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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0396%/8h= +43.3% APRpaid last 24h +0.030%
Price spread now: BloFin against RISEx−0.024%7-day average −0.018% · 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−$21as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Long on RISExShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.079%+$8 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.024%, 7d avg −0.018%
Together, before fees+0.009%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.079% in total (about 8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,784.5−0.0206get 0.0026% / 1h44m 52s$5.7M$11.9M25x
ShortBloFin ETH-USDT2,783.90.0190get 0.0190% / 8h44m 52s$285.6M$195.2M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$83.12
Price spread: −0.024% → −0.018%
−$0.52
Slippage, 4 orders
−$2.66
Fee RISEx: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$61.95
Costs to cover
0.207%
Break-even
1.8 days
Slippage from RISEx: live order book, 4 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago1.29 bp4.3 bp −$45.5 bp −$55278.0 bp −$27.8Kdoesn't fit
Sell BloFin live order book, 4 min ago0.04 bp6.0 bp −$66.0 bp −$606.9 bp −$6949.6 bp −$4,798

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%43m2,785.7+0.043%$288K$6.9M8.3xas long as short
RISEx ETH/USDClong−0.0206%1h2,784.5long leg$5.7M$11.9M25x
Injective ETH/USDC PERP−0.0088%1h2,781.9−0.095%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,786.1+0.056%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0049%1h2,781.5−0.111%$8.9M$32.9M100xas long as short
01 Exchange ETHUSD−0.0016%1h2,785.2+0.024%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0011%1h2,783.6−0.035%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,782.4−0.075%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6−0.034%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,785+0.015%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0016%8h2,782.3−0.081%—$1.21B—as long as short
Phemex ETHUSDT+0.0020%8h2,784−0.018%$271.3M$68.9M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,782.1−0.088%$1.71B$11.93B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,784.9+0.014%$13.0M—200xas long as short
Aster ETHUSDT+0.0042%8h2,782.6−0.068%$257.6M$1.00B200xas long as short
Bullet ETH-USD+0.0063%1h2,784.3−0.009%$184K$1.7M20xas long as short
Aevo ETH-PERP+0.0064%1h2,783−0.055%$5.1M$636K20xas long as short
MEXC ETH_USDT+0.0067%8h2,782−0.090%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0067%8h2,782−0.091%$2.11B$3.11B150xas long as short
Binance ETHUSDT+0.0070%8h2,781.7−0.102%$6.45B$17.30B150xas long as short
Gate ETH_USDT+0.0071%8h2,782.2−0.083%$3.31B$9.61B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,782.3−0.080%$423.5M$740.0M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.1+0.019%$60.4M$4.62B50xas long as short
Bybit ETHUSDT+0.0091%8h2,781.9−0.096%$2.52B$4.64B150xas long as short
SoDEX ETH-USD+0.0092%1h2,784−0.019%$55.4M$229.1M40xas long as short
HTX ETH-USDT+0.0092%8h2,784.3−0.009%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,782.5−0.072%$116.2M$496.5M50xas long as short
Lighter RH ETH+0.0096%1h2,783.9−0.021%$25.5M$120.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,784.9+0.014%—$42.0M500xas long as short
Vest ETH-PERP+0.0097%1h2,785.2+0.023%—$1.1M50xas long as short
Nado ETH-PERP+0.0097%1h2,784.6+0.003%$14.4M$118.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,785.7+0.041%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,785.3+0.027%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.7+0.006%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,786.1+0.055%$31.4M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,784.3−0.009%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,786+0.052%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2−0.012%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,783.4−0.040%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,783.3−0.046%$147.8M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,782.1−0.089%$182.1M$781.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,782−0.092%$161.7M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,781.5−0.109%$21.5M$58.4M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,785.7+0.042%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,785.4+0.032%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,786.6+0.073%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,784.9+0.014%$976K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,781.7−0.101%$32.7M$77.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,784.8+0.011%$86.9M$333.4M100xas long as short
Kalshi KXETHPERP+0.0123%8h2,785.6+0.038%$8.4M$683.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,786.9+0.085%$32.7M$12.1M100xas long as short
Deribit ETH-PERPETUAL+0.0138%1h2,785.9+0.048%$258.9M$223.0M50xas long as short
BloFin ETH-USDTshort+0.0190%8h2,783.9−0.024%$285.6M$195.2M150x
Reya ETHRUSDPERP+0.0199%1h2,784.5−0.001%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,785.7+0.042%$271K$1.5M20xas long as short