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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 05:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.008%
Price spread now: Binance against Extended+0.021%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Long on ExtendedShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.108%−$11 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.021%, 7d avg +0.048%
Together, before fees−0.101%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,726.20.0104pay 0.0013% / 1h2m 50s$30.6M$73.7M50x
ShortBinance ETHUSDT2,726.80.0082get 0.0082% / 8h3h 02m$6.32B$15.96B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$4.53
Price spread: +0.021% → +0.048%
−$2.76
Slippage, 4 orders
−$0.4
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$22.69
Costs to cover
0.154%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Binance: live order book, 11 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 Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$274.1 bp −$40912.0 bp −$5,995
Sell Binance live order book, 11 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$5988.3 bp −$4,156

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−0.0335%43m2,727.4+0.044%$290K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731.8+0.205%$5K$1K50xas long as short
HTX ETH-USDT−0.0021%8h2,726.2+0.001%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727+0.027%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,731.9+0.208%$816K$2.9M25xas long as short
dYdX ETH-USD+0.0006%1h2,727.7+0.053%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.1+0.032%$28.0M—200xas long as short
BingX ETH-USDT+0.0031%8h2,726.7+0.018%—$1.14B—as long as short
Bybit ETHUSDT+0.0035%8h2,726.6+0.013%$2.36B$4.40B150xas long as short
Bullet ETH-USD+0.0039%1h2,726.6+0.014%$179K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.5+0.047%$186K$785K50xas long as short
SunX ETH-USDT+0.0056%8h2,725.4−0.029%$955K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0062%8h2,727.3+0.039%$376.9M$575.0M100xas long as short
Aster ETHUSDT+0.0077%8h2,726.7+0.018%$252.4M$842.9M200xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.083%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0082%8h2,726.8+0.022%$1.67B$10.73B100xas long as short
MEXC ETH_USDT+0.0082%8h2,727+0.027%$1.55B$2.59B500xas long as short
Binance ETHUSDTshort+0.0082%8h2,726.8+0.021%$6.32B$15.96B150x
Phemex ETHUSDT+0.0087%8h2,726.8+0.021%$264.2M$63.9M150xas long as short
ApeX Omni ETHUSDT+0.0091%1h2,728.3+0.076%$8.7M$31.2M100xas long as short
Aftermath Perps ETHUSD+0.0092%1h2,729.4+0.116%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,727.2+0.034%$112.0M$437.6M50xas long as short
Lighter RH ETH+0.0096%1h2,728.6+0.088%$23.4M$104.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,731.1+0.179%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,728.9+0.098%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0098%1h2,726.7+0.018%$54.3M$187.8M40xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.4+0.007%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.4+0.081%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.3+0.077%$13.8M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.9+0.098%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728.1+0.070%$31.9M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.2+0.036%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.5+0.048%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.073%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.9+0.026%$3.33B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.7+0.018%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.2−0.002%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,730+0.137%$134.8M$322.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,729+0.101%$183.6M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.5+0.120%$158.8M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,730.9+0.172%$21.0M$72.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.1+0.106%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.4+0.080%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.8+0.021%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728+0.066%$40.9M$30.1M15xas long as short
Kalshi KXETHPERP+0.0104%8h2,728.2+0.073%$6.4M$688.1M4.9xas long as short
Extended ETH-USDlong+0.0104%1h2,726.2long leg$30.6M$73.7M50x
RISEx ETH/USDC+0.0107%1h2,727.4+0.043%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.8+0.056%$50.5M$4.28B50xas long as short
Deribit ETH-PERPETUAL+0.0146%1h2,728.1+0.069%$258.4M$202.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.5+0.047%$82.8M$316.7M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,728.7+0.089%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0206%1h2,726.3+0.002%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,732.2+0.218%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0330%8h2,726.9+0.026%$281.7M$174.5M150xas long as short