ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.040%

Price spread now: ApeX Omni against dYdX+0.256%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.257%−$26 on $10k

Price spread, last 7 days−0.312%−$31 · spread now +0.256%, 7d avg +0.010%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.246% dearer against dYdX than usual: you sell high and buy low (spread +0.256% now, against its 7-day average of +0.010%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.257% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETH-USD	2,745	0	get 0.0000% / 1h	41m 29s	$10.8M	$42.0M	50x
Short	ApeX Omni ETHUSDT	2,752	−0.0055	pay 0.0007% / 1h	41m 29s	$8.8M	$31.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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 dYdXbpFee ApeX OmnibpOrdersPrice spread, now +0.256%Rate

Funding earned: −$11.46
Price spread: +0.256% → +0.010%: $24.57
Slippage, 4 orders: −$6.78
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$13.67
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from dYdX: 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 dYdX live order book, 3 min ago	2.72 bp	7.7 bp −$8	7.7 bp −$77	10.1 bp −$1,007	27.9 bp −$13.9K
Sell ApeX Omni live order book, 3 min ago	0.58 bp	5.8 bp −$6	7.8 bp −$78	24.9 bp −$2,493	86.6 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	2,744.6	−0.014%	$311K	$6.2M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,745.9	+0.035%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,744.5	−0.017%	$5.5M	$11.3M	25x	as long as short
ApeX Omni ETHUSDTshort	−0.0055%	1h	2,752	+0.256%	$8.8M	$31.7M	100x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,744.4	−0.018%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,746.7	+0.064%	$863K	$3.1M	25x	as long as short
dYdX ETH-USDlong	0.0000%	1h	2,745	long leg	$10.8M	$42.0M	50x
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,744.5	−0.016%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,744.3	−0.024%	$180K	$1.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0020%	1h	2,745.6	+0.023%	$258.4M	$202.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0029%	8h	2,744.3	−0.023%	—	$1.20B	—	as long as short
OKX ETH-USDT-SWAP	+0.0038%	8h	2,743.8	−0.041%	$1.68B	$11.09B	100x	as long as short
Aster ETHUSDT	+0.0055%	8h	2,744.3	−0.024%	$255.4M	$857.4M	200x	as long as short
HTX ETH-USDT	+0.0056%	8h	2,743.8	−0.040%	$1.06B	$1.23B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,741.9	−0.112%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,743.6	−0.050%	$1.57B	$2.54B	500x	as long as short
Binance ETHUSDT	+0.0067%	8h	2,743.7	−0.044%	$6.34B	$16.34B	150x	as long as short
Gate ETH_USDT	+0.0074%	8h	2,744.5	−0.015%	$3.35B	$8.78B	200x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,742.9	−0.074%	$381.1M	$607.9M	100x	as long as short
Bitget ETHUSDT	+0.0087%	8h	2,743.6	−0.048%	$2.07B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTX	+0.0088%	1h	2,745.2	+0.008%	$59.2M	$4.39B	50x	as long as short
Lighter ETH	+0.0096%	1h	2,743.7	−0.046%	$113.0M	$440.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,745.1	+0.004%	$25.0M	$106.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,746	+0.037%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0099%	1h	2,750.2	+0.190%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,747.8	+0.103%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.2	−0.027%	$467K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,744	−0.036%	$13.9M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,746	+0.037%	$3.12B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,744.3	−0.022%	$31.5M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,743.7	−0.044%	$2.46B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,742.8	−0.078%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,744.9	−0.002%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.234%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,744.2	−0.027%	$14.9M	$41.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,750	+0.184%	$133.2M	$346.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,751.3	+0.231%	$184.4M	$722.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,748.2	+0.117%	$159.8M	$83.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,751.1	+0.224%	$21.3M	$66.7M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,743.4	−0.057%	$10.3M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,743.4	−0.058%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,744.1	−0.030%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,745.9	+0.034%	$41.9M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,744	−0.035%	$962K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,744.5	−0.016%	$54.7M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,744.5	−0.017%	$267.0M	$66.3M	150x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,745.2	+0.011%	—	$871K	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.5	−0.052%	$30.9M	$74.8M	50x	as long as short
Kalshi KXETHPERP	+0.0136%	8h	2,745.8	+0.031%	$7.8M	$674.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0163%	8h	2,746.7	+0.062%	$32.3M	$11.3M	100x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.287%	$285.0M	$179.1M	150x	as long as short
Hibachi ETH/USDT-P	+0.0184%	1h	2,745.1	+0.007%	$250K	$1.5M	20x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,751.8	+0.250%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERP	+0.0218%	1h	2,743.3	−0.061%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0354%	1h	2,745.2	+0.009%	$92.7M	$316.2M	100x	as long as short