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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.003%
Price spread now: edgeX against RISEx−0.021%55s7-day average −0.037% · 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−$170.173% of the position
Long on RISExShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.008%−$1 on $10k
Price spread, last 7 days−0.006%−$1 · spread now −0.021%, 7d avg −0.037%
Together, before fees−0.014%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,743.50.0077pay 0.0010% / 1h53m 58s$5.7M$11.2M25x
ShortedgeX ETHUSDC2,742.90.0100get 0.0050% / 4h1h 53m$181.7M$689.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$4.89
Price spread: −0.021% → −0.037%
$1.63
Slippage, 4 orders
−$2.32
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$10.8
Costs to cover
0.173%
Break-even
22.5 days
Slippage from RISEx: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago0.02 bp3.0 bp −$33.9 bp −$39279.9 bp −$28.0Kdoesn't fit
Sell edgeX live order book, 5 min ago0.25 bp4.8 bp −$54.8 bp −$484.9 bp −$4896.0 bp −$2,989

ETH on 54 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
ApeX Omni ETHUSDT−0.0362%1h2,743−0.017%$8.7M$31.1M100xas long as short
Perpl ETH−0.0112%43m2,743.4−0.002%$306K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,743.6+0.005%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,744.1+0.023%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.1−0.015%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.179%$847K$2.9M25xas long as short
dYdX ETH-USD0.0000%1h2,744.1+0.022%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,743.2−0.012%$22.2M—200xas long as short
BingX ETH-USDT+0.0043%8h2,743−0.017%—$1.16B—as long as short
OKX ETH-USDT-SWAP+0.0055%8h2,743.3−0.005%$1.70B$10.56B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0056%1h2,743.3−0.006%$183K$919K50xas long as short
KuCoin ETHUSDTM+0.0065%8h2,743.6+0.005%$378.9M$596.0M100xas long as short
Aster ETHUSDT+0.0074%8h2,743.8+0.013%$252.2M$840.8M200xas long as short
RISEx ETH/USDClong+0.0077%1h2,743.5long leg$5.7M$11.2M25x
Aevo ETH-PERP+0.0080%1h2,741.6−0.068%$4.9M$159K20xas long as short
MEXC ETH_USDT+0.0082%8h2,743.4−0.002%$1.56B$2.51B500xas long as short
Binance ETHUSDT+0.0084%8h2,743.2−0.009%$6.38B$15.71B150xas long as short
HTX ETH-USDT+0.0093%8h2,743.8+0.010%$1.06B$1.18B200xas long as short
Lighter ETH+0.0096%1h2,744.3+0.029%$112.9M$430.4M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.065%$24.7M$103.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.8+0.012%—$30.9M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.7+0.045%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,746.9+0.126%$16.2M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.3−0.006%$485K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,743.1−0.015%$13.9M$106.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.9+0.052%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,743.7+0.008%$31.6M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.4−0.002%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.5+0.001%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,743.6+0.003%$2.7M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.3−0.006%$163.1M$304.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.3−0.008%$3.39B$8.64B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.5−0.001%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.7−0.030%$15.0M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,748+0.166%$132.7M$342.3M—as long as short
edgeX ETHUSDCshort+0.0100%4h2,742.9−0.021%$181.7M$689.5M100x
GRVT ETH_USDT_Perp+0.0100%8h2,743.2−0.009%$159.5M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.5+0.183%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.3+0.030%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.6+0.005%$10.7M$8.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,742.7−0.028%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.2+0.026%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.5+0.076%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.2−0.046%$962K$11.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744+0.019%$54.6M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,743.4−0.005%$267.0M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742.7−0.027%$30.6M$72.5M50xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,746+0.091%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0147%1h2,745.5+0.075%$258.9M$195.4M50xas long as short
Kalshi KXETHPERP+0.0149%8h2,744.9+0.052%$7.7M$669.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,746.7+0.116%$32.3M$11.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,744.7+0.045%$88.0M$309.0M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,742.4−0.038%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,749.7+0.225%$250K$1.4M20xas long as short