ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.015%

Price spread now: RISEx against Phoenix−0.001%50s7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.155% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.038%+$4 on $10k

Price spread, last 7 days−0.077%−$8 · spread now −0.001%, 7d avg −0.084%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.082% dearer against Phoenix than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.084%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ETH	2,733	−0.0012	get 0.0001% / 1h	42m 39s	$807K	$3.0M	25x
Short	RISEx ETH/USDC	2,733	0.0137	get 0.0017% / 1h	42m 39s	$5.7M	$11.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.001%Rate

Funding earned: $31.3
Price spread: −0.001% → −0.084%: $8.24
Slippage, 4 orders: −$2.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $24.04
Costs to cover: 0.155%
Break-even: 1.6 days

Slippage from Phoenix: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.18 bp	4.3 bp −$4	8.2 bp −$82	21.6 bp −$2,164	doesn't fit
Sell RISEx live order book, 1 min ago	0.02 bp	3.6 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit

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
BloFin ETH-USDT	−0.0140%	8h	2,730.4	−0.094%	$280.2M	$177.7M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731.3	−0.063%	$277K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	−0.062%	$5K	$1K	50x	as long as short
Phemex ETHUSDT	−0.0064%	8h	2,730.4	−0.094%	$263.1M	$63.7M	150x	as long as short
HTX ETH-USDT	−0.0051%	8h	2,730	−0.110%	$1.05B	$1.21B	200x	as long as short
Bybit ETHUSDT	−0.0013%	8h	2,731.9	−0.041%	$2.32B	$4.31B	150x	as long as short
Phoenix ETHlong	−0.0012%	1h	2,733	long leg	$807K	$3.0M	25x
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.8	−0.079%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.6	−0.014%	$10.6M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.1	−0.070%	$6.7M	$672.1M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,731.2	−0.068%	$264.6M	$218.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,730.9	−0.075%	$32.9M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,732.8	−0.007%	$191K	$883K	50x	as long as short
SunX ETH-USDT	+0.0060%	8h	2,730.5	−0.090%	$941K	$10.7M	100x	as long as short
SoDEX ETH-USD	+0.0063%	1h	2,730.3	−0.099%	$54.4M	$182.5M	40x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,731.4	−0.058%	$239K	$1.4M	20x	as long as short
ApeX Omni ETHUSDT	+0.0078%	1h	2,730.8	−0.079%	$8.4M	$31.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0078%	8h	2,732	−0.037%	$1.65B	$10.74B	100x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,732.1	−0.034%	$252.2M	$849.6M	200x	as long as short
Gate ETH_USDT	+0.0083%	8h	2,731.7	−0.048%	$3.28B	$8.24B	200x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,731.1	−0.068%	$383.3M	$576.3M	100x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,732.1	−0.032%	$6.32B	$16.05B	150x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,731	−0.072%	$1.57B	$2.55B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,731.5	−0.056%	$112.6M	$401.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,733	+0.001%	$23.7M	$95.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,731.3	−0.062%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,728	−0.184%	$4.9M	$195K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,732	−0.037%	$500K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.8	+0.065%	$15.4M	$7.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.5	−0.054%	$14.2M	$100.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733.7	+0.026%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732	−0.037%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.1	−0.070%	$2.7M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.4	−0.023%	$1.6M	$15.8M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.9	−0.040%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,731	−0.072%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.3	−0.063%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731	−0.072%	$131.5M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.1	−0.069%	$185.8M	$686.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−0.051%	$158.8M	$79.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.9	−0.040%	$21.0M	$70.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732.3	−0.025%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.4	−0.059%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,730.7	−0.085%	$178K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.8	−0.044%	$40.6M	$29.0M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	−0.080%	$162.8M	$334.7M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731	−0.074%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,731.1	−0.068%	$82.0M	$309.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0110%	1h	2,731.4	−0.059%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,731.5	−0.054%	$46.4M	$4.24B	50x	as long as short
RISEx ETH/USDCshort	+0.0137%	1h	2,733	−0.001%	$5.7M	$11.4M	25x
Reya ETHRUSDPERP	+0.0174%	1h	2,729.7	−0.120%	$7.3M	$972K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,732.7	−0.010%	$32.2M	$11.3M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,735.4	+0.088%	$293K	$20.1M	52x	as long as short
Bluefin ETH-PERP	+0.1625%	1h	2,758.3	+0.927%	$20K	$23K	25x	as long as short