ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.031%

Price spread now: ApeX Omni against Hyperliquid−0.002%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.002%, 7d avg −0.035%

Together, before fees−0.193%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.033% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.035%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.7 days. At the pace of the last 7 days (−0.173% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ETH	2,728.1	0.0100	pay 0.0013% / 1h	8m 52s	$3.09B	$2.04B	25x
Short	ApeX Omni ETHUSDT	2,728	0.0087	get 0.0011% / 1h	8m 52s	$8.7M	$31.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: −$2.65
Price spread: −0.002% → −0.035%: $3.29
Slippage, 4 orders: −$0.57
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.94
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, just now.

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 Hyperliquid live order book, 5 min ago	0.18 bp	4.7 bp −$5	4.7 bp −$47	5.6 bp −$564	7.4 bp −$3,689
Sell ApeX Omni live order book, just now	0.07 bp	5.1 bp −$5	5.9 bp −$59	21.1 bp −$2,105	73.6 bp −$36.8K

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	−0.0335%	43m	2,726.9	−0.045%	$301K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728	−0.004%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0018%	8h	2,725	−0.113%	$1.05B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,725.6	−0.091%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,728.7	+0.022%	$816K	$2.9M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,727.4	−0.026%	$6.2M	$686.1M	4.9x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,726.8	−0.049%	$10.7M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.7	−0.088%	$28.0M	—	200x	as long as short
BingX ETH-USDC	+0.0028%	8h	2,724.9	−0.119%	—	$18.5M	—	as long as short
Bullet ETH-USD	+0.0036%	1h	2,725.1	−0.110%	$177K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0037%	8h	2,725.5	−0.096%	$2.36B	$4.38B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,727.7	−0.015%	$186K	$814K	50x	as long as short
SunX ETH-USDT	+0.0057%	8h	2,724.6	−0.130%	$954K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,725.7	−0.087%	$377.3M	$575.0M	100x	as long as short
Aster ETHUSDT	+0.0078%	8h	2,725.9	−0.080%	$252.1M	$842.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,725.8	−0.085%	$1.67B	$10.72B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,722.9	−0.189%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0084%	8h	2,725.6	−0.092%	$6.32B	$15.94B	150x	as long as short
MEXC ETH_USDT	+0.0085%	8h	2,725.5	−0.097%	$1.56B	$2.58B	500x	as long as short
ApeX Omni ETHUSDTshort	+0.0087%	1h	2,728	−0.002%	$8.7M	$31.2M	100x
Deribit ETH-PERPETUAL	+0.0088%	1h	2,726.4	−0.062%	$258.4M	$202.6M	50x	as long as short
Phemex ETHUSDT	+0.0088%	8h	2,725.5	−0.097%	$264.1M	$64.2M	150x	as long as short
SoDEX ETH-USD	+0.0090%	1h	2,725.2	−0.106%	$54.3M	$187.8M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,725.7	−0.090%	$112.3M	$435.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,726.9	−0.043%	$23.3M	$104.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,727.2	−0.034%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,730.8	+0.099%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726.1	−0.073%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,729.3	+0.045%	$15.4M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727	−0.040%	$13.9M	$104.7M	50x	as long as short
Hyperliquid ETHlong	+0.0100%	1h	2,728.1	long leg	$3.09B	$2.04B	25x
Pacifica ETH	+0.0100%	1h	2,728.2	+0.004%	$31.9M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.6	−0.055%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,727.3	−0.029%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.2	+0.004%	$167.8M	$301.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.8	−0.083%	$3.33B	$8.96B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,725.7	−0.088%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.2	−0.105%	$14.9M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,727	−0.040%	$134.7M	$322.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,728.1	0.000%	$183.5M	$671.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,728.8	+0.024%	$158.8M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.8	−0.011%	$21.0M	$72.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,727.4	−0.027%	—	$845K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.7	−0.015%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,726.2	−0.070%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.1	−0.038%	$40.9M	$29.9M	15x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,728.9	+0.030%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,725.1	−0.111%	$30.6M	$73.5M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,727.3	−0.030%	$5.6M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,726.3	−0.067%	$50.5M	$4.27B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,726	−0.077%	$83.4M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0191%	8h	2,728	−0.005%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0207%	1h	2,724.9	−0.116%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,727.7	−0.014%	$247K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0337%	8h	2,725.1	−0.110%	$281.4M	$174.3M	150x	as long as short