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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 08:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.019%
Price spread now: Katana Perps against OKX+0.006%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 OKXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.050%+$5 on $10k
Price spread, last 7 days−0.054%−$5 · spread now +0.006%, 7d avg −0.032%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.038% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,725.90.0072pay 0.0072% / 8h18m 29s$1.65B$10.79B100x
ShortKatana Perps ETH-USD2,7260.0100get 0.0100% / 8h18m 29s$500K$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$5.8
Price spread: +0.006% → −0.032%
$3.77
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$4.23
Costs to cover
0.138%
Break-even
12.1 days
Slippage unknown: OKX: live order book, 6 min ago; Katana Perps: 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 OKX live order book, 6 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5036.8 bp −$3,417
Sell Katana Perps no order-book sample—————
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%43m2,725.5−0.012%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0177%8h2,726+0.006%$281.9M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726+0.006%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.5−0.050%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,727.1+0.045%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,726.4+0.020%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,725.9+0.002%$6.7M$678.6M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727.7+0.066%$263.5M$213.6M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.3+0.054%$32.9M—200xas long as short
BingX ETH-USDT+0.0017%8h2,726.2+0.014%—$1.08B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,725.9+0.001%$2.32B$4.34B150xas long as short
HTX ETH-USDT+0.0031%8h2,726.5+0.023%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.8+0.035%$190K$884K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,730.5+0.171%$166K$21.6M52xas long as short
ApeX Omni ETHUSDT+0.0051%1h2,722.5−0.122%$8.4M$31.5M100xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,724.1−0.063%$241K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,727.5+0.061%$81.9M$310.8M100xas long as short
OKX ETH-USDT-SWAPlong+0.0072%8h2,725.9long leg$1.65B$10.79B100x
KuCoin ETHUSDTM+0.0074%8h2,726.3+0.015%$382.1M$577.5M100xas long as short
Aster ETHUSDT+0.0077%8h2,726.1+0.010%$252.6M$847.2M200xas long as short
MEXC ETH_USDT+0.0088%8h2,726.3+0.017%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,724.9−0.035%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0088%8h2,726.1+0.011%$6.30B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,726.5+0.025%$112.3M$433.0M50xas long as short
Lighter RH ETH+0.0096%1h2,727.9+0.075%$23.4M$102.4M50xas long as short
Phemex ETHUSDT+0.0099%8h2,726.5+0.024%$262.7M$64.5M150xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,726+0.006%$500K$3.6M50x
Paradex ETH-USD-PERP+0.0100%8h2,730.9+0.184%$15.4M$7.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.2+0.012%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.101%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,726.9+0.039%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726.3+0.017%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.9+0.038%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.5+0.023%$3.31B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726+0.004%$2.11B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.3+0.018%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.2−0.133%$133.6M$316.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,721.7−0.152%$185.2M$682.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.4−0.089%$158.3M$81.9M50xas long as short
StandX ETH-USD+0.0100%1h2,726.8+0.035%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.7+0.070%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.3+0.053%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,726.9+0.037%$182K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,728.4+0.093%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,725.5−0.012%$956K$10.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,727+0.042%$54.3M$182.7M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.032%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,725−0.031%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,725.6−0.008%$30.4M$71.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,727.3+0.054%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,728.5+0.095%$46.6M$4.28B50xas long as short
RISEx ETH/USDC+0.0114%1h2,727+0.043%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,725.1−0.027%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,729.3+0.126%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0407%1h2,726.7+0.030%$20K$23K25xas long as short