data as of
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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 15:00 UTC−0.0004%/8h
next payment, per $10,000−$0.00paid, last 24h−0.001%paid, last 7 days+0.012%to open and close $10k−$15
Long on ExtendedShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,749.70.0104pay 0.0013% / 1h8m 12s$33.3M$74.5M50x
ShortBackpack ETH_USDC_PERP2,750.40.0100get 0.0013% / 1h8m 12s$15.2M$38.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
−$0.4
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$16.24
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.029%
Avg gap 7d
+0.038%
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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.8 bp −$285.5 bp −$55014.4 bp −$7,220
Sell Backpack live order book, 2 min ago0.02 bp5.0 bp −$55.3 bp −$5316.2 bp −$1,616doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective ETH/USDC PERP−0.0112%1h$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$1K50xas long as short
Gate ETH_USDT−0.0034%8h$3.71B$8.69B200xas long as short
Kalshi KXETHPERP0.0000%8h$6.6M$508.4M4.9xas long as short
Perpl ETH0.0000%43m$207K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.2M—200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0018% / S +0.0014%1h$11.8M—200xas long as short
OKX ETH-USDT-SWAP+0.0018%8h$1.72B$11.06B100xas long as short
Phemex ETHUSDT+0.0038%8h$265.4M$65.8M150xas long as short
Coinbase International ETH-PERP-INTX+0.0056%1h$61.2M$4.83B50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bullet ETH-USD+0.0064%1h$183K$1.9M20xas long as short
Phoenix ETH+0.0070%1h$1.4M$2.4M25xas long as short
Bitget ETHUSDT+0.0079%8h$2.12B$3.09B150xas long as short
Lighter ETH+0.0096%1h$119.3M$491.1M50xas long as short
Lighter RH ETH+0.0096%1h$25.5M$120.3M50xas long as short
Aevo ETH-PERP+0.0096%1h$5.0M$757K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.4M$11.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h$481K$1.9M50xas long as short
Nado ETH-PERP+0.0100%1h$19.1M$113.5M50xas long as short
Aster ETHUSDT+0.0100%8h$269.4M$836.1M200xas long as short
Pacifica ETH+0.0100%1h$31.2M$198.0M50xas long as short
Binance ETHUSDT+0.0100%8h$6.59B$15.20B150xas long as short
Bybit ETHUSDT+0.0100%8h$2.49B$4.41B150xas long as short
Arcus ETH-USD+0.0100%1h$2.5M$15.1M25xas long as short
Bulk ETH-USD+0.0100%1h$152.3M$275.6M25xas long as short
MEXC ETH_USDT+0.0100%8h$1.54B$2.42B500xas long as short
KuCoin ETHUSDTM+0.0100%8h$398.9M$679.7M100xas long as short
BingX ETH-USDC+0.0100%8h—$15.9M—as long as short
Backpack ETH_USDC_PERPshort+0.0100%1h$15.2M$38.8M50x
Variational Omni ETH+0.0100%8h$153.3M$295.5M—as long as short
edgeX ETHUSDC+0.0100%4h$194.2M$683.8M100xas long as short
ApeX Omni ETHUSDT+0.0100%1h$7.6M$27.8M100xas long as short
StandX ETH-USD+0.0100%1h$21.1M$52.7M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.2M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.8M$5.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h$19K$24K25xas long as short
SunX ETH-USDT+0.0100%8h$948K$14.5M100xas long as short
SoDEX ETH-USD+0.0100%1h$51.1M$144.3M40xas long as short
HTX ETH-USDT+0.0100%8h$1.09B$1.19B200xas long as short
Extended ETH-USDlong+0.0104%1h$33.3M$74.5M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h—$44.5M500xas long as short
Reya ETHRUSDPERP+0.0152%1h$7.3M$973K25xas long as short
Hyperliquid ETH+0.0159%1h$3.20B$2.13B25xas long as short
Deribit ETH-PERPETUAL+0.0164%1h$260.9M$216.8M50xas long as short
dYdX ETH-USD+0.0176%1h$20.2M$28.1M50xas long as short
Orderly PERP_ETH_USDC+0.0213%8h$32.3M$11.2M100xas long as short
Ondo Perps ETH-USD.P+0.0219%1h$3.2M$13.3M25xas long as short
BloFin ETH-USDT+0.0220%8h$296.1M$180.1M150xas long as short
Hibachi ETH/USDT-P+0.0248%1h$303K$1.3M20xas long as short
Aftermath Perps ETHUSD+0.0254%1h$29K$34K20xas long as short
Kraken Futures PF_ETHUSD+0.0259%1h$86.3M$316.9M100xas long as short
RISEx ETH/USDC+0.0266%1h$5.9M$13.7M25xas long as short
Derive ETH-PERP+0.0310%1h$42.6M$25.0M15xas long as short
01 Exchange ETHUSD+0.0648%1h$183K$1.1M50xas long as short