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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 22:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h +0.016%
Price spread now: RISEx against BingX+0.044%7-day average +0.049% · 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−$18as in the Price arb table
costs, in and out, $10k−$180.178% of the position
Long on BingXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.075%+$8 on $10k
Price spread, last 7 days−0.014%−$1 · spread now +0.044%, 7d avg +0.049%
Together, before fees+0.061%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.075%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,763.30.0100pay 0.0100% / 8h2h 36m—$17.3M—
ShortRISEx ETH/USDC2,764.6−0.0011pay 0.0001% / 1h36m 11s$5.8M$11.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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
−$23.21
Price spread: +0.044% → +0.049%
−$0.48
Slippage, 4 orders
−$1.77
Fee BingX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$41.46
Costs to cover
0.178%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; RISEx: live order book, 3 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 BingX live order book, 7 min ago0.18 bp5.2 bp −$55.7 bp −$576.9 bp −$6909.5 bp −$4,749
Sell RISEx live order book, 3 min ago0.65 bp3.7 bp −$43.7 bp −$37doesn'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−0.0112%43m2,765.4+0.073%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.100%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,763.9+0.021%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2+0.069%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,764.5+0.042%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767.2+0.140%$795K$3.7M25xas long as short
RISEx ETH/USDCshort−0.0011%1h2,764.6+0.044%$5.8M$11.9M25x
Deribit ETH-PERPETUAL0.0000%1h2,764.5+0.041%$258.4M$224.5M50xas long as short
dYdX ETH-USD0.0000%1h2,765.6+0.080%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,764+0.024%$22.3M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,763.30.000%$1.70B$11.82B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,767.6+0.156%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,764.3+0.037%$13.1M—200xas long as short
Phemex ETHUSDT+0.0034%8h2,763.6+0.008%$265.9M$66.0M150xas long as short
Aster ETHUSDT+0.0039%8h2,764.2+0.030%$255.6M$995.3M200xas long as short
MEXC ETH_USDT+0.0045%8h2,763.5+0.008%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0046%8h2,763.8+0.017%$6.41B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,761.2−0.078%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0062%8h2,763.7+0.013%$3.28B$9.60B200xas long as short
Bitget ETHUSDT+0.0074%8h2,762.8−0.018%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,763.8+0.017%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4+0.074%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,763.9+0.020%$115.2M$511.4M50xas long as short
Lighter RH ETH+0.0096%1h2,764.8+0.053%$25.3M$122.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,765.2+0.068%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,764+0.026%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,764.6+0.046%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,764+0.024%$14.7M$116.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,766.8+0.126%$3.18B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,764.9+0.057%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.4+0.004%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.9+0.057%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,766.4+0.112%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.080%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,764.4+0.038%$424.0M$741.5M100xas long as short
BingX ETH-USDClong+0.0100%8h2,763.3long leg—$17.3M—
Backpack ETH_USDC_PERP+0.0100%1h2,767.2+0.140%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,763.9+0.021%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7+0.086%$160.8M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,767.4+0.147%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,765.7+0.085%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,765.7+0.086%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,764.4+0.040%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.6+0.083%$42.5M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,764+0.025%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,762.7−0.023%$55.0M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,762.8−0.020%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,762.4−0.033%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,764.7+0.048%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,765.4+0.075%$8.6M$672.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,765.8+0.088%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,766.7+0.122%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0185%1h2,763.1−0.008%$7.4M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,764.2+0.030%$87.8M$329.7M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,769.3+0.217%$272K$1.5M20xas long as short