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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.020%
Price spread now: Coinbase International against Bluefin+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Coinbase International
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
The price spread pays, funding is against you. Coinbase International is 0.061% dearer against Bluefin than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,7700.0100pay 0.0013% / 1h24m 39s$21K$24K25x
ShortCoinbase International ETH-PERP-INTX2,771.70.0088get 0.0011% / 1h24m 39s$60.1M$4.59B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bluefin. 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
−$2.52
Price spread: +0.061% → 0.000%
$6.14
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$13.38
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Coinbase International: live order book, 5 min ago. 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 Bluefin no order-book sample—————
Sell Coinbase International live order book, 5 min ago0.02 bp5.0 bp −$55.3 bp −$538.4 bp −$83820.7 bp −$10.4K
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−0.0223%43m2,768.9−0.037%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,767.7−0.081%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.431%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5−0.016%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.087%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.2−0.027%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,768.5−0.053%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.042%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.2+0.009%$22.4M—200xas long as short
BingX ETH-USDC+0.0016%8h2,767.2−0.100%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,767.6−0.086%$1.70B$11.86B100xas long as short
Aftermath Perps ETHUSD+0.0023%1h2,773.2+0.118%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.1+0.006%$12.8M—200xas long as short
Aster ETHUSDT+0.0030%8h2,769.1−0.032%$255.6M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,770.3+0.013%$270.1M$69.0M150xas long as short
SoDEX ETH-USD+0.0034%1h2,770+0.002%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0048%1h2,769.4−0.019%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,767.1−0.102%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,769.6−0.013%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,767.8−0.077%$6.44B$17.30B150xas long as short
Bitget ETHUSDT+0.0066%8h2,767.7−0.080%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,767.7−0.082%$3.29B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,768.2−0.063%$420.6M$739.8M100xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,771.7+0.065%$259.0M$222.4M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0088%1h2,771.7+0.061%$60.1M$4.59B50x
Bybit ETHUSDT+0.0089%8h2,767.7−0.081%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0093%1h2,769.7−0.009%—$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,770+0.003%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.3−0.023%$115.1M$499.6M50xas long as short
Lighter RH ETH+0.0096%1h2,769.5−0.016%$25.2M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7−0.009%—$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,767.3−0.094%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768−0.070%$476K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.3−0.058%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.3+0.049%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,768.8−0.043%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7−0.081%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8−0.040%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.107%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9−0.001%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.014%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.080%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.046%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.052%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.7−0.009%$10.7M$8.0M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,770long leg$21K$24K25x
Derive ETH-PERP+0.0100%1h2,772.4+0.090%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.6−0.049%$971K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,767.1−0.102%$32.5M$78.1M50xas long as short
Kalshi KXETHPERP+0.0114%8h2,770.1+0.005%$8.2M$686.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.052%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,772.6+0.097%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.001%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,769.3−0.024%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.055%$252K$1.6M20xas long as short