data as of
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Funding arb /

ETH

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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 18:00 UTC+0.0021%/8h
paid, last 24h+0.036%paid, last 7 days+0.143%to open and close $10k−$25
Long on GateShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,745.70.0079pay 0.0079% / 8h6h 24m$3.39B$8.88B200x
ShortBackpack ETH_USDC_PERP2,746.50.0100get 0.0013% / 1h24m 08s$15.4M$40.3M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$4.41
Slippage, 4 orders
−$0.15
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$20.74
Break-even
39.9 days
Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.030%
Avg gap 7d
−0.029%
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 Gate live order book, 1 min ago0.02 bp7.5 bp −$87.9 bp −$7912.0 bp −$1,20021.9 bp −$11.0K
Sell Backpack live order book, 1 min ago0.02 bp5.0 bp −$56.3 bp −$6327.4 bp −$2,742doesn't fit

ETH on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$336K$6.2M8.3xas long as short
Injective ETH/USDC PERP−0.0275%1h$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0061%1h$8.1M$27.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
SoDEX ETH-USD−0.0010%1h$55.4M$161.9M40xas long as short
dYdX ETH-USD−0.0005%1h$13.7M$37.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.2M—200xas long as short
BingX ETH-USDT+0.0010%8h—$1.09B—as long as short
Bulk ETH-USD+0.0011%1h$159.4M$270.1M25xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0013%8h$1.72B$10.92B100xas long as short
01 Exchange ETHUSD+0.0016%1h$179K$1.2M50xas long as short
Phemex ETHUSDT+0.0056%8h$264.8M$65.6M150xas long as short
Aevo ETH-PERP+0.0056%1h$5.0M$683K20xas long as short
MEXC ETH_USDT+0.0057%8h$1.55B$2.43B500xas long as short
Binance ETHUSDT+0.0057%8h$6.52B$15.73B150xas long as short
Deribit ETH-PERPETUAL+0.0074%1h$258.5M$204.2M50xas long as short
Phoenix ETH+0.0078%1h$1.3M$2.2M25xas long as short
Gate ETH_USDTlong+0.0079%8h$3.39B$8.88B200x
Bitget ETHUSDT+0.0083%8h$2.10B$2.99B150xas long as short
Bullet ETH-USD+0.0085%1h$194K$1.8M20xas long as short
Extended ETH-USD+0.0088%1h$31.8M$74.8M50xas long as short
HTX ETH-USDT+0.0093%8h$1.08B$1.18B200xas long as short
Lighter ETH+0.0096%1h$115.8M$494.9M50xas long as short
Lighter RH ETH+0.0096%1h$25.2M$119.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.8M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h$486K$2.2M50xas long as short
Nado ETH-PERP+0.0100%1h$17.6M$110.4M50xas long as short
Aster ETHUSDT+0.0100%8h$269.1M$926.2M200xas long as short
Pacifica ETH+0.0100%1h$31.0M$234.2M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.50B$4.34B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$2.9M$14.8M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.0M25xas long as short
KuCoin ETHUSDTM+0.0100%8h$439.4M$676.9M100xas long as short
Backpack ETH_USDC_PERPshort+0.0100%1h$15.4M$40.3M50x
Variational Omni ETH+0.0100%8h$145.3M$311.0M—as long as short
edgeX ETHUSDC+0.0100%4h$178.4M$743.4M100xas long as short
StandX ETH-USD+0.0100%1h$21.2M$51.5M40xas long as short
Vest ETH-PERP+0.0100%1h—$1.0M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$26K25xas long as short
Derive ETH-PERP+0.0100%1h$42.4M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h$962K$14.2M100xas long as short
RISEx ETH/USDC+0.0105%1h$5.8M$12.0M25xas long as short
Hyperliquid ETH+0.0126%1h$3.24B$2.09B25xas long as short
Coinbase International ETH-PERP-INTX+0.0136%1h$59.6M$4.55B50xas long as short
Kalshi KXETHPERP+0.0143%8h$9.6M$592.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0159%8h$32.3M$10.6M100xas long as short
BloFin ETH-USDT+0.0178%8h$292.5M$173.2M150xas long as short
Reya ETHRUSDPERP+0.0192%1h$7.3M$908K25xas long as short
Kraken Futures PF_ETHUSD+0.0208%1h$84.7M$318.9M100xas long as short
Hibachi ETH/USDT-P+0.0224%1h$282K$1.4M20xas long as short
Aftermath Perps ETHUSD+0.0256%1h$29K$20K20xas long as short