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

ETH

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Alert: funding
Measured
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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
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Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.003%
Price spread now: Katana Perps against Bybit+0.039%7-day average −0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.019%+$2 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.039%, 7d avg −0.036%
Together, before fees−0.027%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Katana Perps is 0.075% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,770.50.0089pay 0.0089% / 8h22m 14s$2.50B$4.63B150x
ShortKatana Perps ETH-USD2,771.60.0100get 0.0100% / 8h22m 14s$476K$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$2.3
Price spread: +0.039% → −0.036%
$7.51
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$4.99
Costs to cover
0.148%
Break-even
22.2 days
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago0.02 bp6.3 bp −$66.9 bp −$697.8 bp −$78410.9 bp −$5,431
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−0.0223%43m2,771.5+0.035%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,772+0.052%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.411%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.4−0.040%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0039%1h2,768.4−0.077%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,772.8+0.082%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.9−0.021%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.021%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.4+0.069%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,770−0.020%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.8+0.010%$1.70B$11.88B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,771.7+0.041%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,772.3+0.063%$12.8M—200xas long as short
Aster ETHUSDT+0.0030%8h2,771.1+0.023%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0034%1h2,770.6+0.003%$55.2M$229.0M40xas long as short
Phemex ETHUSDT+0.0035%8h2,771.2+0.025%$270.3M$68.9M150xas long as short
Bullet ETH-USD+0.0045%1h2,771.4+0.032%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,768.7−0.066%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0057%8h2,771.2+0.024%$6.45B$17.31B150xas long as short
MEXC ETH_USDT+0.0058%8h2,770.6+0.001%$1.61B$2.65B500xas long as short
Bitget ETHUSDT+0.0066%8h2,770.8+0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0070%8h2,771.6+0.037%$3.29B$9.67B200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.8+0.010%$421.0M$739.6M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.4+0.066%$60.1M$4.59B50xas long as short
Bybit ETHUSDTlong+0.0089%8h2,770.5long leg$2.50B$4.63B150x
Vest ETH-PERP+0.0094%1h2,771.1+0.020%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,770.8+0.011%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,771.4+0.031%$115.2M$499.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.7+0.078%$25.2M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7−0.028%—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.8+0.011%$15.9M$10.1M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,771.6+0.039%$476K$2.8M50x
Nado ETH-PERP+0.0100%1h2,771.3+0.029%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.3+0.136%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,771.5+0.037%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,771.7+0.043%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.7+0.080%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.086%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3+0.026%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3−0.007%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,768.5−0.075%$181.7M$783.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.026%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,767.1−0.123%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.9+0.050%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.8+0.045%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,771.8+0.046%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.5+0.107%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,770.2−0.011%$32.5M$78.2M50xas long as short
Deribit ETH-PERPETUAL+0.0107%1h2,772.5+0.070%$259.0M$222.4M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.9+0.014%$8.3M$687.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,772+0.052%$88.8M$337.1M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,773.9+0.121%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,768.9−0.058%$287.2M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0203%1h2,771.1+0.022%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,768.9−0.058%$251K$1.6M20xas long as short