Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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.

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%
Price spread now: 01 Exchange against Katana Perps+0.037%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.067%−$7 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.037%, 7d avg +0.032%
Together, before fees−0.091%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,733.60.0100pay 0.0100% / 8h4h 14m$499K$3.2M50x
Short01 Exchange ETHUSD2,734.60get 0.0000% / 1h14m 59s$187K$823K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$20.96
Price spread: +0.037% → +0.032%
$0.44
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$31.31
Costs to cover
0.108%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; 01 Exchange: live order book, 44 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 01 Exchange live order book, 44 min ago0.18 bp8.6 bp −$911.1 bp −$111doesn'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
Perpl ETH−0.0447%43m2,733.5−0.003%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.022%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.7−0.033%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733.8+0.006%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,733.1−0.019%$10.8M$41.6M50xas long as short
01 Exchange ETHUSDshort0.0000%1h2,734.6+0.037%$187K$823K50x
Phoenix ETH0.0000%1h2,734.2+0.022%$828K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,733.9+0.009%$28.1M—200xas long as short
Bullet ETH-USD+0.0009%1h2,733.2−0.015%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0034%8h2,732.6−0.037%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0048%8h2,732.4−0.045%—$18.4M—as long as short
ApeX Omni ETHUSDT+0.0053%1h2,733.7+0.003%$8.7M$31.3M100xas long as short
Bybit ETHUSDT+0.0057%8h2,732.9−0.026%$2.38B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0064%8h2,733.60.000%$380.3M$574.6M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,733−0.021%$1.67B$10.71B100xas long as short
Phemex ETHUSDT+0.0075%8h2,734+0.015%$265.8M$65.1M150xas long as short
Aster ETHUSDT+0.0085%8h2,733.1−0.017%$251.0M$841.9M200xas long as short
SoDEX ETH-USD+0.0093%1h2,733.2−0.015%$54.4M$187.6M40xas long as short
MEXC ETH_USDT+0.0093%8h2,733.2−0.015%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0094%8h2,733.1−0.017%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,733.6+0.001%$112.9M$440.6M50xas long as short
Lighter RH ETH+0.0096%1h2,734.7+0.042%$23.4M$106.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.9+0.010%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,730.9−0.098%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,736.4+0.103%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,734.5+0.034%$5.6M$11.6M25xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,733.6long leg$499K$3.2M50x
Nado ETH-PERP+0.0100%1h2,733.1−0.019%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.6+0.073%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.2+0.024%$31.9M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.4−0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.5+0.034%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.2−0.014%$3.34B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733−0.023%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.8−0.028%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.4−0.044%$133.8M$325.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.8−0.031%$183.8M$672.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.037%$159.1M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.015%$21.1M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.3+0.026%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.2+0.059%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.8+0.007%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,735.1+0.055%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.3−0.049%$958K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8+0.045%$164.8M$300.4M25xas long as short
Extended ETH-USD+0.0104%1h2,732.6−0.038%$30.4M$72.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.3+0.025%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,734+0.015%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0116%1h2,734.6+0.037%$259.7M$196.5M50xas long as short
Kalshi KXETHPERP+0.0135%8h2,733−0.022%$6.8M$678.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,735.9+0.084%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0218%1h2,732.6−0.038%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,733.9+0.010%$83.2M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,734.3+0.026%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0376%8h2,733.2−0.016%$283.7M$175.6M150xas long as short