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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 UTC−0.0080%/8h= −8.7% APRnext payment −$0.80 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against Variational Omni−0.054%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 Variational OmniShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.036%−$4 on $10k
Price spread, last 7 days+0.074%+$7 · spread now −0.054%, 7d avg −0.009%
Together, before fees+0.037%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.045% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,782.70.0100pay 0.0100% / 8h49m 11s$147.8M$336.6M—
ShortOKX ETH-USDT-SWAP2,781.20.0020get 0.0020% / 8h49m 11s$1.70B$11.92B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$16.7
Price spread: −0.054% → −0.009%
−$4.54
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$31.23
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; OKX: live order book, 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 Variational Omni RFQ quote, 5 min ago0.54 bpdoesn't fit0.5 bp −$53.1 bp −$313doesn't fit
Sell OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.1 bp −$5097.3 bp −$3,657

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%43m2,782.8+0.004%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,781.7−0.034%$5.7M$11.9M25xas long as short
ApeX Omni ETHUSDT−0.0110%1h2,783.3+0.022%$8.8M$32.8M100xas long as short
Injective ETH/USDC PERP−0.0088%1h2,782.5−0.006%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,782.2−0.017%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0016%1h2,782.4−0.010%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0009%1h2,782.9+0.007%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,783.1+0.014%$12.8M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,783.6+0.033%$887K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,782.7+0.001%$22.5M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,781.9−0.028%—$17.4M—as long as short
OKX ETH-USDT-SWAPshort+0.0020%8h2,781.2−0.054%$1.70B$11.92B100x
Phemex ETHUSDT+0.0025%8h2,781.2−0.054%$271.0M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,782.70.000%$12.9M—200xas long as short
Aster ETHUSDT+0.0039%8h2,781.7−0.037%$256.7M$1.00B200xas long as short
Aevo ETH-PERP+0.0064%1h2,781.4−0.045%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0066%8h2,781.9−0.026%$1.60B$2.63B500xas long as short
Bitget ETHUSDT+0.0066%8h2,781−0.061%$2.10B$3.11B150xas long as short
Binance ETHUSDT+0.0066%8h2,781−0.060%$6.45B$17.28B150xas long as short
Deribit ETH-PERPETUAL+0.0070%1h2,782.4−0.011%$258.9M$222.8M50xas long as short
Bullet ETH-USD+0.0071%1h2,781.9−0.026%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0072%8h2,782−0.024%$3.31B$9.59B200xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,782.4−0.009%$60.4M$4.61B50xas long as short
KuCoin ETHUSDTM+0.0089%8h2,781.8−0.031%$423.0M$739.2M100xas long as short
HTX ETH-USDT+0.0090%8h2,780.9−0.064%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0090%8h2,781.3−0.050%$2.52B$4.64B150xas long as short
Lighter ETH+0.0096%1h2,781.9−0.029%$116.2M$495.7M50xas long as short
Lighter RH ETH+0.0096%1h2,783+0.013%$25.4M$120.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,782.8+0.004%—$41.9M500xas long as short
Vest ETH-PERP+0.0097%1h2,782.8+0.004%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,781.9−0.027%$16.0M$10.3M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,782.1−0.021%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,782.8+0.005%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,784.6+0.067%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,783.3+0.022%$31.3M$309.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,781.3−0.049%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,783+0.013%$2.7M$17.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,784.2+0.055%$168.3M$253.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,782−0.023%$15.1M$44.0M50xas long as short
Variational Omni ETHlong+0.0100%8h2,782.7long leg$147.8M$336.6M—
edgeX ETHUSDC+0.0100%4h2,783.9+0.044%$182.2M$781.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,783.7+0.038%$161.9M$89.9M50xas long as short
StandX ETH-USD+0.0100%1h2,784+0.048%$21.5M$58.3M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,783+0.012%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,780.5−0.079%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,783.1+0.015%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,781.6−0.038%$975K$13.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,780.8−0.067%$55.4M$229.0M40xas long as short
Extended ETH-USD+0.0104%1h2,780.5−0.078%$32.7M$77.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0122%1h2,782.2−0.018%$86.9M$333.3M100xas long as short
Kalshi KXETHPERP+0.0124%8h2,782.4−0.010%$8.5M$682.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,782.6−0.005%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0186%8h2,781−0.062%$284.9M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0198%1h2,781.8−0.031%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,785+0.083%$271K$1.5M20xas long as short