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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 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against SunX+0.048%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.048%, 7d avg +0.016%
Together, before fees+0.094%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,725.70.0055pay 0.0055% / 8h3h 07m$955K$11.2M100x
ShortVariational Omni ETH2,7270.0100get 0.0100% / 8h3h 07m$134.7M$322.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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
$9.39
Price spread: +0.048% → +0.016%
$3.29
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$4.69
Costs to cover
0.080%
Break-even
3.5 days
Slippage unknown: SunX: live order book, 11 min ago; Variational Omni: RFQ quote, 1 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 SunX live order book, 11 min ago0.61 bp6.3 bp −$66.3 bp −$638.5 bp −$85412.2 bp −$6,114
Sell Variational Omni RFQ quote, 1 min ago0.57 bpdoesn't fit0.6 bp −$63.0 bp −$299doesn't fit

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−0.0335%43m2,725.6−0.003%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.2+0.019%$5K$1K50xas long as short
HTX ETH-USDT−0.0019%8h2,726+0.013%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.8+0.040%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,728.7+0.111%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,726.8+0.041%$6.2M$685.9M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,726.8+0.040%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.041%$28.0M—200xas long as short
BingX ETH-USDT+0.0028%8h2,727.9+0.080%—$1.14B—as long as short
Bullet ETH-USD+0.0037%1h2,726.3+0.023%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0037%8h2,727.8+0.079%$2.36B$4.39B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,726.3+0.023%$186K$814K50xas long as short
SunX ETH-USDTlong+0.0055%8h2,725.7long leg$955K$11.2M100x
KuCoin ETHUSDTM+0.0066%8h2,727.2+0.056%$377.4M$574.7M100xas long as short
Aster ETHUSDT+0.0076%8h2,727.9+0.081%$252.3M$842.3M200xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,728+0.085%$1.67B$10.73B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.062%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0084%8h2,727.8+0.077%$1.56B$2.58B500xas long as short
Binance ETHUSDT+0.0084%8h2,727.8+0.079%$6.32B$15.95B150xas long as short
Phemex ETHUSDT+0.0087%8h2,726.4+0.028%$264.2M$64.2M150xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.087%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0091%1h2,726.4+0.026%$54.3M$187.8M40xas long as short
Lighter ETH+0.0096%1h2,728.4+0.101%$112.4M$436.0M50xas long as short
Lighter RH ETH+0.0096%1h2,729.6+0.145%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.1+0.016%—$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.188%$117K$22.5M52xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,728.4+0.099%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.5−0.007%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.4+0.062%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.6−0.004%$13.8M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,730+0.158%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.8+0.041%$31.8M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.029%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.4+0.025%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.093%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.3+0.097%$3.33B$8.96B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.3+0.094%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.7+0.036%$14.9M$41.6M50xas long as short
Variational Omni ETHshort+0.0100%8h2,727+0.048%$134.7M$322.9M—
edgeX ETHUSDC+0.0100%4h2,728.1+0.089%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.113%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,727.8+0.078%$21.0M$72.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,727+0.048%—$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.4+0.063%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.7+0.036%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.2+0.093%$40.9M$30.1M15xas long as short
Extended ETH-USD+0.0104%1h2,727.1+0.053%$30.6M$73.6M50xas long as short
RISEx ETH/USDC+0.0107%1h2,726.2+0.021%$5.6M$11.7M25xas long as short
Deribit ETH-PERPETUAL+0.0109%1h2,727.7+0.074%$258.4M$202.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.5+0.066%$50.4M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.3+0.058%$83.4M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.2+0.128%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.6−0.005%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,726.8+0.040%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0337%8h2,725.1−0.021%$281.4M$174.3M150xas long as short