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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−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.014%
Price spread now: dYdX against RISEx+0.089%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−$230.231% of the position
Long on RISExShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.199%+$20 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.089%, 7d avg −0.013%
Together, before fees+0.164%+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.102% dearer against RISEx than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 4 days funding on this pair paid +0.199%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,724.40.0115pay 0.0014% / 1h46m 18s$5.6M$11.8M25x
ShortdYdX ETH-USD2,726.80get 0.0000% / 1h46m 18s$10.5M$42.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$24.16
Price spread: +0.089% → −0.013%
$10.19
Slippage, 4 orders
−$7.15
Fee RISEx: 3 bp × 2 orders
−$6
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$37.12
Costs to cover
0.231%
Break-even
never at this rate
Slippage from RISEx: live order book, 3 min ago; dYdX: live order book, 3 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, 3 min ago0.02 bp3.7 bp −$43.9 bp −$39293.7 bp −$29.4Kdoesn't fit
Sell dYdX live order book, 3 min ago2.20 bp7.2 bp −$711.3 bp −$11317.0 bp −$1,70429.4 bp −$14.7K

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
Perpl ETH−0.0112%43m2,725.1+0.025%$286K$5.8M8.3xas long as short
ApeX Omni ETHUSDT−0.0108%1h2,726.7+0.085%$8.6M$31.5M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.6+0.081%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,728.6+0.154%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724.5+0.004%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,730+0.206%$817K$3.0M25xas long as short
dYdX ETH-USDshort0.0000%1h2,726.8+0.089%$10.5M$42.9M50x
Kalshi KXETHPERP0.0000%8h2,726.6+0.081%$6.6M$691.2M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,725.1+0.026%$262.5M$214.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,724.9+0.017%$32.9M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0007%8h2,725.2+0.028%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,724.9+0.018%$191K$892K50xas long as short
BingX ETH-USDT+0.0031%8h2,724.1−0.010%—$1.12B—as long as short
Bybit ETHUSDT+0.0037%8h2,724.5+0.003%$2.34B$4.42B150xas long as short
Aftermath Perps ETHUSD+0.0069%1h2,728.2+0.141%$30K$20K20xas long as short
KuCoin ETHUSDTM+0.0077%8h2,723.8−0.021%$374.7M$576.1M100xas long as short
SunX ETH-USDT+0.0083%8h2,723.3−0.039%$954K$11.1M100xas long as short
Aster ETHUSDT+0.0087%8h2,724.4−0.002%$251.7M$850.0M200xas long as short
OKX ETH-USDT-SWAP+0.0092%8h2,724.5+0.002%$1.66B$10.93B100xas long as short
MEXC ETH_USDT+0.0095%8h2,724−0.015%$1.52B$2.58B500xas long as short
Binance ETHUSDT+0.0095%8h2,724.1−0.010%$6.32B$16.19B150xas long as short
Lighter ETH+0.0096%1h2,725.7+0.047%$111.9M$432.6M50xas long as short
Lighter RH ETH+0.0096%1h2,727+0.094%$23.4M$102.8M50xas long as short
Aevo ETH-PERP+0.0096%1h2,722.4−0.073%$4.9M$165K20xas long as short
SoDEX ETH-USD+0.0099%1h2,725.6+0.044%$54.3M$187.4M40xas long as short
Katana Perps ETH-USD+0.0100%8h2,723.8−0.022%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.3+0.216%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.6−0.030%$13.9M$105.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,726.1+0.062%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.076%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725.2+0.029%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.8+0.014%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,725.9+0.055%$161.8M$340.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,724.3−0.003%$3.27B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,724.5+0.004%$2.08B$2.80B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725+0.022%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.097%$133.2M$326.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,727.4+0.111%$184.9M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.1+0.101%$158.5M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,727.1+0.099%$21.0M$69.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,726+0.057%—$767K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.2+0.029%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,724−0.015%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,725.3+0.032%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,726.7+0.083%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,725.5+0.039%$262.7M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,723.9−0.019%$30.4M$74.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.6+0.044%—$30.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,725.6+0.045%$50.2M$4.31B50xas long as short
RISEx ETH/USDClong+0.0115%1h2,724.4long leg$5.6M$11.8M25x
Orderly PERP_ETH_USDC+0.0187%8h2,727.2+0.103%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0194%1h2,723.1−0.049%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,725.3+0.034%$83.2M$311.2M100xas long as short
Hibachi ETH/USDT-P+0.0272%1h2,730.9+0.239%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0381%8h2,725.1+0.026%$282.1M$174.9M150xas long as short