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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−0.0021%/8h= −2.3% APRpaid last 24h −0.012%
Price spread now: OKX against RISEx−0.018%7-day average −0.011% · 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−$17as in the Price arb table
costs, in and out, $10k−$170.165% of the position
Long on RISExShort on OKX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.056%−$6 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.018%, 7d avg −0.011%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,728.80.0115pay 0.0014% / 1h53m 55s$5.6M$11.8M25x
ShortOKX ETH-USDT-SWAP2,728.30.0094get 0.0094% / 8h1h 53m$1.66B$10.93B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$4.42
Price spread: −0.018% → −0.011%
−$0.69
Slippage, 4 orders
−$0.55
Fee RISEx: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
−$21.66
Costs to cover
0.165%
Break-even
never at this rate
Slippage from RISEx: live order book, 5 min ago; OKX: 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 bp3.2 bp −$33.8 bp −$38289.2 bp −$28.9Kdoesn't fit
Sell OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.0 bp −$5026.4 bp −$3,177

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%43m2,728.6−0.006%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.6+0.031%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,731.5+0.101%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.9+0.007%$12.0M—200xas long as short
Phoenix ETH−0.0009%1h2,732.8+0.148%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6−0.004%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.5+0.028%$261.4M$212.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.3+0.019%$32.9M—200xas long as short
HTX ETH-USDT+0.0009%8h2,728.2−0.021%$1.05B$1.22B200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,731.3+0.094%$8.7M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0034%8h2,727.7−0.040%—$18.6M—as long as short
01 Exchange ETHUSD+0.0040%1h2,728.6−0.006%$190K$891K50xas long as short
Bybit ETHUSDT+0.0041%8h2,728.4−0.012%$2.34B$4.42B150xas long as short
SoDEX ETH-USD+0.0074%1h2,728.8+0.002%$54.4M$187.5M40xas long as short
KuCoin ETHUSDTM+0.0078%8h2,728.7−0.002%$374.7M$576.4M100xas long as short
Aftermath Perps ETHUSD+0.0086%1h2,732.3+0.132%$30K$20K20xas long as short
SunX ETH-USDT+0.0089%8h2,727.5−0.047%$956K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,728.5−0.010%$252.5M$849.5M200xas long as short
OKX ETH-USDT-SWAPshort+0.0094%8h2,728.3−0.018%$1.66B$10.93B100x
Lighter ETH+0.0096%1h2,729.4+0.025%$112.2M$431.3M50xas long as short
Lighter RH ETH+0.0096%1h2,730.2+0.052%$23.4M$102.7M50xas long as short
Aevo ETH-PERP+0.0096%1h2,726.4−0.085%$4.9M$156K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.9−0.031%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.5+0.139%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.7−0.039%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.9+0.077%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.2+0.016%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,728.7−0.002%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.9−0.031%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.7−0.002%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.228%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.6−0.007%$3.28B$8.92B200xas long as short
MEXC ETH_USDT+0.0100%8h2,728.5−0.011%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,728.3−0.016%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.9+0.005%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3+0.021%$134.0M$326.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.115%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.6+0.069%$158.7M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,730.1+0.049%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.7+0.035%—$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4+0.024%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.6−0.004%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,729.3+0.021%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.5+0.065%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.9+0.005%$263.1M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,728−0.027%$30.3M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,730+0.045%—$30.6M500xas long as short
Kalshi KXETHPERP+0.0106%8h2,728.8+0.002%$6.8M$692.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.1+0.048%$50.2M$4.32B50xas long as short
RISEx ETH/USDClong+0.0115%1h2,728.8long leg$5.6M$11.8M25x
Orderly PERP_ETH_USDC+0.0186%8h2,731.3+0.094%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,727−0.063%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.5+0.029%$83.4M$311.3M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,730.6+0.067%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,729.3+0.022%$281.5M$175.2M150xas long as short