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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 03:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Extended against Katana Perps−0.035%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Extended
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.007%+$1 on $10k
Price spread, last 7 days+0.046%+$5 · spread now −0.035%, 7d avg −0.011%
Together, before fees+0.053%+ Points / potential airdropExtended: Active · farm board+$5 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: Extended is 0.024% cheaper against Katana Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,743.30.0100pay 0.0100% / 8h5h 09m$467K$3.1M50x
ShortExtended ETH-USD2,742.30.0104get 0.0013% / 1h9m 39s$30.7M$71.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Katana Perps. 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: −0.035% → −0.011%
−$2.4
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$10.31
Costs to cover
0.088%
Break-even
88.7 days
Slippage unknown: Katana Perps: no order-book sample; Extended: live order book, 4 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 Katana Perps no order-book sample—————
Sell Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$275.8 bp −$58316.4 bp −$8,183
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
Hotstuff ETH-PERP−0.0080%1h2,744.2+0.033%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,735.6−0.281%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.8+0.090%$12.1M—200xas long as short
Perpl ETH0.0000%43m2,746.2+0.106%$305K$5.6M8.3xas long as short
dYdX ETH-USD0.0000%1h2,744.9+0.059%$10.8M$41.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.8+0.091%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,746.8+0.128%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,744.2+0.033%$182K$836K50xas long as short
ApeX Omni ETHUSDT+0.0032%1h2,744.4+0.040%$8.8M$30.7M100xas long as short
BingX ETH-USDC+0.0054%8h2,742.8−0.019%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0068%8h2,743.5+0.006%$1.71B$10.55B100xas long as short
KuCoin ETHUSDTM+0.0071%8h2,743.2−0.004%$381.8M$575.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,745.3+0.073%$182K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,743.8+0.020%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0087%8h2,743.7+0.016%$253.9M$840.9M200xas long as short
SoDEX ETH-USD+0.0090%1h2,745.3+0.073%$54.7M$187.6M40xas long as short
MEXC ETH_USDT+0.0094%8h2,743.2−0.004%$1.57B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,742.8−0.018%$6.38B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,743.4+0.005%$112.8M$436.1M50xas long as short
Lighter RH ETH+0.0096%1h2,744.7+0.052%$24.6M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.4+0.150%—$30.4M500xas long as short
Aevo ETH-PERP+0.0096%1h2,744+0.025%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.3+0.110%$55.6M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,747.7+0.162%$16.0M$7.9M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,743.3long leg$467K$3.1M50x
Nado ETH-PERP+0.0100%1h2,746.8+0.129%$13.9M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,745.8+0.091%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,744+0.026%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.4+0.002%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3+0.073%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.9+0.020%$2.8M$16.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,746.6+0.119%$165.7M$303.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.5+0.005%$3.39B$8.78B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.3+0.001%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.2+0.032%$15.0M$39.3M50xas long as short
Variational Omni ETH+0.0100%8h2,743.1−0.007%$133.1M$325.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.6+0.009%$182.4M$665.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.7+0.015%$159.6M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,744.4+0.040%$21.2M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.2+0.141%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.142%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,747.1+0.140%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.1+0.101%$963K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.6+0.118%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,745.2+0.069%$266.8M$64.9M150xas long as short
Extended ETH-USDshort+0.0104%1h2,742.3−0.035%$30.7M$71.9M50x
Aftermath Perps ETHUSD+0.0133%1h2,745.7+0.088%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,746.5+0.117%$7.8M$670.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,747.7+0.161%$32.3M$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0202%1h2,747.1+0.140%$259.8M$195.3M50xas long as short
BloFin ETH-USDT+0.0218%8h2,745.4+0.075%$285.8M$180.2M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746.4+0.114%$86.6M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,744.8+0.053%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,745.8+0.093%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.0380%1h2,745.6+0.084%$21K$20K25xas long as short