ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0795%/8h= −87.0% APRnext payment −$0.99 per $10,000 · paid last 24h −0.034%

Price spread now: ApeX Omni against Bluefin+0.151%49s7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. ApeX Omni is 0.151% dearer against Bluefin than usual: you sell high and buy low (spread +0.151% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 15 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin ETH-PERP	2,728	0.0895	pay 0.0112% / 1h	47m 39s	$21K	$20K	25x
Short	ApeX Omni ETHUSDT	2,732.1	0.0100	get 0.0013% / 1h	47m 39s	$8.7M	$30.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bluefin. 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

Position, each leg$Hold fordaysFee BluefinbpFee ApeX OmnibpOrdersPrice spread, now +0.151%Rate

Funding earned: −$166.9
Price spread: +0.151% → 0.000%: $15.1
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$168.79
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; ApeX Omni: live order book, 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 Bluefin no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 2 min ago	0.13 bp	5.1 bp −$5	5.1 bp −$51	14.7 bp −$1,471	74.1 bp −$37.1K

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl ETH	−0.0447%	43m	2,727.7	−0.009%	$301K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,735.5	+0.277%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,725.3	−0.097%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,727.8	−0.004%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,727.5	−0.018%	$10.7M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,728.1	+0.005%	$188K	$843K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,741.2	+0.486%	$834K	$2.9M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,727.9	−0.003%	$25.7M	—	200x	as long as short
Bullet ETH-USD	+0.0029%	1h	2,727.1	−0.032%	$180K	$1.7M	20x	as long as short
SoDEX ETH-USD	+0.0034%	1h	2,725.3	−0.097%	$54.3M	$187.6M	40x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	+0.0040%	1h	2,726.7	−0.046%	$260.1M	$196.7M	50x	as long as short
BingX ETH-USDT	+0.0056%	8h	2,729.1	+0.043%	—	$1.14B	—	as long as short
KuCoin ETHUSDTM	+0.0071%	8h	2,727.5	−0.018%	$379.5M	$575.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,728.3	+0.012%	$1.66B	$10.67B	100x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,726.6	−0.049%	$251.8M	$843.1M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,726.6	−0.051%	$4.9M	$154K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,727.4	−0.020%	$1.53B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0089%	8h	2,727.4	−0.019%	$6.33B	$15.82B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,725.5	−0.089%	$111.9M	$434.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727	−0.036%	$23.2M	$105.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,727.8	−0.006%	—	$30.4M	500x	as long as short
Bybit ETHUSDT	+0.0097%	8h	2,727.5	−0.018%	$2.38B	$4.32B	150x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,730.3	+0.085%	$5.6M	$11.5M	25x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,730.3	+0.087%	$15.7M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,729.1	+0.042%	$498K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.5	−0.018%	$13.7M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,727.2	−0.027%	$3.09B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,727.9	−0.002%	$31.6M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,727.4	−0.020%	$2.7M	$16.9M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,729.9	+0.072%	$2.8M	$16.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,740.8	+0.470%	$166.9M	$306.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.5	+0.057%	$3.35B	$8.76B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,728.7	+0.029%	$2.07B	$2.74B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.2	−0.102%	$14.9M	$39.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734.9	+0.255%	$133.1M	$324.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.7	+0.175%	$181.8M	$667.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,729	+0.040%	$158.7M	$84.8M	50x	as long as short
ApeX Omni ETHUSDTshort	+0.0100%	1h	2,732.1	+0.151%	$8.7M	$30.8M	100x
StandX ETH-USD	+0.0100%	1h	2,728	+0.002%	$21.1M	$69.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,728.9	+0.034%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,729	+0.038%	$10.9M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.4	−0.020%	$41.2M	$29.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,725.4	−0.095%	$955K	$11.4M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,724.7	−0.121%	$1.05B	$1.19B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,725.8	−0.078%	$265.0M	$65.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,727.7	−0.011%	$30.4M	$72.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,726.7	−0.048%	$52.0M	$4.25B	50x	as long as short
Aftermath Perps ETHUSD	+0.0120%	1h	2,736.2	+0.302%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0155%	8h	2,729	+0.038%	$6.5M	$676.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0194%	8h	2,729.7	+0.063%	$32.1M	$11.5M	100x	as long as short
BloFin ETH-USDT	+0.0211%	8h	2,728	+0.002%	$284.8M	$173.9M	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0223%	1h	2,726	−0.073%	$84.5M	$313.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0224%	1h	2,726.7	−0.045%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0248%	1h	2,732.1	+0.154%	$254K	$1.4M	20x	as long as short
Bluefin ETH-PERPlong	+0.0895%	1h	2,728	long leg	$21K	$20K	25x