ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.015%

Price spread now: ApeX Omni against Bulk+0.191%7-day average −0.003% · 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+$2as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Bulk Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.112%−$11 on $10k

Price spread, last 7 days−0.200%−$20 · spread now +0.191%, 7d avg −0.003%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.195% dearer against Bulk than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of −0.003%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ETH-USD	2,770.6	0.0100	pay 0.0013% / 1h	11m 11s	$164.9M	$252.7M	25x
Short	ApeX Omni ETHUSDT	2,775.9	0.0040	get 0.0005% / 1h	11m 11s	$8.8M	$32.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bulk. 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 BulkbpFee ApeX OmnibpOrdersPrice spread, now +0.191%Rate

Funding earned: −$12.63
Price spread: +0.191% → −0.003%: $19.46
Slippage, 4 orders: −$0.18
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.36
Costs to cover: 0.172%
Break-even: from the start

Slippage from Bulk: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Bulk live order book, 3 min ago	0.02 bp	3.5 bp −$4	3.5 bp −$35	4.7 bp −$470	5.5 bp −$2,767
Sell ApeX Omni live order book, 3 min ago	0.07 bp	5.1 bp −$5	5.6 bp −$56	16.4 bp −$1,639	73.1 bp −$36.6K

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	−0.0112%	43m	2,770.7	+0.005%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.204%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.1	+0.020%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,771.1	+0.020%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,775.9	+0.193%	$886K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,771	+0.017%	$5.8M	$11.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.7	+0.043%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0004%	1h	2,775.1	+0.163%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.3	+0.026%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0022%	8h	2,770.5	−0.001%	$1.71B	$11.89B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0026%	8h	2,770.8	+0.007%	$266.9M	$66.1M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.2	+0.024%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,770.4	−0.005%	$256.2M	$995.6M	200x	as long as short
ApeX Omni ETHUSDTshort	+0.0040%	1h	2,775.9	+0.191%	$8.8M	$32.7M	100x
Aevo ETH-PERP	+0.0048%	1h	2,768.5	−0.075%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,770.6	+0.002%	$6.44B	$17.23B	150x	as long as short
MEXC ETH_USDT	+0.0051%	8h	2,770.6	0.000%	$1.59B	$2.69B	500x	as long as short
Deribit ETH-PERPETUAL	+0.0057%	1h	2,772.1	+0.055%	$258.5M	$225.1M	50x	as long as short
Gate ETH_USDT	+0.0075%	8h	2,770.8	+0.007%	$3.28B	$9.69B	200x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,770.4	−0.007%	$2.10B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,770.5	−0.002%	$183K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,771.2	+0.024%	$114.7M	$515.2M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.5	+0.071%	$25.3M	$123.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,771.5	+0.034%	—	$41.7M	500x	as long as short
Variational Omni ETH	+0.0098%	8h	2,776.8	+0.227%	$141.1M	$320.7M	—	as long as short
HTX ETH-USDT	+0.0100%	8h	2,770.3	−0.008%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.2	−0.014%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771	+0.016%	$486K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.2	−0.014%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773	+0.088%	$3.19B	$2.40B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771	+0.016%	$31.3M	$289.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.4	−0.007%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.9	−0.024%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.6	+0.073%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USDlong	+0.0100%	1h	2,770.6	long leg	$164.9M	$252.7M	25x
KuCoin ETHUSDTM	+0.0100%	8h	2,770.7	+0.006%	$422.0M	$742.2M	100x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,770.5	−0.003%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.6	+0.001%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,776.1	+0.200%	$179.9M	$795.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,772.7	+0.076%	$161.3M	$97.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,775.5	+0.178%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.5	+0.035%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772	+0.052%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.8	+0.044%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.9	+0.086%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.8	−0.028%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,770.5	−0.002%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.1	−0.017%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,772.3	+0.062%	$59.9M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,771.4	+0.030%	$8.5M	$674.2M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,773.4	+0.102%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,770.6	0.000%	$285.4M	$195.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0184%	1h	2,770.5	−0.001%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,771.7	+0.041%	$86.7M	$330.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0456%	1h	2,772.9	+0.084%	$281K	$1.5M	20x	as long as short