ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0831%/8h= +91.0% APRnext payment +$1.04 per $10,000 · paid last 24h +0.009%

Price spread now: ApeX Omni against Injective+0.080%108s7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.680% of the position

Long on Injective Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.080%, 7d avg −0.069%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and ApeX Omni is 0.149% dearer against Injective than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.290% in total (about -15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETH/USDC PERP	2,770.4	−0.0752	get 0.0094% / 1h	41m 24s	$119K	$22.5M	52x
Short	ApeX Omni ETHUSDT	2,772.6	0.0079	get 0.0010% / 1h	41m 24s	$8.7M	$32.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now +0.080%Rate

Funding earned: $174.46
Price spread: +0.080% → −0.069%: $14.93
Slippage, 4 orders: −$57.98
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $121.39
Costs to cover: 0.680%
Break-even: 2.1 days

Slippage from Injective: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Injective live order book, 3 min ago	10.98 bp	11.0 bp −$11	11.0 bp −$110	12.2 bp −$1,220	20657.7 bp −$10.33M
Sell ApeX Omni live order book, 3 min ago	0.32 bp	5.3 bp −$5	5.9 bp −$59	19.3 bp −$1,934	83.0 bp −$41.5K

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
Injective ETH/USDC PERPlong	−0.0752%	1h	2,770.4	long leg	$119K	$22.5M	52x
RISEx ETH/USDC	−0.0128%	1h	2,771.4	+0.036%	$5.7M	$11.4M	25x	as long as short
Perpl ETH	−0.0112%	43m	2,770.7	+0.009%	$301K	$6.5M	8.3x	as long as short
Phemex ETHUSDT	−0.0098%	8h	2,774.1	+0.133%	$270.1M	$67.6M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.6	+0.043%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0032%	1h	2,771.4	+0.036%	$168K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,774.6	+0.152%	$879K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.4	+0.036%	$12.2M	$46.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772	+0.058%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0022%	8h	2,772.1	+0.063%	$1.71B	$11.37B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet ETH-USD	+0.0022%	1h	2,771.3	+0.031%	$184K	$1.7M	20x	as long as short
Gate ETH_USDT	+0.0024%	8h	2,771.4	+0.035%	$3.35B	$8.96B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,771.8	+0.052%	$12.7M	—	200x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,771.7	+0.045%	$256.8M	$899.1M	200x	as long as short
SoDEX ETH-USD	+0.0044%	1h	2,774.3	+0.141%	$55.3M	$208.4M	40x	as long as short
Aftermath Perps ETHUSD	+0.0050%	1h	2,772.5	+0.076%	$31K	$23K	20x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,771.8	+0.050%	$5.0M	$165K	20x	as long as short
MEXC ETH_USDT	+0.0058%	8h	2,771.2	+0.030%	$1.63B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0058%	8h	2,771.3	+0.031%	$6.47B	$16.57B	150x	as long as short
Bitget ETHUSDT	+0.0069%	8h	2,771.6	+0.044%	$2.10B	$2.92B	150x	as long as short
HTX ETH-USDT	+0.0074%	8h	2,773.9	+0.125%	$1.08B	$1.27B	200x	as long as short
ApeX Omni ETHUSDTshort	+0.0079%	1h	2,772.6	+0.080%	$8.7M	$32.4M	100x
Coinbase International ETH-PERP-INTX	+0.0080%	1h	2,775.5	+0.185%	$60.4M	$4.50B	50x	as long as short
KuCoin ETHUSDTM	+0.0081%	8h	2,771.5	+0.039%	$420.5M	$642.5M	100x	as long as short
Vest ETH-PERP	+0.0086%	1h	2,772.1	+0.063%	—	$880K	50x	as long as short
Lighter ETH	+0.0096%	1h	2,771.4	+0.036%	$115.2M	$456.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,773.9	+0.127%	$25.3M	$110.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,770.4	−0.001%	$15.9M	$9.1M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.3	+0.032%	$487K	$2.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.5	+0.040%	$14.8M	$116.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.9	+0.126%	$3.17B	$2.31B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.1	+0.062%	$31.2M	$322.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,772.1	+0.061%	$2.51B	$4.44B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.6	+0.007%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.7	+0.048%	$2.7M	$17.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.9	−0.017%	$170.3M	$272.1M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,770.9	+0.017%	—	$17.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,774.1	+0.135%	$15.2M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.3	−0.004%	$151.3M	$342.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.2	+0.066%	$182.0M	$785.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,774.3	+0.141%	$161.3M	$85.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.2	+0.137%	$21.5M	$60.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.3	+0.032%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.6	+0.081%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,776.3	+0.213%	$42.7M	$29.0M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.8	+0.124%	$972K	$13.4M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.3	−0.005%	$32.5M	$73.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,771.9	+0.053%	—	$38.3M	500x	as long as short
Kalshi KXETHPERP	+0.0105%	8h	2,774.7	+0.155%	$8.1M	$686.6M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0128%	1h	2,775.7	+0.191%	$259.1M	$210.9M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,775.7	+0.193%	$93.4M	$323.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0148%	8h	2,774.8	+0.158%	$32.7M	$11.6M	100x	as long as short
Hibachi ETH/USDT-P	+0.0152%	1h	2,775.5	+0.183%	$253K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0179%	8h	2,774.3	+0.141%	$287.9M	$188.1M	150x	as long as short
Reya ETHRUSDPERP	+0.0209%	1h	2,771.3	+0.033%	$7.3M	$1.2M	25x	as long as short