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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 16:00 UTC+0.0108%/8h= +11.8% APRnext payment +$1.08 per $10,000 · paid last 24h +0.042%
Price spread now: Orderly against OKX+0.073%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days+0.281%+$28 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.073%, 7d avg +0.088%
Together, before fees+0.225%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,740.60.0067pay 0.0067% / 8h6h 18m$1.66B$9.49B100x
ShortOrderly PERP_ETH_USDC2,742.60.0175get 0.0175% / 8h6h 18m$32.3M$10.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$22.73
Price spread: +0.073% → +0.088%
−$1.5
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$5.22
Costs to cover
0.160%
Break-even
5.4 days
Slippage unknown: OKX: live order book, 3 min ago; Orderly: 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, 3 min ago0.02 bp5.0 bp −$55.0 bp −$505.2 bp −$5177.4 bp −$3,722
Sell Orderly no order-book sample—————
Orderly: 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 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0096%1h2,742+0.053%$235K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.5+0.034%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,742.6+0.075%$8.3M$27.2M100xas long as short
Bybit ETHUSDT−0.0030%8h2,740.5−0.003%$2.36B$3.91B150xas long as short
Phoenix ETH−0.0023%1h2,742.8+0.081%$806K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.9+0.012%$12.0M—200xas long as short
Kalshi KXETHPERP0.0000%8h2,741.2+0.023%$7.0M$662.1M4.9xas long as short
Perpl ETH0.0000%43m2,740.4−0.005%$269K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,740.7+0.004%$33.1M—200xas long as short
01 Exchange ETHUSD+0.0048%1h2,741.4+0.030%$195K$939K50xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0053%1h2,741.7+0.041%$14.8M$42.9M50xas long as short
Gate ETH_USDT+0.0056%8h2,740.8+0.009%$3.26B$7.87B200xas long as short
OKX ETH-USDT-SWAPlong+0.0067%8h2,740.6long leg$1.66B$9.49B100x
Aster ETHUSDT+0.0073%8h2,740.6+0.001%$256.0M$738.3M200xas long as short
MEXC ETH_USDT+0.0079%8h2,740.9+0.013%$1.59B$2.52B500xas long as short
Binance ETHUSDT+0.0079%8h2,740.5−0.001%$6.38B$14.51B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,741.4+0.029%$82.0M$279.9M100xas long as short
Aevo ETH-PERP+0.0080%1h2,738−0.093%$4.9M$208K20xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,741.8+0.044%$267.3M$192.8M50xas long as short
KuCoin ETHUSDTM+0.0084%8h2,740.6+0.001%$365.8M$458.6M100xas long as short
Aftermath Perps ETHUSD+0.0090%1h2,741.1+0.020%$30K$8K20xas long as short
Lighter ETH+0.0096%1h2,741.3+0.025%$113.9M$390.1M50xas long as short
Lighter RH ETH+0.0096%1h2,742.4+0.068%$23.7M$98.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.016%—$23.7M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.9+0.012%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.1−0.016%$14.5M$97.3M50xas long as short
Pacifica ETH+0.0100%1h2,741.2+0.024%$32.1M$324.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6+0.001%$2.8M$14.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.7+0.040%$1.5M$14.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6+0.002%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,740.6+0.001%$2.11B$2.37B150xas long as short
BingX ETH-USDT+0.0100%8h2,740.7+0.003%—$960.4M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.4−0.008%$14.9M$37.0M50xas long as short
Variational Omni ETH+0.0100%8h2,740.5−0.004%$132.1M$302.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,742.4+0.066%$186.1M$633.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.4−0.007%$159.3M$73.0M50xas long as short
StandX ETH-USD+0.0100%1h2,742.7+0.078%$21.1M$72.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,742.7+0.076%—$346K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.6+0.074%$11.2M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,740.9+0.011%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,740.1−0.017%$945K$9.1M100xas long as short
SoDEX ETH-USD+0.0100%1h2,740.6+0.001%$61.7M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,740.9+0.013%$1.05B$1.09B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.6+0.003%$263.6M$57.6M150xas long as short
Extended ETH-USD+0.0104%1h2,739.7−0.030%$30.4M$66.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,741.8+0.043%$45.6M$3.93B50xas long as short
Hyperliquid ETH+0.0127%1h2,743.9+0.122%$3.15B$1.78B25xas long as short
Reya ETHRUSDPERP+0.0161%1h2,740.5−0.002%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,742.7+0.077%$5.6M$10.7M25xas long as short
Orderly PERP_ETH_USDCshort+0.0175%8h2,742.6+0.073%$32.3M$10.1M100x
BloFin ETH-USDT+0.0190%8h2,740.7+0.006%$282.2M$156.7M150xas long as short
Paradex ETH-USD-PERP+0.0305%8h2,744.8+0.155%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,747.3+0.246%$118K$23.9M52xas long as short
Bluefin ETH-PERP+0.1049%1h2,740.9+0.012%$20K$15K25xas long as short