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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 20:00 UTC0.0000%/8hpaid last 24h +0.004%
Price spread now: Ondo Perps against Bybit+0.007%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 7 days−0.437%−$44 · spread now +0.007%, 7d avg −0.033%
Together, before fees−0.344%+ Points / potential airdropOndo Perps: Active · farm board−$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,760.60.0100pay 0.0100% / 8h4h 06m$2.53B$4.42B150x
ShortOndo Perps ETH-USD.P2,760.80.0100get 0.0013% / 1h6m 45s$2.9M$15.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$0
Price spread: +0.007% → −0.033%
$4
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$12
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Ondo Perps: no order-book sample. 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 Bybit live order book, 2 min ago0.02 bp5.5 bp −$65.8 bp −$587.8 bp −$78510.2 bp −$5,076
Sell Ondo Perps no order-book sample—————
Ondo Perps: 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%43m2,762.1+0.055%$269K$6.6M8.3xas long as short
Injective ETH/USDC PERP−0.0208%1h2,761.8+0.043%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,761.1+0.018%$5K$2K50xas long as short
SoDEX ETH-USD−0.0019%1h2,762.1+0.054%$55.7M$184.4M40xas long as short
Phoenix ETH−0.0003%1h2,762.9+0.083%$928K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,763.2+0.092%$13.5M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,763.6+0.107%$22.4M—200xas long as short
Bulk ETH-USD+0.0012%1h2,762.6+0.071%$165.0M$265.6M25xas long as short
OKX ETH-USDT-SWAP+0.0016%8h2,760.3−0.012%$1.73B$11.31B100xas long as short
ApeX Omni ETHUSDT+0.0018%1h2,761.7+0.039%$8.4M$28.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0018%1h2,764.2+0.128%$258.4M$209.2M50xas long as short
GMX ETH/USD [ETH-USDC]L +0.0020% / S +0.0013%1h2,763.6+0.108%$12.3M—200xas long as short
Bullet ETH-USD+0.0022%1h2,762.4+0.064%$194K$1.8M20xas long as short
01 Exchange ETHUSD+0.0024%1h2,763.8+0.116%$178K$1.2M50xas long as short
Phemex ETHUSDT+0.0029%8h2,762.6+0.073%$267.1M$64.5M150xas long as short
MEXC ETH_USDT+0.0038%8h2,760.4−0.006%$1.62B$2.48B500xas long as short
Binance ETHUSDT+0.0039%8h2,760.8+0.007%$6.57B$16.31B150xas long as short
Aevo ETH-PERP+0.0040%1h2,760.9+0.011%$5.0M$651K20xas long as short
RISEx ETH/USDC+0.0044%1h2,761.7+0.038%$5.8M$12.2M25xas long as short
Gate ETH_USDT+0.0051%8h2,760.6+0.001%$3.35B$9.26B200xas long as short
Aster ETHUSDT+0.0057%8h2,761.9+0.045%$268.3M$947.3M200xas long as short
Bitget ETHUSDT+0.0073%8h2,760.8+0.007%$2.09B$3.00B150xas long as short
Aftermath Perps ETHUSD+0.0075%1h2,763.6+0.107%$29K$20K20xas long as short
Variational Omni ETH+0.0092%8h2,760.4−0.009%$139.7M$304.4M—as long as short
Lighter ETH+0.0096%1h2,761.3+0.025%$115.1M$498.6M50xas long as short
Lighter RH ETH+0.0096%1h2,762.9+0.084%$25.5M$122.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,763.1+0.089%—$44.1M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,765.4+0.174%$15.8M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,762.7+0.076%$481K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,761.4+0.029%$17.3M$112.7M50xas long as short
Pacifica ETH+0.0100%1h2,761.5+0.032%$31.2M$265.1M50xas long as short
Bybit ETHUSDTlong+0.0100%8h2,760.6long leg$2.53B$4.42B150x
Ondo Perps ETH-USD.Pshort+0.0100%1h2,760.8+0.007%$2.9M$15.4M25x
Arcus ETH-USD+0.0100%1h2,762.4+0.066%$2.9M$16.9M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,761+0.014%$413.3M$711.2M100xas long as short
BingX ETH-USDT+0.0100%8h2,760.7+0.002%—$1.15B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,762.7+0.075%$15.3M$41.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,761.2+0.022%$179.7M$749.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,761.6+0.035%$160.6M$95.7M50xas long as short
StandX ETH-USD+0.0100%1h2,762.1+0.054%$21.3M$56.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,764.7+0.148%$11.4M$7.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,763.8+0.116%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.7+0.184%$42.9M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,761.2+0.023%$968K$14.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,761.8+0.042%$1.08B$1.24B200xas long as short
Vest ETH-PERP+0.0100%1h2,763+0.086%—$1.1M50xas long as short
Hyperliquid ETH+0.0101%1h2,763.6+0.108%$3.23B$2.20B25xas long as short
Extended ETH-USD+0.0104%1h2,760.3−0.012%$31.5M$75.6M50xas long as short
Orderly PERP_ETH_USDC+0.0113%8h2,765.4+0.175%$32.5M$11.1M100xas long as short
Kalshi KXETHPERP+0.0128%8h2,763.2+0.094%$8.6M$642.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0128%1h2,764.1+0.125%$59.6M$4.57B50xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,763.6+0.108%$278K$1.5M20xas long as short
BloFin ETH-USDT+0.0154%8h2,762.2+0.057%$292.7M$186.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0163%1h2,763.7+0.113%$85.4M$322.1M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,761.6+0.036%$7.5M$936K25xas long as short