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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−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h −0.032%
Price spread now: Variational Omni against BloFin−0.031%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BloFinShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.090%−$9 on $10k
Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.031%, 7d avg −0.002%
Together, before fees+0.029%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,776.80.0181pay 0.0181% / 8h59m 12s$285.0M$195.0M150x
ShortVariational Omni ETH2,775.90.0100get 0.0100% / 8h59m 12s$147.5M$336.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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
−$17.06
Price spread: −0.031% → −0.002%
−$2.9
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$31.95
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$606.8 bp −$6798.1 bp −$4,041
Sell Variational Omni RFQ quote, 5 min ago0.61 bpdoesn't fit0.7 bp −$72.3 bp −$227doesn'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%43m2,777.1+0.011%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,776.3−0.017%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.3+0.019%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4+0.022%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,777.2+0.015%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0004%1h2,776.80.000%$29K$22K20xas long as short
Bullet ETH-USD−0.0001%1h2,776.8+0.001%$181K$1.7M20xas long as short
dYdX ETH-USD0.0000%1h2,777.9+0.040%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,777.6+0.030%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.7+0.034%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0014%8h2,776.7−0.005%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0018%8h2,776.9+0.005%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0022%8h2,777.1+0.012%$270.5M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.7+0.032%$12.9M—200xas long as short
Aster ETHUSDT+0.0034%8h2,777.1+0.010%$254.7M$995.7M200xas long as short
Deribit ETH-PERPETUAL+0.0034%1h2,778.5+0.063%$258.7M$222.8M50xas long as short
SoDEX ETH-USD+0.0042%1h2,776.9+0.004%$55.3M$229.0M40xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.028%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,776.9+0.004%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.80.000%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,774.5−0.083%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,776.80.000%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777+0.008%$3.30B$9.55B200xas long as short
HTX ETH-USDT+0.0087%8h2,776.6−0.006%$1.08B$1.32B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,778.1+0.048%$60.1M$4.61B50xas long as short
Bybit ETHUSDT+0.0091%8h2,777+0.009%$2.52B$4.63B150xas long as short
KuCoin ETHUSDTM+0.0092%8h2,776.8+0.001%$423.3M$739.5M100xas long as short
Vest ETH-PERP+0.0095%1h2,777.5+0.025%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,777.3+0.020%$115.3M$491.9M50xas long as short
Lighter RH ETH+0.0096%1h2,778.8+0.074%$25.4M$120.2M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.8−0.001%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,777.1+0.012%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.5−0.012%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.091%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,777.7+0.033%$31.2M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.7−0.003%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,778+0.044%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.042%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778+0.042%$15.1M$44.1M50xas long as short
Variational Omni ETHshort+0.0100%8h2,775.9−0.031%$147.5M$336.8M—
edgeX ETHUSDC+0.0100%4h2,777+0.009%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.004%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,778.5+0.062%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.8+0.037%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.1+0.048%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.2+0.088%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,776.9+0.003%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,776.3−0.016%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777.4+0.023%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,778.2+0.051%$86.5M$332.6M100xas long as short
Kalshi KXETHPERP+0.0125%8h2,777.8+0.037%$8.3M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.7+0.106%$32.6M$12.0M100xas long as short
BloFin ETH-USDTlong+0.0181%8h2,776.8long leg$285.0M$195.0M150x
Reya ETHRUSDPERP+0.0196%1h2,776.4−0.014%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5+0.026%$270K$1.5M20xas long as short