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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+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.036%
Price spread now: GMX against RISEx+0.057%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on RISExShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.038%−$4 on $10k
Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.057%, 7d avg +0.011%
Together, before fees−0.055%−$6 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: GMX is 0.045% dearer against RISEx than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,767.6−0.0011get 0.0001% / 1h31m 08s$5.8M$11.8M25x
ShortGMX ETH/USD [ETH-USDC]2,769.2L +0.0028% / S +0.0009%pay 0.0001% / 1h31m 08s$13.1M—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against RISEx. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.29
Price spread: +0.057% → +0.011%
$4.55
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
−$13.16
Costs to cover
0.180%
Break-even
320.6 days
Slippage unknown: RISEx: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago0.02 bp3.0 bp −$34.1 bp −$41309.1 bp −$30.9Kdoesn't fit
Sell GMX no order-book sample—————
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0112%43m2,768.1+0.019%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.054%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,766.7−0.033%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,769.1+0.054%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767−0.022%$794K$3.7M25xas long as short
ApeX Omni ETHUSDT−0.0011%1h2,766.3−0.047%$8.8M$32.5M100xas long as short
RISEx ETH/USDClong−0.0011%1h2,767.6long leg$5.8M$11.8M25x
dYdX ETH-USD0.0000%1h2,767.4−0.008%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.3+0.060%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,768.6+0.037%$1.71B$11.86B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,768.8+0.042%$266.6M$66.0M150xas long as short
Aftermath Perps ETHUSD+0.0027%1h2,767.4−0.006%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]shortL +0.0028% / S +0.0009%1h2,769.2+0.057%$13.1M—200x
Aster ETHUSDT+0.0036%8h2,768.5+0.032%$255.9M$995.9M200xas long as short
Binance ETHUSDT+0.0045%8h2,768.8+0.043%$6.42B$17.20B150xas long as short
MEXC ETH_USDT+0.0046%8h2,768.8+0.042%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0048%1h2,766.2−0.051%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0066%8h2,769.3+0.060%$3.29B$9.62B200xas long as short
Bitget ETHUSDT+0.0073%8h2,769+0.050%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0077%1h2,768.2+0.022%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,764−0.129%$140.6M$319.6M—as long as short
Lighter ETH+0.0096%1h2,769.3+0.060%$115.3M$511.8M50xas long as short
Lighter RH ETH+0.0096%1h2,770.4+0.101%$25.4M$122.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7+0.075%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,765.7−0.068%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769+0.051%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767−0.023%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.1+0.126%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,767.4−0.009%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,769+0.049%$2.50B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,766.4−0.043%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.4+0.064%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.061%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768.3+0.026%$424.6M$740.9M100xas long as short
BingX ETH-USDT+0.0100%8h2,769.1+0.052%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.6+0.073%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.055%$177.8M$792.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.8−0.066%$160.8M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,766.3−0.047%$21.4M$57.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770+0.087%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.1+0.055%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.9+0.120%$42.6M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.2+0.022%$971K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,768.8+0.043%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,768.1+0.017%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,768.7+0.038%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,768+0.014%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770.8+0.116%$60.1M$4.62B50xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,770.1+0.091%$258.4M$224.7M50xas long as short
Kalshi KXETHPERP+0.0118%8h2,768.2+0.022%$8.6M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,771.2+0.131%$32.5M$12.0M100xas long as short
BloFin ETH-USDT+0.0165%8h2,768.8+0.042%$285.6M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,767.6−0.001%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,770.2+0.093%$87.6M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,768.8+0.044%$290K$1.5M20xas long as short