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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.043%
Price spread now: Hibachi against Bullet+0.037%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Long on BulletShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.037%, 7d avg +0.018%
Together, before fees+0.005%+ Points / potential airdropHibachi: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet ETH-USD2,728.30.0100pay 0.0013% / 1h30m 00s$179K$1.7M20x
ShortHibachi ETH/USDT-P2,729.30.0232get 0.0029% / 1h30m 00s$245K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Bullet. 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
$27.72
Price spread: +0.037% → +0.018%
$1.9
Slippage, 4 orders
−$6.58
Fee Bullet: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$6.04
Costs to cover
0.236%
Break-even
5.5 days
Slippage from Bullet: live order book, 4 min ago; Hibachi: 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 Bullet live order book, 4 min ago0.37 bp5.5 bp −$58.3 bp −$83doesn't fitdoesn't fit
Sell Hibachi live order book, 4 min ago0.94 bp5.7 bp −$611.8 bp −$118doesn't fitdoesn't fit

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%43m2,728.2−0.004%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.6+0.012%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0064%1h2,727.5−0.029%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.025%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6+0.011%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,725.7−0.095%$811K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.9+0.024%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,728.7+0.015%$6.6M$686.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.5+0.045%$262.7M$214.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,728.5+0.009%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0011%8h2,728.4+0.004%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0016%1h2,728.2−0.003%$191K$893K50xas long as short
BingX ETH-USDC+0.0026%8h2,727.8−0.016%—$18.6M—as long as short
Bybit ETHUSDT+0.0031%8h2,728.7+0.016%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0070%8h2,728.6+0.011%$375.1M$576.8M100xas long as short
Aster ETHUSDT+0.0081%8h2,728.6+0.011%$252.2M$848.4M200xas long as short
SoDEX ETH-USD+0.0083%1h2,728.6+0.012%$54.3M$187.3M40xas long as short
SunX ETH-USDT+0.0087%8h2,728.2−0.003%$958K$11.0M100xas long as short
OKX ETH-USDT-SWAP+0.0087%8h2,728.7+0.016%$1.65B$10.91B100xas long as short
Aevo ETH-PERP+0.0088%1h2,726−0.082%$4.9M$171K20xas long as short
MEXC ETH_USDT+0.0089%8h2,728.7+0.016%$1.53B$2.59B500xas long as short
Binance ETHUSDT+0.0090%8h2,728.7+0.017%$6.33B$16.15B150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,727.6−0.025%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,729.2+0.033%$112.1M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,730.5+0.080%$23.5M$103.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.9−0.014%$510K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.7+0.124%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.8−0.017%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.2+0.107%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728.7+0.015%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.3−0.036%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.6+0.010%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.8+0.020%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.7+0.014%$2.08B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.6+0.012%$15.1M$42.3M50xas long as short
Variational Omni ETH+0.0100%8h2,727.4−0.032%$133.8M$323.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,726−0.083%$184.9M$681.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.5−0.030%$158.5M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,727.2−0.040%$21.0M$69.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.5+0.045%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.2+0.034%$11.2M$9.5M50xas long as short
Bullet ETH-USDlong+0.0100%1h2,728.3long leg$179K$1.7M20x
Bluefin ETH-PERP+0.0100%1h2,728.7+0.016%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.036%$40.9M$30.3M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.7+0.014%$263.0M$64.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.076%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,727.9−0.014%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,728.8+0.017%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.3+0.074%$49.8M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.5+0.009%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,731.1+0.103%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0191%1h2,727.5−0.027%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.3+0.039%$82.3M$312.5M100xas long as short
Hibachi ETH/USDT-Pshort+0.0232%1h2,729.3+0.037%$245K$1.4M20x
BloFin ETH-USDT+0.0358%8h2,728.3−0.001%$281.9M$175.4M150xas long as short