ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.012%

Price spread now: ApeX Omni against Phoenix−0.116%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.116%, 7d avg −0.087%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.030% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.087%). If the spread goes back, that is −$3 on $10k: about 4.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,741.3	−0.0009	get 0.0001% / 1h	8m 51s	$820K	$2.8M	25x
Short	ApeX Omni ETHUSDT	2,738.1	0.0016	get 0.0002% / 1h	8m 51s	$8.2M	$25.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.116%Rate

Funding earned: $5.26
Price spread: −0.116% → −0.087%: −$2.97
Slippage, 4 orders: −$1.68
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.39
Costs to cover: 0.187%
Break-even: 28.8 days

Slippage from Phoenix: 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 Phoenix live order book, 3 min ago	0.18 bp	3.8 bp −$4	7.0 bp −$70	20.1 bp −$2,013	doesn't fit
Sell ApeX Omni live order book, 3 min ago	0.05 bp	5.1 bp −$5	5.7 bp −$57	15.9 bp −$1,591	81.0 bp −$40.5K

ETH on 54 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	2,749.9	+0.314%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0080%	1h	2,741.8	+0.017%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,740.4	−0.033%	$12.2M	—	200x	as long as short
Phoenix ETHlong	−0.0009%	1h	2,741.3	long leg	$820K	$2.8M	25x
Kalshi KXETHPERP	0.0000%	8h	2,740.7	−0.022%	$7.3M	$655.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,740.4	−0.034%	$277K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,740.4	−0.034%	$33.1M	—	200x	as long as short
ApeX Omni ETHUSDTshort	+0.0016%	1h	2,738.1	−0.116%	$8.2M	$25.1M	100x
Bybit ETHUSDT	+0.0034%	8h	2,741.8	+0.017%	$2.36B	$3.78B	150x	as long as short
01 Exchange ETHUSD	+0.0056%	1h	2,740.7	−0.022%	$182K	$910K	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0068%	8h	2,741.7	+0.013%	$1.67B	$9.09B	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,737.8	−0.128%	$4.9M	$244K	20x	as long as short
Aster ETHUSDT	+0.0088%	8h	2,742.1	+0.030%	$255.9M	$713.9M	200x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,741.7	+0.015%	$1.59B	$2.37B	500x	as long as short
KuCoin ETHUSDTM	+0.0089%	8h	2,741.3	−0.002%	$364.9M	$435.5M	100x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,742.2	+0.034%	$6.41B	$13.83B	150x	as long as short
dYdX ETH-USD	+0.0094%	1h	2,741.1	−0.009%	$15.2M	$42.5M	50x	as long as short
Lighter ETH	+0.0096%	1h	2,742.5	+0.043%	$113.8M	$390.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,743.4	+0.076%	$23.6M	$96.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,740.4	−0.034%	—	$23.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,742.3	+0.036%	$47.6M	$3.88B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,739.9	−0.051%	$511K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,740.3	−0.036%	$14.8M	$93.9M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.3	0.000%	$32.2M	$322.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,739.5	−0.066%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,741.3	0.000%	$1.5M	$14.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,741	−0.012%	$163.6M	$316.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,742	+0.027%	$3.27B	$7.80B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,741.8	+0.020%	$2.11B	$2.28B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,740.8	−0.019%	—	$18.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,740.4	−0.034%	$14.9M	$36.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,739.5	−0.067%	$132.3M	$277.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,738.5	−0.104%	$184.3M	$559.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740.5	−0.029%	$159.3M	$69.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.5	+0.007%	$21.1M	$74.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,741.7	+0.013%	—	$317K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,741.9	+0.022%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,740.4	−0.034%	$177K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,740.8	−0.018%	$20K	$12K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,740	−0.049%	$944K	$8.4M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,740.7	−0.022%	$61.7M	$121.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,740.3	−0.036%	$1.05B	$1.01B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,740.9	−0.014%	$262.9M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,740.6	−0.025%	$30.1M	$63.9M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,741.1	−0.007%	$82.6M	$268.4M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0108%	1h	2,741.6	+0.012%	$267.1M	$182.3M	50x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,740.7	−0.022%	$30K	$8K	20x	as long as short
Reya ETHRUSDPERP	+0.0149%	1h	2,739.6	−0.061%	$7.3M	$850K	25x	as long as short
Hyperliquid ETH	+0.0171%	1h	2,744.3	+0.109%	$3.14B	$1.69B	25x	as long as short
Orderly PERP_ETH_USDC	+0.0183%	8h	2,743	+0.061%	$32.4M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0206%	1h	2,741.4	+0.002%	$5.7M	$10.4M	25x	as long as short
BloFin ETH-USDT	+0.0358%	8h	2,740.7	−0.023%	$284.3M	$147.6M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,744.9	+0.131%	$118K	$26.8M	52x	as long as short
Paradex ETH-USD-PERP	+0.0520%	8h	2,742.6	+0.048%	$15.8M	$6.2M	50x	as long as short