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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 08:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.023%
Price spread now: Katana Perps against Reya+0.007%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.050%−$5 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.007%, 7d avg −0.009%
Together, before fees−0.060%+ Points / potential airdropReya: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,722.90.0182pay 0.0023% / 1h35m 25s$7.3M$975K25x
ShortKatana Perps ETH-USD2,723.10.0100get 0.0100% / 8h35m 25s$500K$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Reya. 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
−$17.28
Price spread: +0.007% → −0.009%
$1.5
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$25.58
Costs to cover
0.098%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Katana Perps: no order-book sample. 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 Reya no order-book sample—————
Sell Katana Perps no order-book sample—————
Reya and 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−0.0447%43m2,725+0.077%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0183%8h2,723.9+0.036%$280.3M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724+0.040%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,725.1+0.080%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.5+0.095%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,725+0.077%$10.5M$42.5M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.8+0.106%$6.6M$682.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.8+0.106%$262.6M$212.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.6+0.099%$32.9M—200xas long as short
BingX ETH-USDC+0.0019%8h2,722.9−0.002%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0022%8h2,723.1+0.005%$2.32B$4.36B150xas long as short
HTX ETH-USDT+0.0027%8h2,724.2+0.047%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,724+0.040%$190K$891K50xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,724.3+0.049%$8.5M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,726.3+0.124%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,725.5+0.093%$82.1M$310.0M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,725.8+0.105%$239K$1.4M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,724.2+0.045%$383.8M$577.9M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,723+0.004%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0077%8h2,723.3+0.015%$252.2M$849.5M200xas long as short
SoDEX ETH-USD+0.0085%1h2,724.8+0.069%$54.3M$187.2M40xas long as short
Aevo ETH-PERP+0.0088%1h2,722.4−0.018%$4.9M$185K20xas long as short
MEXC ETH_USDT+0.0090%8h2,723.5+0.022%$1.57B$2.57B500xas long as short
Binance ETHUSDT+0.0090%8h2,723.3+0.015%$6.30B$16.17B150xas long as short
Lighter ETH+0.0096%1h2,724.6+0.060%$112.2M$430.6M50xas long as short
Lighter RH ETH+0.0096%1h2,725.7+0.103%$23.4M$102.1M50xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,728.4+0.203%$30K$20K20xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,723.1+0.007%$500K$3.6M50x
Paradex ETH-USD-PERP+0.0100%8h2,727.3+0.159%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,724+0.040%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.3+0.124%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,724.7+0.065%$31.9M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.3+0.014%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.1+0.044%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,726.2+0.122%$163.3M$356.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.6+0.024%$3.30B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,723.6+0.026%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,724.9+0.072%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1+0.044%$133.4M$317.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.6+0.061%$185.3M$682.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.6+0.173%$158.6M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,724.5+0.058%$20.9M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.4+0.091%—$446K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,724.8+0.069%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.1+0.080%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,725.5+0.095%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,726.6+0.133%$40.8M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.1+0.005%$955K$10.9M100xas long as short
Phemex ETHUSDT+0.0100%8h2,725.2+0.083%$262.8M$64.5M150xas long as short
Extended ETH-USD+0.0104%1h2,722.6−0.014%$30.4M$72.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,724+0.040%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.8+0.106%$46.7M$4.29B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724+0.041%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERPlong+0.0182%1h2,722.9long leg$7.3M$975K25x
Orderly PERP_ETH_USDC+0.0184%8h2,727.7+0.175%$32.1M$11.2M100xas long as short