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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−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Variational Omni+0.344%7-day average −0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.050%−$5 on $10k
Price spread, last 7 days−0.348%−$35 · spread now +0.344%, 7d avg −0.046%
Together, before fees−0.398%+ Points / potential airdropVariational Omni: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.390% dearer against Variational Omni than usual: you sell high and buy low (spread +0.344% now, against its 7-day average of −0.046%): +$39 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 31 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,726.60.0100pay 0.0100% / 8h4h 32m$133.1M$325.4M—
ShortBingX ETH-USDC2,735.90.0058get 0.0058% / 8h4h 32m—$18.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$8.82
Price spread: +0.344% → −0.046%
$39.01
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$20.19
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BingX: live order book, 6 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, 2 min ago0.50 bpdoesn't fit0.5 bp −$52.1 bp −$207doesn't fit
Sell BingX live order book, 6 min ago0.22 bp5.2 bp −$55.2 bp −$526.2 bp −$6219.5 bp −$4,734

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%43m2,735.2+0.317%$298K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,730.9+0.159%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,735.9+0.343%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.4+0.362%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,736+0.346%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,736.3+0.357%$188K$821K50xas long as short
Phoenix ETH0.0000%1h2,732+0.200%$829K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.5+0.365%$27.9M—200xas long as short
Bullet ETH-USD+0.0007%1h2,735.8+0.340%$179K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0044%1h2,731.3+0.175%$8.9M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDCshort+0.0058%8h2,735.9+0.344%—$18.4M—
HTX ETH-USDT+0.0063%8h2,735+0.310%$1.06B$1.19B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,736.2+0.354%$380.2M$575.5M100xas long as short
OKX ETH-USDT-SWAP+0.0070%8h2,736.5+0.364%$1.67B$10.73B100xas long as short
Phemex ETHUSDT+0.0071%8h2,736.2+0.352%$265.9M$65.4M150xas long as short
SoDEX ETH-USD+0.0072%1h2,736.1+0.350%$54.5M$187.7M40xas long as short
Bybit ETHUSDT+0.0073%8h2,736.2+0.354%$2.39B$4.35B150xas long as short
Aster ETHUSDT+0.0082%8h2,736.2+0.354%$251.1M$844.3M200xas long as short
MEXC ETH_USDT+0.0087%8h2,736.7+0.370%$1.53B$2.56B500xas long as short
Aevo ETH-PERP+0.0088%1h2,733.3+0.247%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0088%8h2,736.6+0.370%$6.35B$15.87B150xas long as short
Lighter ETH+0.0096%1h2,736.4+0.362%$113.2M$438.4M50xas long as short
Lighter RH ETH+0.0096%1h2,737.6+0.405%$23.3M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,736.2+0.355%—$30.8M500xas long as short
Paradex ETH-USD-PERP+0.0098%8h2,739.3+0.467%$15.5M$8.1M50xas long as short
RISEx ETH/USDC+0.0099%1h2,736.4+0.361%$5.6M$11.5M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.4+0.324%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,735.4+0.326%$13.8M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,738.9+0.453%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,736.3+0.357%$32.0M$334.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,732.3+0.211%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,736.2+0.354%$1.6M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.7+0.077%$166.6M$310.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,736.5+0.364%$3.35B$8.87B200xas long as short
Bitget ETHUSDT+0.0100%8h2,736.5+0.366%$2.07B$2.75B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,736.4+0.359%$15.0M$39.7M50xas long as short
Variational Omni ETHlong+0.0100%8h2,726.6long leg$133.1M$325.4M—
edgeX ETHUSDC+0.0100%4h2,729.6+0.113%$183.6M$671.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.3+0.137%$158.8M$86.8M50xas long as short
StandX ETH-USD+0.0100%1h2,730.8+0.156%$21.1M$68.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.2+0.355%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.6+0.405%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,736.1+0.349%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.6+0.406%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,735.1+0.314%$958K$11.4M100xas long as short
Deribit ETH-PERPETUAL+0.0101%1h2,737.5+0.402%$260.2M$196.6M50xas long as short
Extended ETH-USD+0.0104%1h2,735.2+0.318%$30.3M$72.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,737.7+0.410%$51.3M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0120%1h2,732.4+0.216%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0145%8h2,736+0.346%$6.6M$678.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,738.6+0.441%$32.2M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0221%1h2,735.2+0.318%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,737+0.382%$83.5M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,734.9+0.307%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,734+0.273%$283.4M$175.7M150xas long as short