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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 22:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.010%
Price spread now: 01 Exchange against ApeX Omni+0.091%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$290.285% of the position
Long on ApeX OmniShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.091%, 7d avg 0.000%
Together, before fees−0.242%−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.091% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,769.3−0.0178get 0.0022% / 1h46m 42s$10.5M$31.0M100x
Short01 Exchange ETHUSD2,771.8−0.0072pay 0.0009% / 1h46m 42s$172K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$22.24
Price spread: +0.091% → 0.000%
$9.1
Slippage, 4 orders
−$11.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$2.84
Costs to cover
0.285%
Break-even
6.1 days
Slippage from ApeX Omni: live order book, 2 min ago; 01 Exchange: 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, 2 min ago0.09 bp5.1 bp −$55.1 bp −$5122.8 bp −$2,27744.1 bp −$22.0K
Sell 01 Exchange live order book, 2 min ago0.18 bp9.7 bp −$1012.4 bp −$124doesn'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−0.0447%43m2,771.7+0.088%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDTlong−0.0178%1h2,769.3long leg$10.5M$31.0M100x
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.051%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772+0.098%$5K$2K50xas long as short
01 Exchange ETHUSDshort−0.0072%1h2,771.8+0.091%$172K$1.2M50x
Phoenix ETH−0.0023%1h2,771.8+0.091%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9+0.093%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.117%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.109%$22.4M—200xas long as short
Phemex ETHUSDT+0.0018%8h2,771.7+0.086%$266.7M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,770.5+0.043%$1.70B$11.84B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.2+0.104%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,772.8+0.127%$29K$21K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.5+0.009%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,772.3+0.109%$1.60B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,772+0.100%$256.0M$995.4M200xas long as short
Binance ETHUSDT+0.0044%8h2,770.3+0.035%$6.44B$17.18B150xas long as short
Gate ETH_USDT+0.0058%8h2,772.2+0.105%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.5+0.081%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,771.3+0.073%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8+0.020%$141.1M$319.9M—as long as short
SoDEX ETH-USD+0.0091%1h2,771.6+0.084%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,770.9+0.057%$115.1M$508.8M50xas long as short
Lighter RH ETH+0.0096%1h2,772.3+0.108%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.105%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.6+0.082%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8+0.091%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.2+0.071%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.4+0.185%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772+0.098%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.7+0.050%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.9+0.058%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.8+0.162%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.056%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772+0.098%$425.2M$744.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,771.8+0.092%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.112%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4+0.003%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5+0.009%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.069%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.102%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.127%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.3+0.108%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.9+0.166%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.3+0.035%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6+0.047%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,771.8+0.092%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.3+0.145%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.5+0.116%$8.6M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,774.6+0.192%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,771.7+0.086%$287.0M$195.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,773.7+0.159%$259.0M$223.0M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7+0.051%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.134%$88.5M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9+0.058%$273K$1.5M20xas long as short