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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against edgeX+0.221%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 7 days−0.216%−$22 · spread now +0.221%, 7d avg +0.035%
Together, before fees−0.222%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$22 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: Variational Omni is 0.186% dearer against edgeX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,734.90.0100pay 0.0050% / 4h54m 54s$181.8M$664.6M100x
ShortVariational Omni ETH2,7410.0100get 0.0100% / 8h4h 54m$133.2M$324.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0
Price spread: +0.221% → +0.035%
$18.6
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$9.6
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: edgeX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 edgeX live order book, 4 min ago0.05 bp4.6 bp −$54.7 bp −$475.0 bp −$5057.1 bp −$3,551
Sell Variational Omni RFQ quote, 4 min ago0.57 bpdoesn't fit0.6 bp −$65.1 bp −$513doesn'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%43m2,739.8+0.177%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.1+0.189%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742+0.259%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,740.7+0.211%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,741+0.224%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,740.8+0.215%$182K$834K50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,740.8+0.214%$25.4M—200xas long as short
Phoenix ETH+0.0017%1h2,739+0.149%$832K$2.9M25xas long as short
BingX ETH-USDT+0.0055%8h2,740.6+0.208%—$1.14B—as long as short
Bullet ETH-USD+0.0067%1h2,740+0.187%$181K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,740.8+0.215%$1.69B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,741.4+0.238%$381.1M$573.8M100xas long as short
SoDEX ETH-USD+0.0074%1h2,740.2+0.193%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,740.8+0.215%$253.5M$840.5M200xas long as short
MEXC ETH_USDT+0.0088%8h2,740.9+0.219%$1.56B$2.52B500xas long as short
Aevo ETH-PERP+0.0088%1h2,737.9+0.107%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,740.7+0.211%$6.36B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,740.7+0.213%$112.5M$430.7M50xas long as short
Lighter RH ETH+0.0096%1h2,742.1+0.261%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741+0.223%—$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.3+0.234%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.355%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.3+0.197%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,740.3+0.195%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,743+0.296%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,740.9+0.219%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.7+0.210%$2.43B$4.18B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741+0.222%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.3+0.234%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7+0.176%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.1+0.226%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.3+0.234%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,740.8+0.215%$15.0M$39.6M50xas long as short
Variational Omni ETHshort+0.0100%8h2,741+0.221%$133.2M$324.9M—
edgeX ETHUSDClong+0.0100%4h2,734.9long leg$181.8M$664.6M100x
GRVT ETH_USDT_Perp+0.0100%8h2,737.4+0.089%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9+0.001%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,742+0.259%$21.2M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,740.5+0.204%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,741.3+0.233%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,742.2+0.265%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,740+0.184%$961K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,740.3+0.198%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,740.8+0.213%$266.3M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740.5+0.205%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,742.2+0.267%$52.7M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0133%1h2,740.4+0.200%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,741.3+0.233%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,742.9+0.293%$32.3M$11.5M100xas long as short
Deribit ETH-PERPETUAL+0.0195%1h2,741.9+0.256%$260.0M$194.8M50xas long as short
BloFin ETH-USDT+0.0211%8h2,740.1+0.189%$285.8M$175.4M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,741.3+0.232%$86.0M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,739.1+0.152%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,742.7+0.285%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.3103%1h2,740.9+0.218%$21K$20K25xas long as short