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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%
Price spread now: Pacifica against Variational Omni+0.010%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 Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.010%, 7d avg +0.003%
Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,772.10.0098pay 0.0098% / 8h1h 52m$135.2M$326.5M—
ShortPacifica ETH2,772.40.0100get 0.0013% / 1h52m 41s$31.2M$293.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0.41
Price spread: +0.010% → +0.003%
$0.76
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$6.82
Costs to cover
0.080%
Break-even
122.5 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Pacifica: live order book, 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 Variational Omni RFQ quote, 2 min ago0.54 bpdoesn't fit0.5 bp −$51.8 bp −$180doesn't fit
Sell Pacifica live order book, 1 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn'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−0.0447%43m2,772.5+0.013%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2+0.002%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.7+0.092%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.2+0.038%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6+0.016%$169K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,773+0.031%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,775.6+0.124%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.005%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,772.9+0.028%$29K$22K20xas long as short
BingX ETH-USDT+0.0018%8h2,770.6−0.057%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.8−0.012%$1.71B$11.85B100xas long as short
Phemex ETHUSDT+0.0025%8h2,770.8−0.049%$266.9M$65.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2+0.002%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,771.9−0.010%$256.3M$993.6M200xas long as short
Hibachi ETH/USDT-P+0.0032%1h2,776.1+0.144%$276K$1.5M20xas long as short
Nado ETH-PERP+0.0038%1h2,772.5+0.013%$14.3M$118.9M50xas long as short
Bullet ETH-USD+0.0045%1h2,771.4−0.027%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0054%8h2,772−0.004%$6.43B$17.20B150xas long as short
MEXC ETH_USDT+0.0054%8h2,770.4−0.064%$1.62B$2.63B500xas long as short
Aevo ETH-PERP+0.0056%1h2,769.6−0.092%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.7+0.020%$258.4M$224.9M50xas long as short
SoDEX ETH-USD+0.0074%1h2,770.8−0.049%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0074%8h2,771.9−0.009%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,770.5−0.059%$3.29B$9.54B200xas long as short
Lighter ETH+0.0096%1h2,772.8+0.022%$115.0M$495.7M50xas long as short
Lighter RH ETH+0.0096%1h2,774+0.065%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.5+0.047%—$41.7M500xas long as short
HTX ETH-USDT+0.0098%8h2,771.1−0.037%$1.08B$1.32B200xas long as short
Variational Omni ETHlong+0.0098%8h2,772.1long leg$135.2M$326.5M—
Paradex ETH-USD-PERP+0.0100%8h2,772.8+0.025%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.9+0.027%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.1+0.070%$3.19B$2.38B25xas long as short
Pacifica ETHshort+0.0100%1h2,772.4+0.010%$31.2M$293.6M50x
Bybit ETHUSDT+0.0100%8h2,772.20.000%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.013%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.2+0.074%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.043%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.7−0.088%$423.4M$740.7M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771−0.043%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,774.2+0.073%$179.8M$779.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.143%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,776.3+0.149%$8.7M$32.7M100xas long as short
StandX ETH-USD+0.0100%1h2,775.5+0.121%$21.4M$57.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.5+0.049%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772−0.005%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.038%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,772−0.007%$973K$14.1M100xas long as short
Vest ETH-PERP+0.0100%1h2,773.3+0.041%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,769.5−0.095%$31.4M$75.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772.3+0.005%$59.9M$4.61B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,774+0.067%$8.6M$673.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,774+0.068%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.9−0.008%$86.1M$331.6M100xas long as short
BloFin ETH-USDT+0.0174%8h2,770.8−0.049%$286.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,771.5−0.023%$7.3M$1.1M25xas long as short