ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against RISEx+0.054%7-day average +0.013% · 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−$13as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.054%, 7d avg +0.013%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.041% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,770.3	−0.0128	get 0.0016% / 1h	29m 36s	$5.6M	$11.1M	25x
Short	Coinbase International ETH-PERP-INTX	2,771.8	0.0080	get 0.0010% / 1h	29m 36s	$60.4M	$4.44B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee RISExbpFee Coinbase InternationalbpOrdersPrice spread, now +0.054%Rate

Funding earned: $43.62
Price spread: +0.054% → +0.013%: $4.08
Slippage, 4 orders: −$1.15
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $30.55
Costs to cover: 0.171%
Break-even: 2.1 days

Slippage from RISEx: live order book, 5 min ago; Coinbase International: live order book, 5 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 RISEx live order book, 5 min ago	0.02 bp	4.1 bp −$4	4.8 bp −$48	283.8 bp −$28.4K	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	7.3 bp −$729	19.7 bp −$9,837

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
Injective ETH/USDC PERP	−0.0752%	1h	2,772.9	+0.095%	$119K	$22.5M	52x	as long as short
RISEx ETH/USDClong	−0.0128%	1h	2,770.3	long leg	$5.6M	$11.1M	25x
Perpl ETH	−0.0112%	43m	2,769.8	−0.016%	$320K	$6.4M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,770.2	−0.002%	$5K	$1K	50x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,770.2	−0.002%	$168K	$1.1M	50x	as long as short
Phoenix ETH	−0.0003%	1h	2,771.1	+0.030%	$878K	$3.7M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,770.4	+0.005%	$12.2M	$45.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.6	+0.012%	$22.4M	—	200x	as long as short
Bullet ETH-USD	+0.0022%	1h	2,769.7	−0.019%	$184K	$1.7M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0025%	8h	2,770	−0.008%	$1.71B	$11.17B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ETH/USD [ETH-USDC]	L +0.0025% / S +0.0009%	1h	2,770.5	+0.008%	$12.7M	—	200x	as long as short
Phemex ETHUSDT	+0.0026%	8h	2,770.2	−0.003%	$269.6M	$67.5M	150x	as long as short
SoDEX ETH-USD	+0.0033%	1h	2,770	−0.009%	$55.2M	$188.0M	40x	as long as short
Aster ETHUSDT	+0.0041%	8h	2,770.3	+0.002%	$256.7M	$886.1M	200x	as long as short
MEXC ETH_USDT	+0.0054%	8h	2,769.6	−0.025%	$1.62B	$2.63B	500x	as long as short
Binance ETHUSDT	+0.0055%	8h	2,769.9	−0.011%	$6.48B	$16.35B	150x	as long as short
Aevo ETH-PERP	+0.0056%	1h	2,767.4	−0.104%	$5.0M	$165K	20x	as long as short
Aftermath Perps ETHUSD	+0.0066%	1h	2,771.4	+0.042%	$31K	$23K	20x	as long as short
Gate ETH_USDT	+0.0070%	8h	2,770.2	−0.002%	$3.36B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0072%	8h	2,770.2	−0.001%	$2.10B	$2.87B	150x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0080%	1h	2,771.8	+0.054%	$60.4M	$4.44B	50x
Vest ETH-PERP	+0.0082%	1h	2,770.1	−0.007%	—	$876K	50x	as long as short
KuCoin ETHUSDTM	+0.0083%	8h	2,770.8	+0.019%	$420.3M	$628.7M	100x	as long as short
HTX ETH-USDT	+0.0084%	8h	2,769.8	−0.017%	$1.08B	$1.25B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,770.4	+0.003%	$115.2M	$457.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.2	+0.069%	$25.7M	$111.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,771.7	+0.053%	$15.9M	$8.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.2	−0.002%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.1	−0.007%	$14.7M	$114.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773	+0.099%	$3.17B	$2.24B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,770.7	+0.017%	$31.2M	$325.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,769.9	−0.012%	$2.51B	$4.37B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.8	−0.017%	$2.8M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771	+0.026%	$2.8M	$16.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,769.8	−0.015%	$171.6M	$277.9M	25x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,769.8	−0.018%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772	+0.064%	$15.2M	$42.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,770.6	+0.011%	$140.2M	$345.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.3	+0.001%	$181.9M	$787.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	+0.024%	$161.1M	$84.5M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,771	+0.026%	$8.7M	$32.2M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768.5	−0.064%	$21.4M	$62.9M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,769.4	−0.031%	$10.6M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.8	+0.018%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.2	+0.070%	$42.6M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.3	−0.034%	$971K	$13.2M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,769.8	−0.018%	$31.0M	$74.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,770.1	−0.006%	—	$37.0M	500x	as long as short
Deribit ETH-PERPETUAL	+0.0111%	1h	2,771.6	+0.050%	$259.1M	$207.0M	50x	as long as short
Kalshi KXETHPERP	+0.0111%	8h	2,770.8	+0.019%	$8.0M	$682.3M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0134%	1h	2,771.9	+0.060%	$96.0M	$319.4M	100x	as long as short
Hibachi ETH/USDT-P	+0.0144%	1h	2,772.4	+0.079%	$253K	$1.5M	20x	as long as short
Orderly PERP_ETH_USDC	+0.0150%	8h	2,772.9	+0.093%	$32.6M	$11.2M	100x	as long as short
BloFin ETH-USDT	+0.0174%	8h	2,770.4	+0.004%	$287.6M	$182.0M	150x	as long as short
Reya ETHRUSDPERP	+0.0211%	1h	2,769.2	−0.038%	$7.3M	$1.2M	25x	as long as short