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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0119%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.029%
Price spread now: Reya against ApeX Omni+0.144%63s7-day average −0.032% · you sell dearer than you buy
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 3 days (all we have)+0.151%+$15 on $10k
Price spread, last 7 days−0.165%−$16 · spread now +0.144%, 7d avg −0.032%
Together, before fees−0.014%+ Points / potential airdropReya: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.176% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.032%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,768.50.0094pay 0.0012% / 1h14m 08s$8.6M$32.1M100x
ShortReya ETHRUSDPERP2,772.50.0213get 0.0027% / 1h14m 08s$7.3M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against ApeX 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
$25.09
Price spread: +0.144% → −0.032%
$17.61
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$26.71
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 5 min ago; Reya: 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, 5 min ago0.65 bp6.3 bp −$66.7 bp −$6717.9 bp −$1,78654.0 bp −$27.0K
Sell Reya no order-book sample
Reya: 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
Injective ETH/USDC PERP−0.0752%1h2,765.8−0.096%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,772+0.128%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,771+0.093%$340K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.1+0.095%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,771.8+0.120%$169K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,770.2+0.062%$874K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.8+0.120%$12.3M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773.5+0.183%$22.4M200xas long as short
Bullet ETH-USD+0.0016%1h2,772.6+0.148%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0029%8h2,770.6+0.076%$1.71B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0036%1h2,773+0.164%$55.2M$188.0M40xas long as short
Phemex ETHUSDT+0.0042%8h2,773+0.165%$269.9M$67.1M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,773.3+0.175%$12.7M200xas long as short
Aster ETHUSDT+0.0050%8h2,773.6+0.186%$256.9M$886.2M200xas long as short
Aevo ETH-PERP+0.0056%1h2,771.2+0.097%$5.0M$156K20xas long as short
MEXC ETH_USDT+0.0059%8h2,773.3+0.173%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0061%8h2,774+0.200%$6.49B$16.26B150xas long as short
Gate ETH_USDT+0.0076%8h2,774+0.199%$3.38B$9.08B200xas long as short
Bitget ETHUSDT+0.0077%8h2,774.1+0.202%$2.10B$2.86B150xas long as short
Aftermath Perps ETHUSD+0.0079%1h2,770.5+0.074%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,774.9+0.231%$60.5M$4.43B50xas long as short
Vest ETH-PERP+0.0081%1h2,772.1+0.131%$876K50xas long as short
HTX ETH-USDT+0.0084%8h2,772.5+0.146%$1.08B$1.24B200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,774+0.199%$421.3M$604.2M100xas long as short
ApeX Omni ETHUSDTlong+0.0094%1h2,768.5long leg$8.6M$32.1M100x
Lighter ETH+0.0096%1h2,773.9+0.196%$115.1M$459.4M50xas long as short
Lighter RH ETH+0.0096%1h2,775.2+0.243%$25.6M$111.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775.3+0.248%$15.9M$8.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.7+0.117%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.8+0.121%$14.6M$113.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,776.4+0.286%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,771.8+0.120%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.3+0.104%$2.51B$4.32B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.8+0.084%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,772.4+0.140%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.178%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,774.1+0.202%$1.21Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.9+0.197%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.001%$133.7M$347.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.064%$181.6M$786.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,766.3−0.080%$161.0M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,769.2+0.026%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.149%$10.5M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.9+0.161%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.7+0.224%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,772.4+0.142%$972K$12.9M100xas long as short
Extended ETH-USD+0.0104%1h2,772.8+0.157%$30.9M$75.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.8+0.084%$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,772.4+0.142%$8.1M$676.2M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,775.1+0.239%$98.0M$320.2M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,771.2+0.099%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,775.3+0.247%$32.7M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,769.8+0.048%$288.0M$178.8M150xas long as short
Deribit ETH-PERPETUAL+0.0197%1h2,774.9+0.233%$259.1M$203.1M50xas long as short
Reya ETHRUSDPERPshort+0.0213%1h2,772.5+0.144%$7.3M$1.1M25x