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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 23:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.005%
Price spread now: Ondo Perps against Binance−0.034%46s7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 7 days−0.121%−$12 · spread now −0.034%, 7d avg −0.020%
Together, before fees−0.027%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,777.10.0065pay 0.0065% / 8h1h 18m$6.44B$17.20B150x
ShortOndo Perps ETH-USD.P2,776.10.0100get 0.0013% / 1h18m 50s$2.8M$17.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo 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
$7.29
Price spread: −0.034% → −0.020%
−$1.38
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$9.09
Costs to cover
0.150%
Break-even
15.7 days
Slippage unknown: Binance: live order book, 10 min ago; Ondo 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, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5897.6 bp −$3,778
Sell Ondo Perps no order-book sample—————
Ondo 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%43m2,777.6+0.018%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.5−0.021%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.041%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.092%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,777.3+0.009%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0016%1h2,777.7+0.024%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.4+0.013%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.092%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,778.5+0.051%$22.4M—200xas long as short
BingX ETH-USDC+0.0017%8h2,776.7−0.013%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,776.9−0.005%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0019%8h2,777.9+0.031%$270.1M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,778.4+0.048%$13.0M—200xas long as short
Bullet ETH-USD+0.0038%1h2,777.9+0.031%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0039%8h2,777.3+0.008%$256.7M$992.0M200xas long as short
Deribit ETH-PERPETUAL+0.0056%1h2,778.5+0.051%$258.4M$222.4M50xas long as short
Nado ETH-PERP+0.0059%1h2,776.9−0.005%$14.3M$118.1M50xas long as short
MEXC ETH_USDT+0.0064%8h2,777.1+0.002%$1.62B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,775.9−0.043%$5.0M$636K20xas long as short
Binance ETHUSDTlong+0.0065%8h2,777.1long leg$6.44B$17.20B150x
Bitget ETHUSDT+0.0070%8h2,777.3+0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,776.9−0.004%$3.29B$9.65B200xas long as short
ApeX Omni ETHUSDT+0.0073%1h2,780.3+0.115%$8.8M$32.6M100xas long as short
SoDEX ETH-USD+0.0078%1h2,777−0.002%$55.3M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,777−0.001%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,776.9−0.004%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,777.9+0.031%$115.3M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,778.9+0.067%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.3+0.010%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,777.1+0.002%$422.9M$739.6M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.5−0.020%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.002%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.2+0.113%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,777.1+0.001%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,776.1−0.034%$2.8M$17.0M25x
Arcus ETH-USD+0.0100%1h2,778.2+0.040%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.067%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.4+0.013%$15.2M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6+0.056%$136.7M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,779.6+0.093%$181.9M$783.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,780.8+0.136%$161.7M$91.5M50xas long as short
StandX ETH-USD+0.0100%1h2,779+0.070%$21.5M$58.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.1+0.074%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.9+0.030%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.3+0.081%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.5−0.021%$973K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,778.2+0.041%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,776.4−0.023%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.2+0.041%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.045%$8.4M$678.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,779.7+0.096%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.2+0.041%$86.0M$332.1M100xas long as short
BloFin ETH-USDT+0.0185%8h2,776.9−0.006%$283.9M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,777.8+0.026%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,781.9+0.175%$271K$1.5M20xas long as short