ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.019%

Price spread now: ApeX Omni against Arcus+0.094%53s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.173% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.094%, 7d avg −0.022%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.116% dearer against Arcus than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.022%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 3 days (−0.117% in total) that is about 3.3 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,777.6	0.0100	pay 0.0013% / 1h	16m 26s	$2.7M	$17.5M	25x
Short	ApeX Omni ETHUSDT	2,780.3	0.0073	get 0.0009% / 1h	16m 26s	$8.8M	$32.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: −$5.71
Price spread: +0.094% → −0.022%: $11.59
Slippage, 4 orders: −$2.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.43
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; ApeX Omni: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 3 min ago	0.05 bp	2.8 bp −$3	3.5 bp −$35	7.0 bp −$699	doesn't fit
Sell ApeX Omni live order book, 8 min ago	0.27 bp	6.5 bp −$6	8.3 bp −$83	29.5 bp −$2,949	86.5 bp −$43.3K

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,775	−0.095%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776	−0.058%	$5.7M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,775.2	−0.088%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.071%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,776.5	−0.041%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0011%	1h	2,777.4	−0.008%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.6	−0.072%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.6	+0.071%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.9	−0.061%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.2	−0.053%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0019%	8h	2,775.7	−0.071%	$1.70B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,775.6	−0.075%	$270.0M	$68.5M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,775.8	−0.067%	$12.9M	—	200x	as long as short
Deribit ETH-PERPETUAL	+0.0027%	1h	2,776.8	−0.031%	$258.4M	$222.4M	50x	as long as short
Bullet ETH-USD	+0.0036%	1h	2,776	−0.059%	$182K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,776.1	−0.056%	$256.6M	$991.8M	200x	as long as short
Nado ETH-PERP	+0.0059%	1h	2,775.9	−0.061%	$14.2M	$118.2M	50x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,774.3	−0.119%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,775.9	−0.062%	$6.44B	$17.21B	150x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,776.1	−0.057%	$1.62B	$2.67B	500x	as long as short
Bitget ETHUSDT	+0.0069%	8h	2,776	−0.061%	$2.10B	$3.10B	150x	as long as short
ApeX Omni ETHUSDTshort	+0.0073%	1h	2,780.3	+0.094%	$8.8M	$32.6M	100x
Gate ETH_USDT	+0.0074%	8h	2,776.2	−0.052%	$3.29B	$9.65B	200x	as long as short
SoDEX ETH-USD	+0.0076%	1h	2,775.4	−0.081%	$55.3M	$228.9M	40x	as long as short
Bybit ETHUSDT	+0.0093%	8h	2,775.9	−0.062%	$2.52B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,774.7	−0.105%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.5	−0.077%	$115.2M	$502.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.2	−0.015%	$25.4M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,776.6	−0.038%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0098%	8h	2,775.5	−0.078%	$422.5M	$739.3M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775	−0.096%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.3	−0.048%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.6	+0.035%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776	−0.061%	$31.3M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,774.7	−0.106%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,777.6	long leg	$2.7M	$17.5M	25x
Bulk ETH-USD	+0.0100%	1h	2,778.9	+0.046%	$165.9M	$253.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.6	−0.074%	$15.2M	$44.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,778.6	+0.035%	$136.7M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,779.6	+0.072%	$181.9M	$783.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777.6	−0.002%	$161.5M	$91.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,776.9	−0.027%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,777.2	−0.016%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.1	−0.056%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.6	0.000%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	−0.095%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.5	−0.042%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.7	−0.070%	$32.6M	$77.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.4	−0.043%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0126%	8h	2,776.7	−0.034%	$8.4M	$679.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,778	+0.013%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,776.2	−0.051%	$86.0M	$332.3M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,775.5	−0.077%	$284.2M	$194.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0193%	1h	2,775.8	−0.068%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,778.8	+0.042%	$270K	$1.5M	20x	as long as short