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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 02:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h +0.010%
Price spread now: RISEx against 01 Exchange+0.007%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Long on 01 ExchangeShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.071%+$7 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.007%, 7d avg −0.006%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,744.30.0008pay 0.0001% / 1h41m 25s$180K$1.1M50x
ShortRISEx ETH/USDC2,744.5−0.0071pay 0.0009% / 1h41m 25s$5.5M$11.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against 01 Exchange. 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
−$16.62
Price spread: +0.007% → −0.006%
$1.22
Slippage, 4 orders
−$5.53
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$33.93
Costs to cover
0.185%
Break-even
never at this rate
Slippage from 01 Exchange: live order book, 3 min ago; RISEx: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 3 min ago0.91 bp5.0 bp −$510.6 bp −$106doesn't fitdoesn't fit
Sell RISEx live order book, 3 min ago0.02 bp3.0 bp −$33.6 bp −$36doesn'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%43m2,744.6+0.010%$311K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,745.9+0.058%$5K$1K50xas long as short
RISEx ETH/USDCshort−0.0071%1h2,744.5+0.007%$5.5M$11.3M25x
ApeX Omni ETHUSDT−0.0055%1h2,752+0.280%$8.8M$31.7M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4+0.005%$11.9M—200xas long as short
Phoenix ETH−0.0006%1h2,746.7+0.087%$863K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745+0.024%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,744.5+0.008%$22.2M—200xas long as short
01 Exchange ETHUSDlong+0.0008%1h2,744.3long leg$180K$1.1M50x
Deribit ETH-PERPETUAL+0.0020%1h2,745.6+0.047%$258.4M$202.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0029%8h2,744.3+0.001%—$1.20B—as long as short
OKX ETH-USDT-SWAP+0.0038%8h2,743.8−0.017%$1.68B$11.09B100xas long as short
Aster ETHUSDT+0.0055%8h2,744.30.000%$255.4M$857.4M200xas long as short
HTX ETH-USDT+0.0056%8h2,743.8−0.017%$1.06B$1.23B200xas long as short
Aevo ETH-PERP+0.0064%1h2,741.9−0.088%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0066%8h2,743.6−0.027%$1.57B$2.54B500xas long as short
Binance ETHUSDT+0.0067%8h2,743.7−0.020%$6.34B$16.34B150xas long as short
Gate ETH_USDT+0.0074%8h2,744.5+0.009%$3.35B$8.78B200xas long as short
KuCoin ETHUSDTM+0.0077%8h2,742.9−0.050%$381.1M$607.9M100xas long as short
Bitget ETHUSDT+0.0087%8h2,743.6−0.024%$2.07B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,745.2+0.032%$59.2M$4.39B50xas long as short
Lighter ETH+0.0096%1h2,743.7−0.022%$113.0M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,745.1+0.028%$25.0M$106.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746+0.060%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,750.2+0.214%$30K$21K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,747.8+0.127%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.2−0.004%$467K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744−0.012%$13.9M$113.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,746+0.060%$3.12B$2.15B25xas long as short
Pacifica ETH+0.0100%1h2,744.3+0.002%$31.5M$333.7M50xas long as short
Bybit ETHUSDT+0.0100%8h2,743.7−0.020%$2.46B$4.37B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,742.8−0.055%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.9+0.022%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.258%$167.5M$300.9M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.2−0.004%$14.9M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,750+0.207%$133.2M$346.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,751.3+0.255%$184.4M$722.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,748.2+0.141%$159.8M$83.1M50xas long as short
StandX ETH-USD+0.0100%1h2,751.1+0.248%$21.3M$66.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,743.4−0.033%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.4−0.034%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.1−0.006%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.9+0.058%$41.9M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,744−0.012%$962K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,744.5+0.007%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.5+0.007%$267.0M$66.3M150xas long as short
Vest ETH-PERP+0.0100%1h2,745.2+0.035%—$871K50xas long as short
Extended ETH-USD+0.0104%1h2,743.5−0.028%$30.9M$74.8M50xas long as short
Kalshi KXETHPERP+0.0136%8h2,745.8+0.055%$7.8M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0163%8h2,746.7+0.086%$32.3M$11.3M100xas long as short
BloFin ETH-USDT+0.0180%8h2,752.8+0.311%$285.0M$179.1M150xas long as short
Hibachi ETH/USDT-P+0.0184%1h2,745.1+0.031%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,751.8+0.273%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0218%1h2,743.3−0.037%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,745.2+0.033%$92.7M$316.2M100xas long as short