ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: RISEx against Reya+0.055%7-day average +0.035% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.055%, 7d avg +0.035%

Together, before fees−0.068%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.021% dearer against Reya than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.035%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 3 days (−0.042% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ETHRUSDPERP	2,735.8	0.0197	pay 0.0025% / 1h	5m 11s	$7.3M	$1.3M	25x
Short	RISEx ETH/USDC	2,737.3	0.0108	get 0.0013% / 1h	5m 11s	$5.6M	$11.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Reya. 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 ReyabpFee RISExbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$18.68
Price spread: +0.055% → +0.035%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$28.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; RISEx: live order book, 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell RISEx live order book, 4 min ago	0.02 bp	3.0 bp −$3	4.8 bp −$48	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2,736.6	+0.029%	$292K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,738.9	+0.115%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,736.9	+0.041%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,736.5	+0.027%	$817K	$3.0M	25x	as long as short
dYdX ETH-USD	+0.0005%	1h	2,737.5	+0.063%	$10.5M	$42.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,736.9	+0.042%	$33.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,735.4	−0.013%	$117K	$22.5M	52x	as long as short
HTX ETH-USDT	+0.0011%	8h	2,736.1	+0.013%	$1.05B	$1.22B	200x	as long as short
Deribit ETH-PERPETUAL	+0.0028%	1h	2,737.3	+0.058%	$259.1M	$208.9M	50x	as long as short
BingX ETH-USDT	+0.0036%	8h	2,736.5	+0.026%	—	$1.12B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0040%	1h	2,736.9	+0.042%	$190K	$876K	50x	as long as short
Bybit ETHUSDT	+0.0044%	8h	2,736	+0.009%	$2.35B	$4.42B	150x	as long as short
KuCoin ETHUSDTM	+0.0080%	8h	2,736.4	+0.024%	$376.0M	$577.9M	100x	as long as short
Bullet ETH-USD	+0.0083%	1h	2,736.4	+0.024%	$183K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0083%	1h	2,736.1	+0.011%	$30K	$20K	20x	as long as short
SunX ETH-USDT	+0.0095%	8h	2,736.3	+0.019%	$959K	$11.1M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,737.2	+0.052%	$112.7M	$438.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,738.4	+0.096%	$23.5M	$104.2M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,733.4	−0.085%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0098%	8h	2,736.3	+0.021%	$1.66B	$10.94B	100x	as long as short
Aster ETHUSDT	+0.0099%	8h	2,736.6	+0.033%	$253.2M	$848.6M	200x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,736.6	+0.031%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,741.6	+0.212%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,736.5	+0.028%	$14.2M	$105.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,739	+0.119%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,737.9	+0.079%	$32.1M	$334.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,736.2	+0.016%	$6.35B	$16.16B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.5	+0.064%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,737.4	+0.059%	$1.5M	$16.2M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,736.5	+0.026%	$3.28B	$9.09B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,736.5	+0.029%	$1.53B	$2.61B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,736.5	+0.028%	$2.09B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,736.7	+0.033%	$15.1M	$42.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,737.1	+0.050%	$135.0M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,736.2	+0.017%	$185.6M	$682.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,738.1	+0.086%	$159.3M	$87.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,736.7	+0.033%	$8.7M	$31.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,737.9	+0.078%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,738.3	+0.092%	—	$876K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,738	+0.082%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,736.8	+0.037%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,737.5	+0.063%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,736.3	+0.020%	$54.5M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,736.9	+0.043%	$264.0M	$65.1M	150x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,735.9	+0.006%	$162.8M	$321.5M	25x	as long as short
Extended ETH-USD	+0.0104%	1h	2,734.9	−0.033%	$30.3M	$74.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,738.3	+0.093%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,737.8	+0.074%	$50.3M	$4.33B	50x	as long as short
RISEx ETH/USDCshort	+0.0108%	1h	2,737.3	+0.055%	$5.6M	$11.8M	25x
Kalshi KXETHPERP	+0.0137%	8h	2,737.3	+0.056%	$6.9M	$693.2M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0175%	1h	2,737.2	+0.053%	$83.7M	$311.5M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,738	+0.081%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERPlong	+0.0197%	1h	2,735.8	long leg	$7.3M	$1.3M	25x
Hibachi ETH/USDT-P	+0.0288%	1h	2,738.3	+0.091%	$250K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,736.6	+0.032%	$280.1M	$175.4M	150x	as long as short