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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 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Arcus against RISEx−0.013%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on RISExShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.013%, 7d avg +0.019%
Together, before fees+0.013%+$1 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: Arcus is 0.032% cheaper against RISEx than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,735.90.0099pay 0.0012% / 1h52m 09s$5.6M$11.4M25x
ShortArcus ETH-USD2,735.50.0100get 0.0013% / 1h52m 09s$2.8M$16.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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
$0.21
Price spread: −0.013% → +0.019%
−$3.19
Slippage, 4 orders
−$3.23
Fee RISEx: 3 bp × 2 orders
−$6
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$16.71
Costs to cover
0.137%
Break-even
571.6 days
Slippage from RISEx: live order book, 2 min ago; Arcus: live order book, 2 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, 2 min ago0.02 bp3.7 bp −$44.3 bp −$43304.9 bp −$30.5Kdoesn't fit
Sell Arcus live order book, 2 min ago0.42 bp3.1 bp −$33.5 bp −$357.6 bp −$758doesn't fit

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%43m2,735.6−0.011%$300K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,740.3+0.162%$118K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.6−0.009%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736+0.006%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,737.7+0.068%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736+0.005%$181K$834K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.195%$832K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.2+0.011%$25.5M—200xas long as short
SoDEX ETH-USD+0.0045%1h2,735.2−0.024%$54.5M$187.6M40xas long as short
Bullet ETH-USD+0.0051%1h2,735.4−0.015%$180K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0055%8h2,735.7−0.005%—$1.14B—as long as short
OKX ETH-USDT-SWAP+0.0070%8h2,735.9+0.001%$1.68B$10.61B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,735.5−0.013%$380.1M$573.4M100xas long as short
Aster ETHUSDT+0.0084%8h2,736.5+0.023%$253.0M$840.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,733.2−0.097%$4.9M$154K20xas long as short
MEXC ETH_USDT+0.0091%8h2,735.5−0.012%$1.55B$2.52B500xas long as short
Binance ETHUSDT+0.0092%8h2,735.5−0.012%$6.35B$15.70B150xas long as short
Lighter ETH+0.0096%1h2,735.9+0.002%$112.6M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,736.7+0.032%$24.4M$103.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,737.5+0.062%—$30.5M500xas long as short
RISEx ETH/USDClong+0.0099%1h2,735.9long leg$5.6M$11.4M25x
Paradex ETH-USD-PERP+0.0100%8h2,739.8+0.142%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.8−0.039%$499K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.6−0.010%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,738+0.078%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,737+0.042%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,735.8−0.001%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.5−0.050%$2.7M$16.9M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,735.5−0.013%$2.8M$16.0M25x
Bulk ETH-USD+0.0100%1h2,740.8+0.179%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.4+0.020%$3.39B$8.68B200xas long as short
Bitget ETHUSDT+0.0100%8h2,735.90.000%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.3−0.020%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.186%$133.2M$324.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,739.9+0.146%$182.1M$665.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.4+0.055%$159.2M$83.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,734.9−0.034%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,739.3+0.126%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.6+0.064%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.3+0.053%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,737.5+0.059%$41.4M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,734.4−0.054%$959K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,735.7−0.008%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,735.1−0.028%$265.8M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,735.1−0.028%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.5+0.061%$51.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0125%1h2,739.7+0.140%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0157%8h2,737.3+0.053%$7.7M$672.9M4.9xas long as short
Deribit ETH-PERPETUAL+0.0174%1h2,736.7+0.032%$260.0M$194.7M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,738.1+0.080%$32.2M$11.4M100xas long as short
BloFin ETH-USDT+0.0211%8h2,738.4+0.093%$285.5M$172.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.9+0.003%$85.9M$309.6M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,735.8−0.004%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.6+0.136%$252K$1.4M20xas long as short
Bluefin ETH-PERP+0.1676%1h2,736.3+0.014%$21K$20K25xas long as short