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Funding arb · Price arb /

ETH

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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: Pacifica against Katana Perps+0.005%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 7 days+0.025%+$2 · spread now +0.005%, 7d avg +0.044%
Together, before fees+0.024%+ Points / potential airdropPacifica: Active · farm board+$2 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: Pacifica is 0.039% cheaper against Katana Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,747.40.0100pay 0.0100% / 8h6h 00m$483K$3.0M50x
ShortPacifica ETH2,747.50.0100get 0.0013% / 1h0m 56s$31.7M$334.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Katana Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.005% → +0.044%
−$3.89
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.65
Costs to cover
0.118%
Break-even
2490.7 days
Slippage unknown: Katana Perps: no order-book sample; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.2 bp −$42doesn't fitdoesn'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 54 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−0.0112%43m2,747.8+0.013%$306K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.2+0.029%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.5+0.005%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.3−0.003%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.036%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748.2+0.027%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.5+0.002%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,747.8+0.015%$181K$979K50xas long as short
BingX ETH-USDT+0.0042%8h2,746.2−0.043%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,746.5−0.033%$1.70B$10.66B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.3−0.039%$369.6M$604.1M100xas long as short
Aster ETHUSDT+0.0074%8h2,746.9−0.019%$253.0M$845.1M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.8−0.057%$4.9M$167K20xas long as short
HTX ETH-USDT+0.0083%8h2,747−0.016%$1.06B$1.18B200xas long as short
MEXC ETH_USDT+0.0083%8h2,746−0.050%$1.58B$2.60B500xas long as short
Binance ETHUSDT+0.0083%8h2,746.4−0.038%$6.38B$15.88B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.1+0.024%$58.6M$4.29B50xas long as short
ApeX Omni ETHUSDT+0.0090%1h2,748.3+0.032%$8.8M$31.2M100xas long as short
Lighter ETH+0.0096%1h2,747.3−0.003%$113.0M$445.7M50xas long as short
Lighter RH ETH+0.0096%1h2,748.7+0.047%$24.7M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.5+0.003%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,752+0.167%$16.2M$8.0M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,747.4long leg$483K$3.0M50x
Nado ETH-PERP+0.0100%1h2,748+0.023%$13.9M$107.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,748.7+0.047%$3.12B$2.06B25xas long as short
Pacifica ETHshort+0.0100%1h2,747.5+0.005%$31.7M$334.3M50x
Bybit ETHUSDT+0.0100%8h2,746.5−0.033%$2.47B$4.20B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.6−0.029%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.7+0.010%$2.8M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,746.8−0.023%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.5−0.031%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.4−0.037%$15.0M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6−0.029%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,748.2+0.028%$182.1M$701.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.039%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2+0.029%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.4+0.037%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.007%$10.7M$8.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,747−0.016%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.5+0.003%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,749+0.059%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.4−0.035%$962K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.9−0.018%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.5+0.003%$267.5M$65.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.043%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,745.8−0.060%$30.6M$72.7M50xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,747.8+0.013%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0132%1h2,748.3+0.032%$258.9M$197.0M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,748+0.022%$7.9M$672.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,749.4+0.072%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.033%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.8−0.023%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,750+0.095%$250K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.8+0.016%$88.1M$313.6M100xas long as short