ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.007%

Price spread now: Arcus against RISEx−0.003%7-day average +0.019% · 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−$15as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.003%, 7d avg +0.019%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.023% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,729.7	0.0115	pay 0.0014% / 1h	1m 41s	$5.6M	$11.6M	25x
Short	Arcus ETH-USD	2,729.6	0.0100	get 0.0013% / 1h	1m 41s	$1.5M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$3.16
Price spread: −0.003% → +0.019%: −$2.25
Slippage, 4 orders: −$2.43
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.34
Costs to cover: 0.129%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Arcus: live order book, 2 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 RISEx live order book, 2 min ago	0.02 bp	4.3 bp −$4	5.2 bp −$52	279.5 bp −$28.0K	doesn't fit
Sell Arcus live order book, 2 min ago	0.04 bp	3.2 bp −$3	3.8 bp −$38	5.7 bp −$574	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
Hotstuff ETH-PERP	−0.0080%	1h	2,729.1	−0.021%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0040%	1h	2,734.2	+0.166%	$117K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,729.5	−0.006%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,734.4	+0.173%	$814K	$3.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,729.6	−0.003%	$10.5M	$42.8M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,730.3	+0.023%	$6.7M	$682.2M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,728.4	−0.049%	$287K	$5.8M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,730	+0.012%	$262.5M	$213.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,729.5	−0.005%	$32.9M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0014%	1h	2,732.5	+0.104%	$8.6M	$31.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDC	+0.0022%	8h	2,728.6	−0.038%	—	$18.6M	—	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,729.6	−0.003%	$191K	$890K	50x	as long as short
Bybit ETHUSDT	+0.0026%	8h	2,728.9	−0.028%	$2.33B	$4.38B	150x	as long as short
HTX ETH-USDT	+0.0029%	8h	2,728.9	−0.028%	$1.05B	$1.22B	200x	as long as short
KuCoin ETHUSDTM	+0.0069%	8h	2,729.2	−0.016%	$385.6M	$577.7M	100x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,729	−0.025%	$54.4M	$187.2M	40x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,729.1	−0.021%	$1.65B	$10.85B	100x	as long as short
Aster ETHUSDT	+0.0080%	8h	2,729.2	−0.018%	$252.8M	$847.3M	200x	as long as short
Bullet ETH-USD	+0.0091%	1h	2,729.1	−0.021%	$188K	$1.7M	20x	as long as short
Binance ETHUSDT	+0.0093%	8h	2,729.3	−0.013%	$6.33B	$16.12B	150x	as long as short
Phemex ETHUSDT	+0.0094%	8h	2,729.3	−0.013%	$262.8M	$64.5M	150x	as long as short
MEXC ETH_USDT	+0.0094%	8h	2,729.4	−0.012%	$1.53B	$2.61B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,730	+0.013%	$112.6M	$439.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,731.1	+0.050%	$23.5M	$103.5M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,726.4	−0.119%	$4.9M	$174K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,728.9	−0.028%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,732.9	+0.118%	$15.4M	$7.8M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,728.3	−0.049%	$14.1M	$104.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,731.4	+0.063%	$3.10B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,730.3	+0.023%	$32.0M	$332.9M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,728.7	−0.036%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USDshort	+0.0100%	1h	2,729.6	−0.003%	$1.5M	$16.1M	25x
Bulk ETH-USD	+0.0100%	1h	2,731.8	+0.078%	$164.2M	$349.6M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,729.5	−0.008%	$3.30B	$9.06B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.3	−0.015%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.2	−0.018%	$15.1M	$41.7M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,732.5	+0.104%	$134.3M	$320.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,732.3	+0.098%	$185.8M	$683.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732.5	+0.102%	$158.8M	$83.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732	+0.085%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,730.9	+0.045%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,730.4	+0.027%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,729.4	−0.010%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,732.6	+0.108%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729	−0.025%	$958K	$10.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0102%	1h	2,732.1	+0.090%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,728.5	−0.045%	$30.4M	$73.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,729.2	−0.016%	—	$30.5M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,730.4	+0.027%	$46.5M	$4.30B	50x	as long as short
RISEx ETH/USDClong	+0.0115%	1h	2,729.7	long leg	$5.6M	$11.6M	25x
Hibachi ETH/USDT-P	+0.0120%	1h	2,731.7	+0.076%	$243K	$1.4M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0185%	8h	2,731.3	+0.059%	$32.2M	$11.3M	100x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,728.3	−0.050%	$7.3M	$975K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0211%	1h	2,729.7	+0.001%	$82.1M	$309.8M	100x	as long as short
BloFin ETH-USDT	+0.0319%	8h	2,730.2	+0.020%	$281.2M	$176.0M	150x	as long as short