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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 01:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.020%
Price spread now: Extended against OKX+0.057%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Long on OKXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.101%+$10 on $10k
Price spread, last 7 days−0.095%−$9 · spread now +0.057%, 7d avg −0.044%
Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.101% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,769.40.0024pay 0.0024% / 8h7h 35m$1.71B$11.22B100x
ShortExtended ETH-USD2,7710.0104get 0.0013% / 1h35m 43s$31.3M$74.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$16.89
Price spread: +0.057% → −0.044%
$10.14
Slippage, 4 orders
−$0.79
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$11.24
Costs to cover
0.158%
Break-even
2.3 days
Slippage from OKX: live order book, 3 min ago; Extended: 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 −$505.5 bp −$5527.9 bp −$3,967
Sell Extended live order book, 3 min ago0.18 bp3.1 bp −$33.6 bp −$366.1 bp −$60515.9 bp −$7,928

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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.236%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,773.5+0.148%$5.7M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,772+0.094%$321K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.2+0.172%$5K$1K50xas long as short
Phemex ETHUSDT−0.0059%8h2,772.6+0.115%$269.9M$67.5M150xas long as short
01 Exchange ETHUSD−0.0040%1h2,773.6+0.150%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5+0.074%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771+0.056%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.3+0.138%$22.4M—200xas long as short
OKX ETH-USDT-SWAPlong+0.0024%8h2,769.4long leg$1.71B$11.22B100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0024%1h2,772.5+0.110%$183K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,773.2+0.135%$12.7M—200xas long as short
Aster ETHUSDT+0.0040%8h2,770.4+0.035%$256.7M$886.7M200xas long as short
SoDEX ETH-USD+0.0040%1h2,772.8+0.121%$55.2M$187.9M40xas long as short
MEXC ETH_USDT+0.0055%8h2,769.5+0.004%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.8+0.012%$6.47B$16.40B150xas long as short
Aevo ETH-PERP+0.0056%1h2,771.5+0.074%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0060%1h2,773.2+0.136%$31K$23K20xas long as short
HTX ETH-USDT+0.0066%8h2,773.3+0.140%$1.08B$1.26B200xas long as short
Bitget ETHUSDT+0.0070%8h2,769.5+0.004%$2.10B$2.88B150xas long as short
Gate ETH_USDT+0.0075%8h2,770.6+0.042%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,774.1+0.169%$60.4M$4.46B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,770.1+0.023%$420.2M$634.7M100xas long as short
Vest ETH-PERP+0.0084%1h2,773+0.127%—$878K50xas long as short
ApeX Omni ETHUSDT+0.0093%1h2,773+0.129%$8.7M$32.3M100xas long as short
Lighter ETH+0.0096%1h2,770.4+0.034%$115.2M$457.4M50xas long as short
Lighter RH ETH+0.0096%1h2,772.4+0.107%$25.8M$111.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3+0.031%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.7+0.154%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,772.7+0.118%$14.8M$115.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.9+0.123%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.5+0.040%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770+0.021%$2.50B$4.39B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8+0.013%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.1+0.023%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8+0.014%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.4+0.034%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.5+0.111%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.102%$142.1M$343.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,773+0.127%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.073%$161.2M$84.7M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.114%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.9+0.125%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,801.3+1.151%$22K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,775+0.202%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,773+0.130%$972K$13.3M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,774.3+0.176%$259.1M$207.5M50xas long as short
Extended ETH-USDshort+0.0104%1h2,771+0.057%$31.3M$74.0M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.5+0.147%—$38.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,774.4+0.179%$8.1M$684.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,774.2+0.173%$93.4M$317.4M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,775.6+0.221%$32.7M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771.4+0.071%$252K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,773.9+0.162%$288.3M$186.4M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,772.6+0.114%$7.3M$1.2M25xas long as short