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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 08:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.008%
Price spread now: OKX against ApeX Omni−0.021%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Long on ApeX OmniShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.021%, 7d avg −0.009%
Together, before fees+0.113%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,732.10.0045pay 0.0006% / 1h45m 32s$8.6M$31.6M100x
ShortOKX ETH-USDT-SWAP2,731.50.0076get 0.0076% / 8h45m 32s$1.65B$10.85B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$6.37
Price spread: −0.021% → −0.009%
−$1.16
Slippage, 4 orders
−$1.68
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$16.47
Costs to cover
0.217%
Break-even
25.1 days
Slippage from ApeX Omni: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago0.53 bp5.5 bp −$66.9 bp −$6923.0 bp −$2,29740.5 bp −$20.2K
Sell OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5287.4 bp −$3,697

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
BloFin ETH-USDT−0.0132%8h2,732.1−0.001%$281.6M$178.1M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732−0.003%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.057%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.6+0.018%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.032%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732.9+0.030%$6.5M$680.5M4.9xas long as short
Perpl ETH0.0000%43m2,731.9−0.005%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.1+0.039%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.7−0.015%$33.0M—200xas long as short
BingX ETH-USDC+0.0019%8h2,730.9−0.044%—$18.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,731.3−0.028%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.8−0.009%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.2+0.005%$191K$890K50xas long as short
ApeX Omni ETHUSDTlong+0.0045%1h2,732.1long leg$8.6M$31.6M100x
Injective ETH/USDC PERP+0.0050%1h2,733.8+0.063%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.8+0.026%$82.1M$309.3M100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,731.4−0.025%$385.0M$577.6M100xas long as short
OKX ETH-USDT-SWAPshort+0.0076%8h2,731.5−0.021%$1.65B$10.85B100x
Hibachi ETH/USDT-P+0.0080%1h2,733.9+0.068%$242K$1.4M20xas long as short
Aster ETHUSDT+0.0082%8h2,731.6−0.018%$253.0M$849.4M200xas long as short
MEXC ETH_USDT+0.0094%8h2,731.6−0.018%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,731.5−0.020%$6.32B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,732−0.001%$112.6M$429.3M50xas long as short
Lighter RH ETH+0.0096%1h2,733.2+0.042%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.2−0.069%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.7+0.021%$263.3M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.2−0.032%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736+0.142%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.3−0.029%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.7+0.060%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732.4+0.011%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731−0.039%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.3+0.008%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.093%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.8−0.012%$3.31B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,731.7−0.015%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.3−0.029%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6−0.016%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.7−0.013%$185.7M$684.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.8+0.027%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,732.7+0.023%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.9+0.067%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.4+0.049%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.2+0.006%$185K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733+0.036%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.2+0.079%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,732.10.000%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.1+0.001%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,731.9−0.008%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,730.7−0.050%$30.4M$72.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.9+0.031%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.5+0.051%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.3+0.007%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,731.3−0.028%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,734.3+0.083%$32.2M$11.3M100xas long as short