Settings8H · net · $10k
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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 00:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.017%
Price spread now: Deribit against OKX+0.050%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$180.185% of the position
Long on OKXShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.050%, 7d avg +0.053%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,769.20.0020pay 0.0020% / 8h26m 05s$1.70B$11.85B100x
ShortDeribit ETH-PERPETUAL2,770.60.0057get 0.0007% / 1h26m 05s$259.0M$222.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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
$7.76
Price spread: +0.050% → +0.053%
−$0.24
Slippage, 4 orders
−$1.45
Fee OKX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$10.94
Costs to cover
0.185%
Break-even
16.9 days
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.02 bp5.0 bp −$55.0 bp −$505.1 bp −$5056.7 bp −$3,341
Sell Deribit live order book, 3 min ago0.09 bp3.7 bp −$45.0 bp −$509.0 bp −$89817.5 bp −$8,758

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%43m2,770.4+0.045%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.3+0.039%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.459%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.3+0.076%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.114%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.8+0.058%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.6+0.087%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,773.6+0.159%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.5+0.046%$22.4M—200xas long as short
OKX ETH-USDT-SWAPlong+0.0020%8h2,769.2long leg$1.70B$11.85B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0020%1h2,773.9+0.172%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.4+0.043%$12.9M—200xas long as short
Aster ETHUSDT+0.0031%8h2,768.9−0.009%$255.5M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,769.4+0.008%$270.0M$69.0M150xas long as short
SoDEX ETH-USD+0.0035%1h2,768.9−0.010%$55.1M$229.0M40xas long as short
BingX ETH-USDT+0.0046%8h2,768.9−0.010%—$1.21B—as long as short
Bullet ETH-USD+0.0049%1h2,769.6+0.015%$182K$1.7M20xas long as short
Deribit ETH-PERPETUALshort+0.0057%1h2,770.6+0.050%$259.0M$222.3M50x
Binance ETHUSDT+0.0059%8h2,769−0.007%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0060%8h2,768.7−0.017%$1.60B$2.65B500xas long as short
Aevo ETH-PERP+0.0064%1h2,766.3−0.103%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0066%8h2,768.9−0.012%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,768.9−0.010%$3.29B$9.65B200xas long as short
KuCoin ETHUSDTM+0.0084%8h2,769.3+0.005%$420.8M$739.8M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,770.2+0.037%$59.9M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,769.2−0.001%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,771+0.064%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,769−0.006%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.5+0.011%$115.1M$499.5M50xas long as short
Lighter RH ETH+0.0096%1h2,770.8+0.059%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.9+0.135%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.2+0.037%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.5+0.047%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.6+0.051%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.4+0.080%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,771.6+0.087%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.6+0.051%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.8+0.093%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.134%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.1−0.003%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.041%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.107%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.1+0.178%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,771.5+0.083%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.4+0.044%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.2+0.036%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.5+0.083%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,771.2+0.073%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,768.4−0.028%$32.5M$78.1M50xas long as short
Kalshi KXETHPERP+0.0114%8h2,772.1+0.105%$8.2M$686.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,769.9+0.027%$86.3M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,771.7+0.089%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,770.9+0.062%$287.2M$194.1M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,769.9+0.027%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.7+0.090%$252K$1.6M20xas long as short