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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 01:00 UTC−0.0927%/8h= −101.5% APRpaid last 24h −0.056%
Price spread now: Injective against BloFin−0.200%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$730.727% of the position
Long on BloFinShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.200%, 7d avg +0.065%
Together, before fees+0.121%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Injective is 0.265% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,768.40.0175pay 0.0175% / 8h7h 35m$287.6M$185.9M150x
ShortInjective ETH/USDC PERP2,762.9−0.0752pay 0.0094% / 1h35m 07s$119K$22.5M52x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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
−$194.71
Price spread: −0.200% → +0.065%
−$26.48
Slippage, 4 orders
−$60.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$293.86
Costs to cover
0.727%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Injective: live order book, 4 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 BloFin live order book, 4 min ago0.09 bp6.1 bp −$66.1 bp −$617.0 bp −$7029.0 bp −$4,523
Sell Injective live order book, 4 min ago9.54 bp50.5 bp −$5051.9 bp −$51952.0 bp −$5,203doesn't fit

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
Injective ETH/USDC PERPshort−0.0752%1h2,762.9−0.200%$119K$22.5M52x
RISEx ETH/USDC−0.0128%1h2,769.2+0.028%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,768.5+0.001%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.5+0.183%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.3+0.031%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.111%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.092%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.9+0.052%$22.4M—200xas long as short
Phemex ETHUSDT+0.0009%8h2,768.8+0.013%$269.5M$67.4M150xas long as short
Bullet ETH-USD+0.0023%1h2,768.8+0.013%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0024%8h2,770+0.056%$1.71B$11.22B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,769.5+0.038%$12.7M—200xas long as short
SoDEX ETH-USD+0.0037%1h2,769.3+0.031%$55.2M$187.9M40xas long as short
Aster ETHUSDT+0.0040%8h2,769.4+0.035%$256.6M$886.7M200xas long as short
MEXC ETH_USDT+0.0055%8h2,769.8+0.050%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.3+0.031%$6.46B$16.39B150xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.057%$5.0M$165K20xas long as short
HTX ETH-USDT+0.0062%8h2,769.1+0.023%$1.08B$1.26B200xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.6+0.150%$31K$23K20xas long as short
Bitget ETHUSDT+0.0070%8h2,770.2+0.063%$2.10B$2.89B150xas long as short
Deribit ETH-PERPETUAL+0.0071%1h2,770.7+0.083%$259.1M$207.4M50xas long as short
Gate ETH_USDT+0.0077%8h2,770.3+0.065%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.2+0.064%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,769.2+0.026%$420.0M$633.5M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.2+0.062%—$878K50xas long as short
Lighter ETH+0.0096%1h2,769.7+0.047%$115.2M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,771.2+0.100%$25.8M$111.2M50xas long as short
SunX ETH-USDT+0.0098%8h2,771.9+0.123%$973K$13.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3+0.067%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.6+0.042%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769+0.022%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.4+0.144%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.5+0.076%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.2+0.064%$2.51B$4.39B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8+0.049%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.1+0.060%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8+0.050%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.3+0.066%—$17.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.3+0.067%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.139%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,773+0.163%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.109%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,772.1+0.132%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.150%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.8+0.013%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.2+0.064%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.4+0.107%$42.6M$29.0M15xas long as short
Extended ETH-USD+0.0104%1h2,768.8+0.013%$31.3M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.7+0.044%—$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,770.6+0.078%$7.9M$683.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.5+0.075%$93.3M$317.0M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,772+0.129%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.196%$253K$1.5M20xas long as short
BloFin ETH-USDTlong+0.0175%8h2,768.4long leg$287.6M$185.9M150x
Reya ETHRUSDPERP+0.0210%1h2,768.9+0.015%$7.3M$1.2M25xas long as short