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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.003%
Price spread now: RISEx against edgeX+0.021%55s7-day average +0.037% · 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—prices read too far apart to compare
costs, in and out, $10k−$170.173% of the position
Long on edgeXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.021%, 7d avg +0.037%
Together, before fees+0.014%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,742.90.0100pay 0.0050% / 4h1h 54m$181.7M$689.5M100x
ShortRISEx ETH/USDC2,743.50.0077get 0.0010% / 1h54m 03s$5.7M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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
−$4.89
Price spread: +0.021% → +0.037%
−$1.63
Slippage, 4 orders
−$2.32
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$23.83
Costs to cover
0.173%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; RISEx: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago0.25 bp5.4 bp −$55.4 bp −$545.7 bp −$5717.8 bp −$3,909
Sell RISEx live order book, 5 min ago0.02 bp4.2 bp −$45.2 bp −$52doesn't fitdoesn't fit

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
ApeX Omni ETHUSDT−0.0362%1h2,743+0.004%$8.7M$31.1M100xas long as short
Perpl ETH−0.0112%43m2,743.4+0.019%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,743.6+0.025%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.1+0.044%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.1+0.006%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.200%$847K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1+0.043%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2+0.009%$22.2M—200xas long as short
BingX ETH-USDT+0.0043%8h2,743+0.004%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0055%8h2,743.3+0.016%$1.70B$10.56B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0056%1h2,743.3+0.014%$183K$919K50xas long as short
KuCoin ETHUSDTM+0.0065%8h2,743.6+0.026%$378.9M$596.0M100xas long as short
Aster ETHUSDT+0.0074%8h2,743.8+0.033%$252.2M$840.8M200xas long as short
RISEx ETH/USDCshort+0.0077%1h2,743.5+0.021%$5.7M$11.2M25x
Aevo ETH-PERP+0.0080%1h2,741.6−0.047%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0082%8h2,743.4+0.019%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0084%8h2,743.2+0.012%$6.38B$15.71B150xas long as short
HTX ETH-USDT+0.0093%8h2,743.8+0.031%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,744.3+0.049%$112.9M$430.4M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.085%$24.7M$103.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.8+0.032%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.7+0.065%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.9+0.147%$16.2M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3+0.014%$485K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.1+0.005%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.9+0.073%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,743.7+0.029%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.4+0.019%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.5+0.022%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.6+0.023%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.3+0.014%$163.1M$304.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.3+0.013%$3.39B$8.64B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.5+0.020%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.7−0.009%$15.0M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,748+0.187%$132.7M$342.3M—as long as short
edgeX ETHUSDClong+0.0100%4h2,742.9long leg$181.7M$689.5M100x
GRVT ETH_USDT_Perp+0.0100%8h2,743.2+0.011%$159.5M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.5+0.204%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.3+0.051%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.6+0.025%$10.7M$8.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,742.7−0.008%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.2+0.046%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.5+0.096%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.2−0.025%$962K$11.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744+0.040%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4+0.016%$267.0M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742.7−0.007%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,746+0.112%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,745.5+0.096%$258.9M$195.4M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,744.9+0.073%$7.7M$669.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,746.7+0.137%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.7+0.065%$88.0M$309.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,742.4−0.018%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,749.7+0.246%$250K$1.4M20xas long as short