ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.014%

Price spread now: ApeX Omni against Arcus+0.094%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.120%−$12 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.094%, 7d avg −0.021%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.114% dearer against Arcus than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.021%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 25 days. At the pace of the last 4 days (−0.120% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,735.2	0.0100	pay 0.0013% / 1h	28m 49s	$1.5M	$16.0M	25x
Short	ApeX Omni ETHUSDT	2,737.8	0.0085	get 0.0011% / 1h	28m 49s	$8.7M	$31.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: −$3.18
Price spread: +0.094% → −0.021%: $11.44
Slippage, 4 orders: −$0.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.05
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; ApeX Omni: live order book, just now.

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 Arcus live order book, just now	0.04 bp	2.8 bp −$3	3.3 bp −$33	6.2 bp −$622	doesn't fit
Sell ApeX Omni live order book, just now	0.07 bp	5.1 bp −$5	5.6 bp −$56	21.3 bp −$2,130	72.4 bp −$36.2K

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	2,735.3	+0.001%	$297K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,738.6	+0.124%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,734.5	−0.026%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,739	+0.139%	$821K	$2.9M	25x	as long as short
HTX ETH-USDT	−0.0005%	8h	2,733	−0.082%	$1.06B	$1.20B	200x	as long as short
dYdX ETH-USD	+0.0004%	1h	2,735.6	+0.015%	$10.8M	$42.0M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,734.5	−0.024%	$28.1M	—	200x	as long as short
Bullet ETH-USD	+0.0026%	1h	2,734	−0.044%	$179K	$1.7M	20x	as long as short
BingX ETH-USDC	+0.0033%	8h	2,733.3	−0.069%	—	$18.5M	—	as long as short
Bybit ETHUSDT	+0.0041%	8h	2,734	−0.044%	$2.37B	$4.37B	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0048%	1h	2,735.1	−0.004%	$187K	$815K	50x	as long as short
KuCoin ETHUSDTM	+0.0068%	8h	2,734.2	−0.037%	$381.0M	$573.9M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0068%	1h	2,735.4	+0.007%	$259.5M	$200.2M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0076%	8h	2,734.3	−0.035%	$1.67B	$10.74B	100x	as long as short
SunX ETH-USDT	+0.0080%	8h	2,734.2	−0.037%	$959K	$11.2M	100x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,734.4	−0.030%	$251.1M	$842.1M	200x	as long as short
ApeX Omni ETHUSDTshort	+0.0085%	1h	2,737.8	+0.094%	$8.7M	$31.2M	100x
Phemex ETHUSDT	+0.0086%	8h	2,734.3	−0.033%	$265.1M	$65.1M	150x	as long as short
MEXC ETH_USDT	+0.0092%	8h	2,734.2	−0.037%	$1.55B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,734.2	−0.037%	$6.35B	$15.90B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,734.8	−0.016%	$112.8M	$432.4M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,735.9	+0.024%	$23.4M	$104.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,736.1	+0.031%	—	$30.9M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,731.7	−0.129%	$4.9M	$155K	20x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,735.8	+0.022%	$117K	$22.5M	52x	as long as short
SoDEX ETH-USD	+0.0097%	1h	2,734.2	−0.037%	$54.4M	$187.7M	40x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,739.4	+0.154%	$15.6M	$8.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,734.4	−0.030%	$505K	$3.3M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,735.1	−0.003%	$13.8M	$104.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,736.4	+0.044%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,736	+0.029%	$31.9M	$333.7M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,733.9	−0.048%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,735.2	long leg	$1.5M	$16.0M	25x
Bulk ETH-USD	+0.0100%	1h	2,736.4	+0.045%	$170.3M	$327.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,734	−0.043%	$3.33B	$8.89B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,734.1	−0.041%	$2.07B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,733.4	−0.067%	$15.2M	$40.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.4	+0.081%	$133.6M	$321.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.2	+0.035%	$184.1M	$671.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.1	+0.106%	$159.3M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,738	+0.102%	$21.1M	$69.2M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,735.8	+0.023%	—	$844K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,735.8	+0.022%	$11.2M	$9.3M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.6	−0.021%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,735.7	+0.016%	$41.3M	$29.9M	15x	as long as short
Extended ETH-USD	+0.0104%	1h	2,733.1	−0.078%	$30.6M	$73.1M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,735.1	−0.005%	$5.6M	$11.7M	25x	as long as short
Aftermath Perps ETHUSD	+0.0108%	1h	2,737	+0.066%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,735	−0.007%	$50.9M	$4.28B	50x	as long as short
Kalshi KXETHPERP	+0.0137%	8h	2,735.7	+0.018%	$6.5M	$684.2M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,734.9	−0.011%	$83.3M	$315.0M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0196%	8h	2,736.2	+0.036%	$32.2M	$11.7M	100x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,733.5	−0.064%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,738.3	+0.113%	$245K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0370%	8h	2,734.2	−0.036%	$283.1M	$175.1M	150x	as long as short