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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+0.0067%/8h= +7.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.010%
Price spread now: Katana Perps against BingX+0.079%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Katana Perps is 0.079% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,718.40.0033pay 0.0033% / 8h2h 34m—$18.5M—
ShortKatana Perps ETH-USD2,720.60.0100get 0.0100% / 8h2h 34m$498K$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against BingX. 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: +0.079% → 0.000%
$7.95
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$8.17
Costs to cover
0.138%
Break-even
2.9 days
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago0.18 bp5.2 bp −$55.8 bp −$587.8 bp −$77610.6 bp −$5,293
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%43m2,720.4+0.072%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721+0.094%$5K$1K50xas long as short
HTX ETH-USDT−0.0010%8h2,724+0.203%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,718.8+0.011%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,721.6+0.116%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,719.1+0.024%$27.9M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.2+0.102%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0012%1h2,722.1+0.134%$10.8M$41.9M50xas long as short
Deribit ETH-PERPETUAL+0.0015%1h2,719.5+0.037%$258.7M$206.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,721.1+0.098%$186K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDClong+0.0033%8h2,718.4long leg—$18.5M—
Bybit ETHUSDT+0.0042%8h2,718.2−0.009%$2.35B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0066%1h2,723.4+0.182%$30K$20K20xas long as short
Bullet ETH-USD+0.0069%1h2,718.3−0.004%$179K$1.7M20xas long as short
SunX ETH-USDT+0.0070%8h2,724.6+0.225%$956K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0075%8h2,719.4+0.034%$374.4M$578.4M100xas long as short
Aster ETHUSDT+0.0086%8h2,719.7+0.046%$251.7M$845.0M200xas long as short
Phemex ETHUSDT+0.0086%8h2,724.3+0.217%$263.4M$64.3M150xas long as short
Aevo ETH-PERP+0.0088%1h2,716−0.089%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0090%8h2,718.4−0.002%$1.66B$10.79B100xas long as short
MEXC ETH_USDT+0.0091%8h2,719.2+0.026%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0091%8h2,718.7+0.010%$6.29B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,720.9+0.089%$111.3M$432.5M50xas long as short
Lighter RH ETH+0.0096%1h2,721.9+0.129%$23.4M$103.1M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,720.6+0.079%$498K$3.4M50x
Paradex ETH-USD-PERP+0.0100%8h2,722.8+0.161%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,720+0.058%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,721.7+0.120%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,721.5+0.111%$31.9M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,720+0.057%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,721+0.095%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.198%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.4−0.001%$3.29B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718.4−0.003%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,723.2+0.174%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.176%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,721.7+0.120%$184.3M$675.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.190%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,723.1+0.171%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,724.7+0.230%$21.0M$71.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.9+0.127%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,721.1+0.098%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,719+0.022%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719.6+0.044%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,725.2+0.249%$54.3M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,719.9+0.053%$30.5M$74.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720.7+0.084%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,726.3+0.288%$49.9M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,721.1+0.099%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0159%8h2,725.3+0.252%$6.4M$692.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,725.6+0.265%$82.9M$316.2M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,720.6+0.079%$32.0M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,718.40.000%$7.3M$1.2M25xas long as short
BloFin ETH-USDT+0.0210%8h2,724.8+0.233%$282.9M$174.7M150xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,726.2+0.287%$249K$1.4M20xas long as short