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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−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against Variational Omni+0.019%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Binance
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.020%−$2 on $10k
Price spread, last 7 days−0.006%−$1 · spread now +0.019%, 7d avg −0.004%
Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Binance is 0.023% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,735.40.0100pay 0.0100% / 8h3h 34m$133.6M$322.1M—
ShortBinance ETHUSDT2,735.90.0093get 0.0093% / 8h3h 34m$6.36B$15.89B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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
−$1.42
Price spread: +0.019% → −0.004%
$2.32
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$9.1
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Binance: live order book, 10 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 ago0.51 bpdoesn't fit0.5 bp −$51.7 bp −$172doesn't fit
Sell Binance live order book, 10 min ago0.02 bp5.0 bp −$55.0 bp −$505.3 bp −$5257.7 bp −$3,867

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−0.0447%43m2,736.7+0.048%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.7+0.085%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.7+0.047%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,738.9+0.129%$823K$2.9M25xas long as short
HTX ETH-USDT+0.0002%8h2,735.2−0.008%$1.06B$1.20B200xas long as short
dYdX ETH-USD+0.0005%1h2,737.1+0.063%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.7+0.048%$28.1M—200xas long as short
Bullet ETH-USD+0.0027%1h2,736.2+0.030%$180K$1.7M20xas long as short
BingX ETH-USDC+0.0032%8h2,735.7+0.012%—$18.5M—as long as short
Deribit ETH-PERPETUAL+0.0039%1h2,737.1+0.063%$259.5M$200.1M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0042%8h2,735.8+0.014%$2.37B$4.37B150xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.074%$8.7M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,737.1+0.063%$187K$817K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736+0.024%$381.6M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,735.9+0.020%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0079%8h2,735.9+0.021%$265.3M$65.1M150xas long as short
Aster ETHUSDT+0.0084%8h2,736.4+0.036%$251.3M$842.3M200xas long as short
SunX ETH-USDT+0.0086%8h2,736.1+0.026%$960K$11.2M100xas long as short
MEXC ETH_USDT+0.0093%8h2,735.9+0.020%$1.56B$2.56B500xas long as short
Binance ETHUSDTshort+0.0093%8h2,735.9+0.019%$6.36B$15.89B150x
Lighter ETH+0.0096%1h2,736.3+0.035%$112.9M$432.1M50xas long as short
Lighter RH ETH+0.0096%1h2,737.5+0.078%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.2+0.068%—$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,736.7+0.048%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.089%$117K$22.5M52xas long as short
SoDEX ETH-USD+0.0099%1h2,735.8+0.015%$54.5M$187.7M40xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,740.4+0.183%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,736.3+0.034%$505K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.1+0.063%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.4+0.111%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.8+0.089%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.2+0.030%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,737.3+0.071%$1.5M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,736+0.024%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736+0.021%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735.5+0.006%$15.2M$40.6M50xas long as short
Variational Omni ETHlong+0.0100%8h2,735.4long leg$133.6M$322.1M—
edgeX ETHUSDC+0.0100%4h2,737.2+0.066%$184.1M$670.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.9+0.020%$159.2M$87.0M50xas long as short
StandX ETH-USD+0.0100%1h2,738+0.096%$21.1M$69.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.3+0.071%—$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.081%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.2+0.067%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,738+0.094%$41.3M$29.9M15xas long as short
Bulk ETH-USD+0.0100%1h2,739.4+0.146%$170.6M$337.3M25xas long as short
Extended ETH-USD+0.0104%1h2,735.3−0.004%$30.6M$73.0M50xas long as short
RISEx ETH/USDC+0.0107%1h2,737.3+0.069%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,737.6+0.080%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.6+0.045%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0142%8h2,737.4+0.074%$6.5M$682.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,736.3+0.035%$83.4M$315.2M100xas long as short
Orderly PERP_ETH_USDC+0.0199%8h2,738.5+0.115%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0212%1h2,735.1−0.010%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,737.3+0.069%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0375%8h2,736.7+0.047%$283.5M$175.3M150xas long as short