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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 01:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h 0.000%
Price spread now: Deribit against Variational Omni+0.054%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.011%−$1 on $10k
Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.054%, 7d avg +0.045%
Together, before fees−0.029%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,769.20.0100pay 0.0100% / 8h7h 11m$134.1M$347.1M—
ShortDeribit ETH-PERPETUAL2,770.60.0183get 0.0023% / 1h11m 01s$259.1M$202.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$17.43
Price spread: +0.054% → +0.045%
$0.89
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$11.32
Costs to cover
0.070%
Break-even
2.5 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 3 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, 3 min ago0.49 bpdoesn't fit0.5 bp −$51.6 bp −$157doesn't fit
Sell Deribit live order book, 3 min ago0.09 bp4.3 bp −$45.3 bp −$5313.2 bp −$1,31731.1 bp −$15.5K

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
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.168%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.8+0.023%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.4+0.008%$326K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.1+0.034%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.8+0.023%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.5+0.048%$872K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.026%$12.3M$43.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.8+0.024%$22.4M—200xas long as short
Bullet ETH-USD+0.0014%1h2,769.3+0.005%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0030%8h2,771.5+0.084%$1.71B$11.02B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0040%1h2,769.2+0.002%$55.2M$187.7M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,769.7+0.019%$12.7M—200xas long as short
Aster ETHUSDT+0.0050%8h2,770.3+0.041%$256.2M$860.7M200xas long as short
Binance ETHUSDT+0.0060%8h2,770.6+0.051%$6.48B$16.12B150xas long as short
MEXC ETH_USDT+0.0061%8h2,769.5+0.011%$1.61B$2.66B500xas long as short
Aevo ETH-PERP+0.0064%1h2,766.5−0.096%$5.0M$156K20xas long as short
HTX ETH-USDT+0.0073%8h2,769−0.004%$1.07B$1.23B200xas long as short
Bitget ETHUSDT+0.0078%8h2,772+0.102%$2.10B$2.83B150xas long as short
Aftermath Perps ETHUSD+0.0079%1h2,770.4+0.044%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.4+0.044%$60.3M$4.40B50xas long as short
Gate ETH_USDT+0.0081%8h2,769.6+0.016%$3.38B$9.10B200xas long as short
Vest ETH-PERP+0.0083%1h2,769.9+0.028%—$876K50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,769.2+0.001%$420.1M$595.7M100xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,769.3+0.005%$8.6M$32.0M100xas long as short
Phemex ETHUSDT+0.0095%8h2,769.3+0.005%$269.5M$66.0M150xas long as short
Lighter ETH+0.0096%1h2,770+0.030%$115.1M$459.9M50xas long as short
Lighter RH ETH+0.0096%1h2,771.1+0.068%$25.5M$112.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.1+0.143%$15.9M$8.4M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.3+0.005%$485K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.8+0.024%$14.5M$113.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,772+0.103%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,769.5+0.014%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7+0.091%$2.51B$4.28B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.9−0.009%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.2+0.037%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.203%$172.0M$292.0M25xas long as short
BingX ETH-USDC+0.0100%8h2,769.1−0.001%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.3+0.007%$15.2M$41.7M50xas long as short
Variational Omni ETHlong+0.0100%8h2,769.2long leg$134.1M$347.1M—
edgeX ETHUSDC+0.0100%4h2,769−0.007%$181.8M$786.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.4+0.080%$161.1M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,771.5+0.085%$21.4M$64.1M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.6+0.016%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.7+0.019%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771+0.067%$42.5M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,768.3−0.030%$971K$12.8M100xas long as short
Extended ETH-USD+0.0104%1h2,771.4+0.082%$30.9M$74.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.7+0.020%—$36.1M500xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.3+0.041%$8.1M$674.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.7+0.057%$97.9M$314.5M100xas long as short
Orderly PERP_ETH_USDC+0.0156%8h2,771.8+0.094%$32.7M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0160%1h2,770.4+0.044%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0180%8h2,769.1−0.001%$287.7M$177.7M150xas long as short
Deribit ETH-PERPETUALshort+0.0183%1h2,770.6+0.054%$259.1M$202.3M50x
Reya ETHRUSDPERP+0.0214%1h2,769.8+0.024%$7.3M$1.1M25xas long as short