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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 06:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: RISEx against ApeX Omni−0.070%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Long on ApeX OmniShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.127%+$13 on $10k
Price spread, last 7 days+0.071%+$7 · spread now −0.070%, 7d avg +0.002%
Together, before fees+0.198%+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.072% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,729.40.0100pay 0.0013% / 1h55m 25s$8.7M$31.2M100x
ShortRISEx ETH/USDC2,727.50.0108get 0.0013% / 1h55m 25s$5.6M$11.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.63
Price spread: −0.070% → +0.002%
−$7.24
Slippage, 4 orders
−$2.56
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$24.17
Costs to cover
0.186%
Break-even
111.1 days
Slippage from ApeX Omni: live order book, 4 min ago; RISEx: 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 ago0.22 bp6.8 bp −$76.8 bp −$6821.9 bp −$2,18750.9 bp −$25.5K
Sell RISEx live order book, 4 min ago0.02 bp3.0 bp −$33.6 bp −$36doesn'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−0.0335%43m2,728.2−0.046%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.8−0.022%$5K$1K50xas long as short
HTX ETH-USDT−0.0020%8h2,729−0.016%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.9−0.091%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6−0.066%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6−0.028%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2−0.083%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,726.5−0.107%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0030%8h2,726.9−0.090%—$1.14B—as long as short
Bybit ETHUSDT+0.0039%8h2,726.3−0.113%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.5−0.070%$186K$785K50xas long as short
Deribit ETH-PERPETUAL+0.0054%1h2,730.5+0.039%$258.5M$203.1M50xas long as short
SunX ETH-USDT+0.0058%8h2,728.7−0.026%$958K$11.1M100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,726.6−0.102%$377.8M$576.6M100xas long as short
Bullet ETH-USD+0.0077%1h2,726.5−0.107%$176K$1.7M20xas long as short
Aster ETHUSDT+0.0078%8h2,726.9−0.090%$252.3M$843.0M200xas long as short
Aevo ETH-PERP+0.0080%1h2,727.5−0.070%$4.9M$155K20xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,728.4−0.036%$30K$20K20xas long as short
MEXC ETH_USDT+0.0083%8h2,726.6−0.103%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,726.4−0.111%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0085%8h2,726.8−0.096%$6.32B$15.97B150xas long as short
Phemex ETHUSDT+0.0087%8h2,729−0.014%$264.2M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,727.7−0.064%$111.9M$428.3M50xas long as short
Lighter RH ETH+0.0096%1h2,729.6+0.005%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.3−0.040%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.099%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.8−0.022%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9−0.054%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.7−0.026%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728−0.050%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.7−0.026%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.5−0.070%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,727−0.088%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.4−0.110%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.5−0.033%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8−0.021%$134.6M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9−0.055%$183.5M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731+0.058%$158.9M$87.3M50xas long as short
ApeX Omni ETHUSDTlong+0.0100%1h2,729.4long leg$8.7M$31.2M100x
StandX ETH-USD+0.0100%1h2,729.3−0.004%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.1−0.048%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2−0.044%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.8+0.014%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.9+0.056%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,729.40.000%$54.4M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.090%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.1−0.123%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,730.4+0.037%$50.1M$4.28B50xas long as short
RISEx ETH/USDCshort+0.0108%1h2,727.5−0.070%$5.6M$11.7M25x
Kalshi KXETHPERP+0.0127%8h2,729.7+0.011%$6.4M$688.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,729.8+0.013%$83.0M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,732+0.095%$32.1M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0205%1h2,725.6−0.139%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,729.6+0.008%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0332%8h2,730.6+0.044%$283.8M$174.7M150xas long as short