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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 09:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.007%
Price spread now: RISEx against Variational Omni+0.128%7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.107%−$11 · spread now +0.128%, 7d avg +0.004%
Together, before fees−0.098%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.124% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,728.70.0100pay 0.0100% / 8h7h 38m$131.4M$316.4M—
ShortRISEx ETH/USDC2,732.20.0137get 0.0017% / 1h38m 14s$5.7M$11.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$7.84
Price spread: +0.128% → +0.004%
$12.37
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
$14.21
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; RISEx: 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, 1 min ago0.48 bpdoesn't fit1.7 bp −$174.0 bp −$399doesn't fit
Sell RISEx live order book, 1 min ago0.02 bp3.0 bp −$33.4 bp −$34doesn'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
BloFin ETH-USDT−0.0180%8h2,730+0.047%$280.5M$177.6M150xas long as short
Perpl ETH−0.0112%43m2,730.7+0.074%$277K$5.7M8.3xas long as short
HTX ETH-USDT−0.0090%8h2,730.7+0.072%$1.05B$1.21B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.7+0.036%$5K$1K50xas long as short
Phemex ETHUSDT−0.0041%8h2,731.4+0.098%$263.2M$63.8M150xas long as short
Bybit ETHUSDT−0.0040%8h2,731.1+0.088%$2.32B$4.30B150xas long as short
Phoenix ETH−0.0012%1h2,731.6+0.105%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.9+0.118%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,731.2+0.089%$10.6M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.087%$6.8M$671.0M4.9xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL0.0000%1h2,732.4+0.134%$264.6M$219.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732+0.121%$33.0M—200xas long as short
SunX ETH-USDT+0.0007%8h2,731+0.085%$940K$10.7M100xas long as short
ApeX Omni ETHUSDT+0.0033%1h2,729+0.010%$8.4M$31.2M100xas long as short
01 Exchange ETHUSD+0.0040%1h2,732.2+0.127%$191K$885K50xas long as short
SoDEX ETH-USD+0.0049%1h2,731.4+0.098%$54.4M$182.5M40xas long as short
Gate ETH_USDT+0.0062%8h2,731.4+0.098%$3.28B$8.25B200xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,730.7+0.071%$237K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,731.5+0.102%$1.66B$10.72B100xas long as short
Aster ETHUSDT+0.0079%8h2,731.4+0.097%$252.8M$848.5M200xas long as short
KuCoin ETHUSDTM+0.0083%8h2,731.6+0.104%$383.4M$575.5M100xas long as short
Aevo ETH-PERP+0.0088%1h2,729+0.011%$4.9M$195K20xas long as short
Binance ETHUSDT+0.0089%8h2,731.3+0.093%$6.32B$16.05B150xas long as short
MEXC ETH_USDT+0.0089%8h2,731.4+0.098%$1.57B$2.55B500xas long as short
Bullet ETH-USD+0.0094%1h2,731.5+0.102%$177K$1.7M20xas long as short
Lighter ETH+0.0096%1h2,731.9+0.116%$112.5M$401.4M50xas long as short
Lighter RH ETH+0.0096%1h2,733+0.157%$23.7M$95.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,730.1+0.052%—$30.4M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.113%$499K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.3+0.166%$15.4M$7.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.9+0.079%$14.3M$101.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,734+0.193%$3.11B$2.03B25xas long as short
Pacifica ETH+0.0100%1h2,731.4+0.097%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.065%$2.7M$16.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.9+0.115%$1.6M$15.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.4+0.024%$164.7M$339.6M25xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1+0.124%$2.11B$2.75B150xas long as short
BingX ETH-USDT+0.0100%8h2,731.7+0.108%—$1.05B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.2+0.126%$15.2M$39.9M50xas long as short
Variational Omni ETHlong+0.0100%8h2,728.7long leg$131.4M$316.4M—
edgeX ETHUSDC+0.0100%4h2,729.6+0.033%$185.7M$682.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.9+0.080%$158.8M$79.8M50xas long as short
StandX ETH-USD+0.0100%1h2,731.5+0.102%$21.0M$70.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.9+0.152%—$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732+0.120%$11.2M$9.3M50xas long as short
Derive ETH-PERP+0.0100%1h2,731.1+0.086%$40.6M$29.2M15xas long as short
Extended ETH-USD+0.0104%1h2,730.8+0.077%$30.5M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,732.4+0.133%$82.0M$309.6M100xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,731.6+0.105%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.9+0.153%$46.2M$4.24B50xas long as short
RISEx ETH/USDCshort+0.0137%1h2,732.2+0.128%$5.7M$11.4M25x
Reya ETHRUSDPERP+0.0173%1h2,730.8+0.075%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,733.8+0.187%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,730.3+0.058%$117K$20.2M52xas long as short
Bluefin ETH-PERP+0.2321%1h2,731.7+0.110%$20K$23K25xas long as short