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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 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%
Price spread now: Bitget against Extended+0.022%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on ExtendedShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 7 days+0.012%+$1 · spread now +0.022%, 7d avg +0.047%
Together, before fees−0.086%+ Points / potential airdropExtended: Active · farm board−$9 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: Bitget is 0.025% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,728.60.0104pay 0.0013% / 1h42m 58s$30.4M$72.5M50x
ShortBitget ETHUSDT2,729.20.0100get 0.0100% / 8h42m 58s$2.10B$2.77B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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: +0.022% → +0.047%
−$2.54
Slippage, 4 orders
−$0.4
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$20.79
Costs to cover
0.174%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Bitget: 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 Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$274.4 bp −$44313.5 bp −$6,733
Sell Bitget live order book, 1 min ago0.02 bp6.0 bp −$66.1 bp −$617.8 bp −$7799.9 bp −$4,941

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
BloFin ETH-USDT−0.0189%8h2,730+0.051%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.1+0.127%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,733.5+0.179%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.9+0.084%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.099%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.3+0.098%$6.3M$680.6M4.9xas long as short
Perpl ETH0.0000%43m2,730.3+0.061%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730.6+0.071%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,730.7+0.075%$32.9M—200xas long as short
BingX ETH-USDC+0.0019%8h2,728.5−0.004%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,728.7+0.001%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,729.5+0.031%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,731.7+0.113%$191K$889K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.135%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.095%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,730.2+0.058%$82.0M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,729.4+0.028%$384.7M$576.9M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,733.1+0.163%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,728.6−0.001%$1.65B$10.84B100xas long as short
Aster ETHUSDT+0.0082%8h2,729.4+0.030%$252.8M$849.3M200xas long as short
MEXC ETH_USDT+0.0094%8h2,729.5+0.031%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,728.9+0.009%$6.31B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,730.5+0.069%$112.6M$429.4M50xas long as short
Lighter RH ETH+0.0096%1h2,731.6+0.110%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.046%$4.9M$181K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.5+0.069%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,735.2+0.240%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.075%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.4+0.138%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732+0.124%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.1+0.054%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.8+0.115%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5+0.033%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.2+0.022%$3.31B$8.86B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,729.2+0.022%$2.10B$2.77B150x
Backpack ETH_USDC_PERP+0.0100%1h2,729.7+0.041%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.110%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7+0.113%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.124%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.2+0.131%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.7+0.150%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.1+0.127%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.6+0.070%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6+0.074%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,731.6+0.110%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.3+0.062%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,729.7+0.039%$54.4M$187.1M40xas long as short
Phemex ETHUSDT+0.0100%8h2,730.9+0.085%$263.2M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,731.8+0.115%$30K$20K20xas long as short
Extended ETH-USDlong+0.0104%1h2,728.6long leg$30.4M$72.5M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.4+0.101%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731+0.087%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,731.4+0.101%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0183%1h2,730+0.051%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,732.3+0.135%$32.2M$11.3M100xas long as short