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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+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.019%
Price spread now: Pacifica against ApeX Omni+0.006%51s7-day average +0.002% · 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—prices read too far apart to compare
costs, in and out, $10k−$190.185% of the position
Long on ApeX OmniShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.116%+$12 on $10k
Price spread, last 7 days+0.001%$0 · spread now +0.006%, 7d avg +0.002%
Together, before fees+0.117%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,771.4−0.0022get 0.0003% / 1h11m 53s$8.7M$33.0M100x
ShortPacifica ETH2,771.60.0100get 0.0013% / 1h11m 53s$31.2M$315.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$25.57
Price spread: +0.006% → +0.002%
$0.38
Slippage, 4 orders
−$0.54
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$7.41
Costs to cover
0.185%
Break-even
5.0 days
Slippage from ApeX Omni: live order book, 7 min ago; Pacifica: live order book, 2 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, 7 min ago0.09 bp5.1 bp −$55.3 bp −$5321.1 bp −$2,11140.0 bp −$20.0K
Sell Pacifica live order book, 2 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn't fit

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%43m2,771.4−0.001%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.7−0.025%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.336%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.5−0.033%$5K$2K50xas long as short
ApeX Omni ETHUSDTlong−0.0022%1h2,771.4long leg$8.7M$33.0M100x
01 Exchange ETHUSD−0.0008%1h2,770.9−0.018%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,772.2+0.030%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.8+0.014%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.8−0.022%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,769.2−0.081%$1.70B$11.87B100xas 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%1h2,770.9−0.019%$12.8M—200xas long as short
Phemex ETHUSDT+0.0029%8h2,770.2−0.044%$270.0M$68.9M150xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772+0.020%$29K$22K20xas long as short
Aster ETHUSDT+0.0032%8h2,770.1−0.047%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0035%1h2,769.3−0.076%$55.1M$228.9M40xas long as short
Bullet ETH-USD+0.0039%1h2,770−0.049%$182K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0046%1h2,771−0.016%$259.0M$222.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,767.8−0.131%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0057%8h2,769.6−0.065%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0057%8h2,769.4−0.072%$6.45B$17.30B150xas long as short
Bitget ETHUSDT+0.0065%8h2,769−0.087%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0068%8h2,769.7−0.061%$3.29B$9.68B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.1−0.047%$420.8M$739.3M100xas long as short
Bybit ETHUSDT+0.0088%8h2,769.5−0.067%$2.50B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,769.4−0.073%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.1−0.012%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,770.5−0.032%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,770−0.051%$115.2M$500.4M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.001%$25.3M$121.9M50xas long as short
Vest ETH-PERP+0.0096%1h2,771.1−0.010%—$1.1M50xas long as short
Nado ETH-PERP+0.0098%1h2,770.6−0.028%$14.3M$118.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.039%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.044%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.029%$3.17B$2.36B25xas long as short
Pacifica ETHshort+0.0100%1h2,771.6+0.006%$31.2M$315.2M50x
Ondo Perps ETH-USD.P+0.0100%1h2,770.8−0.022%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.7+0.010%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,773+0.056%$170.1M$265.7M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7−0.063%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,772.7+0.047%$147.4M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,771.6+0.006%$182.0M$785.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.1−0.010%$161.1M$90.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.40.000%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.9−0.018%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.7−0.027%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,771−0.016%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,772+0.021%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.4−0.071%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.5−0.032%—$43.7M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,771−0.015%$8.1M$687.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,770.7−0.025%$90.3M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,772.2+0.029%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770−0.051%$286.1M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0204%1h2,770.3−0.040%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,772.1+0.024%$252K$1.6M20xas long as short