ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.033%

Price spread now: RISEx against dYdX−0.020%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on dYdX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.197%−$20 on $10k

Price spread, last 7 days−0.065%−$6 · spread now −0.020%, 7d avg +0.010%

Together, before fees−0.262%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and RISEx is 0.030% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,769.3	0.0000	pay 0.0000% / 1h	28m 49s	$12.7M	$45.5M	50x
Short	RISEx ETH/USDC	2,768.8	−0.0011	pay 0.0001% / 1h	28m 49s	$5.8M	$11.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against dYdX. 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 dYdXbpFee RISExbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$2.23
Price spread: −0.020% → +0.010%: −$3.01
Slippage, 4 orders: −$14.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$35.46
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from dYdX: live order book, just now; RISEx: live order book, 5 min ago.

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 dYdX live order book, just now	6.32 bp	12.0 bp −$12	27.4 bp −$274	54.7 bp −$5,470	94.3 bp −$47.1K
Sell RISEx live order book, 5 min ago	0.02 bp	3.8 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit

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	−0.0112%	43m	2,768.7	−0.022%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.117%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.4	+0.002%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,769	−0.012%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.019%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDCshort	−0.0011%	1h	2,768.8	−0.020%	$5.8M	$11.8M	25x
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.027%	$8.8M	$32.5M	100x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,769.3	long leg	$12.7M	$45.5M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769.2	−0.006%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0010%	1h	2,768.1	−0.045%	$29K	$21K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0020%	8h	2,768.6	−0.026%	$266.5M	$66.1M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,769.6	+0.008%	$1.71B	$11.87B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769	−0.013%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,769.7	+0.013%	$256.0M	$996.0M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,769.5	+0.006%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0046%	8h	2,769.7	+0.013%	$6.43B	$17.21B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,766.3	−0.110%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,769.8	+0.017%	$3.29B	$9.63B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,769.8	+0.017%	$2.09B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,768.2	−0.039%	$184K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.040%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,769.1	−0.007%	$115.4M	$512.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770.5	+0.044%	$25.4M	$122.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,769.4	+0.002%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,768.1	−0.045%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,768.8	−0.019%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,768.2	−0.040%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.1	+0.064%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.1	−0.008%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.7	+0.012%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,768	−0.048%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,770.6	+0.047%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.123%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.7	+0.011%	$425.0M	$740.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,769.7	+0.011%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.2	−0.004%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.096%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.026%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.1	−0.008%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.3	0.000%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.9	+0.021%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.4	+0.004%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771	+0.061%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768	−0.047%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,768.5	−0.030%	$55.1M	$228.6M	40x	as long as short
Deribit ETH-PERPETUAL	+0.0100%	1h	2,770.2	+0.031%	$258.4M	$224.6M	50x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.5	−0.031%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.1	−0.010%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770.5	+0.041%	$60.1M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,769.4	+0.002%	$8.6M	$672.6M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0130%	8h	2,771.3	+0.072%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,768.6	−0.026%	$285.5M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,767.3	−0.073%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,769.8	+0.018%	$87.1M	$330.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,770.9	+0.057%	$288K	$1.5M	20x	as long as short