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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Variational Omni against SoDEX−0.023%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.026%+$3 on $10k
Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.023%, 7d avg +0.009%
Together, before fees+0.066%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,746.80.0100pay 0.0013% / 1h4m 34s$54.7M$187.7M40x
ShortVariational Omni ETH2,746.20.0100get 0.0100% / 8h6h 04m$132.8M$343.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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
$0
Price spread: −0.023% → +0.009%
−$3.24
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$11.24
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.9 bp −$58727.0 bp −$13.5K
Sell Variational Omni RFQ quote, 5 min ago0.49 bpdoesn't fit1.7 bp −$175.4 bp −$538doesn't fit

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
Perpl ETH−0.0112%43m2,746.6−0.009%$310K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,747.2+0.015%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.9+0.114%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.3+0.018%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.058%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.094%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.017%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,750+0.116%$182K$999K50xas long as short
BingX ETH-USDT+0.0041%8h2,749.6+0.101%—$1.17B—as long as short
OKX ETH-USDT-SWAP+0.0052%8h2,749.5+0.099%$1.70B$10.79B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,747.7+0.033%$369.8M$605.2M100xas long as short
Aster ETHUSDT+0.0071%8h2,748+0.045%$253.2M$849.8M200xas long as short
HTX ETH-USDT+0.0075%8h2,746.8+0.001%$1.06B$1.19B200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.050%$8.7M$31.4M100xas long as short
MEXC ETH_USDT+0.0080%8h2,749.2+0.086%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0080%1h2,744.6−0.080%$4.9M$167K20xas long as short
Binance ETHUSDT+0.0081%8h2,749.2+0.086%$6.39B$16.01B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.9+0.042%$58.7M$4.31B50xas long as short
Lighter ETH+0.0096%1h2,749.5+0.098%$113.2M$445.4M50xas long as short
Lighter RH ETH+0.0096%1h2,749.7+0.107%$24.8M$108.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.3+0.019%—$31.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,752.3+0.201%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749+0.080%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.9−0.034%$13.9M$108.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,750+0.116%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,749.6+0.102%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749.3+0.091%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.8+0.073%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,750+0.115%$2.8M$16.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,749.9+0.111%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,749.6+0.102%$2.08B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.9−0.033%$15.0M$41.5M50xas long as short
Variational Omni ETHshort+0.0100%8h2,746.2−0.023%$132.8M$343.9M—
edgeX ETHUSDC+0.0100%4h2,745.3−0.056%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,743.3−0.128%$159.5M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,747.1+0.011%$21.2M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,747.8+0.036%—$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.029%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.9+0.002%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,747+0.007%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.7+0.068%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.3−0.018%$963K$12.1M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,746.8long leg$54.7M$187.7M40x
Phemex ETHUSDT+0.0100%8h2,746.9+0.005%$267.5M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.021%$164.3M$302.6M25xas long as short
Aftermath Perps ETHUSD+0.0103%1h2,746.80.000%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,748.9+0.077%$30.6M$73.2M50xas long as short
Kalshi KXETHPERP+0.0148%8h2,747.2+0.015%$7.8M$672.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0179%8h2,749.4+0.093%$32.3M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0201%1h2,748.3+0.056%$258.9M$198.1M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.7−0.076%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.7−0.004%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,748.2+0.051%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.7+0.032%$88.2M$315.1M100xas long as short