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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% APRpaid last 24h +0.008%
Price spread now: RISEx against Bitget+0.028%7-day average +0.008% · 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−$190.188% of the position
Long on BitgetShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.045%+$4 on $10k
Price spread, last 7 days−0.043%−$4 · spread now +0.028%, 7d avg +0.008%
Together, before fees+0.002%$0 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 0.021% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,721.90.0100pay 0.0100% / 8h2h 41m$2.07B$2.75B150x
ShortRISEx ETH/USDC2,722.70.0108get 0.0013% / 1h41m 33s$5.6M$11.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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
$1.63
Price spread: +0.028% → +0.008%
$2.05
Slippage, 4 orders
−$0.84
Fee Bitget: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$15.16
Costs to cover
0.188%
Break-even
72.3 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago0.02 bp6.0 bp −$66.0 bp −$607.1 bp −$7118.8 bp −$4,386
Sell RISEx live order book, 3 min ago0.02 bp3.0 bp −$34.4 bp −$44doesn'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%43m2,722.1+0.008%$286K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.5+0.058%$5K$1K50xas long as short
HTX ETH-USDT−0.0013%8h2,722.9+0.035%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,721.6−0.011%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,724.5+0.095%$815K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,721.5−0.015%$27.9M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,727.5+0.205%$117K$22.5M52xas long as short
dYdX ETH-USD+0.0016%1h2,723.5+0.059%$10.7M$42.2M50xas long as short
BingX ETH-USDT+0.0033%8h2,722.1+0.008%—$1.13B—as long as short
01 Exchange ETHUSD+0.0040%1h2,722.6+0.025%$184K$785K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0041%8h2,721.3−0.022%$2.35B$4.40B150xas long as short
SunX ETH-USDT+0.0063%8h2,722.5+0.019%$955K$11.2M100xas long as short
Aftermath Perps ETHUSD+0.0065%1h2,726.3+0.161%$30K$20K20xas long as short
Bullet ETH-USD+0.0068%1h2,721.3−0.021%$178K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0072%8h2,721.9−0.002%$376.7M$576.7M100xas long as short
Aevo ETH-PERP+0.0080%1h2,721.3−0.023%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,722.2+0.009%$252.0M$843.8M200xas long as short
MEXC ETH_USDT+0.0086%8h2,721.4−0.018%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0087%8h2,722+0.005%$6.31B$16.00B150xas long as short
Phemex ETHUSDT+0.0087%8h2,723.2+0.047%$263.4M$64.1M150xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,721.8−0.004%$1.66B$10.74B100xas long as short
Lighter ETH+0.0096%1h2,723.6+0.060%$111.5M$430.5M50xas long as short
Lighter RH ETH+0.0096%1h2,724.7+0.104%$23.4M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,723.6+0.060%—$31.1M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,722+0.003%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,724.5+0.094%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.2+0.046%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.073%$3.08B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,723.6+0.062%$31.7M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,722.4+0.018%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,722.8+0.032%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,723.8+0.070%$163.8M$329.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,722.4+0.017%$3.32B$8.87B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,721.9long leg$2.07B$2.75B150x
Backpack ETH_USDC_PERP+0.0100%1h2,722.7+0.029%$14.9M$43.1M50xas long as short
Variational Omni ETH+0.0100%8h2,725.3+0.125%$134.6M$325.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,724.8+0.107%$183.0M$671.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.184%$158.6M$87.3M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,724.6+0.098%$8.7M$31.2M100xas long as short
StandX ETH-USD+0.0100%1h2,723.9+0.073%$20.9M$73.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,723.4+0.056%—$876K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,723.2+0.047%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,723.7+0.066%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,724.7+0.104%$40.8M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,723.5+0.058%$54.2M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,721−0.032%$30.5M$74.0M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,724.7+0.103%$50.0M$4.27B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,724.7+0.101%$258.4M$203.5M50xas long as short
RISEx ETH/USDCshort+0.0108%1h2,722.7+0.028%$5.6M$11.7M25x
Kalshi KXETHPERP+0.0157%8h2,724.2+0.084%$6.3M$689.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,724.2+0.084%$82.8M$316.0M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,726.2+0.155%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0203%1h2,721.1−0.029%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,724.5+0.094%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0349%8h2,723.2+0.047%$282.0M$174.1M150xas long as short