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Funding arb /

ETH

all ETH markets
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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.

Funding spread now, next payment 19:00 UTC−0.0014%/8h
next payment, per $10,000−$0.02paid, last 24h−0.004%paid, last 3 days−0.089%to open and close $10k−$19
Long on DeribitShort on Bullet
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,749.10.0041pay 0.0005% / 1h29m 49s$258.3M$204.0M50x
ShortBullet ETH-USD2,746.90.0027get 0.0003% / 1h29m 49s$192K$1.8M20x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$2.97
Slippage, 4 orders
−$4.27
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$22.25
Break-even
never at this rate
Slippage from Deribit: live order book, 1 min ago; Bullet: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.080%
Avg gap 7d
−0.046%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 1 min ago0.46 bp4.1 bp −$45.1 bp −$5110.3 bp −$1,02917.5 bp −$8,773
Sell Bullet live order book, 1 min ago0.36 bp5.6 bp −$69.2 bp −$92doesn't fitdoesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.0017%1h$55.4M$162.3M40xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
ApeX Omni ETHUSDT−0.0009%1h$8.2M$28.1M100xas long as short
Bulk ETH-USD−0.0005%1h$158.7M$271.5M25xas long as short
Injective ETH/USDC PERP−0.0004%1h$118K$22.5M52xas long as short
dYdX ETH-USD0.0000%1h$13.1M$41.5M50xas long as short
01 Exchange ETHUSD0.0000%1h$180K$1.2M50xas long as short
Perpl ETH0.0000%43m$291K$6.3M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX ETH-USDC+0.0010%8h—$16.9M—as long as short
OKX ETH-USDT-SWAP+0.0015%8h$1.73B$11.03B100xas long as short
Bullet ETH-USDshort+0.0027%1h$192K$1.8M20x
Deribit ETH-PERPETUALlong+0.0041%1h$258.3M$204.0M50x
Aevo ETH-PERP+0.0048%1h$5.0M$668K20xas long as short
MEXC ETH_USDT+0.0050%8h$1.60B$2.39B500xas long as short
Binance ETHUSDT+0.0050%8h$6.55B$15.92B150xas long as short
Phemex ETHUSDT+0.0052%8h$265.4M$64.9M150xas long as short
Gate ETH_USDT+0.0058%8h$3.35B$8.96B200xas long as short
Phoenix ETH+0.0073%1h$1.1M$2.5M25xas long as short
RISEx ETH/USDC+0.0083%1h$5.8M$12.1M25xas long as short
Bitget ETHUSDT+0.0084%8h$2.11B$2.94B150xas long as short
Aster ETHUSDT+0.0088%8h$267.2M$933.7M200xas long as short
Lighter ETH+0.0096%1h$116.0M$481.7M50xas long as short
Lighter RH ETH+0.0096%1h$25.4M$119.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.1M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.6M$10.9M50xas long as short
Variational Omni ETH+0.0100%8h$145.5M$307.3M—as long as short
Katana Perps ETH-USD+0.0100%8h$477K$2.4M50xas long as short
Nado ETH-PERP+0.0100%1h$17.2M$111.1M50xas long as short
Hyperliquid ETH+0.0100%1h$3.21B$2.15B25xas long as short
Pacifica ETH+0.0100%1h$31.0M$245.0M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.50B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$14.9M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$418.8M$687.4M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.3M$41.7M50xas long as short
edgeX ETHUSDC+0.0100%4h$179.1M$740.7M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$52.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h$11.4M$6.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h$42.4M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h$963K$14.1M100xas long as short
HTX ETH-USDT+0.0100%8h$1.08B$1.21B200xas long as short
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Extended ETH-USD+0.0104%1h$31.6M$75.2M50xas long as short
Orderly PERP_ETH_USDC+0.0127%8h$32.2M$10.7M100xas long as short
Aftermath Perps ETHUSD+0.0130%1h$29K$19K20xas long as short
Kalshi KXETHPERP+0.0136%8h$9.5M$609.5M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.6M$4.52B50xas long as short
Kraken Futures PF_ETHUSD+0.0162%1h$85.2M$321.7M100xas long as short
BloFin ETH-USDT+0.0170%8h$290.9M$175.6M150xas long as short
Reya ETHRUSDPERP+0.0208%1h$7.3M$847K25xas long as short
Hibachi ETH/USDT-P+0.0232%1h$285K$1.4M20xas long as short