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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 03:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.020%
Price spread now: OKX against Extended+0.041%7-day average +0.044% · 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−$16as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Long on ExtendedShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.106%−$11 on $10k
Price spread, last 7 days−0.002%$0 · spread now +0.041%, 7d avg +0.044%
Together, before fees−0.108%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,742.30.0104pay 0.0013% / 1h9m 37s$30.7M$71.9M50x
ShortOKX ETH-USDT-SWAP2,743.50.0068get 0.0068% / 8h5h 09m$1.71B$10.55B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$7.63
Price spread: +0.041% → +0.044%
−$0.25
Slippage, 4 orders
−$0.62
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$23.5
Costs to cover
0.156%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago0.18 bp2.7 bp −$32.7 bp −$274.1 bp −$41211.2 bp −$5,622
Sell OKX live order book, 5 min ago0.02 bp5.2 bp −$56.0 bp −$607.0 bp −$7038.9 bp −$4,434

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
Hotstuff ETH-PERP−0.0080%1h2,744.2+0.068%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.246%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.8+0.125%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,746.2+0.141%$305K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,744.9+0.095%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.8+0.126%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,746.8+0.163%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,744.2+0.068%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4+0.076%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,742.8+0.017%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPshort+0.0068%8h2,743.5+0.041%$1.71B$10.55B100x
KuCoin ETHUSDTM+0.0071%8h2,743.2+0.031%$381.8M$575.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,745.3+0.108%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,743.8+0.055%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,743.7+0.051%$253.9M$840.9M200xas long as short
SoDEX ETH-USD+0.0090%1h2,745.3+0.108%$54.7M$187.6M40xas long as short
MEXC ETH_USDT+0.0094%8h2,743.2+0.031%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,742.8+0.017%$6.38B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,743.4+0.040%$112.8M$436.1M50xas long as short
Lighter RH ETH+0.0096%1h2,744.7+0.087%$24.6M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.185%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,744+0.060%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.145%$55.6M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747.7+0.197%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.035%$467K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,746.8+0.164%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.8+0.126%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.061%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.4+0.037%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3+0.108%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.9+0.056%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.154%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.5+0.041%$3.39B$8.78B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.3+0.036%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.2+0.067%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1+0.028%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.6+0.044%$182.4M$665.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.050%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,744.4+0.075%$21.2M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.2+0.176%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.177%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.175%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.1+0.136%$963K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.6+0.154%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.2+0.104%$266.8M$64.9M150xas long as short
Extended ETH-USDlong+0.0104%1h2,742.3long leg$30.7M$71.9M50x
Aftermath Perps ETHUSD+0.0133%1h2,745.7+0.123%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,746.5+0.152%$7.8M$670.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,747.7+0.197%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0202%1h2,747.1+0.175%$259.8M$195.3M50xas long as short
BloFin ETH-USDT+0.0218%8h2,745.4+0.111%$285.8M$180.2M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.4+0.149%$86.6M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,744.8+0.088%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.8+0.128%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0380%1h2,745.6+0.119%$21K$20K25xas long as short