ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h −0.004%

Price spread now: Coinbase International against RISEx+0.015%7-day average +0.013% · 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−$17as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.015%, 7d avg +0.013%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,775.6	−0.0206	get 0.0026% / 1h	3m 16s	$5.6M	$11.9M	25x
Short	Coinbase International ETH-PERP-INTX	2,776	0.0088	get 0.0011% / 1h	3m 16s	$60.7M	$4.60B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee RISExbpFee Coinbase InternationalbpOrdersPrice spread, now +0.015%Rate

Funding earned: $61.81
Price spread: +0.015% → +0.013%: $0.17
Slippage, 4 orders: −$1.33
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $44.65
Costs to cover: 0.173%
Break-even: 1.9 days

Slippage from RISEx: live order book, 1 min ago; Coinbase International: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 1 min ago	0.02 bp	4.2 bp −$4	5.1 bp −$51	318.9 bp −$31.9K	doesn't fit
Sell Coinbase International live order book, 6 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.9 bp −$694	20.7 bp −$10.3K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0223%	43m	2,775.8	+0.006%	$286K	$6.9M	8.3x	as long as short
RISEx ETH/USDClong	−0.0206%	1h	2,775.6	long leg	$5.6M	$11.9M	25x
Injective ETH/USDC PERP	−0.0088%	1h	2,762.1	−0.487%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,776	+0.014%	$5K	$2K	50x	as long as short
ApeX Omni ETHUSDT	−0.0026%	1h	2,769.6	−0.218%	$8.7M	$32.9M	100x	as long as short
01 Exchange ETHUSD	−0.0008%	1h	2,776.5	+0.032%	$168K	$1.2M	50x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.8	+0.007%	$12.7M	$45.9M	50x	as long as short
Phoenix ETH	+0.0003%	1h	2,774.3	−0.048%	$877K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,776.4	+0.028%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,775	−0.022%	$1.71B	$11.90B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0023%	8h	2,774.4	−0.043%	$270.3M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0026% / S +0.0009%	1h	2,776.1	+0.018%	$12.9M	—	200x	as long as short
SoDEX ETH-USD	+0.0030%	1h	2,774.5	−0.040%	$55.2M	$228.7M	40x	as long as short
Aster ETHUSDT	+0.0032%	8h	2,775.6	−0.001%	$256.2M	$1.00B	200x	as long as short
Aftermath Perps ETHUSD	+0.0032%	1h	2,772.8	−0.102%	$29K	$22K	20x	as long as short
Bullet ETH-USD	+0.0034%	1h	2,775.5	−0.004%	$182K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,775.7	+0.004%	$1.62B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,775.6	−0.003%	$6.47B	$17.29B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,772.3	−0.120%	$5.0M	$636K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0060%	1h	2,776.5	+0.030%	$259.1M	$222.1M	50x	as long as short
Bitget ETHUSDT	+0.0066%	8h	2,775	−0.022%	$2.11B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0067%	8h	2,775.8	+0.007%	$3.29B	$9.70B	200x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,776.1	+0.017%	$423.0M	$738.7M	100x	as long as short
Bybit ETHUSDT	+0.0087%	8h	2,775.8	+0.005%	$2.51B	$4.62B	150x	as long as short
BingX ETH-USDT	+0.0088%	8h	2,775.6	0.000%	—	$1.24B	—	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0088%	1h	2,776	+0.015%	$60.7M	$4.60B	50x
Nado ETH-PERP	+0.0091%	1h	2,776	+0.013%	$14.3M	$118.2M	50x	as long as short
HTX ETH-USDT	+0.0093%	8h	2,775.1	−0.019%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.9	+0.010%	$115.2M	$502.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.5	+0.066%	$25.3M	$122.1M	50x	as long as short
Vest ETH-PERP	+0.0097%	1h	2,776.2	+0.020%	—	$1.1M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775.6	+0.001%	$15.9M	$10.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,775.1	−0.019%	$483K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.3	+0.096%	$3.18B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776	+0.014%	$31.3M	$316.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,775.3	−0.012%	$2.8M	$17.3M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,776.4	+0.029%	$2.7M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.4	−0.224%	$169.4M	$262.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.9	+0.009%	$15.1M	$44.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,768.5	−0.255%	$148.3M	$337.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.8	−0.210%	$181.8M	$784.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.2	−0.194%	$161.1M	$89.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,774.3	−0.048%	$21.5M	$58.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,776.5	+0.032%	$10.6M	$8.0M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.2	+0.022%	$21K	$24K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	−0.024%	$974K	$13.9M	100x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.4	+0.065%	$42.8M	$29.4M	15x	as long as short
Kalshi KXETHPERP	+0.0101%	8h	2,772.3	−0.120%	$8.4M	$688.6M	4.9x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.3	−0.049%	$32.5M	$78.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,776.6	+0.037%	—	$43.8M	500x	as long as short
Kraken Futures PF_ETHUSD	+0.0123%	1h	2,775.7	+0.003%	$90.8M	$338.3M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0144%	8h	2,777.9	+0.081%	$32.6M	$12.1M	100x	as long as short
BloFin ETH-USDT	+0.0175%	8h	2,770	−0.201%	$286.6M	$193.5M	150x	as long as short
Hibachi ETH/USDT-P	+0.0200%	1h	2,776.1	+0.017%	$253K	$1.6M	20x	as long as short
Reya ETHRUSDPERP	+0.0206%	1h	2,775.6	−0.002%	$7.4M	$1.2M	25x	as long as short