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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 08:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.045%
Price spread now: 01 Exchange against BloFin+0.010%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Long on BloFinShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.170%−$17 on $10k
Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.010%, 7d avg +0.028%
Together, before fees−0.101%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,726.3−0.0179get 0.0179% / 8h15m 44s$281.2M$177.6M150x
Short01 Exchange ETHUSD2,726.60.0032get 0.0004% / 1h15m 44s$190K$883K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$44.32
Price spread: +0.010% → +0.028%
−$1.81
Slippage, 4 orders
−$5.36
Fee BloFin: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$18.16
Costs to cover
0.244%
Break-even
4.1 days
Slippage from BloFin: live order book, 3 min ago; 01 Exchange: live order book, 23 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, 3 min ago0.04 bp6.0 bp −$66.0 bp −$607.0 bp −$7029.0 bp −$4,479
Sell 01 Exchange live order book, 23 min ago0.18 bp6.8 bp −$711.1 bp −$111doesn't fitdoesn'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
Perpl ETH−0.0447%43m2,726.2−0.005%$276K$5.7M8.3xas long as short
BloFin ETH-USDTlong−0.0179%8h2,726.3long leg$281.2M$177.6M150x
Hotstuff ETH-PERP−0.0080%1h2,725.5−0.030%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,727+0.025%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.1−0.045%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,726.4+0.003%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.1−0.008%$6.7M$677.7M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.5−0.032%$263.6M$214.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.3−0.036%$32.9M—200xas long as short
BingX ETH-USDT+0.0016%8h2,724.7−0.059%—$1.08B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,724.6−0.062%$2.31B$4.33B150xas long as short
HTX ETH-USDT+0.0032%8h2,724.9−0.053%$1.05B$1.22B200xas long as short
01 Exchange ETHUSDshort+0.0032%1h2,726.6+0.010%$190K$883K50x
Injective ETH/USDC PERP+0.0050%1h2,730.9+0.168%$117K$21.8M52xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,727.1+0.027%$242K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.1−0.044%$81.8M$310.7M100xas long as short
ApeX Omni ETHUSDT+0.0068%1h2,726.3−0.001%$8.5M$31.4M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,724.8−0.057%$1.65B$10.78B100xas long as short
KuCoin ETHUSDTM+0.0074%8h2,724.6−0.063%$382.3M$576.9M100xas long as short
Aster ETHUSDT+0.0079%8h2,725−0.050%$252.5M$849.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,722.7−0.132%$4.9M$172K20xas long as short
MEXC ETH_USDT+0.0089%8h2,724.7−0.059%$1.58B$2.59B500xas long as short
Binance ETHUSDT+0.0090%8h2,724.7−0.059%$6.30B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,725.2−0.043%$112.3M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,726.5+0.005%$23.4M$102.4M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.6−0.026%$500K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.6+0.156%$15.3M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.3−0.036%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.9+0.021%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.005%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.1−0.008%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.1−0.008%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,724.8−0.055%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,724.7−0.059%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724.3−0.073%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1−0.080%$133.8M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.2−0.042%$185.4M$683.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.022%$158.5M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.4+0.003%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.2+0.034%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.8+0.018%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,725−0.047%$192K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,727.6+0.048%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,725−0.050%$955K$10.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,724.7−0.059%$54.3M$182.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,724.6−0.063%$262.4M$64.3M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.015%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,725.7−0.023%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,723.8−0.092%$30.4M$71.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.4−0.034%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,726−0.010%$46.6M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,726.2−0.005%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,724.9−0.052%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,727.1+0.030%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0343%1h2,725.5−0.029%$20K$23K25xas long as short