Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Vest against Arcus+0.043%7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.043%, 7d avg −0.003%

Together, before fees+0.102%+ Points / potential airdropVest: Active · farm board+$10 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: Vest is 0.046% dearer against Arcus than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ETH-USD	2,734	0.0100	pay 0.0013% / 1h	0m 12s	$1.5M	$16.2M	25x
Short	Vest ETH-PERP	2,735.1	0.0100	get 0.0013% / 1h	0m 12s	—	$879K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee ArcusbpFee VestbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.003%: $4.57
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.93
Costs to cover: 0.065%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 4 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 4 min ago	0.05 bp	3.2 bp −$3	4.0 bp −$40	7.1 bp −$714	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,734.6	+0.022%	$291K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,735.4	+0.053%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,733.6	−0.013%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,736	+0.075%	$817K	$3.0M	25x	as long as short
Deribit ETH-PERPETUAL	0.0000%	1h	2,733.3	−0.023%	$260.2M	$211.2M	50x	as long as short
dYdX ETH-USD	+0.0005%	1h	2,734.6	+0.025%	$10.5M	$42.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,733.6	−0.012%	$33.0M	—	200x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,735.4	+0.053%	$117K	$22.5M	52x	as long as short
HTX ETH-USDT	+0.0011%	8h	2,732.3	−0.061%	$1.05B	$1.22B	200x	as long as short
BingX ETH-USDT	+0.0035%	8h	2,731.8	−0.078%	—	$1.12B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0044%	8h	2,732.1	−0.068%	$2.35B	$4.42B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,734.6	+0.024%	$191K	$883K	50x	as long as short
KuCoin ETHUSDTM	+0.0079%	8h	2,732.1	−0.068%	$375.1M	$577.9M	100x	as long as short
Aftermath Perps ETHUSD	+0.0083%	1h	2,735.5	+0.057%	$30K	$20K	20x	as long as short
Bullet ETH-USD	+0.0084%	1h	2,733.3	−0.022%	$183K	$1.7M	20x	as long as short
SunX ETH-USDT	+0.0094%	8h	2,732.8	−0.041%	$959K	$11.1M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,732.7	−0.045%	$112.4M	$438.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.1	+0.004%	$23.5M	$104.3M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.6	−0.124%	$4.9M	$159K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0096%	8h	2,731.7	−0.083%	$1.66B	$10.94B	100x	as long as short
Aster ETHUSDT	+0.0098%	8h	2,732.8	−0.043%	$253.2M	$849.0M	200x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,733.2	−0.027%	$509K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,739	+0.184%	$15.3M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,732.9	−0.037%	$14.1M	$105.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.6	+0.024%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,734.9	+0.033%	$32.0M	$334.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,732.5	−0.053%	$6.34B	$16.17B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,733.2	−0.027%	$2.7M	$16.8M	25x	as long as short
Arcus ETH-USDlong	+0.0100%	1h	2,734	long leg	$1.5M	$16.2M	25x
Bulk ETH-USD	+0.0100%	1h	2,735	+0.038%	$163.2M	$327.7M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.8	−0.078%	$3.28B	$9.10B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,732.3	−0.060%	$1.53B	$2.62B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,731.9	−0.076%	$2.08B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,732.1	−0.068%	$15.1M	$42.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,734	+0.001%	$134.8M	$325.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,734.6	+0.025%	$185.5M	$682.7M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,735.5	+0.058%	$159.1M	$87.6M	50x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,736.5	+0.094%	$8.7M	$31.5M	100x	as long as short
StandX ETH-USD	+0.0100%	1h	2,736	+0.075%	$21.0M	$70.2M	40x	as long as short
Vest ETH-PERPshort	+0.0100%	1h	2,735.1	+0.043%	—	$879K	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,734.5	+0.020%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.1	+0.004%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.5	+0.022%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,732.6	−0.049%	$54.4M	$187.5M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,732.8	−0.041%	$263.5M	$65.1M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,731.9	−0.075%	$30.3M	$74.3M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,735.2	+0.045%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,733.5	−0.015%	$50.3M	$4.33B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,734.1	+0.005%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0122%	8h	2,734	+0.002%	$6.8M	$693.4M	4.9x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,733.1	−0.030%	$83.5M	$311.6M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0187%	8h	2,735.3	+0.050%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0196%	1h	2,732.2	−0.063%	$7.3M	$1.1M	25x	as long as short
Hibachi ETH/USDT-P	+0.0280%	1h	2,736.4	+0.089%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,734.9	+0.035%	$281.7M	$175.3M	150x	as long as short