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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 00:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against OKX−0.007%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.007%, 7d avg +0.004%
Together, before fees−0.005%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,776.40.0022pay 0.0022% / 8h2h 20m$1.71B$11.92B100x
ShortBinance ETHUSDT2,776.20.0049get 0.0049% / 8h2h 20m$6.44B$17.23B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$5.62
Price spread: −0.007% → +0.004%
−$1.05
Slippage, 4 orders
−$0.25
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$15.69
Costs to cover
0.203%
Break-even
26.6 days
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.8 bp −$5837.9 bp −$3,948
Sell Binance live order book, 9 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5948.5 bp −$4,251

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−0.0112%43m2,776−0.014%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.024%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.9+0.019%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.015%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.107%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.8+0.015%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,774.7−0.060%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,776.5+0.003%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.9+0.018%$22.4M—200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.1−0.009%$267.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPlong+0.0022%8h2,776.4long leg$1.71B$11.92B100x
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.8+0.014%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,776.3−0.003%$256.8M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.010%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,776.5+0.005%$1.60B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.8−0.020%$5.0M$636K20xas long as short
Binance ETHUSDTshort+0.0049%8h2,776.2−0.007%$6.44B$17.23B150x
Gate ETH_USDT+0.0073%8h2,776.5+0.006%$3.29B$9.67B200xas long as short
Bitget ETHUSDT+0.0074%8h2,776.5+0.003%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.9−0.017%$183K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h2,778.1+0.061%$258.5M$225.0M50xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.080%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,777.2+0.030%$115.2M$514.3M50xas long as short
Lighter RH ETH+0.0096%1h2,778.5+0.078%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.015%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.4−0.001%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.6+0.008%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,777.6+0.043%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.2+0.102%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,777+0.022%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.4+0.001%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.5−0.031%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.5+0.076%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.062%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.6+0.009%$422.8M$742.0M100xas long as short
BingX ETH-USDT+0.0100%8h2,776.5+0.004%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6+0.007%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.020%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.024%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.023%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.9+0.091%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777+0.022%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.082%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.6+0.009%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.2−0.006%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776−0.014%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.1+0.062%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,776.1−0.011%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778+0.057%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0121%8h2,777.7+0.048%$8.5M$673.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,779.2+0.102%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1−0.012%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.6−0.026%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.5+0.042%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,779.2+0.102%$284K$1.5M20xas long as short