Settings8H · net · $10k
Funding arb · Price arb /

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.016%
Price spread now: Ondo Perps against ApeX Omni−0.079%52s7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 7 days−0.121%−$12 · spread now −0.079%, 7d avg −0.023%
Together, before fees+0.056%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.057% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.023%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,747.30.0033pay 0.0004% / 1h15m 57s$8.9M$30.7M100x
ShortOndo Perps ETH-USD.P2,745.10.0100get 0.0013% / 1h15m 57s$2.7M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against ApeX 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

Funding earned
$14.11
Price spread: −0.079% → −0.023%
−$5.65
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$6.54
Costs to cover
0.150%
Break-even
10.2 days
Slippage unknown: ApeX Omni: live order book, 3 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 3 min ago0.18 bp5.2 bp −$56.3 bp −$6325.0 bp −$2,50445.1 bp −$22.5K
Sell Ondo Perps no order-book sample
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,746.3−0.036%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,746.8−0.017%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,747.3+0.002%$12.1M200xas long as short
dYdX ETH-USD0.0000%1h2,746−0.048%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.3−0.036%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,747.4+0.003%$25.1M200xas long as short
Phoenix ETH+0.0017%1h2,747−0.010%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0024%1h2,746.6−0.025%$182K$849K50xas long as short
ApeX Omni ETHUSDTlong+0.0033%1h2,747.3long leg$8.9M$30.7M100x
BingX ETH-USDC+0.0053%8h2,746.7−0.021%$18.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0067%8h2,745.9−0.049%$1.71B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0070%8h2,746.9−0.013%$382.2M$575.4M100xas long as short
Bullet ETH-USD+0.0073%1h2,746.9−0.013%$184K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,746.4−0.031%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,747.2−0.002%$254.2M$840.9M200xas long as short
SoDEX ETH-USD+0.0095%1h2,746.9−0.014%$54.7M$187.6M40xas long as short
Lighter ETH+0.0096%1h2,747.2−0.002%$113.0M$435.4M50xas long as short
Lighter RH ETH+0.0096%1h2,748.6+0.047%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.1−0.042%$30.5M500xas long as short
MEXC ETH_USDT+0.0096%8h2,747.4+0.006%$1.56B$2.55B500xas long as short
Aevo ETH-PERP+0.0096%1h2,744.4−0.106%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,749.5+0.081%$58.0M$4.26B50xas long as short
Binance ETHUSDT+0.0096%8h2,747.3−0.001%$6.39B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.8+0.128%$16.1M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.7−0.058%$468K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,746−0.048%$13.9M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,749.3+0.074%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,746.4−0.032%$31.7M$334.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,746.1−0.044%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,745.1−0.079%$2.7M$16.8M25x
Arcus ETH-USD+0.0100%1h2,746.3−0.035%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.181%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,747.5+0.006%$3.39B$8.76B200xas long as short
Bitget ETHUSDT+0.0100%8h2,746.2−0.038%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.6−0.024%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,746.6−0.025%$133.5M$325.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,744.5−0.100%$182.4M$673.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.6−0.024%$159.7M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,746.9−0.014%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,747−0.009%$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.6+0.012%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,748.7+0.052%$41.6M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.6−0.026%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,746.7−0.022%$1.06B$1.17B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747−0.010%$267.0M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,746.1−0.041%$30.7M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0129%1h2,745.9−0.048%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0160%8h2,747.1−0.007%$7.8M$669.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,748.6+0.047%$259.8M$196.0M50xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,749.3+0.072%$32.4M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,747.9+0.024%$86.7M$310.3M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,745.8−0.055%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,747.9+0.021%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0290%8h2,746.1−0.043%$286.1M$181.2M150xas long as short
Bluefin ETH-PERP+0.0505%1h2,747−0.012%$21K$20K25xas long as short