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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 06:40 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.062%
Price spread now: Perpl against RISEx−0.032%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on RISExShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.064%−$6 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.032%, 7d avg +0.011%
Together, before fees−0.031%+ Points / potential airdropPerpl: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.043% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,731.60.0115pay 0.0014% / 1h2m 47s$5.6M$11.6M25x
ShortPerpl ETH2,730.70get 0.0000% / 43m8m 47s$288K$5.8M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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: −0.032% → +0.011%
−$4.27
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$48.23
Costs to cover
0.198%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 1 min ago; Perpl: no order-book sample. Net counts fees only.

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, 1 min ago0.02 bp4.3 bp −$45.2 bp −$52279.5 bp −$28.0Kdoesn't fit
Sell Perpl no order-book sample—————
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff ETH-PERP−0.0080%1h2,731.4−0.006%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.096%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.7−0.067%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.104%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,731.3−0.011%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1−0.017%$6.7M$682.4M4.9xas long as short
Perpl ETHshort0.0000%43m2,730.7−0.032%$288K$5.8M8.3x
Deribit ETH-PERPETUAL0.0000%1h2,731−0.020%$262.5M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.2−0.015%$33.0M—200xas long as short
ApeX Omni ETHUSDT+0.0014%1h2,732.5+0.035%$8.6M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,731.6+0.001%$191K$890K50xas long as short
BingX ETH-USDC+0.0022%8h2,727.8−0.138%—$18.6M—as long as short
Bybit ETHUSDT+0.0027%8h2,728−0.132%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,730−0.059%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0068%8h2,728.3−0.118%$385.5M$577.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,730−0.057%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,728.1−0.127%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0082%8h2,728.7−0.105%$252.8M$846.9M200xas long as short
Phemex ETHUSDT+0.0091%8h2,730.1−0.053%$262.9M$64.5M150xas long as short
Bullet ETH-USD+0.0091%1h2,729.7−0.068%$188K$1.7M20xas long as short
Binance ETHUSDT+0.0094%8h2,728.2−0.122%$6.33B$16.11B150xas long as short
MEXC ETH_USDT+0.0095%8h2,728.2−0.124%$1.53B$2.61B500xas long as short
Lighter ETH+0.0096%1h2,730.9−0.026%$112.7M$439.4M50xas long as short
Lighter RH ETH+0.0096%1h2,732+0.014%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.153%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.7−0.032%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.8+0.117%$15.4M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.9−0.025%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.7−0.032%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.9+0.014%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.7−0.032%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.6+0.002%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.009%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.3−0.119%$3.30B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.2−0.124%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.2−0.088%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.035%$134.3M$320.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,732.3+0.028%$185.8M$683.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.5+0.033%$158.8M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,732+0.016%$21.0M$70.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,732+0.014%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,731.6+0.001%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6−0.037%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.039%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.9−0.059%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,732.7+0.042%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.3−0.158%$30.4M$73.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.6+0.001%—$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.5−0.003%$46.5M$4.30B50xas long as short
RISEx ETH/USDClong+0.0115%1h2,731.6long leg$5.6M$11.6M25x
Hibachi ETH/USDT-P+0.0120%1h2,731.7+0.006%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,732.2+0.024%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,729.1−0.091%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.5−0.038%$82.1M$309.7M100xas long as short
BloFin ETH-USDT+0.0319%8h2,730.2−0.049%$281.2M$176.0M150xas long as short