ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.020%

Price spread now: ApeX Omni against Deribit−0.176%74s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.200% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.176%, 7d avg −0.047%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.129% cheaper against Deribit than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.047%). If the spread goes back, that is −$13 on $10k: about 9.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour. The two prices were read 74 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	Deribit ETH-PERPETUAL	2,778.5	0.0045	pay 0.0006% / 1h	19m 41s	$258.4M	$222.4M	50x
Short	ApeX Omni ETHUSDT	2,773.6	0.0091	get 0.0011% / 1h	19m 41s	$8.8M	$32.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.176%Rate

Funding earned: $9.72
Price spread: −0.176% → −0.047%: −$12.94
Slippage, 4 orders: −$2.97
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.18
Costs to cover: 0.200%
Break-even: 23.7 days

Slippage from Deribit: live order book, 4 min ago; ApeX Omni: live order book, 4 min ago.

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 Deribit live order book, 4 min ago	0.09 bp	3.7 bp −$4	4.7 bp −$47	10.3 bp −$1,028	20.7 bp −$10.4K
Sell ApeX Omni live order book, 4 min ago	0.27 bp	6.5 bp −$6	8.3 bp −$83	29.5 bp −$2,949	86.5 bp −$43.3K

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	2,779.2	+0.027%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,778.5	+0.001%	$5.7M	$12.1M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,779.7	+0.043%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,771.8	−0.241%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,779	+0.018%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0019%	1h	2,777.5	−0.037%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,777.4	−0.039%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.6	+0.040%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,779.3	+0.027%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0017%	8h	2,777.7	−0.028%	—	$17.4M	—	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	+0.0019%	8h	2,776.5	−0.071%	$1.71B	$11.87B	100x	as long as short
Phemex ETHUSDT	+0.0019%	8h	2,777.5	−0.037%	$270.1M	$68.6M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,779.2	+0.026%	$13.0M	—	200x	as long as short
Bullet ETH-USD	+0.0038%	1h	2,778.6	+0.002%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,777.9	−0.023%	$256.7M	$992.0M	200x	as long as short
Deribit ETH-PERPETUALlong	+0.0045%	1h	2,778.5	long leg	$258.4M	$222.4M	50x
Nado ETH-PERP	+0.0058%	1h	2,778.5	0.000%	$14.4M	$118.1M	50x	as long as short
MEXC ETH_USDT	+0.0064%	8h	2,776.7	−0.064%	$1.62B	$2.67B	500x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,776	−0.090%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0065%	8h	2,776.6	−0.069%	$6.44B	$17.20B	150x	as long as short
Bitget ETHUSDT	+0.0070%	8h	2,776.6	−0.070%	$2.10B	$3.10B	150x	as long as short
Gate ETH_USDT	+0.0073%	8h	2,777.4	−0.040%	$3.29B	$9.64B	200x	as long as short
SoDEX ETH-USD	+0.0079%	1h	2,777	−0.054%	$55.3M	$228.9M	40x	as long as short
ApeX Omni ETHUSDTshort	+0.0091%	1h	2,773.6	−0.176%	$8.8M	$32.6M	100x
Bybit ETHUSDT	+0.0093%	8h	2,776.7	−0.066%	$2.51B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,777.5	−0.035%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,777	−0.053%	$115.2M	$502.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,779.1	+0.022%	$25.4M	$121.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,779.7	+0.044%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0097%	8h	2,776.9	−0.058%	$422.8M	$739.6M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,776.5	−0.072%	$16.0M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,778.6	+0.004%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,779.9	+0.050%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,777.1	−0.051%	$31.3M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,776.1	−0.086%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,778.2	−0.012%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,778.9	+0.015%	$165.9M	$253.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,777.3	−0.045%	$15.2M	$44.4M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,778.6	+0.004%	$136.7M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,772.2	−0.227%	$181.4M	$782.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,775	−0.125%	$161.4M	$91.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,778.8	+0.011%	$21.5M	$58.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,779.5	+0.036%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,780	+0.054%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.8	−0.024%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,779.2	+0.024%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,777.9	−0.021%	$972K	$14.0M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,776.9	−0.059%	$32.6M	$77.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,778.5	+0.001%	$60.0M	$4.61B	50x	as long as short
Kalshi KXETHPERP	+0.0126%	8h	2,779.6	+0.040%	$8.4M	$678.8M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0136%	8h	2,779.4	+0.034%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0169%	1h	2,778.5	0.000%	$86.1M	$332.3M	100x	as long as short
BloFin ETH-USDT	+0.0182%	8h	2,780.5	+0.071%	$286.0M	$195.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,778.5	0.000%	$7.4M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0216%	1h	2,781.9	+0.123%	$271K	$1.5M	20x	as long as short