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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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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 00:00 UTC−0.0098%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h +0.008%
Price spread now: Bluefin against Reya+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Bluefin is 0.061% dearer against Reya than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,783.80.0198pay 0.0025% / 1h46m 21s$7.4M$1.2M25x
ShortBluefin ETH-PERP2,785.50.0100get 0.0013% / 1h46m 21s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Reya. 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
−$20.67
Price spread: +0.061% → 0.000%
$6.12
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$27.56
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Bluefin: 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 Reya no order-book sample—————
Sell Bluefin no order-book sample—————
Reya and Bluefin: 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%43m2,784.3+0.020%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.5−0.010%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0110%1h2,783.3−0.016%$8.8M$32.8M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9−0.067%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,783.9+0.005%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,783.3−0.016%$168K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0014%1h2,783.1−0.024%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784+0.009%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6−0.006%$883K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,785.8+0.074%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,785.3+0.055%—$1.21B—as long as short
OKX ETH-USDT-SWAP+0.0021%8h2,785.3+0.055%$1.71B$11.94B100xas long as short
Phemex ETHUSDT+0.0023%8h2,781.6−0.079%$271.1M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,785.7+0.069%$13.0M—200xas long as short
Aster ETHUSDT+0.0039%8h2,784.2+0.015%$257.7M$1.00B200xas long as short
Bullet ETH-USD+0.0063%1h2,784.8+0.037%$184K$1.7M20xas long as short
Aevo ETH-PERP+0.0064%1h2,783.7−0.001%$5.1M$636K20xas long as short
MEXC ETH_USDT+0.0066%8h2,784.8+0.036%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0066%8h2,783.9+0.004%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0068%8h2,785.2+0.052%$6.46B$17.29B150xas long as short
Gate ETH_USDT+0.0072%8h2,785.3+0.056%$3.31B$9.60B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782.5−0.047%$60.3M$4.62B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,784+0.009%$423.0M$740.0M100xas long as short
HTX ETH-USDT+0.0091%8h2,781−0.100%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0091%8h2,785.4+0.060%$2.52B$4.64B150xas long as short
SoDEX ETH-USD+0.0093%1h2,780.9−0.103%$55.4M$229.1M40xas long as short
Lighter ETH+0.0096%1h2,783.8+0.002%$116.3M$496.3M50xas long as short
Lighter RH ETH+0.0096%1h2,785.3+0.056%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,785.8+0.072%—$42.0M500xas long as short
Vest ETH-PERP+0.0097%1h2,783.8+0.002%—$1.1M50xas long as short
Nado ETH-PERP+0.0099%1h2,783.6−0.007%$14.4M$118.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.6−0.004%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.8−0.034%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,786.5+0.099%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.9+0.005%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,782.6−0.042%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,784.6+0.030%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.016%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,781.7−0.075%$15.1M$44.0M50xas long as short
Variational Omni ETH+0.0100%8h2,782.7−0.039%$147.8M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.1−0.061%$182.1M$781.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,782−0.064%$161.7M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,781.5−0.081%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.6+0.030%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,785.5+0.061%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,782.7−0.037%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.9−0.138%$975K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,783−0.026%$32.7M$77.8M50xas long as short
Deribit ETH-PERPETUAL+0.0113%1h2,782.7−0.037%$258.9M$223.0M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,782.3−0.054%$86.9M$333.3M100xas long as short
Kalshi KXETHPERP+0.0123%8h2,782.1−0.060%$8.3M$683.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,787.7+0.143%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0187%8h2,781.1−0.096%$285.2M$195.0M150xas long as short
Reya ETHRUSDPERPlong+0.0198%1h2,783.8long leg$7.4M$1.2M25x
Hibachi ETH/USDT-P+0.0272%1h2,781.6−0.076%$271K$1.5M20xas long as short