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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 23:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.020%
Price spread now: RISEx against OKX+0.161%46s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.177% of the position
Long on OKXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 7 days−0.150%−$15 · spread now +0.161%, 7d avg +0.011%
Together, before fees−0.090%−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.149% dearer against OKX than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.011%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days. Mind the row above: over the last 3 days funding on this pair paid +0.060%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,772.90.0020pay 0.0020% / 8h1h 32m$1.71B$11.82B100x
ShortRISEx ETH/USDC2,777.4−0.0085pay 0.0011% / 1h32m 58s$5.8M$12.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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
−$22.07
Price spread: +0.161% → +0.011%
$14.95
Slippage, 4 orders
−$1.69
Fee OKX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$24.82
Costs to cover
0.177%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; RISEx: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$505.4 bp −$5427.7 bp −$3,827
Sell RISEx live order book, 1 min ago0.02 bp4.6 bp −$55.2 bp −$52doesn't fitdoesn'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%43m2,777.9+0.177%$289K$6.9M8.3xas long as short
RISEx ETH/USDCshort−0.0085%1h2,777.4+0.161%$5.8M$12.1M25x
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.190%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,775.4+0.089%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778+0.183%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0025%1h2,777.6+0.167%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,778.7+0.207%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.248%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.2+0.154%$22.4M—200xas long as short
BingX ETH-USDT+0.0015%8h2,772.9−0.001%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0016%8h2,775.5+0.092%$270.0M$68.6M150xas long as short
OKX ETH-USDT-SWAPlong+0.0020%8h2,772.9long leg$1.71B$11.82B100x
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2+0.153%$13.0M—200xas long as short
Aster ETHUSDT+0.0036%8h2,773.5+0.020%$256.1M$990.1M200xas long as short
Bullet ETH-USD+0.0040%1h2,776.5+0.129%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0059%1h2,778+0.183%$14.3M$117.9M50xas long as short
MEXC ETH_USDT+0.0060%8h2,772.7−0.009%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,773+0.004%$6.43B$17.12B150xas long as short
Aevo ETH-PERP+0.0064%1h2,775.7+0.100%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0072%8h2,772.8−0.006%$3.28B$9.59B200xas long as short
Bitget ETHUSDT+0.0072%8h2,773+0.004%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,777.8+0.177%$258.4M$222.0M50xas long as short
SoDEX ETH-USD+0.0089%1h2,776+0.111%$55.3M$228.8M40xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,775.4+0.090%$8.7M$32.5M100xas long as short
HTX ETH-USDT+0.0094%8h2,776.2+0.118%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0094%8h2,772.9−0.002%$2.52B$4.60B150xas long as short
Lighter ETH+0.0096%1h2,776.5+0.127%$115.1M$499.1M50xas long as short
Lighter RH ETH+0.0096%1h2,777.5+0.166%$25.4M$121.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,778.6+0.205%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,772.8−0.004%$425.2M$738.0M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,777.3+0.157%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.1+0.186%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.158%$3.19B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,778.1+0.186%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777+0.147%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.5+0.236%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.303%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.6+0.094%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6+0.060%$135.3M$322.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,774.9+0.070%$179.9M$780.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.147%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,777.8+0.176%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.197%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.6+0.167%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.6+0.204%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777+0.148%$974K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,777.6+0.168%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,772.4−0.019%$31.6M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.1+0.149%$60.2M$4.60B50xas long as short
Kalshi KXETHPERP+0.0119%8h2,778.1+0.186%$8.5M$674.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,778.8+0.212%$32.6M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,778.6+0.206%$279K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,776.8+0.139%$86.2M$330.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,775.4+0.091%$285.0M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,776.9+0.144%$7.4M$1.2M25xas long as short