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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 00:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h +0.006%
Price spread now: RISEx against Binance+0.006%7-day average +0.007% · 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−$17as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on BinanceShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.038%+$4 on $10k
Price spread, last 7 days+0.010%+$1 · spread now +0.006%, 7d avg +0.007%
Together, before fees+0.048%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.038% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,775.40.0054pay 0.0054% / 8h3m 44s$6.47B$17.29B150x
ShortRISEx ETH/USDC2,775.6−0.0206pay 0.0026% / 1h3m 44s$5.6M$11.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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
−$54.72
Price spread: +0.006% → +0.007%
−$0.05
Slippage, 4 orders
−$0.72
Fee Binance: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$71.49
Costs to cover
0.167%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; RISEx: live order book, 5 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 Binance live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$506.0 bp −$6017.8 bp −$3,910
Sell RISEx live order book, 5 min ago0.02 bp3.7 bp −$44.7 bp −$47doesn'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%43m2,773.7−0.064%$286K$6.9M8.3xas long as short
RISEx ETH/USDCshort−0.0206%1h2,775.6+0.006%$5.6M$11.9M25x
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.481%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.4−0.110%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0021%1h2,769.3−0.222%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.4−0.038%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.014%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5−0.142%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.9+0.016%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775.3−0.007%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0024%8h2,775.1−0.014%$270.5M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,775.7+0.008%$12.8M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.9−0.020%$55.3M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0030%1h2,772−0.125%$29K$22K20xas long as short
Aster ETHUSDT+0.0032%8h2,775.4−0.003%$256.2M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,774.9−0.018%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,775.4−0.001%$1.62B$2.67B500xas long as short
Binance ETHUSDTlong+0.0054%8h2,775.4long leg$6.47B$17.29B150x
Aevo ETH-PERP+0.0056%1h2,773.3−0.077%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0066%8h2,775.5+0.003%$2.11B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775.5+0.002%$3.29B$9.70B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,775.7+0.007%$422.9M$738.3M100xas long as short
Bybit ETHUSDT+0.0087%8h2,775.5+0.003%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,775.4−0.003%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.1+0.061%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0092%1h2,774.5−0.032%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,774.7−0.027%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.9+0.017%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,777.5+0.072%$25.3M$122.1M50xas long as short
Vest ETH-PERP+0.0097%1h2,774−0.054%—$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0099%1h2,776.4+0.035%$259.1M$222.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.6+0.007%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.1−0.012%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,778+0.092%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,776+0.020%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.3−0.005%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.4+0.036%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.218%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.9+0.015%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.249%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.204%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.163%$161.1M$89.5M50xas long as short
StandX ETH-USD+0.0100%1h2,770.8−0.167%$21.4M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.8−0.023%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776+0.019%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,774.2−0.044%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,777.5+0.075%$42.8M$29.4M15xas long as short
Kalshi KXETHPERP+0.0101%8h2,772.3−0.113%$8.4M$688.6M4.9xas long as short
Extended ETH-USD+0.0104%1h2,774.9−0.020%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,773.8−0.061%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,776.8+0.048%$90.8M$338.2M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,778.1+0.095%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0175%8h2,770−0.195%$286.6M$193.5M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,771.5−0.142%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,774.2−0.044%$7.4M$1.2M25xas long as short