ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Ondo Perps against Bullet+0.003%46s7-day average −0.030% · you sell dearer than you buy

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

Long on Bullet Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days−0.208%−$21 · spread now +0.003%, 7d avg −0.030%

Together, before fees−0.159%+ Points / potential airdropOndo Perps: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.033% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ETH-USD	2,742.6	0.0074	pay 0.0009% / 1h	11m 35s	$182K	$1.7M	20x
Short	Ondo Perps ETH-USD.P	2,742.7	0.0100	get 0.0013% / 1h	11m 35s	$2.7M	$16.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bullet. 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 BulletbpFee Ondo PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: $5.51
Price spread: +0.003% → −0.030%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.19
Costs to cover: 0.130%
Break-even: 12.3 days

Slippage unknown: Bullet: live order book, 3 min ago; Ondo Perps: 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 Bullet live order book, 3 min ago	0.37 bp	5.9 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Hotstuff ETH-PERP	−0.0080%	1h	2,743.2	+0.021%	$5K	$1K	50x	as long as short
Injective ETH/USDC PERP	−0.0044%	1h	2,746.8	+0.152%	$118K	$22.5M	52x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,743	+0.015%	$12.1M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,743.2	+0.021%	$10.8M	$41.7M	50x	as long as short
Perpl ETH	0.0000%	43m	2,743.1	+0.015%	$304K	$5.6M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,743.1	+0.017%	$25.1M	—	200x	as long as short
Phoenix ETH	+0.0017%	1h	2,746.8	+0.152%	$848K	$2.9M	25x	as long as short
01 Exchange ETHUSD	+0.0024%	1h	2,745	+0.087%	$182K	$836K	50x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	2,744.4	+0.065%	$8.8M	$30.7M	100x	as long as short
BingX ETH-USDC	+0.0053%	8h	2,743.2	+0.022%	—	$18.4M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0067%	8h	2,744.7	+0.076%	$1.71B	$10.55B	100x	as long as short
KuCoin ETHUSDTM	+0.0070%	8h	2,742.8	+0.005%	$381.8M	$575.3M	100x	as long as short
Bullet ETH-USDlong	+0.0074%	1h	2,742.6	long leg	$182K	$1.7M	20x
RISEx ETH/USDC	+0.0077%	1h	2,745.3	+0.096%	$5.6M	$11.4M	25x	as long as short
Aster ETHUSDT	+0.0087%	8h	2,743.8	+0.044%	$253.9M	$840.8M	200x	as long as short
SoDEX ETH-USD	+0.0087%	1h	2,742.3	−0.012%	$54.6M	$187.6M	40x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,744.5	+0.069%	$6.38B	$15.68B	150x	as long as short
MEXC ETH_USDT	+0.0095%	8h	2,743.9	+0.047%	$1.57B	$2.56B	500x	as long as short
Lighter ETH	+0.0096%	1h	2,744.3	+0.060%	$112.9M	$435.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,744.4	+0.066%	$24.6M	$104.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.4	+0.030%	—	$30.4M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,741.4	−0.044%	$4.9M	$154K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,743.6	+0.035%	$56.6M	$4.25B	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,747	+0.161%	$16.0M	$7.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,744.4	+0.065%	$469K	$3.1M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743.3	+0.023%	$13.9M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,745.2	+0.094%	$3.12B	$2.06B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,744.4	+0.065%	$31.7M	$334.5M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,744.5	+0.069%	$2.45B	$4.17B	150x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,742.7	+0.003%	$2.7M	$16.8M	25x
Arcus ETH-USD	+0.0100%	1h	2,745.4	+0.100%	$2.8M	$16.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,746.6	+0.144%	$165.7M	$303.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,745	+0.086%	$3.39B	$8.77B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,744.2	+0.057%	$2.08B	$2.72B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,741.8	−0.031%	$15.0M	$39.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,746.6	+0.145%	$133.5M	$325.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,743.6	+0.034%	$182.4M	$665.2M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,743.7	+0.040%	$159.6M	$83.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,745.8	+0.116%	$21.2M	$67.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,744.1	+0.054%	—	$815K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,744.2	+0.057%	$11.0M	$8.8M	50x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,744.1	+0.055%	$41.5M	$29.6M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742	−0.022%	$961K	$11.5M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,742.6	−0.003%	$1.06B	$1.17B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.6	−0.001%	$266.6M	$64.9M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,743.2	+0.019%	$30.7M	$72.0M	50x	as long as short
Aftermath Perps ETHUSD	+0.0127%	1h	2,745.3	+0.098%	$30K	$20K	20x	as long as short
Kalshi KXETHPERP	+0.0159%	8h	2,743.8	+0.043%	$7.8M	$670.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0188%	1h	2,743.9	+0.047%	$259.8M	$195.4M	50x	as long as short
Orderly PERP_ETH_USDC	+0.0195%	8h	2,744.7	+0.076%	$32.3M	$11.4M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,743.3	+0.025%	$86.5M	$310.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0228%	1h	2,741.9	−0.027%	$7.3M	$1.2M	25x	as long as short
BloFin ETH-USDT	+0.0246%	8h	2,743	+0.014%	$285.6M	$180.9M	150x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,745.3	+0.099%	$252K	$1.4M	20x	as long as short
Bluefin ETH-PERP	+0.0421%	1h	2,743.3	+0.023%	$21K	$20K	25x	as long as short