ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2255%/8h= −247.0% APRnext payment −$2.82 per $10,000 · paid last 24h +0.005%

Price spread now: Reya against Bluefin−1.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$68 a day on $10k at the current rate, and Reya is 1.022% cheaper against Bluefin than usual: you would sell low and buy high (−$102 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin ETH-PERP	2,759.6	0.2429	pay 0.0304% / 1h	42m 12s	$20K	$23K	25x
Short	Reya ETHRUSDPERP	2,731.4	0.0174	get 0.0022% / 1h	42m 12s	$7.3M	$972K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bluefin. 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 BluefinbpFee ReyabpOrdersPrice spread, now −1.022%Rate

Funding earned: −$473.65
Price spread: −1.022% → 0.000%: −$102.2
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$588.85
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Reya: no order-book sample. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Bluefin and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin ETH-USDT	−0.0140%	8h	2,730.4	−1.057%	$280.2M	$177.7M	150x	as long as short
Perpl ETH	−0.0112%	43m	2,731.3	−1.026%	$277K	$5.7M	8.3x	as long as short
Phemex ETHUSDT	−0.0091%	8h	2,732	−1.001%	$263.3M	$63.7M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731.3	−1.026%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0060%	8h	2,731.5	−1.020%	$1.05B	$1.21B	200x	as long as short
Bybit ETHUSDT	−0.0013%	8h	2,730.6	−1.052%	$2.32B	$4.31B	150x	as long as short
Phoenix ETH	−0.0012%	1h	2,733	−0.964%	$807K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.4	−0.986%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,732.6	−0.977%	$10.6M	$41.9M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.9	−1.004%	$6.7M	$672.0M	4.9x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	0.0000%	1h	2,732.3	−0.991%	$264.6M	$218.7M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,732.4	−0.987%	$33.0M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,732.8	−0.971%	$191K	$883K	50x	as long as short
SunX ETH-USDT	+0.0051%	8h	2,731	−1.037%	$940K	$10.7M	100x	as long as short
SoDEX ETH-USD	+0.0061%	1h	2,731.5	−1.018%	$54.4M	$182.5M	40x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,731.4	−1.022%	$239K	$1.4M	20x	as long as short
ApeX Omni ETHUSDT	+0.0078%	1h	2,730.8	−1.042%	$8.4M	$31.2M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0078%	8h	2,730.7	−1.047%	$1.65B	$10.73B	100x	as long as short
Aster ETHUSDT	+0.0082%	8h	2,731.1	−1.032%	$252.2M	$849.6M	200x	as long as short
Gate ETH_USDT	+0.0083%	8h	2,731.7	−1.010%	$3.28B	$8.24B	200x	as long as short
KuCoin ETHUSDTM	+0.0085%	8h	2,731.2	−1.031%	$383.3M	$576.0M	100x	as long as short
Binance ETHUSDT	+0.0092%	8h	2,731.1	−1.031%	$6.32B	$16.06B	150x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,730.8	−1.043%	$1.57B	$2.55B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,731.6	−1.016%	$112.6M	$401.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732.7	−0.976%	$23.7M	$95.9M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,731.9	−1.004%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.4	−1.095%	$4.9M	$195K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,732	−1.000%	$500K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.8	−0.899%	$15.4M	$7.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,731.5	−1.017%	$14.2M	$100.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.8	−0.899%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,732	−1.000%	$32.0M	$332.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,731.1	−1.033%	$2.7M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,732.4	−0.987%	$1.6M	$15.8M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,730.8	−1.045%	$2.11B	$2.75B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,730.1	−1.070%	—	$18.7M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.1	−1.033%	$15.2M	$39.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731	−1.035%	$131.5M	$316.0M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.1	−1.033%	$185.8M	$686.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−1.015%	$158.8M	$79.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.9	−1.004%	$21.0M	$70.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.6	−0.942%	—	$441K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.2	−0.957%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,732.2	−0.992%	$178K	$1.7M	20x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.8	−1.007%	$40.6M	$29.0M	15x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,730.8	−1.043%	$162.8M	$334.7M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,730.8	−1.044%	$30.5M	$71.2M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,732.2	−0.994%	$82.0M	$309.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0112%	1h	2,731.8	−1.009%	$30K	$20K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,732.6	−0.978%	$46.4M	$4.25B	50x	as long as short
RISEx ETH/USDC	+0.0137%	1h	2,733	−0.965%	$5.7M	$11.4M	25x	as long as short
Reya ETHRUSDPERPshort	+0.0174%	1h	2,731.4	−1.022%	$7.3M	$972K	25x
Orderly PERP_ETH_USDC	+0.0185%	8h	2,734	−0.929%	$32.2M	$11.3M	100x	as long as short
Injective ETH/USDC PERP	+0.0253%	1h	2,735.4	−0.877%	$293K	$20.1M	52x	as long as short
Bluefin ETH-PERPlong	+0.2429%	1h	2,759.6	long leg	$20K	$23K	25x