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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.017%
Price spread now: Reya against edgeX+0.125%7-day average +0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Reya
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.039%+$4 on $10k
Price spread, last 7 days−0.136%−$14 · spread now +0.125%, 7d avg +0.002%
Together, before fees−0.097%+ Points / potential airdropedgeX: Active · Reya: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.123% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,732.40.0100pay 0.0050% / 4h2m 56s$183.8M$671.1M100x
ShortReya ETHRUSDPERP2,735.80.0216get 0.0027% / 1h2m 56s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against edgeX. 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
$24.42
Price spread: +0.125% → +0.002%
$12.27
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$21.69
Costs to cover
0.150%
Break-even
0.8 days
Slippage unknown: edgeX: live order book, 1 min ago; Reya: no order-book sample. 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 edgeX live order book, 1 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$5056.5 bp −$3,225
Sell Reya no order-book sample—————
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,736+0.133%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2+0.066%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.1+0.099%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.7+0.157%$11.9M—200xas long as short
01 Exchange ETHUSD0.0000%1h2,736.9+0.164%$187K$822K50xas long as short
Phoenix ETH0.0000%1h2,733.9+0.055%$826K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,736.7+0.156%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.7+0.158%$28.1M—200xas long as short
Bullet ETH-USD+0.0014%1h2,736.2+0.139%$180K$1.7M20xas long as short
HTX ETH-USDT+0.0020%8h2,735.9+0.127%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0044%8h2,736.3+0.141%—$1.15B—as long as short
Bybit ETHUSDT+0.0054%8h2,735.6+0.118%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0063%1h2,733.1+0.026%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736.5+0.151%$380.4M$573.4M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,735.5+0.114%$1.67B$10.72B100xas long as short
Phemex ETHUSDT+0.0078%8h2,736.5+0.149%$265.9M$65.0M150xas long as short
Aster ETHUSDT+0.0086%8h2,736.1+0.135%$251.2M$841.9M200xas long as short
MEXC ETH_USDT+0.0094%8h2,736.4+0.147%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0096%8h2,736.4+0.144%$6.36B$15.88B150xas long as short
Lighter ETH+0.0096%1h2,736.8+0.161%$112.9M$442.1M50xas long as short
Lighter RH ETH+0.0096%1h2,738+0.204%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,734.8+0.088%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734+0.060%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.2+0.286%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,737.1+0.172%$5.6M$11.7M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.2+0.139%$501K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,736.1+0.135%$13.6M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.6+0.227%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737+0.167%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.9+0.055%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.1+0.173%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7+0.046%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.6+0.152%$3.34B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.7+0.121%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.6+0.118%$15.1M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732−0.015%$133.7M$324.6M—as long as short
edgeX ETHUSDClong+0.0100%4h2,732.4long leg$183.8M$671.1M100x
GRVT ETH_USDT_Perp+0.0100%8h2,733.6+0.043%$159.0M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,734+0.058%$21.1M$68.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.8+0.162%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,738+0.205%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,736.6+0.154%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738.1+0.209%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.2+0.101%$959K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,736.3+0.142%$54.5M$187.6M40xas long as short
Extended ETH-USD+0.0104%1h2,735.8+0.126%$30.4M$72.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.6+0.189%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0116%1h2,734.4+0.072%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0130%1h2,737.7+0.195%$259.6M$196.3M50xas long as short
Kalshi KXETHPERP+0.0130%8h2,736.6+0.153%$6.7M$678.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0198%8h2,739+0.240%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERPshort+0.0216%1h2,735.8+0.125%$7.3M$1.2M25x
Kraken Futures PF_ETHUSD+0.0222%1h2,737+0.169%$83.3M$314.9M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,734.2+0.065%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0382%8h2,736.6+0.153%$283.6M$175.9M150xas long as short