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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−0.0310%/8h= −33.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.048%
Price spread now: OKX against BloFin+0.003%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Long on BloFinShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.241%−$24 on $10k
Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.003%, 7d avg −0.005%
Together, before fees−0.140%−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,732.10.0381pay 0.0381% / 8h4h 20m$282.3M$175.5M150x
ShortOKX ETH-USDT-SWAP2,732.20.0071get 0.0071% / 8h4h 20m$1.67B$10.71B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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
−$65.05
Price spread: +0.003% → −0.005%
$0.82
Slippage, 4 orders
−$0.24
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$86.47
Costs to cover
0.222%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; OKX: live order book, 4 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 BloFin live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.0 bp −$6968.6 bp −$4,301
Sell OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$6017.8 bp −$3,885

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%43m2,732.7+0.021%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.076%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.8+0.025%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.4+0.010%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733+0.032%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,733+0.032%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735+0.105%$830K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732.4+0.011%$28.1M—200xas long as short
Bullet ETH-USD+0.0008%1h2,732−0.004%$178K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735+0.104%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0046%8h2,731.4−0.027%$1.06B$1.20B200xas long as short
BingX ETH-USDT+0.0052%8h2,733.5+0.052%—$1.15B—as long as short
Bybit ETHUSDT+0.0061%8h2,732−0.003%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0065%8h2,733.6+0.054%$380.3M$574.5M100xas long as short
OKX ETH-USDT-SWAPshort+0.0071%8h2,732.2+0.003%$1.67B$10.71B100x
Phemex ETHUSDT+0.0074%8h2,731.9−0.009%$265.6M$65.3M150xas long as short
Aster ETHUSDT+0.0086%8h2,733.2+0.040%$251.0M$842.5M200xas long as short
SoDEX ETH-USD+0.0088%1h2,732.5+0.014%$54.4M$187.6M40xas long as short
Binance ETHUSDT+0.0095%8h2,732.7+0.020%$6.35B$15.86B150xas long as short
MEXC ETH_USDT+0.0095%8h2,733.4+0.048%$1.55B$2.56B500xas long as short
Lighter ETH+0.0096%1h2,733.6+0.053%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,734.8+0.099%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.9+0.030%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.7−0.090%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,737.6+0.199%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.1+0.074%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.6+0.018%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,733.5+0.051%$13.7M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.9+0.138%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.083%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.6+0.018%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.1+0.074%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.6+0.053%$3.34B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.6+0.053%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.8−0.011%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,731.5−0.024%$133.7M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,734.1+0.073%$183.9M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.9+0.101%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.080%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.5+0.049%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.069%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.2+0.003%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.7+0.059%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.4−0.027%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.099%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,732.8+0.026%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.051%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734.7+0.093%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,733.9+0.066%$260.1M$195.7M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,732.5+0.014%$6.8M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,734.4+0.083%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0219%1h2,731.8−0.012%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.1+0.035%$83.3M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,735.3+0.115%$253K$1.4M20xas long as short
BloFin ETH-USDTlong+0.0381%8h2,732.1long leg$282.3M$175.5M150x