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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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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.

Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Katana Perps−0.022%7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on SunX
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 3 days (all we have)−0.030%−$3 · spread now −0.022%, 7d avg −0.021%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,746.50.0100pay 0.0100% / 8h6h 18m$477K$2.9M50x
ShortSunX ETH-USDT2,745.90.0100get 0.0100% / 8h6h 18m$964K$12.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.022% → −0.021%
−$0.11
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$11.87
Costs to cover
0.118%
Break-even
1890.3 days
Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago0.02 bp4.0 bp −$44.7 bp −$477.3 bp −$72610.5 bp −$5,236
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%43m2,747.6+0.041%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.047%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,747.6+0.040%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.2+0.024%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,747.2+0.025%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,747+0.019%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.5+0.038%$22.2M—200xas long as short
ApeX Omni ETHUSDT+0.0019%1h2,749.4+0.106%$8.7M$31.4M100xas long as short
01 Exchange ETHUSD+0.0024%1h2,747.9+0.051%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0037%8h2,750+0.128%—$1.18B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0048%8h2,750+0.127%$1.70B$10.97B100xas long as short
HTX ETH-USDT+0.0056%8h2,747.5+0.037%$1.06B$1.20B200xas long as short
Aster ETHUSDT+0.0070%8h2,750+0.126%$253.3M$858.6M200xas long as short
KuCoin ETHUSDTM+0.0071%8h2,749.4+0.104%$372.5M$610.2M100xas long as short
Aevo ETH-PERP+0.0080%1h2,745−0.056%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0080%8h2,749.8+0.120%$6.39B$16.22B150xas long as short
MEXC ETH_USDT+0.0081%8h2,749.5+0.109%$1.57B$2.57B500xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.7+0.079%$59.0M$4.34B50xas long as short
Gate ETH_USDT+0.0091%8h2,750.3+0.139%$3.39B$8.91B200xas long as short
Bitget ETHUSDT+0.0094%8h2,749.9+0.123%$2.08B$2.84B150xas long as short
Lighter ETH+0.0096%1h2,748.1+0.059%$113.0M$443.8M50xas long as short
Lighter RH ETH+0.0096%1h2,749.5+0.109%$24.8M$107.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.6+0.040%—$35.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751+0.164%$16.3M$8.2M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,746.5long leg$477K$2.9M50x
Nado ETH-PERP+0.0100%1h2,746.8+0.011%$14.0M$112.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,751+0.164%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,747.3+0.030%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749.8+0.121%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,746.7+0.007%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.8+0.046%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749+0.090%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7+0.081%$133.2M$345.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,749.6+0.113%$181.8M$704.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,752+0.199%$160.0M$83.0M50xas long as short
StandX ETH-USD+0.0100%1h2,747.8+0.047%$21.3M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,748.5+0.074%—$869K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.2+0.062%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.8+0.009%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.8+0.048%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,749.4+0.106%$41.7M$29.5M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,745.9−0.022%$964K$12.3M100x
SoDEX ETH-USD+0.0100%1h2,747.7+0.044%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.9+0.049%$267.2M$65.9M150xas long as short
Bulk ETH-USD+0.0100%1h2,751.8+0.193%$165.7M$300.7M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,749.9+0.125%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,749.1+0.095%$30.5M$73.5M50xas long as short
Kalshi KXETHPERP+0.0143%8h2,748.3+0.066%$7.7M$674.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0150%1h2,749.4+0.104%$258.5M$199.8M50xas long as short
Orderly PERP_ETH_USDC+0.0172%8h2,750+0.128%$32.3M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,750.9+0.162%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.3−0.007%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0221%1h2,747.5+0.035%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.8+0.084%$89.2M$317.0M100xas long as short