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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 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.002%
Price spread now: Katana Perps against Deribit−0.033%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.033%, 7d avg −0.042%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,733.50.0090pay 0.0011% / 1h19m 14s$259.7M$196.2M50x
ShortKatana Perps ETH-USD2,732.60.0100get 0.0100% / 8h4h 19m$500K$3.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Deribit. 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
$2.06
Price spread: −0.033% → −0.042%
$0.9
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$7.85
Costs to cover
0.108%
Break-even
33.7 days
Slippage unknown: Deribit: live order book, 5 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 Deribit live order book, 5 min ago0.09 bp3.8 bp −$44.9 bp −$4910.4 bp −$1,04219.1 bp −$9,562
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%43m2,732.9−0.022%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.026%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.2−0.011%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8−0.024%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733−0.019%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,733.4−0.003%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.015%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.9−0.022%$28.1M—200xas long as short
Bullet ETH-USD+0.0009%1h2,732.3−0.044%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,733.3−0.007%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0042%8h2,731.6−0.070%$1.06B$1.20B200xas long as short
BingX ETH-USDT+0.0052%8h2,731.6−0.070%—$1.15B—as long as short
Bybit ETHUSDT+0.0059%8h2,731.8−0.061%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,732.3−0.045%$380.1M$574.5M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,731.8−0.061%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0073%8h2,732−0.056%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0086%8h2,732.3−0.042%$250.9M$842.3M200xas long as short
Deribit ETH-PERPETUALlong+0.0090%1h2,733.5long leg$259.7M$196.2M50x
SoDEX ETH-USD+0.0091%1h2,732.1−0.051%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0094%8h2,732−0.056%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,732.2−0.047%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,732.3−0.045%$112.8M$440.2M50xas long as short
Lighter RH ETH+0.0096%1h2,733.7+0.009%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.9−0.020%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.8−0.137%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.119%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,733.6+0.003%$5.6M$11.6M25xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,732.6−0.033%$500K$3.2M50x
Nado ETH-PERP+0.0100%1h2,732.5−0.038%$13.7M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.1+0.022%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.50.000%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.5−0.036%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.6+0.004%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.9−0.058%$3.34B$8.91B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.7−0.065%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.4−0.076%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.074%$133.7M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.023%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.050%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,732.4−0.040%$21.1M$68.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.019%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733−0.016%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734+0.020%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.8−0.063%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.049%$164.8M$300.4M25xas long as short
Vest ETH-PERP+0.0100%1h2,733.6+0.002%—$843K50xas long as short
Extended ETH-USD+0.0104%1h2,731.6−0.071%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.4−0.003%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0114%1h2,734.2+0.024%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0137%8h2,732.9−0.022%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,734.6+0.041%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.7−0.066%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,732.8−0.025%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,734.4+0.033%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0380%8h2,731.7−0.067%$282.3M$175.5M150xas long as short