Settings8H · net · $10k
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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 16:00 UTC+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Bybit+0.003%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on BybitShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 7 days−0.003%$0 · spread now +0.003%, 7d avg +0.001%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,741.7−0.0032get 0.0032% / 8h6h 20m$2.36B$3.93B150x
ShortBinance ETHUSDT2,741.80.0079get 0.0079% / 8h6h 20m$6.38B$14.57B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
$23.35
Price spread: +0.003% → +0.001%
$0.17
Slippage, 4 orders
−$0.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
$2.45
Costs to cover
0.211%
Break-even
6.3 days
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 2 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 Bybit live order book, 2 min ago0.02 bp5.5 bp −$65.5 bp −$557.0 bp −$70010.6 bp −$5,322
Sell Binance live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$506.3 bp −$6278.4 bp −$4,191

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-P−0.0096%1h2,742.6+0.033%$235K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.4−0.012%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0069%1h2,740.4−0.050%$8.3M$29.8M100xas long as short
Bybit ETHUSDTlong−0.0032%8h2,741.7long leg$2.36B$3.93B150x
Phoenix ETH−0.0023%1h2,739.6−0.078%$805K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.5−0.008%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,743.2+0.053%$7.0M$663.9M4.9xas long as short
Perpl ETH0.0000%43m2,741.8+0.002%$269K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,741.4−0.014%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,742.7+0.035%$195K$939K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0053%1h2,741.7−0.001%$14.8M$42.9M50xas long as short
Gate ETH_USDT+0.0054%8h2,741.5−0.009%$3.26B$7.87B200xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,741.6−0.004%$1.66B$9.51B100xas long as short
Aster ETHUSDT+0.0073%8h2,741.3−0.015%$256.1M$741.8M200xas long as short
MEXC ETH_USDT+0.0078%8h2,741.4−0.013%$1.59B$2.51B500xas long as short
Binance ETHUSDTshort+0.0079%8h2,741.8+0.003%$6.38B$14.57B150x
Kraken Futures PF_ETHUSD+0.0080%1h2,741.8+0.002%$82.0M$282.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,739−0.098%$4.9M$208K20xas long as short
KuCoin ETHUSDTM+0.0084%8h2,741.8+0.001%$365.9M$459.9M100xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,741.1−0.024%$30K$8K20xas long as short
SoDEX ETH-USD+0.0096%1h2,741.3−0.016%$61.7M$121.8M40xas long as short
Lighter ETH+0.0096%1h2,741.2−0.019%$113.9M$389.7M50xas long as short
Lighter RH ETH+0.0096%1h2,742.6+0.031%$23.8M$98.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.2−0.020%—$23.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,741.7−0.001%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.7−0.037%$14.5M$97.4M50xas long as short
Pacifica ETH+0.0100%1h2,741.8+0.001%$32.1M$326.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6−0.042%$2.8M$14.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.4+0.024%$1.5M$14.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.041%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,741.6−0.006%$2.11B$2.38B150xas long as short
BingX ETH-USDT+0.0100%8h2,741.3−0.016%—$960.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.2−0.022%$14.9M$37.2M50xas long as short
Variational Omni ETH+0.0100%8h2,740.5−0.046%$132.1M$302.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.117%$185.9M$632.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.4−0.050%$159.3M$73.0M50xas long as short
StandX ETH-USD+0.0100%1h2,743.9+0.079%$21.1M$72.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.5+0.065%—$346K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.2+0.053%$11.2M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,741.5−0.007%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,741.2−0.019%$945K$9.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,742.3+0.020%$1.05B$1.09B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.3−0.017%$263.8M$57.7M150xas long as short
Extended ETH-USD+0.0104%1h2,740.4−0.048%$30.4M$67.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,742.4+0.026%$45.5M$3.94B50xas long as short
Hyperliquid ETH+0.0121%1h2,745+0.119%$3.15B$1.77B25xas long as short
Deribit ETH-PERPETUAL+0.0126%1h2,742.6+0.030%$267.3M$193.9M50xas long as short
BloFin ETH-USDT+0.0149%8h2,741.4−0.011%$282.7M$157.4M150xas long as short
Reya ETHRUSDPERP+0.0161%1h2,740.5−0.045%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,742.7+0.035%$5.6M$10.7M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,743.8+0.074%$32.3M$10.1M100xas long as short
Paradex ETH-USD-PERP+0.0294%8h2,745.2+0.128%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,747.3+0.203%$118K$23.9M52xas long as short
Bluefin ETH-PERP+0.1088%1h2,741.5−0.008%$20K$15K25xas long as short