ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.033%

Price spread now: dYdX against RISEx+0.021%7-day average −0.010% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on RISEx Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.197%+$20 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.021%, 7d avg −0.010%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and dYdX is 0.031% dearer against RISEx than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,770.1	−0.0011	get 0.0001% / 1h	28m 21s	$5.8M	$11.8M	25x
Short	dYdX ETH-USD	2,770.7	0.0000	get 0.0000% / 1h	28m 21s	$12.7M	$45.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $2.23
Price spread: +0.021% → −0.010%: $3.05
Slippage, 4 orders: −$14.08
Fee RISEx: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.8
Costs to cover: 0.301%
Break-even: 85.0 days

Slippage from RISEx: live order book, 1 min ago; dYdX: live order book, 1 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	3.7 bp −$4	4.1 bp −$41	276.6 bp −$27.7K	doesn't fit
Sell dYdX live order book, 1 min ago	6.32 bp	11.3 bp −$11	26.3 bp −$263	47.4 bp −$4,736	89.6 bp −$44.8K

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	−0.0112%	43m	2,770	−0.005%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.146%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,769.9	−0.009%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,770.1	−0.002%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.048%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDClong	−0.0011%	1h	2,770.1	long leg	$5.8M	$11.8M	25x
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.057%	$8.8M	$32.5M	100x	as long as short
Aftermath Perps ETHUSD	−0.0001%	1h	2,768.5	−0.060%	$29K	$22K	20x	as long as short
dYdX ETH-USDshort	0.0000%	1h	2,770.7	+0.021%	$12.7M	$45.5M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769.8	−0.012%	$22.4M	—	200x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0017%	8h	2,769	−0.041%	$266.6M	$66.1M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.8	−0.050%	$1.71B	$11.86B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769.8	−0.014%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,769	−0.043%	$255.9M	$995.9M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,769	−0.040%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,769.1	−0.039%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,767.3	−0.104%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,769.2	−0.034%	$3.29B	$9.63B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,769	−0.040%	$2.09B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,769	−0.042%	$184K	$1.8M	20x	as long as short
Deribit ETH-PERPETUAL	+0.0082%	1h	2,770.7	+0.019%	$258.4M	$224.7M	50x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.069%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,769.6	−0.019%	$115.1M	$512.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,771	+0.031%	$25.4M	$122.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770.4	+0.008%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,769.6	−0.020%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770	−0.005%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.8	−0.013%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,771.1	+0.035%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.2	+0.002%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.8	−0.047%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.1	−0.038%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.9	+0.064%	$2.8M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.153%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,769.8	−0.013%	$423.7M	$740.7M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,768.9	−0.046%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,769.2	−0.033%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.126%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.055%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.1	−0.038%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.9	−0.007%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.1	+0.035%	$10.8M	$7.7M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.9	−0.008%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,771.5	+0.047%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.2	−0.035%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,768.9	−0.045%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,769.1	−0.039%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,768.6	−0.057%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,770.6	+0.017%	$60.2M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0116%	8h	2,770.6	+0.017%	$8.7M	$672.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0130%	8h	2,771.8	+0.061%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,768.6	−0.055%	$285.5M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,768.9	−0.045%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.2	+0.001%	$87.2M	$330.1M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,770.7	+0.020%	$287K	$1.5M	20x	as long as short