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 01:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.004%
Price spread now: Deribit against Binance+0.042%7-day average +0.043% · 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−$190.192% of the position
Long on BinanceShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.042%, 7d avg +0.043%
Together, before fees+0.029%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,7710.0057pay 0.0057% / 8h7h 57m$6.46B$17.26B150x
ShortDeribit ETH-PERPETUAL2,772.20.0086get 0.0011% / 1h57m 13s$259.1M$221.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$6.02
Price spread: +0.042% → +0.043%
−$0.11
Slippage, 4 orders
−$2.22
Fee Binance: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$13.31
Costs to cover
0.192%
Break-even
22.5 days
Slippage from Binance: live order book, 2 min ago; Deribit: 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 Binance live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$506.3 bp −$6318.5 bp −$4,241
Sell Deribit live order book, 2 min ago0.36 bp4.0 bp −$44.9 bp −$4911.2 bp −$1,11923.1 bp −$11.6K

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%1h2,771.6+0.022%$119K$22.5M52xas long as short
Perpl ETH−0.0223%43m2,769.7−0.047%$284K$6.8M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,770.8−0.009%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.004%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,770.4−0.022%$168K$1.2M50xas long as short
Bullet ETH-USD−0.0015%1h2,770.3−0.025%$182K$1.7M20xas long as short
SoDEX ETH-USD−0.0014%1h2,770.3−0.025%$55.2M$228.8M40xas long as short
ApeX Omni ETHUSDT−0.0005%1h2,773.8+0.101%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,770.5−0.017%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,771.4+0.014%$8.1M$689.9M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ETH+0.0003%1h2,771.4+0.014%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.5+0.019%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,770.9−0.003%$1.71B$11.80B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.2+0.007%$12.8M—200xas long as short
Aftermath Perps ETHUSD+0.0035%1h2,773.5+0.090%$29K$22K20xas long as short
Aster ETHUSDT+0.0036%8h2,770.8−0.008%$255.8M$1.00B200xas long as short
Gate ETH_USDT+0.0044%8h2,770.6−0.014%$3.29B$8.88B200xas long as short
Aevo ETH-PERP+0.0056%1h2,770.2−0.028%$5.0M$320K20xas long as short
MEXC ETH_USDT+0.0057%8h2,7710.000%$1.61B$2.62B500xas long as short
Binance ETHUSDTlong+0.0057%8h2,771long leg$6.46B$17.26B150x
Bitget ETHUSDT+0.0065%8h2,771.2+0.008%$2.10B$3.07B150xas long as short
KuCoin ETHUSDTM+0.0080%8h2,770.6−0.014%$422.4M$736.6M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.029%$60.8M$4.58B50xas long as short
Deribit ETH-PERPETUALshort+0.0086%1h2,772.2+0.042%$259.1M$221.7M50x
BingX ETH-USDT+0.0088%8h2,770.7−0.012%—$1.24B—as long as short
Vest ETH-PERP+0.0096%1h2,770.7−0.012%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,771.1+0.003%$115.1M$455.4M50xas long as short
Lighter RH ETH+0.0096%1h2,771.9+0.033%$25.3M$109.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.9−0.039%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.3−0.025%$484K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.8−0.008%$14.4M$118.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.6+0.058%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.6−0.014%$31.2M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.1+0.004%$2.51B$4.59B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6−0.051%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.4+0.015%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5−0.017%$170.6M$266.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772+0.036%$15.2M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8+0.102%$151.5M$345.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.3+0.119%$182.1M$783.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776+0.182%$161.4M$88.9M50xas long as short
StandX ETH-USD+0.0100%1h2,771.3+0.011%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.3−0.025%$10.6M$8.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.9−0.005%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773+0.072%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6−0.049%$971K$13.8M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.1−0.032%$1.08B$1.31B200xas long as short
Phemex ETHUSDT+0.0100%8h2,770.2−0.030%$269.8M$68.2M150xas long as short
Extended ETH-USD+0.0104%1h2,770.3−0.025%$32.5M$78.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.6−0.014%—$42.2M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.8+0.030%$90.7M$328.5M100xas long as short
Orderly PERP_ETH_USDC+0.0146%8h2,772.8+0.066%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0177%8h2,770.6−0.016%$286.6M$192.8M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,772+0.036%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0207%1h2,769.8−0.043%$7.3M$1.2M25xas long as short