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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bulk against Variational Omni+0.073%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.063%−$6 · spread now +0.073%, 7d avg +0.003%
Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 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: Bulk is 0.070% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,775.90.0100pay 0.0100% / 8h55m 39s$147.5M$336.8M—
ShortBulk ETH-USD2,777.90.0100get 0.0013% / 1h55m 39s$168.1M$250.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Variational Omni. 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: +0.073% → +0.003%
$7.01
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$0.01
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bulk: live order book, 4 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 Variational Omni RFQ quote, 4 min ago0.58 bpdoesn't fit0.6 bp −$62.5 bp −$245doesn't fit
Sell Bulk live order book, 4 min ago0.02 bp3.5 bp −$43.5 bp −$354.1 bp −$4115.4 bp −$2,725

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−0.0447%43m2,782.6+0.242%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,783.1+0.258%$5.7M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,777.7+0.064%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,781.7+0.208%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,782.8+0.248%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,778.6+0.095%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,784.4+0.305%$12.8M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,778.7+0.100%$881K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,783.7+0.280%$22.5M—200xas long as short
BingX ETH-USDC+0.0014%8h2,782.5+0.236%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,782.7+0.245%$1.70B$11.90B100xas long as short
Phemex ETHUSDT+0.0020%8h2,783.3+0.264%$271.1M$68.8M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,783.6+0.276%$12.9M—200xas long as short
Bullet ETH-USD+0.0027%1h2,782.9+0.252%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0036%8h2,781.9+0.216%$255.0M$998.1M200xas long as short
ApeX Omni ETHUSDT+0.0049%1h2,776.4+0.015%$8.8M$32.7M100xas long as short
Nado ETH-PERP+0.0051%1h2,782.9+0.252%$14.3M$118.2M50xas long as short
MEXC ETH_USDT+0.0062%8h2,782.8+0.247%$1.60B$2.62B500xas long as short
Binance ETHUSDT+0.0062%8h2,783+0.255%$6.45B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,781.8+0.211%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,783+0.256%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,783.1+0.258%$3.31B$9.56B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,785.4+0.342%$60.3M$4.62B50xas long as short
HTX ETH-USDT+0.0088%8h2,783+0.254%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,782.8+0.249%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0091%8h2,782.5+0.236%$424.1M$739.3M100xas long as short
Vest ETH-PERP+0.0095%1h2,782.6+0.241%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,783+0.254%$116.3M$494.6M50xas long as short
Lighter RH ETH+0.0096%1h2,784.3+0.303%$25.4M$120.5M50xas long as short
Deribit ETH-PERPETUAL+0.0098%1h2,785.4+0.343%$258.8M$222.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,783.3+0.264%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.9+0.251%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.9+0.323%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.1+0.260%$31.3M$306.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781.6+0.205%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,784.5+0.309%$2.7M$17.1M25xas long as short
Bulk ETH-USDshort+0.0100%1h2,777.9+0.073%$168.1M$250.4M25x
Backpack ETH_USDC_PERP+0.0100%1h2,783.3+0.267%$15.1M$44.0M50xas long as short
Variational Omni ETHlong+0.0100%8h2,775.9long leg$147.5M$336.8M—
edgeX ETHUSDC+0.0100%4h2,776.8+0.033%$181.7M$779.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.9+0.035%$161.5M$90.7M50xas long as short
StandX ETH-USD+0.0100%1h2,780.4+0.161%$21.5M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783.9+0.287%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,784.2+0.299%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,786+0.362%$42.9M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,782.4+0.232%$976K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,783.9+0.287%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,782.5+0.238%$32.7M$77.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,783.5+0.272%—$41.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,785.1+0.330%$86.8M$332.6M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,782.6+0.241%$8.4M$681.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,786.3+0.373%$32.7M$12.0M100xas long as short
BloFin ETH-USDT+0.0181%8h2,780.3+0.159%$285.2M$195.1M150xas long as short
Reya ETHRUSDPERP+0.0197%1h2,782.7+0.244%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0296%1h2,781.9+0.214%$271K$1.5M20xas long as short