Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.006%
Price spread now: Katana Perps against Bullet+0.063%7-day average −0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.041%+$4 on $10k
Price spread, last 7 days−0.075%−$8 · spread now +0.063%, 7d avg −0.051%
Together, before fees−0.034%−$3 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 Katana Perps is 0.114% dearer against Bullet than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,770.90.0027pay 0.0003% / 1h7m 50s$181K$1.7M20x
ShortKatana Perps ETH-USD2,772.70.0100get 0.0100% / 8h1h 07m$477K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Bullet. 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
$15.33
Price spread: +0.063% → −0.051%
$11.4
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$14.93
Costs to cover
0.118%
Break-even
0.2 days
Slippage unknown: Bullet: live order book, 1 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 Bullet live order book, 1 min ago0.36 bp4.8 bp −$58.4 bp −$84doesn't fitdoesn't fit
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%43m2,773.7+0.098%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.8+0.033%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.128%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.312%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.4+0.053%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,773.8+0.104%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,771.8+0.030%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.092%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.7+0.028%$22.4M—200xas long as short
BingX ETH-USDT+0.0015%8h2,770.9−0.003%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0017%8h2,770.7−0.009%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,771+0.001%$269.8M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,771.7+0.027%$12.9M—200xas long as short
Bullet ETH-USDlong+0.0027%1h2,770.9long leg$181K$1.7M20x
Deribit ETH-PERPETUAL+0.0031%1h2,772+0.040%$258.5M$222.2M50xas long as short
Aster ETHUSDT+0.0031%8h2,770.8−0.004%$255.4M$995.0M200xas long as short
Nado ETH-PERP+0.0057%1h2,772+0.038%$14.2M$118.1M50xas long as short
Binance ETHUSDT+0.0060%8h2,770.3−0.024%$6.43B$17.22B150xas long as short
MEXC ETH_USDT+0.0060%8h2,770.6−0.012%$1.61B$2.68B500xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.044%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,768.3−0.096%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0065%1h2,770.5−0.016%$55.2M$229.0M40xas long as short
Bitget ETHUSDT+0.0067%8h2,770.3−0.025%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,770.9−0.002%$3.29B$9.67B200xas long as short
HTX ETH-USDT+0.0089%8h2,771.3+0.012%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,770.4−0.021%$2.51B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0095%8h2,770.6−0.014%$421.0M$739.0M100xas long as short
Lighter ETH+0.0096%1h2,770.6−0.012%$114.9M$503.0M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.045%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.9+0.070%—$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.6+0.094%$15.9M$10.5M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,772.7+0.063%$477K$2.7M50x
Vest ETH-PERP+0.0100%1h2,772.1+0.043%—$1.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.1+0.078%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.4+0.123%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.056%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.111%$2.7M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.004%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8−0.007%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9−0.003%$144.7M$334.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.1+0.006%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.056%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.092%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.4+0.053%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.019%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.1+0.077%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.7−0.007%$970K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.1−0.032%$32.6M$77.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.023%$59.7M$4.59B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,774.6+0.132%$8.4M$681.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,773.4+0.087%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.3+0.013%$85.9M$332.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.3+0.086%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.6−0.011%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,774.9+0.142%$270K$1.5M20xas long as short