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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 23:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%
Price spread now: Katana Perps against Extended+0.063%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.012%−$1 on $10k
Price spread, last 7 days−0.044%−$4 · spread now +0.063%, 7d avg +0.011%
Together, before fees−0.055%+ Points / potential airdropExtended: Active · farm board−$6 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: Katana Perps is 0.052% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,776.90.0104pay 0.0013% / 1h19m 45s$32.6M$77.7M50x
ShortKatana Perps ETH-USD2,778.60.0100get 0.0100% / 8h1h 19m$478K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.88
Price spread: +0.063% → +0.011%
$5.19
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$4.49
Costs to cover
0.088%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; Katana 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 Extended live order book, 4 min ago0.18 bp2.7 bp −$33.3 bp −$335.9 bp −$59113.2 bp −$6,620
Sell Katana Perps no order-book sample—————
Katana 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−0.0447%43m2,779.2+0.086%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.5+0.060%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7+0.103%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.8−0.182%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,779+0.077%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0019%1h2,777.5+0.023%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,777.4+0.020%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.099%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.3+0.086%$22.4M—200xas long as short
BingX ETH-USDC+0.0017%8h2,777.7+0.031%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,776.5−0.012%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0019%8h2,777.5+0.022%$270.1M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.086%$13.0M—200xas long as short
Bullet ETH-USD+0.0038%1h2,778.6+0.062%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0039%8h2,777.9+0.037%$256.7M$992.0M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,778.5+0.059%$258.4M$222.4M50xas long as short
Nado ETH-PERP+0.0058%1h2,778.5+0.059%$14.4M$118.1M50xas long as short
MEXC ETH_USDT+0.0064%8h2,776.7−0.004%$1.62B$2.67B500xas long as short
Aevo ETH-PERP+0.0064%1h2,776−0.031%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0065%8h2,776.6−0.009%$6.44B$17.20B150xas long as short
Bitget ETHUSDT+0.0070%8h2,776.6−0.011%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,777.4+0.020%$3.29B$9.64B200xas long as short
SoDEX ETH-USD+0.0079%1h2,777+0.005%$55.3M$228.9M40xas long as short
ApeX Omni ETHUSDT+0.0091%1h2,773.6−0.117%$8.8M$32.6M100xas long as short
Bybit ETHUSDT+0.0093%8h2,776.7−0.006%$2.51B$4.62B150xas long as short
HTX ETH-USDT+0.0095%8h2,777.5+0.024%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,777+0.007%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,779.1+0.082%$25.4M$121.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.103%—$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,776.9+0.001%$422.8M$739.6M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.5−0.013%$16.0M$10.5M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,778.6+0.063%$478K$2.7M50x
Hyperliquid ETH+0.0100%1h2,779.9+0.110%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,777.1+0.008%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.1−0.027%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.2+0.047%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.074%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,777.3+0.014%$15.2M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6+0.064%$136.7M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,772.2−0.168%$181.4M$782.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775−0.066%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,778.8+0.070%$21.5M$58.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,779.5+0.095%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,780+0.113%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.8+0.035%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.2+0.083%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.9+0.038%$972K$14.0M100xas long as short
Extended ETH-USDlong+0.0104%1h2,776.9long leg$32.6M$77.7M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.5+0.061%$60.0M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,779.6+0.099%$8.4M$678.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,779.4+0.093%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,778.5+0.059%$86.1M$332.3M100xas long as short
BloFin ETH-USDT+0.0182%8h2,780.5+0.130%$286.0M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0192%1h2,778.5+0.060%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,781.9+0.182%$271K$1.5M20xas long as short