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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 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Paradex−0.024%7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%$0 on $10k
Price spread, last 7 days−0.024%−$2 · spread now −0.024%, 7d avg −0.045%
Together, before fees−0.029%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board−$3 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 0.021% dearer against Paradex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ETH-USD-PERP2,769.10.0099pay 0.0099% / 8h9m 20s$15.9M$10.1M50x
ShortVariational Omni ETH2,768.40.0100get 0.0100% / 8h9m 20s$147.1M$335.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.17
Price spread: −0.024% → −0.045%
$2.08
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$1.75
Costs to cover
0.040%
Break-even
79.8 days
Slippage unknown: Paradex: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Paradex live order book, 5 min ago81.88 bp83.9 bp −$8489.4 bp −$894doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago0.51 bpdoesn't fit3.5 bp −$356.4 bp −$643doesn'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−0.0223%43m2,770.2+0.039%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8+0.025%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.253%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.122%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.050%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1+0.036%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.079%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.086%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.083%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.8+0.060%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.078%$12.8M—200xas long as short
Phemex ETHUSDT+0.0027%8h2,770+0.033%$270.0M$68.9M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.090%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,771+0.067%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0032%1h2,770.3+0.043%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.055%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.6+0.053%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,770.7+0.056%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.091%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770.6+0.055%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.8+0.062%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.2+0.039%$421.1M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,772.1+0.107%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.9+0.063%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,770.4+0.048%—$17.5M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.4+0.082%$60.2M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.7+0.023%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4+0.010%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.2+0.040%$115.0M$500.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772+0.105%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5+0.049%—$1.1M50xas long as short
Paradex ETH-USD-PERPlong+0.0099%8h2,769.1long leg$15.9M$10.1M50x
Katana Perps ETH-USD+0.0100%8h2,769.7+0.021%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.5+0.122%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.1+0.037%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9+0.029%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.051%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4+0.010%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.6+0.053%$15.1M$44.2M50xas long as short
Variational Omni ETHshort+0.0100%8h2,768.4−0.024%$147.1M$335.8M—
edgeX ETHUSDC+0.0100%4h2,770+0.032%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.014%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.050%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.054%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.077%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,770+0.033%$973K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.148%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,768.9−0.007%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.071%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,771.3+0.079%$8.2M$687.7M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.5+0.087%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.154%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,768.4−0.025%$286.2M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1+0.037%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.098%$252K$1.6M20xas long as short