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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 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.026%
Price spread now: Hibachi against Variational Omni+0.015%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.056%−$6 on $10k
Price spread, last 7 days+0.035%+$3 · spread now +0.015%, 7d avg +0.025%
Together, before fees−0.021%+ Points / potential airdropVariational Omni: Active · Hibachi: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,770.60.0100pay 0.0100% / 8h7h 29m$140.2M$345.2M—
ShortHibachi ETH/USDT-P2,7710.0152get 0.0019% / 1h29m 30s$253K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.92
Price spread: +0.015% → +0.025%
−$0.95
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$0.97
Costs to cover
0.090%
Break-even
6.4 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hibachi: live order book, 5 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 Variational Omni RFQ quote, 5 min ago0.79 bpdoesn't fit0.8 bp −$81.7 bp −$166doesn't fit
Sell Hibachi live order book, 5 min ago1.08 bp5.6 bp −$611.7 bp −$117doesn't fitdoesn't fit

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
Injective ETH/USDC PERP−0.0752%1h2,772.9+0.084%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,770.3−0.011%$5.6M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,770−0.021%$320K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.2−0.014%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.2−0.014%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.1+0.019%$878K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,770.4−0.006%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.5+0.032%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,770.5−0.003%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0025%8h2,770.8+0.008%$1.71B$11.18B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.2+0.023%$12.7M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,770.2−0.014%$269.6M$67.5M150xas long as short
SoDEX ETH-USD+0.0033%1h2,770−0.021%$55.2M$188.0M40xas long as short
Aster ETHUSDT+0.0041%8h2,770.9+0.012%$256.7M$886.1M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.5−0.002%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,771.5+0.032%$6.48B$16.34B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.4−0.115%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0067%1h2,771.6+0.035%$31K$21K20xas long as short
Gate ETH_USDT+0.0070%8h2,770.8+0.009%$3.36B$9.00B200xas long as short
Bitget ETHUSDT+0.0072%8h2,770.60.000%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.8+0.043%$60.4M$4.44B50xas long as short
Vest ETH-PERP+0.0082%1h2,770.8+0.008%—$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.2−0.012%$420.2M$628.7M100xas long as short
HTX ETH-USDT+0.0084%8h2,769.8−0.028%$1.08B$1.25B200xas long as short
Lighter ETH+0.0096%1h2,770.4−0.008%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.057%$25.7M$111.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.7+0.042%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2−0.014%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.6+0.037%$14.7M$114.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,773+0.088%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.7+0.006%$31.2M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.3+0.027%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8−0.028%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,771+0.015%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.027%$171.6M$277.9M25xas long as short
BingX ETH-USDT+0.0100%8h2,770.8+0.010%—$1.21B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772+0.053%$15.2M$42.0M50xas long as short
Variational Omni ETHlong+0.0100%8h2,770.6long leg$140.2M$345.2M—
edgeX ETHUSDC+0.0100%4h2,770.3−0.011%$181.9M$787.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9+0.012%$161.1M$84.5M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771+0.015%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,770.3−0.010%$21.4M$63.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.4−0.006%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.8+0.006%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.2+0.059%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.3−0.045%$971K$13.2M100xas long as short
Extended ETH-USD+0.0104%1h2,769.8−0.030%$31.0M$74.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.2+0.024%—$36.9M500xas long as short
Deribit ETH-PERPETUAL+0.0111%1h2,771.6+0.038%$259.1M$207.0M50xas long as short
Kalshi KXETHPERP+0.0111%8h2,770.8+0.008%$8.0M$682.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.9+0.049%$96.0M$319.4M100xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,773.7+0.114%$32.7M$11.2M100xas long as short
Hibachi ETH/USDT-Pshort+0.0152%1h2,771+0.015%$253K$1.5M20x
BloFin ETH-USDT+0.0174%8h2,770.4−0.008%$287.6M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,770.5−0.001%$7.3M$1.2M25xas long as short