ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.85 per $10,000 · paid last 24h +0.028%

Price spread now: Orderly against Variational Omni+0.032%7-day average +0.084% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.032%, 7d avg +0.084%

Together, before fees+0.116%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.084%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETH	2,731.6	0.0100	pay 0.0100% / 8h	41m 03s	$134.1M	$318.3M	—
Short	Orderly PERP_ETH_USDC	2,732.5	0.0185	get 0.0185% / 8h	41m 03s	$32.2M	$11.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersPrice spread, now +0.032%Rate

Funding earned: $17.75
Price spread: +0.032% → +0.084%: −$5.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.5
Costs to cover: 0.060%
Break-even: 4.4 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 3 min ago	0.48 bp	doesn't fit	0.5 bp −$5	3.7 bp −$370	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ETH-USDT	−0.0188%	8h	2,730.2	−0.054%	$280.6M	$177.9M	150x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,731	−0.023%	$5K	$1K	50x	as long as short
Phoenix ETH	−0.0015%	1h	2,732.8	+0.043%	$811K	$3.0M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,730.5	−0.041%	$11.9M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,731.3	−0.014%	$10.5M	$42.6M	50x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,731.6	−0.001%	$6.4M	$681.6M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,730.5	−0.040%	$286K	$5.7M	8.3x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,730.8	−0.029%	$262.6M	$212.4M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,730.6	−0.039%	$32.9M	—	200x	as long as short
BingX ETH-USDT	+0.0019%	8h	2,730	−0.060%	—	$1.10B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0023%	8h	2,729.2	−0.091%	$2.33B	$4.36B	150x	as long as short
HTX ETH-USDT	+0.0028%	8h	2,730.1	−0.058%	$1.05B	$1.22B	200x	as long as short
01 Exchange ETHUSD	+0.0032%	1h	2,731	−0.023%	$191K	$889K	50x	as long as short
Injective ETH/USDC PERP	+0.0050%	1h	2,731.5	−0.005%	$117K	$20.2M	52x	as long as short
ApeX Omni ETHUSDT	+0.0057%	1h	2,731.2	−0.015%	$8.6M	$31.6M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0060%	1h	2,730.4	−0.044%	$82.1M	$309.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0072%	8h	2,729.9	−0.063%	$383.8M	$577.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0072%	1h	2,732.8	+0.042%	$242K	$1.4M	20x	as long as short
OKX ETH-USDT-SWAP	+0.0074%	8h	2,729	−0.095%	$1.65B	$10.84B	100x	as long as short
Aster ETHUSDT	+0.0081%	8h	2,729.9	−0.064%	$252.8M	$849.3M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,730.1	−0.056%	$1.56B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0094%	8h	2,729.7	−0.070%	$6.32B	$16.15B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,730.8	−0.030%	$112.6M	$429.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,732	+0.015%	$23.5M	$102.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,729.1	−0.092%	$4.9M	$183K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,730	−0.060%	$501K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.4	+0.103%	$15.4M	$7.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,730.5	−0.043%	$14.0M	$104.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,733	+0.050%	$3.12B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.5	−0.003%	$32.1M	$333.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.9	−0.027%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.1	−0.019%	$1.5M	$15.9M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,729.5	−0.077%	$162.7M	$356.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,730.3	−0.049%	$3.31B	$8.86B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,729.3	−0.084%	$2.10B	$2.77B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,729.8	−0.066%	$15.0M	$41.2M	50x	as long as short
Variational Omni ETHlong	+0.0100%	8h	2,731.6	long leg	$134.1M	$318.3M	—
edgeX ETHUSDC	+0.0100%	4h	2,730.4	−0.045%	$185.7M	$681.4M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,732	+0.014%	$158.8M	$83.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,731.5	−0.005%	$21.0M	$70.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,732.2	+0.022%	—	$445K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,731.6	−0.001%	$11.2M	$9.4M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,730.3	−0.049%	$184K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,731.3	−0.011%	$22K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,731.9	+0.010%	$40.9M	$30.1M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,729.9	−0.065%	$957K	$10.9M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,730.1	−0.056%	$54.4M	$187.2M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,730.5	−0.042%	$263.2M	$64.4M	150x	as long as short
Aftermath Perps ETHUSD	+0.0104%	1h	2,731.6	−0.002%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,729.4	−0.083%	$30.4M	$72.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0056%	1h	2,730.8	−0.032%	—	$30.4M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,731.5	−0.007%	$46.6M	$4.30B	50x	as long as short
RISEx ETH/USDC	+0.0114%	1h	2,731.1	−0.020%	$5.6M	$11.7M	25x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,729.1	−0.094%	$7.3M	$975K	25x	as long as short
Orderly PERP_ETH_USDCshort	+0.0185%	8h	2,732.5	+0.032%	$32.2M	$11.2M	100x