ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.045%

Price spread now: ApeX Omni against Hibachi−0.055%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Hibachi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.055%, 7d avg −0.025%

Together, before fees+0.146%+ Points / potential airdropHibachi: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.031% cheaper against Hibachi than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi ETH/USDT-P	2,725.8	0.0064	pay 0.0008% / 1h	35m 23s	$239K	$1.4M	20x
Short	ApeX Omni ETHUSDT	2,724.3	0.0039	get 0.0005% / 1h	35m 23s	$8.5M	$31.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hibachi. 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 HibachibpFee ApeX OmnibpOrdersPrice spread, now −0.055%Rate

Funding earned: −$5.31
Price spread: −0.055% → −0.025%: −$3.07
Slippage, 4 orders: −$3.2
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.57
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Hibachi: 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 Hibachi live order book, 4 min ago	0.90 bp	6.3 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	0.07 bp	5.1 bp −$5	7.0 bp −$70	22.4 bp −$2,243	76.3 bp −$38.1K

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	2,725	−0.027%	$276K	$5.7M	8.3x	as long as short
BloFin ETH-USDT	−0.0181%	8h	2,723.8	−0.071%	$280.3M	$177.7M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,724	−0.065%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,725.1	−0.025%	$809K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,723.8	−0.071%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,725	−0.028%	$10.5M	$42.5M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,725.8	+0.001%	$6.6M	$682.2M	4.9x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,724.9	−0.033%	$262.6M	$212.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,723.9	−0.070%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0018%	8h	2,723.1	−0.096%	—	$1.09B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0022%	8h	2,723	−0.102%	$2.32B	$4.36B	150x	as long as short
HTX ETH-USDT	+0.0027%	8h	2,723.5	−0.084%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,724	−0.065%	$190K	$891K	50x	as long as short
ApeX Omni ETHUSDTshort	+0.0039%	1h	2,724.3	−0.055%	$8.5M	$31.6M	100x
Injective ETH/USDC PERP	+0.0050%	1h	2,729.5	+0.137%	$117K	$20.3M	52x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,724.7	−0.038%	$82.1M	$310.0M	100x	as long as short
Hibachi ETH/USDT-Plong	+0.0064%	1h	2,725.8	long leg	$239K	$1.4M	20x
KuCoin ETHUSDTM	+0.0072%	8h	2,723.4	−0.088%	$383.7M	$578.3M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,723	−0.100%	$1.65B	$10.84B	100x	as long as short
Aster ETHUSDT	+0.0077%	8h	2,723.2	−0.093%	$252.2M	$849.5M	200x	as long as short
SoDEX ETH-USD	+0.0084%	1h	2,723.8	−0.072%	$54.2M	$187.2M	40x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,721.1	−0.171%	$4.9M	$185K	20x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,723.4	−0.085%	$1.58B	$2.57B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,723.2	−0.094%	$6.30B	$16.17B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,724.6	−0.045%	$112.2M	$430.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,725.7	−0.001%	$23.4M	$102.1M	50x	as long as short
Aftermath Perps ETHUSD	+0.0099%	1h	2,727.8	+0.075%	$30K	$20K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.1	−0.098%	$500K	$3.6M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.3	+0.054%	$15.3M	$7.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,724	−0.065%	$14.1M	$105.1M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.3	+0.019%	$3.11B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,724.7	−0.039%	$31.9M	$333.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,723.3	−0.091%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,724.1	−0.061%	$1.6M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,726.2	+0.017%	$163.3M	$356.8M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,723.5	−0.083%	$3.30B	$8.88B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,723.8	−0.073%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,724.9	−0.033%	$15.0M	$41.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,724.1	−0.061%	$133.4M	$317.8M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,724.6	−0.044%	$185.3M	$682.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,727.6	+0.069%	$158.6M	$82.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,724.5	−0.047%	$20.9M	$70.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,725.4	−0.013%	—	$446K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,724.8	−0.036%	$11.2M	$9.5M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,723.4	−0.087%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,724.3	−0.052%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,726.6	+0.029%	$40.8M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,723.3	−0.092%	$955K	$10.9M	100x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,724.9	−0.033%	$262.7M	$64.5M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.7	−0.113%	$30.4M	$72.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,723.8	−0.071%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,725.2	−0.022%	$46.6M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,724	−0.064%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,722.9	−0.104%	$7.3M	$975K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0184%	8h	2,725.9	+0.006%	$32.1M	$11.2M	100x	as long as short