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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 11:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.040%
Price spread now: Hibachi against Bitget+0.030%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Long on BitgetShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.229%−$23 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.030%, 7d avg +0.031%
Together, before fees−0.223%+ Points / potential airdropHibachi: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,749.30.0100pay 0.0100% / 8h5h 57m$2.11B$2.31B150x
ShortHibachi ETH/USDT-P2,750.1−0.0128pay 0.0016% / 1h57m 13s$235K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Bitget. 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
−$47.88
Price spread: +0.030% → +0.031%
−$0.1
Slippage, 4 orders
−$3.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$72.57
Costs to cover
0.246%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Hibachi: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.5 bp −$658.3 bp −$832doesn't fit
Sell Hibachi live order book, 5 min ago0.02 bp6.1 bp −$610.4 bp −$104doesn't fitdoesn't fit

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-Pshort−0.0128%1h2,750.1+0.030%$235K$1.2M20x
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.004%$5K$1K50xas long as short
Phoenix ETH−0.0023%1h2,750+0.026%$809K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,749.7+0.016%$12.2M—200xas long as short
Bybit ETHUSDT0.0000%8h2,749.4+0.004%$2.37B$3.83B150xas long as short
Kalshi KXETHPERP0.0000%8h2,749.5+0.008%$7.3M$661.5M4.9xas long as short
Perpl ETH0.0000%43m2,749.9+0.023%$269K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.5+0.008%$33.2M—200xas long as short
ApeX Omni ETHUSDT+0.0024%1h2,748.5−0.028%$8.3M$25.3M100xas long as short
OKX ETH-USDT-SWAP+0.0068%8h2,749.3+0.001%$1.67B$9.27B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0072%1h2,749.3+0.001%$182K$951K50xas long as short
Gate ETH_USDT+0.0081%8h2,749.5+0.006%$3.27B$7.68B200xas long as short
Aster ETHUSDT+0.0084%8h2,749.7+0.016%$257.6M$723.2M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,749.7+0.016%$365.3M$443.0M100xas long as short
Aevo ETH-PERP+0.0088%1h2,747.5−0.065%$4.9M$214K20xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,750.4+0.042%$266.7M$185.9M50xas long as short
MEXC ETH_USDT+0.0090%8h2,749.7+0.016%$1.61B$2.34B500xas long as short
Binance ETHUSDT+0.0090%8h2,749.7+0.016%$6.41B$14.11B150xas long as short
Lighter ETH+0.0096%1h2,750+0.025%$114.0M$382.6M50xas long as short
Lighter RH ETH+0.0096%1h2,751.3+0.073%$23.7M$93.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,749−0.009%—$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,750.5+0.045%$46.2M$3.91B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.3−0.036%$507K$3.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.5−0.027%$14.6M$96.2M50xas long as short
Pacifica ETH+0.0100%1h2,749.7+0.014%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.7−0.021%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.6+0.011%$1.5M$14.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,748.6−0.025%$165.1M$334.7M25xas long as short
Bitget ETHUSDTlong+0.0100%8h2,749.3long leg$2.11B$2.31B150x
BingX ETH-USDC+0.0100%8h2,748.4−0.031%—$18.5M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749−0.009%$14.9M$36.3M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.067%$132.5M$292.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,747.4−0.069%$185.1M$624.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,750.1+0.030%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,750.6+0.048%$21.1M$75.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,750.5+0.043%—$352K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.4+0.041%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,749.7+0.017%$178K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.3+0.001%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,748.5−0.027%$947K$8.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.4+0.004%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,749.7+0.017%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,749.5+0.006%$264.3M$57.4M150xas long as short
Extended ETH-USD+0.0104%1h2,748.4−0.033%$30.5M$65.3M50xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,749.1−0.008%$30K$8K20xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,749.9+0.021%$82.5M$275.3M100xas long as short
Reya ETHRUSDPERP+0.0157%1h2,747.7−0.056%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,751.8+0.091%$32.5M$10.0M100xas long as short
dYdX ETH-USD+0.0189%1h2,749.30.000%$15.3M$42.8M50xas long as short
RISEx ETH/USDC+0.0206%1h2,750.3+0.039%$5.7M$10.6M25xas long as short
Hyperliquid ETH+0.0241%1h2,751.9+0.095%$3.16B$1.75B25xas long as short
BloFin ETH-USDT+0.0361%8h2,749.4+0.006%$283.3M$149.9M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.081%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0508%8h2,754+0.172%$15.9M$6.2M50xas long as short