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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 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Extended against Bluefin−0.077%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Extended
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—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.077% cheaper against Bluefin than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,731.40.0100pay 0.0013% / 1h56m 40s$22K$21K25x
ShortExtended ETH-USD2,729.30.0104get 0.0013% / 1h56m 40s$30.3M$74.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.077% → 0.000%
−$7.73
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$18.89
Costs to cover
0.120%
Break-even
164.4 days
Slippage unknown: Bluefin: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$275.0 bp −$49814.0 bp −$6,999
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−0.0112%43m2,732.1+0.025%$294K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.092%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,733.8+0.088%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.2−0.009%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,736+0.168%$817K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,731.4+0.001%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731−0.016%$260.2M$211.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,731.2−0.008%$32.9M—200xas long as short
HTX ETH-USDT+0.0009%8h2,730.2−0.044%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0035%8h2,729.3−0.078%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0040%1h2,732.2+0.029%$193K$887K50xas long as short
Bybit ETHUSDT+0.0042%8h2,729.2−0.080%$2.35B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0079%8h2,729.6−0.064%$374.8M$576.5M100xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,734.4+0.110%$30K$20K20xas long as short
SoDEX ETH-USD+0.0091%1h2,730.3−0.040%$54.4M$187.5M40xas long as short
SunX ETH-USDT+0.0091%8h2,730.6−0.030%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,730.2−0.045%$252.6M$848.2M200xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,730−0.050%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,730.4−0.037%$112.2M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,731.7+0.011%$23.5M$102.6M50xas long as short
Aevo ETH-PERP+0.0096%1h2,728.1−0.121%$4.9M$150K20xas long as short
ApeX Omni ETHUSDT+0.0098%1h2,734.5+0.113%$8.7M$31.5M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.051%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.6+0.155%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.1−0.010%$14.1M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.9+0.018%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,730.9−0.018%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,729.7−0.063%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5−0.033%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731−0.016%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.131%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.2−0.046%$3.28B$8.91B200xas long as short
MEXC ETH_USDT+0.0100%8h2,730.3−0.042%$1.53B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,730−0.052%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.4−0.037%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734+0.095%$134.8M$325.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.018%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.4+0.146%$159.1M$87.6M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.095%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.066%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.5+0.040%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.9−0.018%$182K$1.7M20xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,731.4long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,732.2+0.028%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,730.8−0.022%$263.3M$65.1M150xas long as short
Extended ETH-USDshort+0.0104%1h2,729.3−0.077%$30.3M$74.2M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.7+0.049%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.40.000%$50.3M$4.32B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,731.6+0.007%$6.8M$692.4M4.9xas long as short
RISEx ETH/USDC+0.0115%1h2,730.7−0.025%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,732.9+0.056%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,730.5−0.034%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.7−0.026%$83.4M$311.4M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,733.3+0.068%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,731.3−0.005%$281.7M$175.2M150xas long as short