ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.024%

Price spread now: RISEx against Hyperliquid−0.073%50s7-day average −0.033% · you buy dearer than you sell

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−$180.177% of the position

Long on Hyperliquid Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.073%, 7d avg −0.033%

Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.039% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 50 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	Hyperliquid ETH	2,735.2	0.0100	pay 0.0013% / 1h	14m 38s	$3.10B	$2.05B	25x
Short	RISEx ETH/USDC	2,733.2	0.0108	get 0.0013% / 1h	14m 38s	$5.6M	$11.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Hyperliquid. 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 HyperliquidbpFee RISExbpOrdersPrice spread, now −0.073%Rate

Funding earned: $1.63
Price spread: −0.073% → −0.033%: −$3.95
Slippage, 4 orders: −$2.74
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.06
Costs to cover: 0.177%
Break-even: 93.4 days

Slippage from Hyperliquid: live order book, 10 min ago; RISEx: 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 Hyperliquid live order book, 10 min ago	0.18 bp	4.7 bp −$5	4.7 bp −$47	5.7 bp −$570	7.5 bp −$3,747
Sell RISEx live order book, 4 min ago	0.02 bp	3.0 bp −$3	3.6 bp −$36	doesn't fit	doesn't fit

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	2,732.1	−0.113%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,733.2	−0.073%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.5	−0.098%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,732.6	−0.095%	$819K	$3.0M	25x	as long as short
HTX ETH-USDT	0.0000%	8h	2,732.3	−0.106%	$1.05B	$1.22B	200x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,732.3	−0.107%	$10.4M	$42.6M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,732.7	−0.092%	$33.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,730.8	−0.161%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0034%	8h	2,734.1	−0.041%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,733.2	−0.073%	$193K	$850K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0044%	8h	2,733.7	−0.054%	$2.36B	$4.41B	150x	as long as short
Aftermath Perps ETHUSD	+0.0077%	1h	2,728.9	−0.232%	$30K	$20K	20x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,733.3	−0.070%	$375.4M	$578.0M	100x	as long as short
SunX ETH-USDT	+0.0081%	8h	2,732.2	−0.111%	$959K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0082%	1h	2,732.4	−0.104%	$181K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0092%	8h	2,733	−0.080%	$252.4M	$846.1M	200x	as long as short
Phemex ETHUSDT	+0.0092%	8h	2,732.4	−0.103%	$263.4M	$65.0M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,733.7	−0.053%	$112.8M	$436.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,735	−0.008%	$23.5M	$104.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.3	−0.179%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0098%	8h	2,733.7	−0.055%	$1.66B	$10.89B	100x	as long as short
Binance ETHUSDT	+0.0098%	8h	2,733.2	−0.072%	$6.34B	$16.12B	150x	as long as short
MEXC ETH_USDT	+0.0098%	8h	2,733.3	−0.069%	$1.54B	$2.60B	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,732.3	−0.106%	$505K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,737.8	+0.096%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,732.4	−0.104%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETHlong	+0.0100%	1h	2,735.2	long leg	$3.10B	$2.05B	25x
Pacifica ETH	+0.0100%	1h	2,734.1	−0.042%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,732.7	−0.091%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,734.6	−0.022%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.464%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,732.6	−0.095%	$3.29B	$9.05B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,734	−0.043%	$2.09B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.4	−0.101%	$15.0M	$42.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,731.7	−0.129%	$134.3M	$327.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,731.2	−0.148%	$185.1M	$680.5M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,731.6	−0.132%	$158.9M	$87.4M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,732.2	−0.111%	$8.7M	$31.4M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,732.2	−0.110%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.9	−0.047%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,733.9	−0.048%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,732.6	−0.094%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.1	−0.040%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,732.6	−0.095%	$54.4M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.8	−0.123%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.8	−0.087%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,733.8	−0.053%	$49.8M	$4.32B	50x	as long as short
RISEx ETH/USDCshort	+0.0108%	1h	2,733.2	−0.073%	$5.6M	$11.8M	25x
Deribit ETH-PERPETUAL	+0.0134%	1h	2,733.9	−0.049%	$259.3M	$207.7M	50x	as long as short
Kalshi KXETHPERP	+0.0146%	8h	2,732.8	−0.088%	$6.9M	$692.8M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,733.4	−0.067%	$83.2M	$311.6M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,734.6	−0.021%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0198%	1h	2,731.6	−0.131%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,733.5	−0.064%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0392%	8h	2,732.4	−0.102%	$281.6M	$174.9M	150x	as long as short