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 0.000%
Price spread now: SunX against Backpack+0.035%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Long on BackpackShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.035%, 7d avg −0.012%
Together, before fees−0.094%−$9 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: SunX is 0.047% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ETH_USDC_PERP2,745.90.0100pay 0.0013% / 1h11m 39s$15.0M$41.7M50x
ShortSunX ETH-USDT2,746.80.0100get 0.0100% / 8h6h 11m$963K$12.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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: +0.035% → −0.012%
$4.74
Slippage, 4 orders
−$3.36
Fee Backpack: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.61
Costs to cover
0.214%
Break-even
never at this rate
Slippage from Backpack: live order book, 3 min ago; SunX: live order book, 8 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 Backpack live order book, 3 min ago0.02 bp5.0 bp −$57.0 bp −$7028.5 bp −$2,853doesn't fit
Sell SunX live order book, 8 min ago0.56 bp4.6 bp −$54.7 bp −$476.6 bp −$6648.6 bp −$4,276

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%43m2,746.8+0.034%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.1+0.008%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,745.1−0.026%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747+0.040%$12.2M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.096%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745.2−0.023%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,747.3+0.051%$22.2M—200xas long as short
BingX ETH-USDC+0.0038%8h2,744.8−0.039%—$18.5M—as long as short
01 Exchange ETHUSD+0.0040%1h2,746+0.005%$182K$1.1M50xas long as short
OKX ETH-USDT-SWAP+0.0051%8h2,745−0.032%$1.69B$10.92B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0062%1h2,748+0.078%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0066%8h2,746.6+0.026%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0067%8h2,745.6−0.011%$371.2M$609.4M100xas long as short
Aster ETHUSDT+0.0070%8h2,745.6−0.010%$253.6M$858.2M200xas long as short
Aevo ETH-PERP+0.0080%1h2,745.1−0.028%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,744.8−0.038%$1.57B$2.57B500xas long as short
Binance ETHUSDT+0.0082%8h2,744.9−0.037%$6.38B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,747.4+0.054%$58.7M$4.33B50xas long as short
Gate ETH_USDT+0.0090%8h2,744.8−0.039%$3.39B$8.93B200xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,748.5+0.096%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,745.4−0.019%$112.9M$444.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747.1+0.046%$24.8M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747+0.039%—$35.6M500xas long as short
Bitget ETHUSDT+0.0098%8h2,744.7−0.042%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,749.3+0.124%$16.3M$8.1M50xas long as short
Bullet ETH-USD+0.0100%1h2,746.6+0.027%$182K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4−0.054%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8−0.041%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.5+0.061%$3.13B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,745.6−0.010%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.1−0.027%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8−0.039%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.5−0.013%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERPlong+0.0100%1h2,745.9long leg$15.0M$41.7M50x
Variational Omni ETH+0.0100%8h2,747.1+0.044%$133.1M$345.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.013%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1+0.046%$159.8M$82.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.8+0.070%$21.3M$69.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,747.2+0.048%$10.7M$8.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,747.1+0.046%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.2+0.086%$41.7M$29.5M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,746.8+0.035%$963K$12.3M100x
SoDEX ETH-USD+0.0100%1h2,746.3+0.016%$54.7M$187.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,746.5+0.023%$267.3M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.065%$164.0M$301.0M25xas long as short
Vest ETH-PERP+0.0100%1h2,747.7+0.067%—$865K50xas long as short
Extended ETH-USD+0.0104%1h2,743.9−0.073%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,747.5+0.059%$7.7M$672.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,749.4+0.129%$32.3M$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0176%1h2,747.9+0.072%$258.6M$200.0M50xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.5+0.023%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748.1+0.083%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,746.4+0.020%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747+0.041%$88.6M$317.0M100xas long as short