ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0275%/8h= +30.1% APRnext payment +$0.34 per $10,000 · paid last 24h +0.006%

Price spread now: Reya against RISEx−0.064%7-day average −0.034% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.064%, 7d avg −0.034%

Together, before fees+0.052%+ Points / potential airdropReya: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.030% cheaper against RISEx than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.020% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.020% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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	2,773.2	−0.0085	get 0.0011% / 1h	31m 57s	$5.8M	$12.1M	25x
Short	Reya ETHRUSDPERP	2,771.4	0.0190	get 0.0024% / 1h	31m 57s	$7.4M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee RISExbpFee ReyabpOrdersPrice spread, now −0.064%Rate

Funding earned: $57.8
Price spread: −0.064% → −0.034%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.83
Costs to cover: 0.120%
Break-even: 1.8 days

Slippage unknown: RISEx: live order book, 2 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 2 min ago	0.02 bp	3.0 bp −$3	3.3 bp −$33	293.8 bp −$29.4K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,773.9	+0.027%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDClong	−0.0085%	1h	2,773.2	long leg	$5.8M	$12.1M	25x
Hotstuff ETH-PERP	−0.0080%	1h	2,773.8	+0.023%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,775.4	+0.081%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,773.4	+0.009%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0027%	1h	2,776.9	+0.136%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,773.8	+0.024%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.8	+0.240%	$885K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.6	−0.022%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,770	−0.114%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0020%	8h	2,770.4	−0.101%	$1.70B	$11.81B	100x	as long as short
Phemex ETHUSDT	+0.0023%	8h	2,772.5	−0.022%	$269.6M	$68.7M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,772.4	−0.027%	$13.0M	—	200x	as long as short
Aster ETHUSDT	+0.0036%	8h	2,772.1	−0.038%	$256.0M	$990.5M	200x	as long as short
Bullet ETH-USD	+0.0039%	1h	2,771.6	−0.058%	$180K	$1.7M	20x	as long as short
MEXC ETH_USDT	+0.0060%	8h	2,770.2	−0.106%	$1.62B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0061%	8h	2,769.7	−0.124%	$6.43B	$17.14B	150x	as long as short
Nado ETH-PERP	+0.0062%	1h	2,773.1	−0.001%	$14.3M	$118.0M	50x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,770.6	−0.093%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0072%	8h	2,769.7	−0.123%	$3.28B	$9.59B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,770.3	−0.104%	$2.10B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0075%	1h	2,773.4	+0.009%	$258.3M	$222.2M	50x	as long as short
SoDEX ETH-USD	+0.0083%	1h	2,771.8	−0.049%	$55.2M	$228.8M	40x	as long as short
HTX ETH-USDT	+0.0094%	8h	2,772.1	−0.036%	$1.08B	$1.32B	200x	as long as short
ApeX Omni ETHUSDT	+0.0094%	1h	2,775.4	+0.082%	$8.7M	$32.5M	100x	as long as short
Bybit ETHUSDT	+0.0094%	8h	2,770.4	−0.100%	$2.51B	$4.61B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,772.6	−0.021%	$114.9M	$499.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774.6	+0.052%	$25.4M	$121.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,773.6	+0.017%	—	$41.5M	500x	as long as short
KuCoin ETHUSDTM	+0.0099%	8h	2,772.3	−0.030%	$425.1M	$738.0M	100x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.3	+0.006%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774	+0.031%	$481K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.5	−0.024%	$3.18B	$2.37B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.2	+0.038%	$31.4M	$297.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,772.8	−0.013%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.1	+0.069%	$2.8M	$17.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,781.3	+0.295%	$166.9M	$248.1M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771	−0.077%	$15.2M	$44.5M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,774.6	+0.052%	$135.3M	$322.5M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,774.9	+0.062%	$179.9M	$780.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	+0.139%	$161.5M	$91.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,777.4	+0.153%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,773.4	+0.009%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.7	−0.016%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.4	−0.027%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.1	+0.035%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771	−0.076%	$972K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.6	−0.128%	$31.5M	$74.5M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.8	+0.024%	$60.1M	$4.59B	50x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,774.2	+0.038%	$8.6M	$675.0M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,774.3	+0.041%	$32.5M	$12.0M	100x	as long as short
Hibachi ETH/USDT-P	+0.0160%	1h	2,778.5	+0.195%	$279K	$1.5M	20x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,773.7	+0.020%	$86.3M	$331.1M	100x	as long as short
BloFin ETH-USDT	+0.0181%	8h	2,775.4	+0.082%	$285.0M	$194.4M	150x	as long as short
Reya ETHRUSDPERPshort	+0.0190%	1h	2,771.4	−0.064%	$7.4M	$1.2M	25x