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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 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: ApeX Omni against Variational Omni+0.020%58s7-day average +0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.109%−$11 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.020%, 7d avg +0.001%
Together, before fees−0.118%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,740.40.0100pay 0.0100% / 8h5h 44m$132.4M$336.6M—
ShortApeX Omni ETHUSDT2,740.90.0100get 0.0013% / 1h44m 20s$8.7M$31.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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
$0
Price spread: +0.020% → +0.001%
$1.89
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$8.11
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago0.47 bpdoesn't fit0.5 bp −$51.7 bp −$168doesn't fit
Sell ApeX Omni live order book, 5 min ago0.93 bp5.9 bp −$65.9 bp −$5920.4 bp −$2,03772.1 bp −$36.0K

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%43m2,743.1+0.099%$305K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,742.7+0.084%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.7+0.157%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.2+0.031%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,742.9+0.092%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,741.4+0.037%$22.1M—200xas long as short
Phoenix ETH+0.0017%1h2,740.6+0.008%$845K$2.9M25xas long as short
01 Exchange ETHUSD+0.0040%1h2,742.8+0.088%$182K$917K50xas long as short
BingX ETH-USDC+0.0047%8h2,741.4+0.038%—$18.5M—as long as short
OKX ETH-USDT-SWAP+0.0061%8h2,741.7+0.047%$1.70B$10.57B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0063%8h2,741.4+0.035%$376.2M$598.0M100xas long as short
RISEx ETH/USDC+0.0077%1h2,742.4+0.072%$5.7M$11.2M25xas long as short
Aster ETHUSDT+0.0078%8h2,742.7+0.084%$252.3M$841.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,741.2+0.031%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0088%8h2,741.2+0.030%$1.56B$2.53B500xas long as short
Binance ETHUSDT+0.0088%8h2,741.2+0.028%$6.38B$15.71B150xas long as short
Bullet ETH-USD+0.0096%1h2,741.1+0.024%$182K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,743.3+0.108%$112.8M$431.9M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3+0.144%$24.7M$103.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.4+0.148%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.163%$59.0M$4.27B50xas long as short
HTX ETH-USDT+0.0097%8h2,743.4+0.110%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.5+0.224%$16.1M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.4+0.074%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.5+0.076%$13.9M$106.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.8+0.125%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,743.5+0.112%$31.6M$334.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,741.8+0.052%$2.45B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8+0.088%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.9+0.093%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.5+0.115%$165.1M$304.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.7+0.046%$3.39B$8.69B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.7+0.049%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2+0.103%$15.0M$40.9M50xas long as short
Variational Omni ETHlong+0.0100%8h2,740.4long leg$132.4M$336.6M—
edgeX ETHUSDC+0.0100%4h2,739.2−0.044%$181.4M$691.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.8−0.022%$159.3M$82.0M50xas long as short
ApeX Omni ETHUSDTshort+0.0100%1h2,740.9+0.020%$8.7M$31.1M100x
StandX ETH-USD+0.0100%1h2,740.9+0.019%$21.2M$69.4M40xas long as short
Vest ETH-PERP+0.0100%1h2,743.1+0.099%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.084%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744+0.130%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.7+0.194%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,740.6+0.006%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.128%$54.6M$187.5M40xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,745.1+0.171%$258.8M$195.7M50xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.111%$266.9M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,741.5+0.042%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,743.1+0.098%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0152%8h2,743.7+0.121%$7.7M$668.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,744+0.130%$32.3M$11.2M100xas long as short
BloFin ETH-USDT+0.0208%8h2,742.9+0.092%$286.0M$177.5M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.6+0.152%$87.4M$310.1M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.3+0.034%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,744.9+0.166%$250K$1.4M20xas long as short