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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 06:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.058%
Price spread now: BloFin against GMX−0.004%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.004%, 7d avg −0.033%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.029% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,717.9L −0.0010% / S +0.0043%get 0.0001% / 1h33m 07s$11.9M—200x
ShortBloFin ETH-USDT2,717.80.0251get 0.0251% / 8h2h 33m$281.2M$174.1M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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
$54.84
Price spread: −0.004% → −0.033%
$2.91
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$33.76
Costs to cover
0.240%
Break-even
2.7 days
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 min ago. 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 GMX no order-book sample—————
Sell BloFin live order book, 6 min ago0.02 bp6.0 bp −$66.0 bp −$607.1 bp −$7149.7 bp −$4,829
GMX: 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%43m2,717.4−0.017%$282K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,718.8+0.033%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,717.6−0.010%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]longL −0.0010% / S +0.0043%1h2,717.9long leg$11.9M—200x
Phoenix ETH−0.0009%1h2,721.6+0.136%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,718+0.005%$27.9M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,721.5+0.133%$117K$22.5M52xas long as short
Deribit ETH-PERPETUAL+0.0011%1h2,718.9+0.036%$258.7M$206.2M50xas long as short
dYdX ETH-USD+0.0011%1h2,718.8+0.035%$10.7M$42.0M50xas long as short
01 Exchange ETHUSD+0.0032%1h2,717.7−0.007%$185K$787K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0033%8h2,717.6−0.009%—$18.5M—as long as short
Bybit ETHUSDT+0.0042%8h2,718.8+0.033%$2.35B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0065%1h2,722.4+0.166%$30K$20K20xas long as short
Bullet ETH-USD+0.0069%1h2,717.6−0.011%$179K$1.7M20xas long as short
SunX ETH-USDT+0.0069%8h2,717.1−0.028%$952K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0075%8h2,717.7−0.008%$374.1M$577.9M100xas long as short
Aster ETHUSDT+0.0085%8h2,718.8+0.034%$251.6M$844.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,715.1−0.102%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0091%8h2,718.8+0.033%$1.65B$10.78B100xas long as short
MEXC ETH_USDT+0.0091%8h2,718.8+0.033%$1.55B$2.58B500xas long as short
Binance ETHUSDT+0.0092%8h2,718.8+0.032%$6.29B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,718.3+0.015%$111.2M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,719.5+0.057%$23.3M$103.2M50xas long as short
Phemex ETHUSDT+0.0100%8h2,718.4+0.018%$262.7M$64.3M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,717.7−0.007%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,719.5+0.057%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,716.8−0.039%$13.8M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,720.6+0.100%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,718.4+0.019%$31.8M$334.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,717.3−0.022%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,719+0.039%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.218%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,718.5+0.023%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,718.9+0.038%$2.07B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,718+0.005%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,723.2+0.197%$133.0M$326.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.1+0.229%$184.5M$676.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.6+0.210%$158.5M$87.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.246%$8.6M$31.3M100xas long as short
StandX ETH-USD+0.0100%1h2,721.3+0.125%$20.9M$71.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,719.6+0.061%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,718.9+0.037%$11.1M$9.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,718+0.005%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,719+0.039%$40.7M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,717.8−0.003%$54.1M$187.8M40xas long as short
Extended ETH-USD+0.0104%1h2,717.1−0.031%$30.5M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,717.6−0.010%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,719+0.041%$49.7M$4.27B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.2+0.047%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0157%8h2,718.5+0.022%$6.4M$691.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0177%1h2,718.4+0.018%$82.7M$315.8M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,720+0.077%$32.0M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0201%1h2,717−0.032%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,720.4+0.092%$248K$1.4M20xas long as short
BloFin ETH-USDTshort+0.0251%8h2,717.8−0.004%$281.2M$174.1M150x