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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+0.0132%/8h= +14.5% APRpaid last 24h +0.051%
Price spread now: BloFin against ApeX Omni+0.015%103s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.224% of the position
Long on ApeX OmniShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.307%+$31 on $10k
Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.015%, 7d avg +0.005%
Together, before fees+0.224%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,776.40.0049pay 0.0006% / 1h57m 27s$8.8M$32.7M100x
ShortBloFin ETH-USDT2,776.80.0181get 0.0181% / 8h57m 27s$285.0M$195.0M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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
$27.72
Price spread: +0.015% → +0.005%
$1.06
Slippage, 4 orders
−$0.44
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$6.34
Costs to cover
0.224%
Break-even
5.4 days
Slippage from ApeX Omni: live order book, 2 min ago; BloFin: live order book, 7 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 ApeX Omni live order book, 2 min ago0.07 bp5.1 bp −$57.2 bp −$7225.6 bp −$2,55742.4 bp −$21.2K
Sell BloFin live order book, 7 min ago0.02 bp6.0 bp −$66.1 bp −$617.3 bp −$7269.3 bp −$4,666

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%43m2,779.7+0.122%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,779.8+0.123%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.3+0.034%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.7+0.121%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,780.4+0.146%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.111%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,778.7+0.085%$881K$3.7M25xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,777.9+0.057%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,781.4+0.182%$22.5M—200xas long as short
BingX ETH-USDT+0.0014%8h2,780.8+0.161%—$1.21B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,780.9+0.162%$1.70B$11.89B100xas long as short
Phemex ETHUSDT+0.0022%8h2,779.2+0.101%$270.7M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.7+0.120%$13.0M—200xas long as short
Bullet ETH-USD+0.0028%1h2,780.5+0.151%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0033%8h2,780.7+0.157%$254.9M$996.0M200xas long as short
ApeX Omni ETHUSDTlong+0.0049%1h2,776.4long leg$8.8M$32.7M100x
Binance ETHUSDT+0.0061%8h2,780.7+0.157%$6.45B$17.23B150xas long as short
MEXC ETH_USDT+0.0061%8h2,780.8+0.160%$1.60B$2.62B500xas long as short
Nado ETH-PERP+0.0062%1h2,780.2+0.138%$14.3M$118.2M50xas long as short
Bitget ETHUSDT+0.0064%8h2,780.5+0.151%$2.10B$3.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,777.7+0.049%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0069%1h2,778.7+0.085%$55.3M$229.0M40xas long as short
Gate ETH_USDT+0.0070%8h2,779.5+0.115%$3.30B$9.56B200xas long as short
Deribit ETH-PERPETUAL+0.0070%1h2,780.5+0.150%$258.7M$222.8M50xas long as short
HTX ETH-USDT+0.0087%8h2,778.9+0.090%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,780+0.132%$60.1M$4.61B50xas long as short
Bybit ETHUSDT+0.0090%8h2,780.2+0.140%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,780.2+0.139%$423.7M$739.4M100xas long as short
Vest ETH-PERP+0.0095%1h2,780.5+0.151%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,779.6+0.118%$115.2M$492.7M50xas long as short
Lighter RH ETH+0.0096%1h2,781+0.166%$25.5M$120.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,779.2+0.104%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,779.9+0.128%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,783.2+0.247%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,779.7+0.120%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,779+0.095%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,781.1+0.169%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.057%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.116%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.015%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,776.8+0.018%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.020%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,779.1+0.099%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,782+0.204%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.7+0.121%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,781.3+0.180%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,779.2+0.103%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,779.1+0.100%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,781.3+0.178%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,780.1+0.134%$86.6M$332.7M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,778.8+0.088%$8.3M$681.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,782+0.202%$32.6M$12.0M100xas long as short
BloFin ETH-USDTshort+0.0181%8h2,776.8+0.015%$285.0M$195.0M150x
Reya ETHRUSDPERP+0.0196%1h2,780.7+0.155%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,780.2+0.140%$270K$1.5M20xas long as short