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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 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Pacifica against ApeX Omni+0.089%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Long on ApeX OmniShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.118%+$12 on $10k
Price spread, last 7 days−0.088%−$9 · spread now +0.089%, 7d avg +0.004%
Together, before fees+0.030%+ Points / potential airdropPacifica: Active · farm board+$3 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: Pacifica is 0.085% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,729.90.0100pay 0.0013% / 1h16m 59s$8.7M$31.4M100x
ShortPacifica ETH2,732.30.0100get 0.0013% / 1h16m 59s$32.0M$333.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX 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
$0
Price spread: +0.089% → +0.004%
$8.55
Slippage, 4 orders
−$5.12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$14.58
Costs to cover
0.231%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Pacifica: live order book, 2 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 ApeX Omni live order book, 2 min ago1.85 bp6.9 bp −$76.9 bp −$6922.9 bp −$2,29142.3 bp −$21.2K
Sell Pacifica live order book, 2 min ago0.18 bp5.2 bp −$55.5 bp −$55doesn'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
Perpl ETH−0.0447%43m2,731.7+0.065%$281K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732+0.077%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.7+0.067%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,725.4−0.165%$815K$3.0M25xas long as short
HTX ETH-USDT−0.0002%8h2,731.8+0.068%$1.05B$1.22B200xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,732+0.075%$32.9M—200xas long as short
dYdX ETH-USD+0.0007%1h2,732.3+0.087%$10.4M$42.6M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.8+0.033%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0034%8h2,731.6+0.062%—$1.12B—as long as short
01 Exchange ETHUSD+0.0040%1h2,732.7+0.102%$191K$842K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,730.8+0.032%$2.35B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0078%8h2,731.8+0.069%$375.1M$577.9M100xas long as short
SunX ETH-USDT+0.0079%8h2,731.2+0.048%$958K$11.1M100xas long as short
Bullet ETH-USD+0.0080%1h2,731.6+0.062%$181K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0084%1h2,726.9−0.112%$30K$20K20xas long as short
Aster ETHUSDT+0.0090%8h2,732.1+0.081%$252.3M$846.2M200xas long as short
Phemex ETHUSDT+0.0092%8h2,731.9+0.073%$263.3M$65.0M150xas long as short
MEXC ETH_USDT+0.0095%8h2,731.5+0.058%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0096%8h2,731.7+0.067%$6.34B$16.12B150xas long as short
Lighter ETH+0.0096%1h2,732.2+0.084%$112.5M$435.6M50xas long as short
Lighter RH ETH+0.0096%1h2,733.4+0.129%$23.5M$104.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,729.6−0.011%$4.9M$155K20xas long as short
OKX ETH-USDT-SWAP+0.0097%8h2,730.8+0.033%$1.66B$10.87B100xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.5+0.058%$505K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736+0.224%$15.2M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.7+0.065%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.9+0.146%$3.10B$2.05B25xas long as short
Pacifica ETHshort+0.0100%1h2,732.3+0.089%$32.0M$333.8M50x
Ondo Perps ETH-USD.P+0.0100%1h2,730.9+0.036%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.8+0.105%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,722.5−0.271%$160.0M$319.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.4+0.055%$3.29B$9.04B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.8+0.032%$2.09B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,731.3+0.051%$14.9M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,724.5−0.199%$133.3M$327.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,725.3−0.167%$184.6M$678.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.6+0.061%$158.9M$87.4M50xas long as short
ApeX Omni ETHUSDTlong+0.0100%1h2,729.9long leg$8.7M$31.4M100x
StandX ETH-USD+0.0100%1h2,731.7+0.066%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.2+0.121%—$875K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,733.6+0.135%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.1+0.080%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,733.6+0.134%$41.0M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,731.8+0.069%$54.4M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,730+0.003%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,732.1+0.079%—$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,733+0.111%$49.7M$4.31B50xas long as short
RISEx ETH/USDC+0.0108%1h2,732.6+0.097%$5.6M$11.8M25xas long as short
Deribit ETH-PERPETUAL+0.0131%1h2,733.1+0.118%$259.3M$207.7M50xas long as short
Kalshi KXETHPERP+0.0148%8h2,731.9+0.073%$6.9M$692.3M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,732.4+0.092%$83.3M$311.5M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,734.2+0.158%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0199%1h2,730.9+0.035%$7.3M$1.3M25xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,733.1+0.115%$250K$1.4M20xas long as short
BloFin ETH-USDT+0.0382%8h2,731.9+0.071%$281.6M$174.8M150xas long as short