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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: ApeX Omni against Pacifica−0.072%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on PacificaShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 7 days+0.068%+$7 · spread now −0.072%, 7d avg −0.002%
Together, before fees−0.049%+ Points / potential airdropPacifica: Active · farm board−$5 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: ApeX Omni is 0.070% cheaper against Pacifica than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,742.90.0100pay 0.0013% / 1h44m 43s$31.6M$334.0M50x
ShortApeX Omni ETHUSDT2,740.90.0100get 0.0013% / 1h44m 43s$8.7M$31.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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: −0.072% → −0.002%
−$6.99
Slippage, 4 orders
−$2.58
Fee Pacifica: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.57
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Pacifica live order book, 4 min ago0.18 bp4.2 bp −$45.3 bp −$53doesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago0.93 bp5.9 bp −$65.9 bp −$5920.4 bp −$2,03772.1 bp −$36.0K

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−0.0112%43m2,742.9+0.001%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,741.6−0.047%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.066%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.7+0.029%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.90.000%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.8+0.031%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.084%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.1+0.044%$182K$916K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.4+0.019%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.2+0.009%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0064%8h2,744.5+0.057%$376.7M$598.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.2+0.047%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,744.4+0.053%$252.4M$841.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,741.2−0.061%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0087%8h2,743.3+0.016%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0088%8h2,743.3+0.013%$6.38B$15.72B150xas long as short
Lighter ETH+0.0096%1h2,743.3+0.016%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3+0.052%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.3−0.058%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.071%$59.0M$4.27B50xas long as short
Bullet ETH-USD+0.0096%1h2,743.5+0.023%$182K$1.7M20xas long as short
HTX ETH-USDT+0.0097%8h2,743.4+0.018%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.7+0.138%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.015%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.6+0.027%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.8+0.069%$3.12B$2.06B25xas long as short
Pacifica ETHlong+0.0100%1h2,742.9long leg$31.6M$334.0M50x
Bybit ETHUSDT+0.0100%8h2,741.9−0.036%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,741.3−0.058%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.2+0.046%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.023%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.4+0.017%$3.40B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,742.9−0.002%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2+0.011%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.092%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.136%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.114%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDTshort+0.0100%1h2,740.9−0.072%$8.7M$31.1M100x
StandX ETH-USD+0.0100%1h2,740.9−0.073%$21.2M$69.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.6+0.062%$10.9M$8.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.038%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.102%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6−0.086%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.036%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.079%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.020%$266.9M$65.1M150xas long as short
Vest ETH-PERP+0.0100%1h2,743.7+0.029%—$819K50xas long as short
Extended ETH-USD+0.0104%1h2,744.3+0.050%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0131%1h2,743.4+0.018%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.7+0.029%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,746.4+0.128%$32.3M$11.1M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.001%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.060%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,743.5+0.020%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,740.9−0.075%$249K$1.4M20xas long as short