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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.020%
Price spread now: RISEx against Bluefin+0.038%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. RISEx is 0.038% dearer against Bluefin than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,747.70.0100pay 0.0013% / 1h16m 19s$21K$21K25x
ShortRISEx ETH/USDC2,748.7−0.0071pay 0.0009% / 1h16m 19s$5.7M$11.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$35.94
Price spread: +0.038% → 0.000%
$3.81
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$45.13
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; RISEx: live order book, 3 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 Bluefin no order-book sample—————
Sell RISEx live order book, 3 min ago0.02 bp3.5 bp −$34.9 bp −$49doesn't fitdoesn't fit
Bluefin: 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 54 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−0.0112%43m2,748+0.011%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,748.3+0.023%$5K$1K50xas long as short
RISEx ETH/USDCshort−0.0071%1h2,748.7+0.038%$5.7M$11.4M25x
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,748+0.013%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,747.2−0.017%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748.4+0.027%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.1+0.017%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0032%1h2,749+0.049%$181K$1.1M50xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,747.8+0.004%$8.7M$31.4M100xas long as short
BingX ETH-USDT+0.0038%8h2,747.8+0.004%—$1.17B—as long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0049%8h2,746.6−0.038%$1.69B$10.94B100xas long as short
HTX ETH-USDT+0.0060%8h2,747.4−0.010%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,746.4−0.045%$371.9M$610.1M100xas long as short
Aster ETHUSDT+0.0069%8h2,748+0.011%$253.8M$858.6M200xas long as short
MEXC ETH_USDT+0.0080%8h2,747.3−0.015%$1.56B$2.57B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.9−0.102%$4.9M$168K20xas long as short
Binance ETHUSDT+0.0080%8h2,747.3−0.015%$6.38B$16.21B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748+0.012%$58.9M$4.33B50xas long as short
Lighter ETH+0.0096%1h2,747.5−0.007%$113.1M$444.1M50xas long as short
Lighter RH ETH+0.0096%1h2,748.8+0.041%$24.9M$107.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.5+0.029%—$35.6M500xas long as short
Gate ETH_USDT+0.0096%8h2,748.1+0.017%$3.39B$8.92B200xas long as short
Bitget ETHUSDT+0.0096%8h2,747.1−0.021%$2.08B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,749.3+0.058%$30K$20K20xas long as short
Bullet ETH-USD+0.0099%1h2,748.1+0.016%$183K$1.7M20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.8+0.149%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,747.2−0.017%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,747.4−0.010%$14.0M$112.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.4+0.100%$3.13B$2.10B25xas long as short
Pacifica ETH+0.0100%1h2,748.6+0.033%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.6−0.038%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.4−0.009%$2.8M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749+0.049%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.1−0.021%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,748.7+0.038%$133.2M$345.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.3−0.048%$181.6M$704.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.6−0.001%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,748.1+0.016%$21.3M$68.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749+0.049%$10.7M$8.6M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,747.7long leg$21K$21K25x
Derive ETH-PERP+0.0100%1h2,748.8+0.043%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.2−0.017%$964K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747−0.024%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.1+0.017%$267.4M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.70.000%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,749.1+0.051%—$867K50xas long as short
Extended ETH-USD+0.0104%1h2,746.4−0.046%$30.5M$73.5M50xas long as short
Deribit ETH-PERPETUAL+0.0125%1h2,748.2+0.018%$258.5M$199.8M50xas long as short
Kalshi KXETHPERP+0.0145%8h2,748.7+0.038%$7.7M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,749.5+0.068%$32.3M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,749.1+0.053%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.3−0.049%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0221%1h2,748.1+0.016%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.7+0.002%$89.1M$316.9M100xas long as short