Settings8H · net · $10k
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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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Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.48 per $10,000 · paid last 24h −0.016%
Price spread now: OKX against Bybit−0.002%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on BybitShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.002%, 7d avg −0.003%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,747.50.0100pay 0.0100% / 8h6h 03m$2.47B$4.24B150x
ShortOKX ETH-USDT-SWAP2,747.40.0052get 0.0052% / 8h6h 03m$1.70B$10.71B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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
−$10.05
Price spread: −0.002% → −0.003%
$0.14
Slippage, 4 orders
−$0.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$30.98
Costs to cover
0.211%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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 Bybit live order book, 1 min ago0.02 bp5.5 bp −$66.0 bp −$607.0 bp −$7039.0 bp −$4,501
Sell OKX live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5517.7 bp −$3,864

ETH on 54 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%43m2,749+0.054%$311K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1+0.060%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.1+0.061%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.1+0.022%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.034%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.070%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.7+0.045%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,749.7+0.082%$182K$988K50xas long as short
BingX ETH-USDC+0.0041%8h2,747.6+0.004%—$18.5M—as long as short
OKX ETH-USDT-SWAPshort+0.0052%8h2,747.4−0.002%$1.70B$10.71B100x
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,748.6+0.040%$369.3M$605.1M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.8+0.048%$253.2M$848.7M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.074%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,747.5+0.002%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0081%8h2,748+0.020%$1.59B$2.59B500xas long as short
HTX ETH-USDT+0.0081%8h2,748.6+0.040%$1.06B$1.18B200xas long as short
Binance ETHUSDT+0.0082%8h2,747.6+0.005%$6.39B$15.97B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.2+0.100%$58.8M$4.30B50xas long as short
Lighter ETH+0.0096%1h2,749.2+0.063%$113.1M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.090%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2+0.027%—$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,753.2+0.208%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.2+0.027%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.1+0.059%$14.0M$108.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.8+0.085%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,749.2+0.063%$31.7M$334.3M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,747.5long leg$2.47B$4.24B150x
Ondo Perps ETH-USD.P+0.0100%1h2,748.4+0.034%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.5+0.075%$2.8M$16.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,748.3+0.029%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.50.000%$2.08B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3−0.007%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.047%$132.8M$343.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.080%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.014%$159.7M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.9+0.052%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.5+0.073%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.9+0.052%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.7+0.008%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.1+0.058%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.6+0.114%$41.7M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,748.1+0.022%$964K$12.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748.7+0.045%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8+0.050%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.045%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,748+0.019%$30.6M$73.1M50xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,747.5+0.003%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0148%8h2,748.9+0.052%$7.9M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,750.4+0.105%$258.9M$197.6M50xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,751.4+0.144%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.031%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0223%1h2,747.7+0.008%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,749.9+0.088%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.8+0.086%$88.2M$314.0M100xas long as short