ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: ApeX Omni against SoDEX−0.152%74s7-day average +0.007% · 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−$190.191% of the position

Long on SoDEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.152%, 7d avg +0.007%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.159% cheaper against SoDEX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 74 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	SoDEX ETH-USD	2,775.2	0.0095	pay 0.0012% / 1h	45m 59s	$55.3M	$228.7M	40x
Short	ApeX Omni ETHUSDT	2,771	0.0100	get 0.0013% / 1h	45m 59s	$8.7M	$32.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now −0.152%Rate

Funding earned: $1.11
Price spread: −0.152% → +0.007%: −$15.93
Slippage, 4 orders: −$1.12
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.94
Costs to cover: 0.191%
Break-even: 221.5 days

Slippage from SoDEX: 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 SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.2 bp −$42	5.5 bp −$546	32.5 bp −$16.2K
Sell ApeX Omni live order book, 3 min ago	0.38 bp	5.4 bp −$5	6.5 bp −$65	22.2 bp −$2,220	77.9 bp −$39.0K

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
Perpl ETH	−0.0447%	43m	2,773.9	−0.046%	$289K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,773.4	−0.066%	$5.8M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,775.3	+0.004%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,762.7	−0.450%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,773.8	−0.050%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0007%	1h	2,773.3	−0.069%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,774.5	−0.026%	$12.7M	$45.5M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,772.5	−0.097%	$884K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.1	−0.005%	$22.4M	—	200x	as long as short
Phemex ETHUSDT	+0.0014%	8h	2,775	−0.007%	$267.3M	$65.6M	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0017%	8h	2,775.3	+0.004%	—	$1.18B	—	as long as short
OKX ETH-USDT-SWAP	+0.0020%	8h	2,775.9	+0.025%	$1.71B	$11.83B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,775	−0.009%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0031%	8h	2,775.1	−0.004%	$256.6M	$991.2M	200x	as long as short
Bullet ETH-USD	+0.0035%	1h	2,774.1	−0.040%	$181K	$1.8M	20x	as long as short
Nado ETH-PERP	+0.0038%	1h	2,773.6	−0.058%	$14.3M	$118.0M	50x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,773.3	−0.070%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0052%	8h	2,775.2	+0.001%	$1.61B	$2.64B	500x	as long as short
Binance ETHUSDT	+0.0054%	8h	2,775.4	+0.006%	$6.44B	$17.13B	150x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,775	−0.008%	$2.10B	$3.10B	150x	as long as short
Deribit ETH-PERPETUAL	+0.0074%	1h	2,776.8	+0.059%	$258.4M	$223.0M	50x	as long as short
Hibachi ETH/USDT-P	+0.0080%	1h	2,775.2	−0.002%	$287K	$1.5M	20x	as long as short
Gate ETH_USDT	+0.0081%	8h	2,775.3	+0.004%	$3.29B	$9.56B	200x	as long as short
SoDEX ETH-USDlong	+0.0095%	1h	2,775.2	long leg	$55.3M	$228.7M	40x
HTX ETH-USDT	+0.0095%	8h	2,774.3	−0.031%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.4	+0.007%	$115.1M	$496.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.1	+0.067%	$25.4M	$120.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,774.9	−0.011%	—	$41.3M	500x	as long as short
Bybit ETHUSDT	+0.0099%	8h	2,776	+0.028%	$2.52B	$4.60B	150x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.5	−0.063%	$15.9M	$10.6M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,773.4	−0.065%	$480K	$2.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,776.9	+0.061%	$3.19B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774	−0.043%	$31.2M	$295.5M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,773	−0.079%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.3	+0.004%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.166%	$166.0M	$246.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,775	−0.006%	$424.7M	$738.0M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.4	+0.006%	$15.3M	$44.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.1	−0.185%	$135.6M	$326.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.7	−0.163%	$179.6M	$779.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.6	−0.128%	$161.2M	$94.7M	50x	as long as short
ApeX Omni ETHUSDTshort	+0.0100%	1h	2,771	−0.152%	$8.7M	$32.7M	100x
StandX ETH-USD	+0.0100%	1h	2,774.6	−0.022%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,774.2	−0.036%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,775.2	0.000%	$10.8M	$7.7M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.3	+0.075%	$42.7M	$29.3M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,773.7	−0.055%	$973K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.6	−0.022%	$31.4M	$74.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.8	+0.057%	$60.1M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,775.3	+0.004%	$8.6M	$673.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0139%	8h	2,777.6	+0.085%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,776.5	+0.048%	$86.2M	$330.5M	100x	as long as short
BloFin ETH-USDT	+0.0172%	8h	2,772.8	−0.085%	$285.2M	$194.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0188%	1h	2,773.8	−0.051%	$7.4M	$1.1M	25x	as long as short
Bluefin ETH-PERP	+0.0275%	1h	2,775.4	+0.006%	$21K	$24K	25x	as long as short