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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 03:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.015%
Price spread now: Arcus against Reya+0.059%7-day average +0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.038%−$4 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.059%, 7d avg +0.054%
Together, before fees−0.055%+ Points / potential airdropReya: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,741.30.0225pay 0.0028% / 1h43m 55s$7.3M$1.1M25x
ShortArcus ETH-USD2,742.90.0100get 0.0013% / 1h43m 55s$2.7M$16.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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
−$26.26
Price spread: +0.059% → +0.054%
$0.53
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$36.24
Costs to cover
0.105%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Arcus: live order book, 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 Reya no order-book sample—————
Sell Arcus live order book, 5 min ago0.62 bp3.2 bp −$33.4 bp −$344.4 bp −$436doesn't fit
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%43m2,743.1+0.065%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.050%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.123%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2−0.003%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.9+0.058%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.4+0.003%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6−0.026%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,742.8+0.054%$182K$917K50xas long as short
BingX ETH-USDT+0.0047%8h2,743.5+0.079%—$1.15B—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,743.8+0.090%$1.70B$10.58B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,742.1+0.028%$383.6M$599.4M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.4+0.038%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,743.3+0.072%$252.3M$841.3M200xas long as short
MEXC ETH_USDT+0.0088%8h2,743.5+0.079%$1.56B$2.53B500xas long as short
Aevo ETH-PERP+0.0088%1h2,738.9−0.088%$4.9M$159K20xas long as short
Binance ETHUSDT+0.0088%8h2,743.4+0.077%$6.38B$15.72B150xas long as short
Bullet ETH-USD+0.0096%1h2,741.1−0.010%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,742.3+0.035%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,743.7+0.086%$24.6M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.4+0.114%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,742.8+0.054%$58.9M$4.27B50xas long as short
HTX ETH-USDT+0.0097%8h2,740.8−0.018%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.190%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.4+0.040%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.5+0.042%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.4+0.113%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5+0.078%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.8+0.090%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8+0.054%$2.7M$16.8M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,742.9+0.059%$2.7M$16.0M25x
Bulk ETH-USD+0.0100%1h2,743.5+0.081%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,744+0.098%$3.40B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.6+0.083%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.6+0.010%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.4−0.034%$132.4M$336.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.2−0.078%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.056%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,740.9−0.014%$8.7M$31.1M100xas long as short
StandX ETH-USD+0.0100%1h2,740.9−0.015%$21.2M$69.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.1+0.065%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.050%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,742+0.024%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,743.5+0.080%$41.6M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,741.2−0.005%$961K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,741.5+0.007%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,741.6+0.009%$266.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,742.2+0.033%$30.6M$72.5M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,742.9+0.057%$258.8M$195.8M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,743.1+0.064%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.9+0.094%$7.8M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,744+0.096%$32.3M$11.2M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.059%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3+0.037%$87.3M$310.4M100xas long as short
Reya ETHRUSDPERPlong+0.0225%1h2,741.3long leg$7.3M$1.1M25x
Hibachi ETH/USDT-P+0.0240%1h2,744.9+0.132%$250K$1.4M20xas long as short