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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+0.0111%/8h= +12.1% APRpaid last 24h −0.016%
Price spread now: BingX against RISEx−0.027%7-day average — · 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−$19as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on RISExShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.027% cheaper against RISEx than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,768.4−0.0011get 0.0001% / 1h44m 31s$5.8M$12.0M25x
ShortBingX ETH-USDT2,767.70.0100get 0.0100% / 8h2h 44m—$1.19B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$23.21
Price spread: −0.027% → 0.000%
−$2.73
Slippage, 4 orders
−$0.71
Fee RISEx: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
$3.77
Costs to cover
0.167%
Break-even
5.9 days
Slippage from RISEx: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago0.02 bp3.4 bp −$34.0 bp −$40293.5 bp −$29.3Kdoesn't fit
Sell BingX live order book, 10 min ago0.05 bp5.1 bp −$55.1 bp −$515.2 bp −$5246.5 bp −$3,275

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%43m2,768−0.015%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.082%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0095%1h2,771.1+0.097%$10.5M$31.0M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.4−0.001%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.4−0.001%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.104%$795K$3.7M25xas long as short
RISEx ETH/USDClong−0.0011%1h2,768.4long leg$5.8M$12.0M25x
dYdX ETH-USD0.0000%1h2,769.1+0.025%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.5+0.002%$22.4M—200xas long as short
Phemex ETHUSDT+0.0021%8h2,768.1−0.014%$266.3M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,768−0.016%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,771.8+0.121%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,768.5+0.003%$13.1M—200xas long as short
Aster ETHUSDT+0.0042%8h2,767.9−0.018%$255.7M$995.5M200xas long as short
MEXC ETH_USDT+0.0044%8h2,768.3−0.004%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,767.8−0.022%$6.43B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.1−0.083%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0060%8h2,768.3−0.005%$3.29B$9.57B200xas long as short
Bitget ETHUSDT+0.0074%8h2,768.2−0.007%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0080%1h2,767.8−0.022%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.095%$141.1M$318.8M—as long as short
SoDEX ETH-USD+0.0094%1h2,768−0.015%$55.1M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,768.5+0.002%$115.1M$509.1M50xas long as short
Lighter RH ETH+0.0096%1h2,769.9+0.055%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,768.9+0.018%—$41.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.7−0.025%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.7+0.010%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768−0.015%$16.0M$114.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.9+0.089%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.6+0.006%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.3−0.041%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.8−0.023%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.3+0.069%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.087%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768.5+0.002%$424.8M$742.3M100xas long as short
BingX ETH-USDTshort+0.0100%8h2,767.7−0.027%—$1.19B—
Backpack ETH_USDC_PERP+0.0100%1h2,768.5+0.001%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,771.4+0.108%$178.2M$790.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.7+0.118%$161.2M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.071%$21.4M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.2+0.028%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.050%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.032%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.5+0.075%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.2−0.044%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,767.6−0.031%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.9−0.019%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,769.6+0.043%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,770.3+0.068%$8.6M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,771+0.094%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,770+0.058%$259.0M$223.3M50xas long as short
BloFin ETH-USDT+0.0165%8h2,767.9−0.019%$286.6M$195.3M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,767.5−0.034%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,769.3+0.032%$88.4M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,770.3+0.067%$273K$1.5M20xas long as short