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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Katana Perps+0.153%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Variational Omni
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−0.160%−$16 · spread now +0.153%, 7d avg +0.042%
Together, before fees−0.165%+ Points / potential airdropVariational Omni: Active · farm board−$17 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: Variational Omni is 0.111% dearer against Katana Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,766.10.0100pay 0.0100% / 8h23m 42s$475K$2.7M50x
ShortVariational Omni ETH2,770.30.0100get 0.0100% / 8h23m 42s$147.5M$336.1M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: +0.153% → +0.042%
$11.09
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$7.34
Costs to cover
0.038%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Variational Omni: RFQ quote, just now. 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 Variational Omni RFQ quote, just now0.52 bpdoesn't fit0.8 bp −$85.5 bp −$551doesn'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−0.0223%43m2,768.5+0.087%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,766.6+0.018%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.571%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.2+0.040%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.226%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,767.2+0.040%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,767+0.033%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.181%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.2+0.075%$22.4M—200xas long as short
BingX ETH-USDT+0.0016%8h2,766.9+0.027%—$1.22B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,766.8+0.026%$1.70B$11.86B100xas long as short
Aftermath Perps ETHUSD+0.0023%1h2,772.5+0.232%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,768.1+0.073%$12.8M—200xas long as short
Aster ETHUSDT+0.0029%8h2,767.3+0.044%$255.4M$1.00B200xas long as short
SoDEX ETH-USD+0.0032%1h2,766.3+0.007%$55.1M$229.0M40xas long as short
Phemex ETHUSDT+0.0036%8h2,767.3+0.043%$269.8M$69.0M150xas long as short
Deribit ETH-PERPETUAL+0.0043%1h2,767.8+0.062%$259.0M$222.4M50xas long as short
Bullet ETH-USD+0.0045%1h2,767.4+0.048%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,763.8−0.081%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,767.4+0.047%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,766.7+0.022%$6.44B$17.31B150xas long as short
Bitget ETHUSDT+0.0066%8h2,766.6+0.017%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,766.8+0.026%$3.28B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,766−0.003%$420.3M$739.9M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,768+0.070%$60.0M$4.58B50xas long as short
Bybit ETHUSDT+0.0089%8h2,767.1+0.036%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,768.5+0.086%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,766−0.003%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,766.8+0.024%$115.0M$499.7M50xas long as short
Lighter RH ETH+0.0096%1h2,767.5+0.050%$25.2M$121.6M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,766.6+0.017%$15.9M$10.1M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,766.1long leg$475K$2.7M50x
Nado ETH-PERP+0.0100%1h2,767.7+0.058%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,767.8+0.061%$3.17B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,767.5+0.051%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,765.6−0.018%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.6+0.056%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.246%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,765.9−0.009%$15.1M$44.4M50xas long as short
Variational Omni ETHshort+0.0100%8h2,770.3+0.153%$147.5M$336.1M—
edgeX ETHUSDC+0.0100%4h2,768.5+0.085%$181.7M$783.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.186%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.192%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.8+0.061%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.1+0.073%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,767.3+0.043%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,769+0.103%$42.6M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,766.2+0.005%$32.5M$78.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.7+0.168%—$42.0M500xas long as short
Kalshi KXETHPERP+0.0113%8h2,768.9+0.101%$8.2M$687.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,767.7+0.056%$87.0M$335.4M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,769.3+0.116%$32.5M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.141%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,767.3+0.044%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.194%$252K$1.6M20xas long as short