ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0141%/8h= +15.4% APRnext payment +$0.18 per $10,000 · paid last 24h −0.028%

Price spread now: Injective against RISEx+0.128%7-day average +0.057% · 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−$62as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.128%, 7d avg +0.057%

Together, before fees−0.429%−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.071% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 4 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ETH/USDC	2,743.8	0.0167	pay 0.0021% / 1h	17m 13s	$5.6M	$10.6M	25x
Short	Injective ETH/USDC PERP	2,747.3	0.0308	get 0.0039% / 1h	17m 13s	$118K	$23.9M	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.128%Rate

Funding earned: $29.57
Price spread: +0.128% → +0.057%: $7.06
Slippage, 4 orders: −$62.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$32.18
Costs to cover: 0.688%
Break-even: 14.6 days

Slippage from RISEx: live order book, 5 min ago; Injective: 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	0.20 bp	4.8 bp −$5	6.0 bp −$60	310.0 bp −$31.0K	doesn't fit
Sell Injective live order book, 5 min ago	16.38 bp	44.4 bp −$44	45.4 bp −$454	45.5 bp −$4,549	doesn't fit

ETH on 54 exchanges

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
Hibachi ETH/USDT-P	−0.0096%	1h	2,743.6	−0.005%	$235K	$1.3M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,742.9	−0.032%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0044%	1h	2,742.6	−0.042%	$8.3M	$27.2M	100x	as long as short
Bybit ETHUSDT	−0.0028%	8h	2,742.7	−0.040%	$2.36B	$3.90B	150x	as long as short
Phoenix ETH	−0.0023%	1h	2,743.9	+0.004%	$807K	$2.9M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,740.9	−0.105%	$12.0M	—	200x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,743.4	−0.014%	$7.0M	$661.0M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,743.3	−0.017%	$269K	$5.1M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,743.1	−0.026%	$33.1M	—	200x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,743.7	−0.003%	$195K	$934K	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ETH-USD	+0.0054%	1h	2,743.2	−0.022%	$14.8M	$42.9M	50x	as long as short
Gate ETH_USDT	+0.0061%	8h	2,743	−0.029%	$3.26B	$7.88B	200x	as long as short
OKX ETH-USDT-SWAP	+0.0068%	8h	2,742.7	−0.042%	$1.67B	$9.47B	100x	as long as short
Aster ETHUSDT	+0.0073%	8h	2,742.7	−0.039%	$256.2M	$734.7M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0078%	1h	2,744	+0.008%	$267.4M	$192.1M	50x	as long as short
MEXC ETH_USDT	+0.0079%	8h	2,742.9	−0.034%	$1.59B	$2.52B	500x	as long as short
Binance ETHUSDT	+0.0080%	8h	2,742.8	−0.035%	$6.38B	$14.44B	150x	as long as short
Kraken Futures PF_ETHUSD	+0.0080%	1h	2,743.4	−0.016%	$82.1M	$279.4M	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,740.5	−0.119%	$4.9M	$211K	20x	as long as short
KuCoin ETHUSDTM	+0.0084%	8h	2,743	−0.030%	$366.1M	$454.8M	100x	as long as short
Aftermath Perps ETHUSD	+0.0091%	1h	2,741.8	−0.072%	$30K	$8K	20x	as long as short
Lighter ETH	+0.0096%	1h	2,743.4	−0.015%	$113.9M	$390.3M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,744.6	+0.029%	$23.8M	$98.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,743.3	−0.017%	—	$23.7M	500x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,742.5	−0.047%	$506K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,743	−0.030%	$14.5M	$97.0M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,743.9	+0.004%	$32.1M	$324.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,742.5	−0.047%	$2.8M	$14.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,743.7	−0.004%	$1.5M	$14.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,742.8	−0.036%	$164.7M	$334.7M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,743.2	−0.023%	$2.11B	$2.37B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,743.3	−0.019%	—	$950.9M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,742.8	−0.036%	$14.9M	$36.9M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,740.5	−0.121%	$132.1M	$302.2M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,740.3	−0.129%	$186.0M	$633.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,740.4	−0.124%	$159.3M	$73.0M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,743.5	−0.011%	$21.1M	$72.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,744.9	+0.039%	—	$346K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,744.4	+0.022%	$11.2M	$8.7M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,743.1	−0.025%	$177K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,742.8	−0.036%	$945K	$9.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,742.9	−0.032%	$61.8M	$121.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,743.2	−0.021%	$1.05B	$1.08B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,742.8	−0.036%	$263.8M	$57.6M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,741.9	−0.069%	$30.4M	$66.0M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,743.9	+0.005%	$45.6M	$3.93B	50x	as long as short
Hyperliquid ETH	+0.0136%	1h	2,746.3	+0.091%	$3.16B	$1.78B	25x	as long as short
Reya ETHRUSDPERP	+0.0160%	1h	2,741.9	−0.067%	$7.3M	$870K	25x	as long as short
RISEx ETH/USDClong	+0.0167%	1h	2,743.8	long leg	$5.6M	$10.6M	25x
Orderly PERP_ETH_USDC	+0.0175%	8h	2,744.9	+0.041%	$32.4M	$10.0M	100x	as long as short
BloFin ETH-USDT	+0.0227%	8h	2,742.8	−0.036%	$282.4M	$156.6M	150x	as long as short
Injective ETH/USDC PERPshort	+0.0308%	1h	2,747.3	+0.128%	$118K	$23.9M	52x
Paradex ETH-USD-PERP	+0.0324%	8h	2,747.2	+0.126%	$15.8M	$6.5M	50x	as long as short
Bluefin ETH-PERP	+0.0981%	1h	2,743.7	−0.003%	$20K	$15K	25x	as long as short