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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 22:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h −0.005%
Price spread now: Binance against RISEx−0.002%7-day average −0.007% · 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−$16as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Long on RISExShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.039%−$4 on $10k
Price spread, last 7 days−0.019%−$2 · spread now −0.002%, 7d avg −0.007%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,768.4−0.0011get 0.0001% / 1h45m 36s$5.8M$11.9M25x
ShortBinance ETHUSDT2,768.30.0045get 0.0045% / 8h2h 45m$6.43B$17.18B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$11.56
Price spread: −0.002% → −0.007%
$0.53
Slippage, 4 orders
−$0.57
Fee RISEx: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$4.49
Costs to cover
0.166%
Break-even
9.7 days
Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 14 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 bp3.4 bp −$34.0 bp −$40293.5 bp −$29.3Kdoesn't fit
Sell Binance live order book, 14 min ago0.02 bp5.0 bp −$55.6 bp −$566.5 bp −$6488.7 bp −$4,368

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%43m2,770.6+0.082%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3+0.033%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.084%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.8+0.160%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.1+0.099%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.8+0.124%$796K$3.7M25xas long as short
RISEx ETH/USDClong−0.0011%1h2,768.4long leg$5.8M$11.9M25x
dYdX ETH-USD0.0000%1h2,770.7+0.085%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.1+0.098%$22.4M—200xas long as short
Phemex ETHUSDT+0.0019%8h2,769.8+0.052%$266.5M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,768.2−0.007%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0025%1h2,772.5+0.148%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,771+0.096%$13.1M—200xas long as short
Aevo ETH-PERP+0.0040%1h2,768−0.013%$5.0M$636K20xas long as short
Aster ETHUSDT+0.0043%8h2,770+0.058%$255.9M$995.5M200xas long as short
MEXC ETH_USDT+0.0044%8h2,768.3−0.002%$1.59B$2.63B500xas long as short
Binance ETHUSDTshort+0.0045%8h2,768.3−0.002%$6.43B$17.18B150x
Gate ETH_USDT+0.0058%8h2,770.4+0.074%$3.29B$9.56B200xas long as short
Bitget ETHUSDT+0.0074%8h2,768.2−0.007%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0077%1h2,770+0.059%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8+0.053%$141.1M$319.9M—as long as short
SoDEX ETH-USD+0.0092%1h2,769.7+0.048%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,769.6+0.043%$115.1M$509.1M50xas long as short
Lighter RH ETH+0.0096%1h2,771.4+0.111%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.4+0.111%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,768.1−0.010%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.9+0.019%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.7+0.083%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.1+0.135%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,769.3+0.034%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768−0.012%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.2−0.006%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4+0.073%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.089%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.7+0.047%$424.8M$742.5M100xas long as short
BingX ETH-USDC+0.0100%8h2,768.3−0.001%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.1+0.063%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4+0.036%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5+0.042%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2+0.102%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,771.5+0.112%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.6+0.117%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.4+0.110%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.3+0.141%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.4+0.039%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,769.5+0.040%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.8−0.022%$31.5M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.115%$60.0M$4.64B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,772+0.131%$8.6M$670.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,773.1+0.173%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0143%1h2,771.7+0.122%$259.0M$223.0M50xas long as short
BloFin ETH-USDT+0.0164%8h2,771.7+0.119%$287.0M$195.7M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,769.4+0.037%$7.5M$998K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,771.2+0.102%$88.4M$329.8M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,773.5+0.186%$273K$1.5M20xas long as short