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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 07:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Bullet against RISEx−0.021%7-day average +0.005% · 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−$21as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Long on RISExShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.051%−$5 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.021%, 7d avg +0.005%
Together, before fees−0.031%−$3 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 Bullet is 0.026% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,729.70.0115pay 0.0014% / 1h1m 44s$5.6M$11.6M25x
ShortBullet ETH-USD2,729.10.0091get 0.0011% / 1h1m 44s$188K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against RISEx. 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
−$5
Price spread: −0.021% → +0.005%
−$2.62
Slippage, 4 orders
−$4.22
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$25.85
Costs to cover
0.182%
Break-even
never at this rate
Slippage from RISEx: live order book, 2 min ago; Bullet: 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 RISEx live order book, 2 min ago0.02 bp4.3 bp −$45.2 bp −$52279.5 bp −$28.0Kdoesn't fit
Sell Bullet live order book, 2 min ago0.55 bp5.9 bp −$69.2 bp −$92doesn'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
Hotstuff ETH-PERP−0.0080%1h2,729.1−0.021%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.166%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.5−0.006%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.173%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,729.6−0.003%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,730.3+0.023%$6.7M$682.2M4.9xas long as short
Perpl ETH0.0000%43m2,728.4−0.049%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,730+0.012%$262.5M$213.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.5−0.005%$32.9M—200xas long as short
ApeX Omni ETHUSDT+0.0014%1h2,732.5+0.104%$8.6M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0022%8h2,728.6−0.038%—$18.6M—as long as short
01 Exchange ETHUSD+0.0024%1h2,729.6−0.003%$191K$890K50xas long as short
Bybit ETHUSDT+0.0026%8h2,728.9−0.028%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0029%8h2,728.9−0.028%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0069%8h2,729.2−0.016%$385.6M$577.7M100xas long as short
SoDEX ETH-USD+0.0070%1h2,729−0.025%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,729.1−0.021%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0080%8h2,729.2−0.018%$252.8M$847.3M200xas long as short
Bullet ETH-USDshort+0.0091%1h2,729.1−0.021%$188K$1.7M20x
Binance ETHUSDT+0.0093%8h2,729.3−0.013%$6.33B$16.12B150xas long as short
Phemex ETHUSDT+0.0094%8h2,729.3−0.013%$262.8M$64.5M150xas long as short
MEXC ETH_USDT+0.0094%8h2,729.4−0.012%$1.53B$2.61B500xas long as short
Lighter ETH+0.0096%1h2,730+0.013%$112.6M$439.6M50xas long as short
Lighter RH ETH+0.0096%1h2,731.1+0.050%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,726.4−0.119%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.9−0.028%$501K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.9+0.118%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.3−0.049%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.4+0.063%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730.3+0.023%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,728.7−0.036%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.6−0.003%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.078%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.5−0.008%$3.30B$9.06B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.3−0.015%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.2−0.018%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.104%$134.3M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.3+0.098%$185.8M$683.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.5+0.102%$158.8M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,732+0.085%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.9+0.045%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.4+0.027%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.4−0.010%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.108%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729−0.025%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,732.1+0.090%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,728.5−0.045%$30.4M$73.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.2−0.016%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.4+0.027%$46.5M$4.30B50xas long as short
RISEx ETH/USDClong+0.0115%1h2,729.7long leg$5.6M$11.6M25x
Hibachi ETH/USDT-P+0.0120%1h2,731.7+0.076%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,731.3+0.059%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0186%1h2,728.3−0.050%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.7+0.001%$82.1M$309.8M100xas long as short
BloFin ETH-USDT+0.0319%8h2,730.2+0.020%$281.2M$176.0M150xas long as short