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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h −0.004%
Price spread now: RISEx against Extended+0.025%7-day average +0.055% · 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−$17as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on ExtendedShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days+0.012%+$1 · spread now +0.025%, 7d avg +0.055%
Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and RISEx is 0.031% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,744.70.0104pay 0.0013% / 1h42m 28s$30.9M$74.8M50x
ShortRISEx ETH/USDC2,745.4−0.0071pay 0.0009% / 1h42m 28s$5.5M$11.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Extended. 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
−$36.78
Price spread: +0.025% → +0.055%
−$3.07
Slippage, 4 orders
−$2.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$53.58
Costs to cover
0.137%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; RISEx: live order book, 2 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 Extended live order book, 2 min ago0.18 bp3.2 bp −$33.8 bp −$386.4 bp −$64416.2 bp −$8,112
Sell RISEx live order book, 2 min ago0.02 bp3.0 bp −$33.6 bp −$36doesn't fitdoesn't fit

ETH on 55 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−0.0447%43m2,746.1+0.052%$313K$6.1M8.3xas long as short
ApeX Omni ETHUSDT−0.0149%1h2,751+0.229%$8.8M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,745.8+0.040%$5K$1K50xas long as short
RISEx ETH/USDCshort−0.0071%1h2,745.4+0.025%$5.5M$11.3M25x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4−0.009%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,749.7+0.182%$864K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,746.6+0.069%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,744.5−0.007%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,745.6+0.033%$180K$1.1M50xas long as short
Deribit ETH-PERPETUAL+0.0026%1h2,750.6+0.215%$258.4M$202.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0028%8h2,744.2−0.019%—$1.20B—as long as short
OKX ETH-USDT-SWAP+0.0037%8h2,744.2−0.019%$1.68B$11.09B100xas long as short
Aster ETHUSDT+0.0057%8h2,745.3+0.023%$255.5M$857.2M200xas long as short
HTX ETH-USDT+0.0058%8h2,749.1+0.159%$1.07B$1.22B200xas long as short
Aevo ETH-PERP+0.0064%1h2,741.9−0.103%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0066%8h2,745.6+0.033%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0067%8h2,743.8−0.031%$6.34B$16.33B150xas long as short
Gate ETH_USDT+0.0074%8h2,745.9+0.043%$3.35B$8.77B200xas long as short
KuCoin ETHUSDTM+0.0077%8h2,744.9+0.006%$381.6M$607.9M100xas long as short
Bitget ETHUSDT+0.0086%8h2,744.4−0.010%$2.07B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.4+0.209%$59.6M$4.40B50xas long as short
Lighter ETH+0.0096%1h2,745.5+0.028%$113.1M$440.0M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.084%$25.0M$106.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746+0.046%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,750.2+0.199%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,748.9+0.154%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.011%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.3+0.021%$14.0M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.7+0.110%$3.12B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,746+0.048%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,744.4−0.011%$2.47B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8+0.004%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,746+0.047%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.244%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.2+0.091%$14.9M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,750+0.193%$133.2M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,750.8+0.223%$184.4M$736.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2+0.127%$159.8M$83.1M50xas long as short
StandX ETH-USD+0.0100%1h2,751.1+0.233%$21.3M$66.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,747+0.085%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4+0.026%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8−0.033%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.1−0.020%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.9+0.043%$41.9M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,750.9+0.225%$965K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.5+0.175%$54.8M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,749.9+0.188%$267.6M$66.3M150xas long as short
Extended ETH-USDlong+0.0104%1h2,744.7long leg$30.9M$74.8M50x
Kalshi KXETHPERP+0.0135%8h2,752.3+0.277%$7.7M$673.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0163%8h2,746.7+0.071%$32.3M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0176%1h2,751.9+0.262%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.297%$285.0M$179.1M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,751.8+0.259%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0218%1h2,745.4+0.026%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,750.3+0.204%$92.9M$316.0M100xas long as short