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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 03:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.054%
Price spread now: Bluefin against Injective+0.008%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,747.5−0.0044get 0.0005% / 1h59m 21s$118K$22.5M52x
ShortBluefin ETH-PERP2,747.70.0100get 0.0013% / 1h59m 21s$21K$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Injective. 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
$30.22
Price spread: +0.008% → 0.000%
$0.8
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$24
Costs to cover
0.070%
Break-even
1.4 days
Slippage unknown: Injective: live order book, 5 min ago; Bluefin: 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 Injective live order book, 5 min ago16.17 bp16.2 bp −$1616.2 bp −$16216.2 bp −$1,61820856.1 bp −$10.43M
Sell Bluefin no order-book sample—————
Bluefin: 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 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%43m2,747.1−0.015%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.8+0.011%$5K$1K50xas long as short
Injective ETH/USDC PERPlong−0.0044%1h2,747.5long leg$118K$22.5M52x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.2−0.009%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.033%$847K$2.8M25xas long as short
dYdX ETH-USD0.0000%1h2,748.6+0.038%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3−0.007%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0024%1h2,748+0.018%$183K$981K50xas long as short
BingX ETH-USDT+0.0042%8h2,746.9−0.023%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0053%8h2,746.8−0.024%$1.70B$10.62B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0066%8h2,746.9−0.023%$369.0M$602.2M100xas long as short
Aster ETHUSDT+0.0073%8h2,747.3−0.008%$252.6M$842.8M200xas long as short
RISEx ETH/USDC+0.0077%1h2,747.8+0.011%$5.7M$11.2M25xas long as short
Aevo ETH-PERP+0.0080%1h2,744.9−0.096%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0083%8h2,746.9−0.021%$1.58B$2.50B500xas long as short
Binance ETHUSDT+0.0083%8h2,747−0.018%$6.39B$15.80B150xas long as short
HTX ETH-USDT+0.0085%8h2,746.8−0.025%$1.06B$1.18B200xas long as short
ApeX Omni ETHUSDT+0.0089%1h2,746.6−0.035%$8.7M$31.2M100xas long as short
Bullet ETH-USD+0.0094%1h2,746.8−0.025%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,747.4−0.003%$113.0M$430.0M50xas long as short
Lighter RH ETH+0.0096%1h2,749.5+0.074%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.9−0.057%—$31.0M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.2+0.024%$58.6M$4.28B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,751.3+0.140%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.3−0.007%$483K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.1−0.015%$13.9M$107.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,749+0.055%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,748.7+0.044%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,747−0.017%$2.47B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3−0.080%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,748+0.019%$2.7M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.2−0.012%$3.39B$8.63B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747−0.018%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.3−0.081%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6−0.033%$133.0M$342.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.8−0.024%$181.9M$701.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.5+0.035%$159.8M$81.7M50xas long as short
StandX ETH-USD+0.0100%1h2,747.2−0.011%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,748+0.019%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.8+0.011%$10.7M$8.5M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,747.7+0.008%$21K$21K25x
Derive ETH-PERP+0.0100%1h2,748.9+0.052%$41.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.5−0.038%$963K$12.0M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747−0.018%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.3−0.007%$267.5M$65.6M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.046%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,746.2−0.046%$30.6M$72.7M50xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,747.7+0.009%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0110%1h2,748.3+0.030%$258.9M$195.8M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,746.8−0.025%$7.9M$671.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0182%8h2,749.6+0.078%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.9+0.015%$88.1M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0223%1h2,746.6−0.031%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,746.9−0.023%$250K$1.4M20xas long as short