
0.110%
Break-even
4.6 days
Slippage unknown: Vest: no order-book sample; Hibachi: live order book, 5 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 Hibachi live order book, 5 min ago0.69 bp7.8 bp −$814.6 bp −$146doesn'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
Injective ETH/USDC PERP−0.0752%1h2,773.8−0.004%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,774.1+0.005%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,773.8−0.006%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.6+0.025%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,774+0.003%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.8−0.112%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,774.7+0.028%$12.3M$42.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.2−0.025%$22.4M—200xas long as short
Phemex ETHUSDT+0.0006%8h2,772.4−0.054%$269.8M$65.9M150xas long as short
Bullet ETH-USD+0.0015%1h2,772.8−0.040%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0031%8h2,771.7−0.081%$1.71B$10.97B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,773.2−0.025%$12.7M—200xas long as short
SoDEX ETH-USD+0.0045%1h2,771.8−0.076%$55.2M$187.7M40xas long as short
Aster ETHUSDT+0.0051%8h2,772.2−0.062%$256.4M$861.4M200xas long as short
Aevo ETH-PERP+0.0056%1h2,770.8−0.114%$5.0M$156K20xas long as short
MEXC ETH_USDT+0.0059%8h2,772−0.068%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.1−0.065%$6.48B$16.06B150xas long as short
Aftermath Perps ETHUSD+0.0072%1h2,771.4−0.089%$31K$21K20xas long as short
HTX ETH-USDT+0.0077%8h2,771.9−0.073%$1.08B$1.23B200xas long as short
Bitget ETHUSDT+0.0079%8h2,772.7−0.042%$2.10B$2.82B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,773.3−0.022%$60.4M$4.40B50xas long as short
Gate ETH_USDT+0.0084%8h2,772.5−0.049%$3.38B$9.10B200xas long as short
Vest ETH-PERPlong+0.0085%1h2,773.9long leg—$876K50x
ApeX Omni ETHUSDT+0.0089%1h2,769−0.177%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0089%8h2,772.7−0.044%$420.9M$594.3M100xas long as short
Lighter ETH+0.0096%1h2,772.7−0.045%$115.2M$460.2M50xas long as short
Lighter RH ETH+0.0096%1h2,774.1+0.008%$25.6M$112.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,778.6+0.169%$16.0M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.6−0.011%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.8−0.005%$14.6M$112.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6+0.025%$3.17B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,774.6+0.025%$31.4M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.9−0.074%$2.51B$4.27B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.2+0.010%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.029%$2.8M$16.7M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.374%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,772−0.070%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.3−0.060%$15.2M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,769.2−0.171%$134.1M$347.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.6−0.193%$183.7M$750.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4−0.091%$161.1M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,771.1−0.101%$21.4M$64.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5−0.015%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,773.3−0.023%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.2+0.011%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.3−0.057%$972K$12.8M100xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.080%$30.9M$74.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.9−0.001%—$36.0M500xas long as short
Kalshi KXETHPERP+0.0116%8h2,774.8+0.032%$8.2M$673.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.4−0.018%$98.0M$314.3M100xas long as short
Orderly PERP_ETH_USDC+0.0157%8h2,775.1+0.041%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-Pshort+0.0160%1h2,774.4+0.018%$253K$1.5M20x
Deribit ETH-PERPETUAL+0.0168%1h2,773.5−0.014%$259.1M$201.6M50xas long as short
BloFin ETH-USDT+0.0180%8h2,771.6−0.085%$288.0M$175.4M150xas long as short
Reya ETHRUSDPERP+0.0214%1h2,772.7−0.043%$7.3M$1.1M25xas long as short