ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Aster−0.274%7-day average −0.001% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.259%+$26 · spread now −0.274%, 7d avg −0.001%

Together, before fees+0.271%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.273% cheaper against Aster than usual: you would sell low and buy high (spread −0.274% now, against its 7-day average of −0.001%). If the spread goes back, that is −$27 on $10k: about 17 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.012% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ETHUSDT	2,749.1	0.0043	pay 0.0043% / 8h	6h 52m	$255.8M	$854.6M	200x
Short	Variational Omni ETH	2,741.6	0.0095	get 0.0095% / 8h	6h 52m	$132.7M	$345.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersPrice spread, now −0.274%Rate

Funding earned: $11.06
Price spread: −0.274% → −0.001%: −$27.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.23
Costs to cover: 0.080%
Break-even: 22.3 days

Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 2 min ago	0.02 bp	4.0 bp −$4	4.0 bp −$40	5.1 bp −$509	11.0 bp −$5,487
Sell Variational Omni RFQ quote, 2 min ago	0.51 bp	doesn't fit	1.1 bp −$11	5.6 bp −$562	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ETHUSDT	−0.0865%	1h	2,751.3	+0.081%	$8.8M	$31.4M	100x	as long as short
Perpl ETH	−0.0447%	43m	2,750	+0.032%	$323K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,750.6	+0.055%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,750.7	+0.059%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,749.1	−0.001%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,756.1	+0.255%	$865K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,750.6	+0.053%	$10.9M	$41.8M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,751	+0.069%	$181K	$1.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,748.6	−0.019%	$22.2M	—	200x	as long as short
BingX ETH-USDT	+0.0027%	8h	2,748.7	−0.016%	—	$1.20B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ETH-USDT	+0.0033%	8h	2,746.7	−0.089%	$1.07B	$1.23B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0035%	8h	2,748.7	−0.014%	$1.67B	$11.07B	100x	as long as short
Aster ETHUSDTlong	+0.0043%	8h	2,749.1	long leg	$255.8M	$854.6M	200x
MEXC ETH_USDT	+0.0055%	8h	2,749.5	+0.014%	$1.58B	$2.52B	500x	as long as short
Binance ETHUSDT	+0.0055%	8h	2,749.1	+0.001%	$6.37B	$16.32B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,747.3	−0.066%	$4.9M	$163K	20x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,749.4	+0.009%	$3.32B	$8.71B	200x	as long as short
KuCoin ETHUSDTM	+0.0082%	8h	2,749.1	0.000%	$384.4M	$607.0M	100x	as long as short
Bitget ETHUSDT	+0.0083%	8h	2,749.5	+0.016%	$2.07B	$2.86B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0088%	1h	2,751	+0.067%	$258.8M	$202.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,751.2	+0.078%	$59.6M	$4.39B	50x	as long as short
Aftermath Perps ETHUSD	+0.0089%	1h	2,750	+0.033%	$30K	$21K	20x	as long as short
Variational Omni ETHshort	+0.0095%	8h	2,741.6	−0.274%	$132.7M	$345.8M	—
Lighter ETH	+0.0096%	1h	2,749.7	+0.023%	$113.3M	$438.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,751.1	+0.073%	$25.1M	$105.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,750.1	+0.035%	—	$35.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,753.4	+0.155%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,749.6	+0.018%	$469K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,750.1	+0.035%	$14.0M	$113.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,751.8	+0.098%	$3.13B	$2.14B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,750.3	+0.044%	$31.2M	$332.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,748.8	−0.010%	$2.46B	$4.35B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,749.2	+0.004%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,751.2	+0.075%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,752.6	+0.129%	$169.2M	$297.0M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,748.3	−0.030%	$14.9M	$42.5M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,751.5	+0.087%	$183.7M	$729.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.9	−0.333%	$159.3M	$81.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,745.9	−0.116%	$21.2M	$65.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,749.8	+0.026%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,749.9	+0.029%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,748.7	−0.015%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,749.3	+0.008%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,751.2	+0.077%	$42.0M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,749.1	+0.001%	$963K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,749.6	+0.018%	$54.7M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747.8	−0.049%	$267.2M	$66.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,748.8	−0.012%	$30.5M	$74.3M	50x	as long as short
Kalshi KXETHPERP	+0.0130%	8h	2,745	−0.149%	$7.7M	$671.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0160%	8h	2,751.5	+0.088%	$32.4M	$11.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0168%	1h	2,748.1	−0.037%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,747.3	−0.064%	$286.1M	$178.5M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,744.5	−0.167%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0217%	1h	2,749.3	+0.006%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,751	+0.069%	$93.1M	$319.7M	100x	as long as short