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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−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.021%
Price spread now: RISEx against Reya+0.039%7-day average +0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.037%−$4 on $10k
Price spread, last 7 days−0.005%$0 · spread now +0.039%, 7d avg +0.034%
Together, before fees−0.042%+ Points / potential airdropReya: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, 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 ETHRUSDPERP2,745.10.0227pay 0.0028% / 1h32m 21s$7.3M$1.1M25x
ShortRISEx ETH/USDC2,746.20.0077get 0.0010% / 1h32m 21s$5.7M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$31.46
Price spread: +0.039% → +0.034%
$0.42
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$43.04
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; RISEx: live order book, 2 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 RISEx live order book, 2 min ago0.02 bp4.8 bp −$55.2 bp −$52doesn't fitdoesn'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
Hotstuff ETH-PERP−0.0080%1h2,745.3+0.006%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.074%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.3+0.005%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,745.1−0.001%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,745−0.006%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.3+0.007%$22.2M—200xas long as short
Phoenix ETH+0.0017%1h2,745.2+0.002%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,745.8+0.024%$183K$914K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,741.3−0.139%$8.9M$30.9M100xas long as short
BingX ETH-USDC+0.0050%8h2,744.7−0.016%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0064%8h2,743.9−0.044%$1.70B$10.57B100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,745.7+0.019%$383.5M$584.1M100xas long as short
RISEx ETH/USDCshort+0.0077%1h2,746.2+0.039%$5.7M$11.2M25x
Bullet ETH-USD+0.0081%1h2,744.9−0.007%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0082%8h2,745.2+0.001%$252.4M$841.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,742−0.114%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0089%8h2,745.6+0.015%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0091%8h2,745.2+0.002%$6.38B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,744.8−0.013%$112.8M$433.6M50xas long as short
Lighter RH ETH+0.0096%1h2,746.1+0.036%$24.6M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.3+0.006%—$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745.8+0.024%$58.7M$4.27B50xas long as short
HTX ETH-USDT+0.0099%8h2,744.2−0.034%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.2+0.184%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.5+0.013%$468K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.5+0.015%$13.9M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.9+0.101%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745.8+0.024%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.6−0.021%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.9−0.009%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.1+0.034%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.132%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.2+0.003%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,744.4−0.027%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.4−0.027%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.162%$132.6M$333.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,740.6−0.167%$182.1M$690.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,742.9−0.080%$159.5M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,744.8−0.012%$21.2M$68.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.2+0.041%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.6+0.053%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,745.2+0.003%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.1+0.033%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.9−0.010%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.3−0.030%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.2−0.033%$266.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,743.6−0.057%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,742.9−0.081%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0133%1h2,745.7+0.019%$258.8M$195.9M50xas long as short
Kalshi KXETHPERP+0.0159%8h2,745.6+0.017%$7.6M$669.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,746.7+0.055%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.4+0.010%$87.0M$310.1M100xas long as short
Reya ETHRUSDPERPlong+0.0227%1h2,745.1long leg$7.3M$1.1M25x
Hibachi ETH/USDT-P+0.0248%1h2,746.2+0.038%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0292%8h2,745.4+0.010%$285.2M$182.1M150xas long as short