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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−0.0228%/8h= −24.9% APRpaid last 24h −0.001%
Price spread now: RISEx against Variational Omni−0.037%7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.037%, 7d avg +0.002%
Together, before fees+0.078%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and RISEx is 0.039% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.5% 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
LongVariational Omni ETH2,770.60.0100pay 0.0100% / 8h7h 30m$140.2M$345.2M—
ShortRISEx ETH/USDC2,769.6−0.0128pay 0.0016% / 1h30m 07s$5.6M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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
−$47.82
Price spread: −0.037% → +0.002%
−$3.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$57.74
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; RISEx: live order book, 4 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, 4 min ago0.79 bpdoesn't fit0.8 bp −$81.7 bp −$166doesn't fit
Sell RISEx live order book, 4 min ago0.02 bp3.0 bp −$34.1 bp −$41doesn'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/USDCshort−0.0128%1h2,769.6−0.037%$5.6M$11.2M25x
Perpl ETH−0.0112%43m2,769.8−0.028%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.3−0.010%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0040%1h2,769.7−0.032%$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%1h2,770.2−0.014%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.6+0.001%$22.4M—200xas long as short
Bullet ETH-USD+0.0022%1h2,769.7−0.030%$184K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0025%8h2,771.7+0.042%$1.71B$11.20B100xas 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%1h2,770.5−0.003%$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+0.0040%8h2,770.5−0.002%$256.7M$886.2M200xas long as short
MEXC ETH_USDT+0.0054%8h2,770.6+0.001%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,770.7+0.004%$6.48B$16.35B150xas long as short
Aevo ETH-PERP+0.0056%1h2,767.4−0.115%$5.0M$165K20xas long as short
Aftermath Perps ETHUSD+0.0066%1h2,771.4+0.031%$31K$23K20xas long as short
Bitget ETHUSDT+0.0072%8h2,771.7+0.041%$2.10B$2.88B150xas 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%1h2,770.1−0.019%—$876K50xas long as short
KuCoin ETHUSDTM+0.0083%8h2,770.6+0.002%$420.4M$628.7M100xas long as short
HTX ETH-USDT+0.0084%8h2,769.8−0.028%$1.08B$1.25B200xas long as short
Gate ETH_USDT+0.0094%8h2,772+0.050%$3.36B$9.00B200xas long as short
Lighter ETH+0.0096%1h2,771+0.014%$115.2M$457.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.058%$25.7M$111.3M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,771.2+0.023%$15.9M$8.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.032%$485K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,770.1−0.019%$14.7M$114.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.2+0.131%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.010%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.8+0.043%$2.51B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9−0.024%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.4−0.006%$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-USDC+0.0100%8h2,771.1+0.020%—$17.3M—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%4h2,769.9−0.025%$181.8M$787.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.6−0.037%$161.0M$84.9M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771+0.015%$8.7M$32.2M100xas long as short
StandX ETH-USD+0.0100%1h2,768.5−0.075%$21.4M$62.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.4−0.042%$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%1h2,769.6−0.036%$31.0M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.1−0.018%—$37.0M500xas 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
Hibachi ETH/USDT-P+0.0144%1h2,772.4+0.067%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0150%8h2,772.9+0.082%$32.6M$11.2M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.4−0.008%$287.6M$182.0M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,769.2−0.049%$7.3M$1.2M25xas long as short