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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.019%
Price spread now: Deribit against ApeX Omni+0.040%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Long on ApeX OmniShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.040%, 7d avg +0.047%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,770.5−0.0023get 0.0003% / 1h8m 53s$8.7M$32.9M100x
ShortDeribit ETH-PERPETUAL2,771.60.0082get 0.0010% / 1h8m 53s$259.0M$222.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$22.08
Price spread: +0.040% → +0.047%
−$0.64
Slippage, 4 orders
−$2.97
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$1.46
Costs to cover
0.200%
Break-even
6.5 days
Slippage from ApeX Omni: live order book, just now; Deribit: live order book, 5 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, just now0.32 bp5.4 bp −$55.4 bp −$5422.4 bp −$2,24346.2 bp −$23.1K
Sell Deribit live order book, 5 min ago0.36 bp4.2 bp −$45.2 bp −$5211.6 bp −$1,16122.6 bp −$11.3K

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−0.0223%43m2,770.2−0.011%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.025%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.303%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.073%$5K$2K50xas long as short
ApeX Omni ETHUSDTlong−0.0023%1h2,770.5long leg$8.7M$32.9M100x
01 Exchange ETHUSD−0.0008%1h2,770.1−0.014%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.029%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.036%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.033%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769.8−0.025%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.029%$12.8M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.030%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.040%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.7+0.007%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770−0.018%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.006%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.4−0.004%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,771+0.018%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.041%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770−0.018%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.8+0.010%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,771.7+0.043%$421.3M$738.6M100xas long as short
Deribit ETH-PERPETUALshort+0.0082%1h2,771.6+0.040%$259.0M$222.1M50x
Bybit ETHUSDT+0.0088%8h2,770−0.019%$2.50B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,770.3−0.008%—$1.24B—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.053%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8−0.024%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.040%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.007%$115.1M$500.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.062%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5−0.001%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.050%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.029%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.062%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.1−0.013%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.021%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.001%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.039%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.010%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.074%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.018%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.064%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.50.000%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.004%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.027%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.037%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.098%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,770.6+0.003%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.022%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.022%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.033%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.104%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.008%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1−0.013%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.048%$252K$1.6M20xas long as short