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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+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: Katana Perps against Binance+0.011%7-day average −0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.025%+$3 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.011%, 7d avg −0.038%
Together, before fees−0.032%−$3 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 0.049% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,718.10.0091pay 0.0091% / 8h2h 31m$6.29B$16.06B150x
ShortKatana Perps ETH-USD2,718.40.0100get 0.0100% / 8h2h 31m$497K$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Binance. 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
$1.75
Price spread: +0.011% → −0.038%
$4.88
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$7.18
Costs to cover
0.138%
Break-even
35.7 days
Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5327.8 bp −$3,923
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%43m2,718.10.000%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.2+0.004%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,718.4+0.012%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.7+0.058%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,719.2+0.041%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,719.8+0.061%$30.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.125%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0010%1h2,719+0.033%$10.7M$42.0M50xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,719.7+0.059%$258.7M$206.2M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,719.2+0.041%$187K$789K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,717.6−0.018%—$18.5M—as long as short
Bybit ETHUSDT+0.0042%8h2,717.4−0.026%$2.35B$4.41B150xas long as short
ApeX Omni ETHUSDT+0.0069%1h2,717.6−0.020%$8.6M$31.3M100xas long as short
SunX ETH-USDT+0.0069%8h2,719.6+0.056%$953K$11.2M100xas long as short
Bullet ETH-USD+0.0070%1h2,719.1+0.037%$179K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,721.9+0.139%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0076%8h2,718.6+0.019%$374.4M$577.8M100xas long as short
Aster ETHUSDT+0.0084%8h2,718.6+0.017%$251.5M$843.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715.9−0.082%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0091%8h2,718.3+0.008%$1.56B$2.58B500xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,718−0.005%$1.66B$10.77B100xas long as short
Binance ETHUSDTlong+0.0091%8h2,718.1long leg$6.29B$16.06B150x
Phemex ETHUSDT+0.0095%8h2,719.1+0.036%$262.8M$64.3M150xas long as short
Lighter ETH+0.0096%1h2,718.9+0.028%$111.2M$432.7M50xas long as short
Lighter RH ETH+0.0096%1h2,720+0.071%$23.3M$103.2M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,718.4+0.011%$497K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,721+0.105%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,717.6−0.018%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,720.2+0.077%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,719.5+0.052%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.9−0.007%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,718.9+0.030%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719+0.032%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.5+0.014%$3.30B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,717.8−0.010%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718.6+0.019%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.189%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,717.4−0.026%$184.0M$676.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,718.3+0.009%$158.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,718−0.004%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.4+0.047%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,719.4+0.048%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719.7+0.059%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.9+0.065%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,718.7+0.022%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.6−0.020%$30.5M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.3+0.082%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,720.4+0.083%$49.7M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719+0.035%$5.5M$11.8M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,720+0.070%$6.5M$691.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,719.4+0.048%$82.7M$315.7M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,721.2+0.115%$32.0M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717.2−0.035%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.7+0.096%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0251%8h2,717.8−0.012%$281.2M$174.1M150xas long as short