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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 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.034%
Price spread now: Bluefin against Bitget−0.024%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort 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 pays, the price is against you. Bluefin is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,781.10.0066pay 0.0066% / 8h49m 04s$2.10B$3.11B150x
ShortBluefin ETH-PERP2,780.50.0100get 0.0013% / 1h49m 04s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Bitget. 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
$7.14
Price spread: −0.024% → 0.000%
−$2.41
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$14.27
Costs to cover
0.190%
Break-even
21.0 days
Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.8 bp −$688.2 bp −$817doesn't fit
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%43m2,782.8+0.059%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,781.7+0.022%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0110%1h2,783.3+0.078%$8.8M$32.8M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5+0.049%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782.2+0.038%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,782.4+0.045%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0009%1h2,782.9+0.062%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,783.1+0.070%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6+0.088%$887K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,782.7+0.056%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,780.8−0.012%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,783.3+0.076%$1.70B$11.93B100xas long as short
Phemex ETHUSDT+0.0025%8h2,781.2+0.001%$271.0M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,782.7+0.055%$12.9M—200xas long as short
Aster ETHUSDT+0.0039%8h2,781.9+0.029%$256.7M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,781.4+0.011%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0066%8h2,781.1−0.001%$1.60B$2.63B500xas long as short
Bitget ETHUSDTlong+0.0066%8h2,781.1long leg$2.10B$3.11B150x
Binance ETHUSDT+0.0066%8h2,781.7+0.020%$6.45B$17.28B150xas long as short
Deribit ETH-PERPETUAL+0.0070%1h2,782.4+0.044%$258.9M$222.8M50xas long as short
Bullet ETH-USD+0.0071%1h2,781.9+0.029%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0072%8h2,781.1−0.003%$3.30B$9.59B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782.4+0.046%$60.4M$4.61B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,781−0.007%$422.9M$739.2M100xas long as short
HTX ETH-USDT+0.0090%8h2,780.9−0.009%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,783.5+0.085%$2.52B$4.64B150xas long as short
Lighter ETH+0.0096%1h2,781.9+0.027%$116.2M$495.7M50xas long as short
Lighter RH ETH+0.0096%1h2,783+0.068%$25.4M$120.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.8+0.059%—$41.9M500xas long as short
Vest ETH-PERP+0.0097%1h2,782.8+0.059%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,781.9+0.028%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.1+0.035%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,782.8+0.061%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.9+0.097%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.3+0.077%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781.3+0.006%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,783+0.068%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.110%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,780.9−0.009%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,782.7+0.055%$147.8M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,783.9+0.100%$182.2M$781.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,783.7+0.093%$161.9M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.103%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783+0.067%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,780.5−0.024%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,783.1+0.070%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,781.6+0.017%$975K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8−0.012%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,780.5−0.023%$32.7M$77.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,782.2+0.037%$86.9M$333.3M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,782.4+0.045%$8.5M$682.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,782.6+0.051%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,781−0.007%$284.9M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,781.8+0.024%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,785+0.138%$271K$1.5M20xas long as short