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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 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.031%
Price spread now: Reya against Binance−0.001%7-day average −0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Reya
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.070%+$7 on $10k
Price spread, last 7 days−0.034%−$3 · spread now −0.001%, 7d avg −0.029%
Together, before fees+0.036%+ Points / potential airdropReya: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,747.70.0090pay 0.0090% / 8h5h 54m$6.41B$14.09B150x
ShortReya ETHRUSDPERP2,747.60.0157get 0.0020% / 1h54m 54s$7.3M$832K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$14.03
Price spread: −0.001% → −0.029%
$2.74
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$0.78
Costs to cover
0.160%
Break-even
6.6 days
Slippage unknown: Binance: live order book, 12 min ago; Reya: 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, 12 min ago0.02 bp5.0 bp −$55.4 bp −$546.8 bp −$6839.3 bp −$4,658
Sell Reya no order-book sample—————
Reya: 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 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0120%1h2,748.6+0.032%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.062%$5K$1K50xas long as short
Phoenix ETH−0.0023%1h2,750+0.084%$809K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,748.5+0.030%$12.2M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,748.9+0.044%$7.2M$661.5M4.9xas long as short
Perpl ETH0.0000%43m2,748.7+0.038%$269K$5.0M8.3xas long as short
Bybit ETHUSDT+0.0002%8h2,747.5−0.006%$2.37B$3.82B150xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.5+0.066%$33.2M—200xas long as short
ApeX Omni ETHUSDT+0.0024%1h2,748.5+0.030%$8.3M$25.3M100xas long as short
OKX ETH-USDT-SWAP+0.0068%8h2,747.5−0.007%$1.67B$9.25B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0072%1h2,749.4+0.062%$182K$950K50xas long as short
Gate ETH_USDT+0.0081%8h2,748.4+0.024%$3.27B$7.68B200xas long as short
Aster ETHUSDT+0.0084%8h2,748.4+0.025%$257.5M$723.0M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,748.5+0.028%$365.2M$441.9M100xas long as short
Aevo ETH-PERP+0.0088%1h2,746.3−0.051%$4.9M$214K20xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,749.6+0.070%$266.7M$185.5M50xas long as short
Binance ETHUSDTlong+0.0090%8h2,747.7long leg$6.41B$14.09B150x
MEXC ETH_USDT+0.0090%8h2,748.6+0.032%$1.60B$2.34B500xas long as short
Lighter ETH+0.0096%1h2,748.9+0.045%$113.9M$383.1M50xas long as short
Lighter RH ETH+0.0096%1h2,750.1+0.086%$23.7M$93.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.8+0.040%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,749.4+0.061%$46.2M$3.91B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.3+0.022%$507K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.4+0.026%$14.6M$96.1M50xas long as short
Pacifica ETH+0.0100%1h2,749.5+0.066%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.6−0.003%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.7+0.074%$1.5M$14.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,749.3+0.058%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,747.7+0.002%$2.11B$2.31B150xas long as short
BingX ETH-USDC+0.0100%8h2,746.9−0.029%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,748.1+0.014%$14.9M$36.2M50xas long as short
Variational Omni ETH+0.0100%8h2,747.8+0.005%$132.6M$290.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.3+0.022%$185.2M$607.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.9+0.080%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,748.6+0.033%$21.1M$75.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.1+0.087%—$352K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.2+0.092%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.8+0.041%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,748.6+0.034%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,748.6+0.033%$947K$8.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.7+0.037%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,748.5+0.031%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,748.4+0.026%$264.1M$57.4M150xas long as short
Extended ETH-USD+0.0104%1h2,747.5−0.005%$30.5M$65.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,748.7+0.038%$82.5M$274.6M100xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,749.1+0.053%$30K$8K20xas long as short
Reya ETHRUSDPERPshort+0.0157%1h2,747.6−0.001%$7.3M$832K25x
Orderly PERP_ETH_USDC+0.0174%8h2,751+0.121%$32.5M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,749.6+0.069%$5.7M$10.6M25xas long as short
dYdX ETH-USD+0.0227%1h2,749.3+0.058%$15.3M$42.8M50xas long as short
Hyperliquid ETH+0.0251%1h2,751.7+0.146%$3.16B$1.75B25xas long as short
BloFin ETH-USDT+0.0360%8h2,748.9+0.045%$283.3M$149.9M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.139%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0522%8h2,752.9+0.188%$16.0M$6.2M50xas long as short