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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 02:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.017%
Price spread now: Bulk against Reya+0.031%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.040%−$4 on $10k
Price spread, last 7 days−0.001%$0 · spread now +0.031%, 7d avg +0.038%
Together, before fees−0.042%+ Points / potential airdropReya: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ETHRUSDPERP2,750.50.0217pay 0.0027% / 1h46m 47s$7.3M$1.1M25x
ShortBulk ETH-USD2,751.40.0100get 0.0013% / 1h46m 47s$167.5M$300.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Reya. 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
−$24.62
Price spread: +0.031% → +0.038%
−$0.7
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$38.32
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Bulk: live order book, 2 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 Reya no order-book sample—————
Sell Bulk live order book, 2 min ago0.02 bp3.5 bp −$43.5 bp −$354.0 bp −$3954.6 bp −$2,322
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%43m2,751.3+0.027%$315K$6.2M8.3xas long as short
ApeX Omni ETHUSDT−0.0175%1h2,753.4+0.106%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,751.7+0.043%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,751.9+0.049%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,751.1+0.022%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.3+0.210%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.002%$10.9M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,751.3+0.028%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,751.9+0.050%$181K$1.1M50xas long as short
BingX ETH-USDC+0.0028%8h2,751.4+0.032%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0036%8h2,751.3+0.027%$1.68B$11.11B100xas long as short
Aster ETHUSDT+0.0055%8h2,751.6+0.038%$255.9M$857.0M200xas long as short
Aevo ETH-PERP+0.0056%1h2,747.4−0.112%$4.9M$168K20xas long as short
HTX ETH-USDT+0.0058%8h2,749.7−0.030%$1.07B$1.22B200xas long as short
MEXC ETH_USDT+0.0063%8h2,751.5+0.036%$1.58B$2.53B500xas long as short
Binance ETHUSDT+0.0065%8h2,751.7+0.042%$6.36B$16.32B150xas long as short
Deribit ETH-PERPETUAL+0.0066%1h2,751.7+0.043%$258.8M$201.9M50xas long as short
Gate ETH_USDT+0.0067%8h2,751.7+0.043%$3.33B$8.75B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,751.3+0.028%$384.2M$606.6M100xas long as short
Bitget ETHUSDT+0.0084%8h2,751.3+0.028%$2.07B$2.86B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.3+0.028%$59.6M$4.40B50xas long as short
Lighter ETH+0.0096%1h2,750.8+0.009%$113.2M$439.4M50xas long as short
Lighter RH ETH+0.0096%1h2,752.1+0.057%$25.0M$106.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,752.1+0.057%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,751.6+0.040%$30K$21K20xas long as short
Variational Omni ETH+0.0097%8h2,750.3−0.008%$133.4M$346.5M—as long as short
Paradex ETH-USD-PERP+0.0099%8h2,754.1+0.131%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,751+0.017%$470K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,751.1+0.019%$14.0M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,752.7+0.079%$3.13B$2.14B25xas long as short
Pacifica ETH+0.0100%1h2,751.3+0.030%$31.6M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,751.6+0.040%$2.47B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,750.2−0.012%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,752.2+0.059%$2.8M$16.8M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,751.4+0.031%$167.5M$300.9M25x
Backpack ETH_USDC_PERP+0.0100%1h2,749.9−0.023%$15.0M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,752.9+0.087%$184.4M$735.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,753.1+0.093%$160.1M$82.7M50xas long as short
StandX ETH-USD+0.0100%1h2,753.9+0.123%$21.3M$66.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,752.1+0.058%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,750.8+0.010%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,750.9+0.012%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,751.9+0.049%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.8+0.047%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.3−0.008%$964K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,750.2−0.012%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,750.2−0.011%$267.6M$66.3M150xas long as short
Extended ETH-USD+0.0104%1h2,749.7−0.031%$30.8M$74.6M50xas long as short
Kalshi KXETHPERP+0.0134%8h2,751.3+0.028%$7.7M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0161%8h2,752.9+0.088%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,754.3+0.138%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.084%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,750.5−0.001%$118K$22.5M52xas long as short
Reya ETHRUSDPERPlong+0.0217%1h2,750.5long leg$7.3M$1.1M25x
Kraken Futures PF_ETHUSD+0.0354%1h2,751.3+0.028%$93.2M$315.9M100xas long as short