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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 23:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.008%
Price spread now: Vest against Reya+0.051%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.051%, 7d avg +0.039%
Together, before fees−0.094%+ Points / potential airdropReya: Active · Vest: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,773.60.0189pay 0.0024% / 1h36m 22s$7.3M$1.1M25x
ShortVest ETH-PERP2,775.10.0100get 0.0013% / 1h36m 22s—$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$18.77
Price spread: +0.051% → +0.039%
$1.25
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Vest: 1 bp × 2 orders
−$2
Net
−$25.52
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample—————
Reya and Vest: 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−0.0447%43m2,774+0.014%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,774.2+0.019%$5.8M$12.0M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.1+0.089%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,777.1+0.125%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,774.7+0.038%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0023%1h2,777.7+0.148%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,776.5+0.104%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.222%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.8+0.041%$22.4M—200xas long as short
BingX ETH-USDT+0.0015%8h2,774+0.013%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0016%8h2,775.6+0.072%$270.0M$68.5M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,773.5−0.006%$1.71B$11.82B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.5+0.032%$13.2M—200xas long as short
Aster ETHUSDT+0.0036%8h2,774.3+0.022%$256.4M$989.7M200xas long as short
Bullet ETH-USD+0.0040%1h2,773.6−0.001%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0057%1h2,774.8+0.042%$14.2M$117.8M50xas long as short
Binance ETHUSDT+0.0061%8h2,774+0.013%$6.44B$17.11B150xas long as short
MEXC ETH_USDT+0.0062%8h2,773.7+0.003%$1.62B$2.65B500xas long as short
Aevo ETH-PERP+0.0064%1h2,775.1+0.051%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0072%8h2,773.7+0.004%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,774+0.012%$3.29B$9.58B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,777.2+0.128%$258.3M$221.9M50xas long as short
Bybit ETHUSDT+0.0095%8h2,774+0.014%$2.52B$4.59B150xas long as short
HTX ETH-USDT+0.0095%8h2,775.4+0.064%$1.08B$1.32B200xas long as short
SoDEX ETH-USD+0.0096%1h2,775.4+0.063%$55.3M$228.8M40xas long as short
Lighter ETH+0.0096%1h2,775.8+0.077%$115.0M$498.3M50xas long as short
Lighter RH ETH+0.0096%1h2,777.2+0.130%$25.4M$121.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776+0.085%—$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,773.8+0.005%$426.1M$737.9M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.2+0.022%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.8+0.042%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.3+0.096%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.6+0.071%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.8+0.006%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.3+0.097%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.277%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.6+0.107%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.291%$135.5M$322.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,778.3+0.168%$180.1M$779.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777.7+0.147%$161.5M$90.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,777.9+0.152%$8.7M$32.5M100xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.117%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.2+0.056%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.3+0.097%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777.9+0.153%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6+0.069%$973K$14.0M100xas long as short
Vest ETH-PERPshort+0.0100%1h2,775.1+0.051%—$1.1M50x
Extended ETH-USD+0.0104%1h2,774.3+0.025%$31.6M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.8+0.113%$60.3M$4.59B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,777.6+0.143%$8.7M$673.6M4.9xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,777.9+0.153%$279K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,776.8+0.115%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,776.6+0.108%$86.2M$330.4M100xas long as short
BloFin ETH-USDT+0.0182%8h2,775.5+0.067%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERPlong+0.0189%1h2,773.6long leg$7.3M$1.1M25x