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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 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.015%
Price spread now: edgeX against ApeX Omni+0.131%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Long on ApeX OmniShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$19 on $10k
Price spread, last 7 days−0.144%−$14 · spread now +0.131%, 7d avg −0.036%
Together, before fees+0.051%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.166% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,732.90.0036pay 0.0005% / 1h28m 55s$8.7M$31.3M100x
ShortedgeX ETHUSDC2,736.50.0100get 0.0050% / 4h28m 55s$184.1M$672.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$13.36
Price spread: +0.131% → −0.036%
$16.64
Slippage, 4 orders
−$2.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$8.33
Costs to cover
0.217%
Break-even
2.6 days
Slippage from ApeX Omni: live order book, 5 min ago; edgeX: 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, 5 min ago0.82 bp5.8 bp −$66.0 bp −$6021.2 bp −$2,12040.5 bp −$20.2K
Sell edgeX live order book, 5 min ago0.04 bp5.5 bp −$55.6 bp −$565.7 bp −$5676.6 bp −$3,288

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%43m2,738.2+0.191%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9−0.074%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.3+0.196%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,738.3+0.196%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,739+0.222%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,737.8+0.178%$188K$822K50xas long as short
Phoenix ETH0.0000%1h2,738.5+0.204%$831K$2.9M25xas long as short
Bullet ETH-USD+0.0006%1h2,738+0.187%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,738.3+0.198%$28.1M—200xas long as short
ApeX Omni ETHUSDTlong+0.0036%1h2,732.9long leg$8.7M$31.3M100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0056%8h2,734.9+0.071%—$18.5M—as long as short
Phemex ETHUSDT+0.0061%8h2,737.4+0.164%$266.2M$65.6M150xas long as short
HTX ETH-USDT+0.0062%8h2,737+0.149%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,735+0.076%$380.0M$574.7M100xas long as short
Bybit ETHUSDT+0.0069%8h2,734.8+0.068%$2.39B$4.35B150xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,735+0.075%$1.67B$10.72B100xas long as short
SoDEX ETH-USD+0.0078%1h2,737.6+0.171%$54.5M$187.6M40xas long as short
Deribit ETH-PERPETUAL+0.0079%1h2,739+0.223%$260.2M$196.1M50xas long as short
Aster ETHUSDT+0.0087%8h2,737.3+0.162%$251.2M$843.7M200xas long as short
Aevo ETH-PERP+0.0088%1h2,735.4+0.090%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0090%8h2,734.8+0.069%$1.53B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,735.4+0.091%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,737.6+0.171%$113.2M$438.7M50xas long as short
Lighter RH ETH+0.0096%1h2,739.3+0.232%$23.4M$106.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738+0.186%—$30.9M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,742.9+0.367%$15.5M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,738+0.186%$5.6M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.4+0.164%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.7+0.174%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.3+0.196%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.6+0.207%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,738.2+0.193%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.2+0.193%$1.6M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7−0.156%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.8+0.068%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.9+0.071%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.9+0.107%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,736.1+0.116%$133.6M$325.4M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,736.5+0.131%$184.1M$672.4M100x
GRVT ETH_USDT_Perp+0.0100%8h2,737.2+0.156%$159.2M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,737.2+0.156%$21.1M$68.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.9+0.219%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.7+0.248%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,738.4+0.200%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.5+0.240%$41.4M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.2+0.154%$959K$11.4M100xas long as short
Extended ETH-USD+0.0104%1h2,734+0.039%$30.3M$72.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,738.8+0.215%$51.5M$4.28B50xas long as short
Aftermath Perps ETHUSD+0.0124%1h2,735.3+0.088%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0144%8h2,738.6+0.207%$6.6M$678.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,740.4+0.273%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,737.4+0.164%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.3+0.195%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3+0.231%$254K$1.4M20xas long as short
BloFin ETH-USDT+0.0371%8h2,737.3+0.160%$282.5M$175.6M150xas long as short