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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 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Arcus against Katana Perps+0.058%7-day average +0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.058%, 7d avg +0.063%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,744.40.0100pay 0.0100% / 8h6h 42m$467K$2.9M50x
ShortArcus ETH-USD2,7460.0100get 0.0013% / 1h42m 08s$2.8M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Katana Perps. 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
$0.04
Price spread: +0.058% → +0.063%
−$0.54
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$8.79
Costs to cover
0.083%
Break-even
1402.5 days
Slippage unknown: Katana Perps: no order-book sample; Arcus: live order book, 2 min ago. 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 Katana Perps no order-book sample—————
Sell Arcus live order book, 2 min ago0.38 bp2.8 bp −$33.5 bp −$354.6 bp −$463doesn't fit
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%43m2,746.1+0.063%$313K$6.1M8.3xas long as short
ApeX Omni ETHUSDT−0.0149%1h2,751+0.239%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,745.8+0.051%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.4+0.035%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4+0.002%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.7+0.193%$864K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.6+0.080%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,744.5+0.004%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,745.6+0.044%$180K$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0020%1h2,745.6+0.043%$258.4M$202.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0028%8h2,745.4+0.036%—$1.20B—as long as short
OKX ETH-USDT-SWAP+0.0037%8h2,745.1+0.026%$1.68B$11.09B100xas long as short
HTX ETH-USDT+0.0056%8h2,743.8−0.020%$1.06B$1.23B200xas long as short
Aster ETHUSDT+0.0057%8h2,745.4+0.037%$255.5M$857.2M200xas long as short
Aevo ETH-PERP+0.0064%1h2,741.9−0.092%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0066%8h2,744.6+0.007%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0067%8h2,744.5+0.004%$6.34B$16.33B150xas long as short
Gate ETH_USDT+0.0074%8h2,745.9+0.054%$3.35B$8.77B200xas long as short
KuCoin ETHUSDTM+0.0077%8h2,744.1−0.013%$381.5M$607.9M100xas long as short
Bitget ETHUSDT+0.0086%8h2,745.5+0.039%$2.07B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,745.2+0.028%$59.2M$4.39B50xas long as short
Lighter ETH+0.0096%1h2,744.9+0.016%$113.1M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,746.2+0.066%$25.0M$106.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746+0.057%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,750.2+0.210%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,748.9+0.164%$15.9M$8.2M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,744.4long leg$467K$2.9M50x
Nado ETH-PERP+0.0100%1h2,745.3+0.031%$14.0M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.7+0.120%$3.12B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,746+0.058%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.3+0.034%$2.46B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8+0.015%$2.8M$16.6M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,746+0.058%$2.8M$16.8M25x
Bulk ETH-USD+0.0100%1h2,751.4+0.254%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.2−0.007%$14.9M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,750+0.204%$133.2M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.8+0.234%$184.4M$736.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2+0.137%$159.8M$83.1M50xas long as short
StandX ETH-USD+0.0100%1h2,751.1+0.244%$21.3M$66.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.096%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4+0.036%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8−0.022%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.1−0.009%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.9+0.054%$41.9M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,744−0.015%$962K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.5+0.004%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.5+0.003%$267.0M$66.3M150xas long as short
Extended ETH-USD+0.0104%1h2,743.5−0.034%$30.9M$74.8M50xas long as short
Kalshi KXETHPERP+0.0136%8h2,745.8+0.051%$7.8M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0163%8h2,746.7+0.082%$32.3M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,751.9+0.273%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.308%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,751.8+0.270%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0218%1h2,745.4+0.037%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.2+0.029%$92.7M$316.2M100xas long as short