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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 06:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: ApeX Omni against RISEx+0.070%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Long on RISExShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.127%−$13 on $10k
Price spread, last 7 days−0.071%−$7 · spread now +0.070%, 7d avg −0.002%
Together, before fees−0.198%−$20 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: ApeX Omni is 0.072% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,727.50.0108pay 0.0013% / 1h55m 14s$5.6M$11.7M25x
ShortApeX Omni ETHUSDT2,729.40.0100get 0.0013% / 1h55m 14s$8.7M$31.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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
−$1.63
Price spread: +0.070% → −0.002%
$7.24
Slippage, 4 orders
−$2.56
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$12.94
Costs to cover
0.186%
Break-even
never at this rate
Slippage from RISEx: live order book, 4 min ago; ApeX Omni: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.02 bp3.5 bp −$44.7 bp −$47300.2 bp −$30.0Kdoesn't fit
Sell ApeX Omni live order book, 4 min ago0.22 bp5.2 bp −$55.2 bp −$5224.6 bp −$2,45773.9 bp −$37.0K

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−0.0335%43m2,728.2+0.025%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.8+0.048%$5K$1K50xas long as short
HTX ETH-USDT−0.0020%8h2,726.4−0.038%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.9−0.021%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,727.6+0.004%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6+0.042%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,727.2−0.012%$28.0M—200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,729.1+0.059%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0030%8h2,726.3−0.045%—$18.5M—as long as short
Bybit ETHUSDT+0.0039%8h2,727.3−0.008%$2.36B$4.40B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,727.50.000%$186K$785K50xas long as short
SunX ETH-USDT+0.0058%8h2,726.6−0.033%$956K$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0062%1h2,728.8+0.047%$258.5M$203.1M50xas long as short
KuCoin ETHUSDTM+0.0065%8h2,726.6−0.032%$377.8M$576.6M100xas long as short
Bullet ETH-USD+0.0077%1h2,726.5−0.037%$176K$1.7M20xas long as short
Aster ETHUSDT+0.0078%8h2,728.1+0.024%$252.4M$843.0M200xas long as short
Aevo ETH-PERP+0.0080%1h2,725.3−0.079%$4.9M$155K20xas long as short
Aftermath Perps ETHUSD+0.0083%1h2,728.4+0.034%$30K$20K20xas long as short
MEXC ETH_USDT+0.0083%8h2,726.6−0.032%$1.56B$2.55B500xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,727.5−0.001%$1.67B$10.74B100xas long as short
Binance ETHUSDT+0.0085%8h2,728.2+0.025%$6.32B$15.97B150xas long as short
Phemex ETHUSDT+0.0090%8h2,727.9+0.013%$264.1M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,727.9+0.016%$111.9M$428.3M50xas long as short
Lighter RH ETH+0.0096%1h2,729.6+0.076%$23.4M$102.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,728.3+0.030%—$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.7−0.029%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.8+0.049%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.9+0.016%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.7+0.044%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728+0.020%$31.8M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.7+0.044%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,727.5+0.001%$1.5M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.3−0.006%$3.33B$8.83B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727.6+0.006%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.5+0.037%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,728.8+0.050%$134.6M$323.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.9+0.016%$183.5M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731+0.129%$158.9M$87.3M50xas long as short
ApeX Omni ETHUSDTshort+0.0100%1h2,729.4+0.070%$8.7M$31.2M100x
StandX ETH-USD+0.0100%1h2,729.3+0.066%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,728.1+0.022%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,728.2+0.026%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.9+0.016%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,729+0.054%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.7+0.008%$54.3M$187.8M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.9−0.020%$164.5M$309.8M25xas long as short
Extended ETH-USD+0.0104%1h2,726.7−0.028%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,729.1+0.060%$50.0M$4.28B50xas long as short
RISEx ETH/USDClong+0.0108%1h2,727.5long leg$5.6M$11.7M25x
Kalshi KXETHPERP+0.0130%8h2,728.4+0.033%$6.4M$688.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,728.5+0.036%$83.0M$316.8M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,729.8+0.084%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0205%1h2,725.6−0.069%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,729.6+0.079%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0338%8h2,727.6+0.002%$283.4M$174.5M150xas long as short