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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Bybit against Arcus+0.031%7-day average −0.027% · 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−$12as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Long on ArcusShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 7 days−0.051%−$5 · spread now +0.031%, 7d avg −0.027%
Together, before fees−0.065%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.058% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus ETH-USD2,745.50.0100pay 0.0013% / 1h11m 19s$2.8M$16.4M25x
ShortBybit ETHUSDT2,746.40.0100get 0.0100% / 8h6h 11m$2.46B$4.31B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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
Price spread: +0.031% → −0.027%
$5.8
Slippage, 4 orders
−$2.11
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$11.81
Costs to cover
0.176%
Break-even
never at this rate
Slippage from Arcus: live order book, 3 min ago; Bybit: 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 Arcus live order book, 3 min ago0.02 bp2.9 bp −$33.7 bp −$37doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.02 bp5.5 bp −$65.5 bp −$556.4 bp −$6398.8 bp −$4,422

ETH on 54 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−0.0112%43m2,745.7+0.008%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.1+0.021%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.1−0.013%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,745.6+0.002%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.109%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.010%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.5−0.001%$22.2M—200xas long as short
BingX ETH-USDC+0.0038%8h2,744.7−0.029%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,746+0.018%$182K$1.1M50xas long as short
OKX ETH-USDT-SWAP+0.0051%8h2,746.8+0.047%$1.69B$10.93B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0062%1h2,748+0.091%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0066%8h2,746.6+0.039%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,744.9−0.023%$371.1M$609.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,746.2+0.024%$253.6M$858.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,744−0.055%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,745.3−0.009%$1.58B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,745.5−0.001%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.067%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0090%8h2,745.4−0.006%$3.39B$8.93B200xas long as short
Lighter ETH+0.0096%1h2,745.4−0.006%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.059%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,745.3−0.008%—$35.6M500xas long as short
Aftermath Perps ETHUSD+0.0097%1h2,748.1+0.093%$30K$20K20xas long as short
Bitget ETHUSDT+0.0098%8h2,745.1−0.015%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.3+0.137%$16.3M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.040%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8−0.027%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.1+0.058%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6+0.003%$31.7M$334.3M50xas long as short
Bybit ETHUSDTshort+0.0100%8h2,746.4+0.031%$2.46B$4.31B150x
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.026%$2.7M$17.0M25xas long as short
Arcus ETH-USDlong+0.0100%1h2,745.5long leg$2.8M$16.4M25x
Backpack ETH_USDC_PERP+0.0100%1h2,745.9+0.013%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.1+0.057%$133.1M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.026%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1+0.059%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.8+0.083%$21.3M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.4+0.033%—$865K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4−0.004%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,745.3−0.009%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.6+0.040%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.100%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,746.8+0.048%$963K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.3+0.029%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5+0.036%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.078%$164.0M$301.0M25xas long as short
Extended ETH-USD+0.0104%1h2,743.9−0.060%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.072%$7.7M$672.7M4.9xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,747.9+0.086%$258.6M$200.0M50xas long as short
Orderly PERP_ETH_USDC+0.0176%8h2,749.3+0.137%$32.3M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5+0.036%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748+0.089%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,744.9−0.023%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.054%$88.6M$317.0M100xas long as short