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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 00:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Deribit−0.044%7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.044%, 7d avg −0.045%
Together, before fees+0.028%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,783.90.0102pay 0.0013% / 1h49m 48s$258.9M$222.8M50x
ShortVariational Omni ETH2,782.70.0100get 0.0100% / 8h49m 48s$147.8M$336.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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
−$0.42
Price spread: −0.044% → −0.045%
$0.08
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.34
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 4 min ago; Variational Omni: RFQ quote, 4 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 Deribit live order book, 4 min ago0.72 bp4.4 bp −$45.2 bp −$529.7 bp −$97128.2 bp −$14.1K
Sell Variational Omni RFQ quote, 4 min ago0.54 bpdoesn't fit0.5 bp −$53.8 bp −$381doesn'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%43m2,784.2+0.010%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.5−0.014%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.050%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,784.9+0.036%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0066%1h2,786.6+0.096%$8.8M$32.8M100xas long as short
01 Exchange ETHUSD−0.0024%1h2,784.2+0.011%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0009%1h2,782.8−0.039%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.6+0.025%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,785+0.040%$888K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.5−0.016%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,782.4−0.055%—$17.4M—as long as short
OKX ETH-USDT-SWAP+0.0020%8h2,782.8−0.040%$1.70B$11.92B100xas long as short
Phemex ETHUSDT+0.0026%8h2,782.4−0.053%$271.2M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,783.2−0.024%$12.9M—200xas long as short
Aster ETHUSDT+0.0039%8h2,782.8−0.041%$256.8M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,782.8−0.041%$5.1M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,783−0.034%$2.11B$3.11B150xas long as short
MEXC ETH_USDT+0.0066%8h2,782.9−0.037%$1.60B$2.63B500xas long as short
Binance ETHUSDT+0.0066%8h2,782.6−0.048%$6.45B$17.27B150xas long as short
Gate ETH_USDT+0.0071%8h2,782.6−0.045%$3.31B$9.59B200xas long as short
Bullet ETH-USD+0.0074%1h2,782.7−0.044%$184K$1.7M20xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,783.6−0.013%$60.3M$4.62B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,782.1−0.064%$423.2M$739.7M100xas long as short
Bybit ETHUSDT+0.0090%8h2,782.9−0.036%$2.52B$4.63B150xas long as short
HTX ETH-USDT+0.0090%8h2,782−0.068%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,783−0.033%$116.3M$495.5M50xas long as short
Lighter RH ETH+0.0096%1h2,784.8+0.031%$25.4M$120.7M50xas long as short
Vest ETH-PERP+0.0097%1h2,784.2+0.011%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.9−0.001%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,783.5−0.014%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,784.1+0.007%$14.4M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,785.3+0.050%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,784.6+0.026%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,783.7−0.007%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,785+0.038%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.011%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,782−0.067%$15.1M$44.0M50xas long as short
Variational Omni ETHshort+0.0100%8h2,782.7−0.044%$147.8M$336.6M—
edgeX ETHUSDC+0.0100%4h2,782.4−0.056%$182.1M$780.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,784.1+0.007%$161.9M$90.2M50xas long as short
StandX ETH-USD+0.0100%1h2,783.6−0.011%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,784.7+0.029%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,783.4−0.017%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,784.6+0.025%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.8−0.038%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,782.2−0.061%$55.4M$229.0M40xas long as short
Deribit ETH-PERPETUALlong+0.0102%1h2,783.9long leg$258.9M$222.8M50x
Extended ETH-USD+0.0104%1h2,782.2−0.060%$32.7M$77.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,783.6−0.012%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,783.1−0.028%$86.7M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,784.4+0.018%$8.4M$682.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,785.3+0.050%$32.7M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,783.3−0.022%$285.1M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,783.2−0.025%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,785+0.039%$271K$1.5M20xas long as short