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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 04:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.026%
Price spread now: Bluefin against Binance+0.076%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.076% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,732.50.0095pay 0.0095% / 8h4h 21m$6.35B$15.86B150x
ShortBluefin ETH-PERP2,734.60.0100get 0.0013% / 1h21m 45s$21K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Binance. 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
$1
Price spread: +0.076% → 0.000%
$7.63
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$8.37
Costs to cover
0.170%
Break-even
65.6 days
Slippage unknown: Binance: live order book, 7 min ago; Bluefin: 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 Binance live order book, 7 min ago0.02 bp5.0 bp −$55.0 bp −$505.4 bp −$5447.9 bp −$3,931
Sell Bluefin no order-book sample—————
Bluefin: 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%43m2,734.9+0.088%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.3+0.103%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.9+0.089%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734+0.054%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.019%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.2+0.100%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.092%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.1+0.058%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,733.6+0.041%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.091%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0048%8h2,731.7−0.029%$1.06B$1.20B200xas long as short
BingX ETH-USDC+0.0055%8h2,732.8+0.010%—$18.4M—as long as short
Bybit ETHUSDT+0.0063%8h2,732.3−0.007%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,733.2+0.025%$380.2M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,732.1−0.016%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0071%8h2,733.6+0.041%$265.8M$65.3M150xas long as short
SoDEX ETH-USD+0.0085%1h2,733.7+0.045%$54.4M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,733+0.020%$250.9M$842.6M200xas long as short
MEXC ETH_USDT+0.0095%8h2,732.4−0.004%$1.54B$2.56B500xas long as short
Binance ETHUSDTlong+0.0095%8h2,732.5long leg$6.35B$15.86B150x
Lighter ETH+0.0096%1h2,732.9+0.014%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,734+0.055%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.6+0.077%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.3−0.045%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.8+0.159%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.1+0.095%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7+0.081%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.8+0.049%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.3+0.103%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.5+0.038%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.7+0.008%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2+0.100%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.4+0.033%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.1+0.023%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2−0.009%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8+0.011%$133.6M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,733.7+0.043%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7+0.044%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.067%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.1+0.095%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.8+0.122%$11.2M$9.1M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,734.6+0.076%$21K$20K25x
Derive ETH-PERP+0.0100%1h2,735.6+0.114%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.7+0.046%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.086%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,732.4−0.004%$30.3M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0108%1h2,735+0.091%$260.1M$195.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.9+0.087%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,735+0.092%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0139%8h2,734.4+0.070%$6.7M$678.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.2+0.135%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,733.1+0.021%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,734.3+0.066%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,736+0.131%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0379%8h2,735.3+0.102%$282.7M$175.2M150xas long as short