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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 02:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.006%
Price spread now: 01 Exchange against OKX+0.023%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Long on OKXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.023%, 7d avg +0.033%
Together, before fees−0.014%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, 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-SWAP2,7450.0037pay 0.0037% / 8h6h 41m$1.68B$11.10B100x
Short01 Exchange ETHUSD2,745.60.0008get 0.0001% / 1h41m 56s$180K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$6.08
Price spread: +0.023% → +0.033%
−$1.04
Slippage, 4 orders
−$3.72
Fee OKX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$27.84
Costs to cover
0.207%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; 01 Exchange: live order book, 2 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, 2 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$6058.1 bp −$4,041
Sell 01 Exchange live order book, 2 min ago0.91 bp5.7 bp −$69.9 bp −$99doesn't fitdoesn't fit

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−0.0447%43m2,746.1+0.042%$313K$6.1M8.3xas long as short
ApeX Omni ETHUSDT−0.0149%1h2,751+0.219%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,745.8+0.030%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.4+0.015%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4−0.019%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.7+0.172%$864K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.6+0.059%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,744.5−0.017%$22.2M—200xas long as short
01 Exchange ETHUSDshort+0.0008%1h2,745.6+0.023%$180K$1.1M50x
Deribit ETH-PERPETUAL+0.0020%1h2,745.6+0.022%$258.4M$202.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0028%8h2,744.7−0.009%—$1.20B—as long as short
OKX ETH-USDT-SWAPlong+0.0037%8h2,745long leg$1.68B$11.10B100x
HTX ETH-USDT+0.0056%8h2,743.8−0.041%$1.06B$1.23B200xas long as short
Aster ETHUSDT+0.0057%8h2,744.7−0.009%$255.5M$857.2M200xas long as short
Aevo ETH-PERP+0.0064%1h2,741.9−0.113%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0066%8h2,745.5+0.019%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0067%8h2,745.1+0.006%$6.34B$16.34B150xas long as short
Gate ETH_USDT+0.0074%8h2,745.7+0.026%$3.35B$8.78B200xas long as short
KuCoin ETHUSDTM+0.0077%8h2,745.3+0.011%$381.5M$607.9M100xas long as short
Bitget ETHUSDT+0.0086%8h2,744.6−0.013%$2.07B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,745.2+0.008%$59.2M$4.39B50xas long as short
Lighter ETH+0.0096%1h2,744.9−0.004%$113.1M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,746.2+0.045%$25.0M$106.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746+0.036%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,750.2+0.189%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,748.9+0.144%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.021%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.3+0.011%$14.0M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.4+0.089%$3.12B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,746+0.038%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.9−0.004%$2.46B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.006%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,746+0.037%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.234%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.2−0.028%$14.9M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,750+0.183%$133.2M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.8+0.213%$184.4M$736.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2+0.117%$159.8M$83.1M50xas long as short
StandX ETH-USD+0.0100%1h2,751.1+0.223%$21.3M$66.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.075%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4+0.016%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8−0.043%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.1−0.030%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.9+0.033%$41.9M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,744−0.036%$962K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.5−0.017%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.5−0.017%$267.0M$66.3M150xas long as short
Extended ETH-USD+0.0104%1h2,744.3−0.025%$30.9M$74.8M50xas long as short
Kalshi KXETHPERP+0.0136%8h2,745.8+0.030%$7.8M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0163%8h2,746.7+0.061%$32.3M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,751.9+0.252%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.287%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,751.8+0.249%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0218%1h2,745.4+0.016%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.2+0.008%$92.7M$316.2M100xas long as short