ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Katana Perps−0.014%7-day average +0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.014%, 7d avg +0.036%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.050% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ETH-USD	2,776.3	0.0100	pay 0.0100% / 8h	1h 16m	$478K	$2.7M	50x
Short	Bybit ETHUSDT	2,775.9	0.0093	get 0.0093% / 8h	1h 16m	$2.52B	$4.62B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee Katana PerpsbpFee BybitbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$1.41
Price spread: −0.014% → +0.036%: −$4.99
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.21
Costs to cover: 0.148%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Katana Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.02 bp	5.5 bp −$6	6.1 bp −$61	7.8 bp −$779	10.7 bp −$5,328

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,775	−0.047%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776	−0.010%	$5.7M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,775.2	−0.040%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.119%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,776.5	+0.007%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0011%	1h	2,777.4	+0.040%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.6	−0.024%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.6	+0.119%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.9	−0.013%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.2	−0.004%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0019%	8h	2,775.7	−0.023%	$1.70B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,775.6	−0.026%	$270.0M	$68.5M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,775.8	−0.019%	$12.9M	—	200x	as long as short
Deribit ETH-PERPETUAL	+0.0027%	1h	2,776.8	+0.017%	$258.4M	$222.4M	50x	as long as short
Bullet ETH-USD	+0.0036%	1h	2,776	−0.011%	$182K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,776.1	−0.008%	$256.6M	$991.8M	200x	as long as short
Nado ETH-PERP	+0.0059%	1h	2,775.9	−0.013%	$14.2M	$118.2M	50x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,774.3	−0.070%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,775.9	−0.014%	$6.44B	$17.21B	150x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,776.1	−0.008%	$1.62B	$2.67B	500x	as long as short
Bitget ETHUSDT	+0.0069%	8h	2,776	−0.013%	$2.10B	$3.10B	150x	as long as short
ApeX Omni ETHUSDT	+0.0073%	1h	2,780.3	+0.142%	$8.8M	$32.6M	100x	as long as short
Gate ETH_USDT	+0.0074%	8h	2,776.2	−0.004%	$3.29B	$9.65B	200x	as long as short
SoDEX ETH-USD	+0.0076%	1h	2,775.4	−0.032%	$55.3M	$228.9M	40x	as long as short
Bybit ETHUSDTshort	+0.0093%	8h	2,775.9	−0.014%	$2.52B	$4.62B	150x
HTX ETH-USDT	+0.0095%	8h	2,774.7	−0.057%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.5	−0.029%	$115.2M	$502.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.2	+0.033%	$25.4M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,776.6	+0.010%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0098%	8h	2,775.5	−0.030%	$422.5M	$739.3M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775	−0.048%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USDlong	+0.0100%	8h	2,776.3	long leg	$478K	$2.7M	50x
Hyperliquid ETH	+0.0100%	1h	2,778.6	+0.083%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776	−0.013%	$31.3M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,774.7	−0.058%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,777.6	+0.048%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,778.9	+0.094%	$165.9M	$253.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.6	−0.026%	$15.2M	$44.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,778.6	+0.083%	$136.7M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,779.6	+0.120%	$181.9M	$783.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777.6	+0.047%	$161.5M	$91.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,776.9	+0.022%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,777.2	+0.032%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.1	−0.008%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.6	+0.048%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	−0.047%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.5	+0.007%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.7	−0.022%	$32.6M	$77.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.4	+0.005%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0126%	8h	2,776.7	+0.014%	$8.4M	$679.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,778	+0.062%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,776.2	−0.003%	$86.0M	$332.3M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,775.5	−0.028%	$284.2M	$194.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0193%	1h	2,775.8	−0.019%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,778.8	+0.090%	$270K	$1.5M	20x	as long as short