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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−0.0023%/8h= −2.5% APRpaid last 24h −0.006%
Price spread now: RISEx against Katana Perps+0.014%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.002%$0 on $10k
Price spread, last 7 days+0.028%+$3 · spread now +0.014%, 7d avg +0.044%
Together, before fees+0.031%+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.030% cheaper against Katana Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,740.20.0100pay 0.0100% / 8h5h 27m$469K$3.0M50x
ShortRISEx ETH/USDC2,740.60.0077get 0.0010% / 1h27m 29s$5.6M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Katana Perps. 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
−$4.84
Price spread: +0.014% → +0.044%
−$3.02
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$17.66
Costs to cover
0.098%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; RISEx: live order book, 2 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 RISEx live order book, 2 min ago0.02 bp3.9 bp −$45.6 bp −$56doesn't fitdoesn't fit
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%1h2,741.2+0.036%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.106%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.4+0.042%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,740.7+0.018%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,739.6−0.023%$304K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0008%1h2,739.3−0.032%$24.6M—200xas long as short
Phoenix ETH+0.0017%1h2,745.3+0.186%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,741+0.029%$182K$876K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,746.4+0.224%$8.9M$30.9M100xas long as short
BingX ETH-USDC+0.0052%8h2,738.2−0.074%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0064%8h2,739.5−0.026%$1.70B$10.54B100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,739.8−0.015%$381.7M$578.3M100xas long as short
RISEx ETH/USDCshort+0.0077%1h2,740.6+0.014%$5.6M$11.2M25x
Bullet ETH-USD+0.0078%1h2,739−0.044%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0084%8h2,740.1−0.002%$252.4M$841.0M200xas long as short
MEXC ETH_USDT+0.0094%8h2,739.3−0.034%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0095%8h2,738.8−0.053%$6.37B$15.67B150xas long as short
Lighter ETH+0.0096%1h2,740.3+0.003%$112.6M$434.0M50xas long as short
Lighter RH ETH+0.0096%1h2,741.7+0.054%$24.6M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,740.5+0.010%—$30.7M500xas long as short
Aevo ETH-PERP+0.0096%1h2,737.8−0.087%$4.9M$155K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,741.6+0.050%$58.5M$4.26B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.4+0.154%$16.0M$7.9M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,740.2long leg$469K$3.0M50x
Nado ETH-PERP+0.0100%1h2,740−0.008%$13.9M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,741.8+0.059%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,740.9+0.026%$31.6M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,738.6−0.058%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.3+0.004%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,740.6+0.016%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5+0.048%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,740.2+0.001%$3.38B$8.73B200xas long as short
Bitget ETHUSDT+0.0100%8h2,739.9−0.013%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.3+0.002%$15.0M$40.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.6+0.198%$132.9M$330.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.5+0.119%$182.3M$671.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.8+0.130%$159.6M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,744.8+0.168%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.9+0.027%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,740.8+0.022%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,742.2+0.073%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,739.9−0.013%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.5+0.011%$54.6M$187.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,740.3+0.003%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8+0.022%$266.5M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,739.2−0.035%$30.6M$72.1M50xas long as short
Aftermath Perps ETHUSD+0.0128%1h2,743+0.101%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,741.9+0.062%$7.4M$670.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,742.8+0.096%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.6+0.053%$86.8M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,739.2−0.038%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,745.1+0.178%$252K$1.4M20xas long as short
Deribit ETH-PERPETUAL+0.0286%1h2,742.4+0.079%$259.7M$197.8M50xas long as short
BloFin ETH-USDT+0.0368%8h2,742.4+0.080%$284.4M$181.8M150xas long as short
Bluefin ETH-PERP+0.0437%1h2,741.2+0.035%$21K$20K25xas long as short