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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 06:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: RISEx against 01 Exchange−0.012%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−$22as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on 01 ExchangeShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.072%+$7 on $10k
Price spread, last 7 days+0.029%+$3 · spread now −0.012%, 7d avg +0.012%
Together, before fees+0.100%+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.023% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,720.20.0040pay 0.0005% / 1h22m 56s$189K$824K50x
ShortRISEx ETH/USDC2,719.90.0108get 0.0013% / 1h22m 56s$5.5M$11.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against 01 Exchange. 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
$14.23
Price spread: −0.012% → +0.012%
−$2.35
Slippage, 4 orders
−$6.33
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$7.45
Costs to cover
0.193%
Break-even
10.7 days
Slippage from 01 Exchange: live order book, 26 min ago; RISEx: live order book, 1 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 01 Exchange live order book, 26 min ago0.18 bp6.6 bp −$710.4 bp −$104doesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago0.02 bp3.0 bp −$34.6 bp −$46doesn'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
Perpl ETH−0.0447%43m2,719.5−0.026%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6+0.051%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,720.6+0.013%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9−0.012%$11.9M—200xas long as short
Phoenix ETH−0.0009%1h2,720−0.007%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4+0.008%$32.0M—200xas long as short
dYdX ETH-USD+0.0008%1h2,721.2+0.037%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.114%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0033%8h2,722.6+0.087%—$18.5M—as long as short
01 Exchange ETHUSDlong+0.0040%1h2,720.2long leg$189K$824K50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,722.5+0.085%$2.34B$4.40B150xas long as short
SunX ETH-USDT+0.0068%8h2,718.9−0.049%$953K$11.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,719.5−0.025%$180K$1.7M20xas long as short
ApeX Omni ETHUSDT+0.0076%1h2,715.8−0.162%$8.6M$31.4M100xas long as short
KuCoin ETHUSDTM+0.0077%8h2,722.6+0.088%$373.5M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0081%1h2,719.9−0.013%$30K$20K20xas long as short
Aster ETHUSDT+0.0083%8h2,722.9+0.097%$251.8M$845.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,723.1+0.106%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.079%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,722.9+0.098%$6.31B$16.08B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,722.8+0.096%$1.66B$10.81B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2+0.037%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,721.6+0.051%$111.8M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,722.7+0.093%$23.5M$103.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.2−0.037%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.090%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.3−0.033%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.136%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,721+0.030%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.3−0.033%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1−0.004%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.046%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,721.7+0.057%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9+0.100%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.4+0.043%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.149%$132.3M$328.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.162%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721+0.031%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722+0.066%$20.9M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,721.5+0.048%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,721.1+0.033%$11.1M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.7+0.019%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722+0.067%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6+0.015%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,722.5+0.084%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720−0.006%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1+0.069%$49.5M$4.29B50xas long as short
RISEx ETH/USDCshort+0.0108%1h2,719.9−0.012%$5.5M$11.7M25x
Kalshi KXETHPERP+0.0151%8h2,721+0.029%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9+0.061%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5+0.046%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.099%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.9−0.049%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1+0.069%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,720.5+0.009%$281.1M$173.9M150xas long as short