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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.026%
Price spread now: ApeX Omni against Reya−0.046%7-day average +0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.145%−$14 on $10k
Price spread, last 7 days+0.048%+$5 · spread now −0.046%, 7d avg +0.031%
Together, before fees−0.097%+ Points / potential airdropReya: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.077% cheaper against Reya than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,767.60.0183pay 0.0023% / 1h31m 36s$7.5M$992K25x
ShortApeX Omni ETHUSDT2,766.3−0.0011pay 0.0001% / 1h31m 36s$8.8M$32.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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
−$40.74
Price spread: −0.046% → +0.031%
−$7.74
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$64.48
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 3 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 Reya no order-book sample—————
Sell ApeX Omni live order book, 3 min ago0.36 bp6.4 bp −$67.7 bp −$7728.3 bp −$2,82884.9 bp −$42.5K
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,766.9−0.025%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.053%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.7−0.031%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,769.1+0.056%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767−0.020%$794K$3.7M25xas long as short
ApeX Omni ETHUSDTshort−0.0011%1h2,766.3−0.046%$8.8M$32.5M100x
RISEx ETH/USDC−0.0011%1h2,767.6+0.001%$5.8M$11.8M25xas long as short
dYdX ETH-USD0.0000%1h2,767.4−0.006%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.2−0.012%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,768.4+0.031%$1.71B$11.86B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,766.1−0.055%$266.3M$66.0M150xas long as short
Aftermath Perps ETHUSD+0.0026%1h2,767.6+0.003%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,767−0.019%$13.1M—200xas long as short
BingX ETH-USDC+0.0033%8h2,766.7−0.031%—$17.3M—as long as short
Aster ETHUSDT+0.0036%8h2,767.6+0.001%$255.8M$995.9M200xas long as short
Binance ETHUSDT+0.0045%8h2,768.8+0.044%$6.42B$17.20B150xas long as short
MEXC ETH_USDT+0.0046%8h2,766.7−0.031%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0048%1h2,764−0.130%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0066%8h2,767.5−0.004%$3.28B$9.62B200xas long as short
Deribit ETH-PERPETUAL+0.0072%1h2,767.7+0.003%$258.4M$224.6M50xas long as short
Bitget ETHUSDT+0.0073%8h2,768.7+0.040%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,766.1−0.052%$184K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.128%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,766.7−0.031%$115.2M$511.7M50xas long as short
Lighter RH ETH+0.0096%1h2,768.2+0.021%$25.4M$122.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,767.3−0.009%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,765.7−0.067%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769+0.052%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.022%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.9+0.048%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,767.4−0.008%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.6+0.036%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.4−0.042%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.4+0.065%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.059%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,766.3−0.046%$424.3M$740.9M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.6−0.036%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.054%$177.8M$792.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.8−0.065%$160.8M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,766.3−0.046%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770+0.088%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.1−0.016%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,768.6+0.038%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,765.7−0.068%$970K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.7−0.067%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,766.2−0.048%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,768.7+0.039%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,766.7−0.033%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.7+0.006%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,767.3−0.009%$8.6M$672.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,768.9+0.048%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0166%8h2,765.5−0.076%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERPlong+0.0183%1h2,767.6long leg$7.5M$992K25x
Kraken Futures PF_ETHUSD+0.0241%1h2,767.1−0.018%$87.5M$330.0M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,768.8+0.045%$290K$1.5M20xas long as short