ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.004%

Price spread now: RISEx against Bullet+0.010%7-day average −0.004% · 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−$18as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Bullet Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.010%, 7d avg −0.004%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.054% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,740.2	0.0100	pay 0.0013% / 1h	45m 02s	$177K	$1.6M	20x
Short	RISEx ETH/USDC	2,740.5	0.0342	get 0.0043% / 1h	45m 02s	$5.7M	$10.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. 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 BulletbpFee RISExbpOrdersPrice spread, now +0.010%Rate

Funding earned: $50.84
Price spread: +0.010% → −0.004%: $1.44
Slippage, 4 orders: −$4.97
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $33.31
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage from Bullet: live order book, 2 min ago; RISEx: live order book, 2 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 Bullet live order book, 2 min ago	0.37 bp	6.1 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	0.02 bp	3.9 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit

ETH on 55 exchanges

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
Hotstuff ETH-PERP	−0.0080%	1h	2,742.5	+0.084%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0058%	1h	2,738.1	−0.077%	$8.2M	$25.0M	100x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,741.9	+0.060%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,740.2	+0.001%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,738.3	−0.069%	$816K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,740.2	0.000%	$7.4M	$657.4M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,739.8	−0.015%	$264K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,740.3	+0.003%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,740.3	+0.004%	$182K	$908K	50x	as long as short
Bybit ETHUSDT	+0.0048%	8h	2,740.8	+0.022%	$2.37B	$3.77B	150x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ETH-USD	+0.0059%	1h	2,739.1	−0.041%	$15.2M	$42.3M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,741	+0.029%	$1.67B	$9.02B	100x	as long as short
SoDEX ETH-USD	+0.0084%	1h	2,740.1	−0.004%	$61.7M	$121.7M	40x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,740.7	+0.020%	$378.3M	$433.7M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,741.3	+0.042%	$113.7M	$382.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,742.4	+0.080%	$23.6M	$93.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,740.6	+0.013%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,738.5	−0.063%	$4.9M	$251K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738.9	−0.047%	$514K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739.8	−0.014%	$14.8M	$93.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,743.5	+0.120%	$3.15B	$1.67B	25x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,740.8	+0.023%	$254.7M	$702.5M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,740.2	−0.001%	$32.1M	$322.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,740.7	+0.019%	$6.41B	$13.68B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737	−0.117%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,740.4	+0.008%	$1.6M	$14.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,739.9	−0.011%	$162.9M	$303.5M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,741.1	+0.031%	$3.27B	$7.63B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,740.7	+0.019%	$1.60B	$2.30B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,740.9	+0.024%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,740.8	+0.023%	—	$936.8M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,740.4	+0.007%	$15.0M	$34.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,736.3	−0.141%	$133.5M	$273.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.9	−0.122%	$184.1M	$557.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,741.1	+0.033%	$159.3M	$70.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.2	+0.036%	$21.0M	$76.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,741.3	+0.040%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.6	+0.051%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USDlong	+0.0100%	1h	2,740.2	long leg	$177K	$1.6M	20x
Bluefin ETH-PERP	+0.0100%	1h	2,739.9	−0.012%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.8	+0.059%	$40.9M	$25.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,739.9	−0.012%	$944K	$8.2M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,740.4	+0.007%	$1.05B	$991.7M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,740.8	+0.021%	$263.0M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,739.9	−0.010%	$30.1M	$63.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0107%	1h	2,740.5	+0.012%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,742.2	+0.074%	$47.7M	$3.88B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,741	+0.029%	$82.5M	$264.8M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0122%	1h	2,741.5	+0.048%	$267.6M	$181.3M	50x	as long as short
Reya ETHRUSDPERP	+0.0145%	1h	2,739.3	−0.033%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0190%	8h	2,742.8	+0.093%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDCshort	+0.0342%	1h	2,740.5	+0.010%	$5.7M	$10.3M	25x
BloFin ETH-USDT	+0.0400%	8h	2,740.1	−0.003%	$286.8M	$146.8M	150x	as long as short
Paradex ETH-USD-PERP	+0.0429%	8h	2,741.4	+0.044%	$15.7M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,742.8	+0.095%	$118K	$25.4M	52x	as long as short