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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 08:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%
Price spread now: 01 Exchange against RISEx−0.003%7-day average −0.012% · 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−$200.204% of the position
Long on RISExShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.074%−$7 on $10k
Price spread, last 7 days−0.017%−$2 · spread now −0.003%, 7d avg −0.012%
Together, before fees−0.090%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,731.10.0114pay 0.0014% / 1h41m 32s$5.6M$11.7M25x
Short01 Exchange ETHUSD2,7310.0032get 0.0004% / 1h41m 32s$191K$889K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$17.13
Price spread: −0.003% → −0.012%
$0.88
Slippage, 4 orders
−$7.35
Fee RISEx: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$36.6
Costs to cover
0.204%
Break-even
never at this rate
Slippage from RISEx: live order book, 2 min ago; 01 Exchange: live order book, 63 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, 2 min ago0.02 bp3.9 bp −$45.0 bp −$50270.1 bp −$27.0Kdoesn't fit
Sell 01 Exchange live order book, 63 min ago0.18 bp8.1 bp −$812.9 bp −$129doesn't fitdoesn't fit

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
BloFin ETH-USDT−0.0189%8h2,730−0.039%$281.1M$177.9M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731−0.003%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,733.5+0.089%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.3+0.044%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.007%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.001%$6.4M$681.4M4.9xas long as short
Perpl ETH0.0000%43m2,731.4+0.013%$286K$5.7M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,732.7+0.060%$262.4M$212.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.5+0.051%$33.0M—200xas long as short
BingX ETH-USDT+0.0019%8h2,730.2−0.034%—$1.10B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0023%8h2,730−0.039%$2.33B$4.36B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.4+0.012%$1.05B$1.22B200xas long as short
01 Exchange ETHUSDshort+0.0032%1h2,731−0.003%$191K$889K50x
Injective ETH/USDC PERP+0.0050%1h2,732.3+0.045%$117K$20.2M52xas long as short
ApeX Omni ETHUSDT+0.0057%1h2,731.2+0.005%$8.6M$31.6M100xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.6+0.054%$82.2M$309.4M100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,730.7−0.015%$383.9M$576.8M100xas long as short
Hibachi ETH/USDT-P+0.0072%1h2,731.7+0.023%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0074%8h2,730−0.040%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.5−0.023%$252.9M$849.3M200xas long as short
MEXC ETH_USDT+0.0093%8h2,730.4−0.026%$1.56B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,730.5−0.022%$6.32B$16.14B150xas long as short
Lighter ETH+0.0096%1h2,731.2+0.003%$112.6M$429.7M50xas long as short
Lighter RH ETH+0.0096%1h2,732.3+0.045%$23.5M$102.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.1−0.072%$4.9M$183K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730−0.040%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.4+0.123%$15.4M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.5−0.023%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.7+0.096%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.5+0.017%$32.1M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.9−0.007%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.1+0.001%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.057%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.5−0.021%$3.31B$8.86B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.3−0.027%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732+0.033%$15.0M$41.2M50xas long as short
Variational Omni ETH+0.0100%8h2,731.6+0.020%$134.1M$318.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,730.4−0.024%$185.7M$681.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732+0.034%$158.8M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5+0.015%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.078%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.3+0.081%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,731.9+0.029%$184K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.5+0.052%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.5+0.087%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,730.2−0.033%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,731.8+0.026%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,731.9+0.030%$263.3M$64.5M150xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,732+0.035%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,729.4−0.060%$30.4M$72.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.5+0.016%—$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.3+0.079%$46.6M$4.30B50xas long as short
RISEx ETH/USDClong+0.0114%1h2,731.1long leg$5.6M$11.7M25x
Reya ETHRUSDPERP+0.0183%1h2,731−0.002%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,734.1+0.111%$32.2M$11.3M100xas long as short