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 22:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.006%
Price spread now: SoDEX against Binance−0.012%55s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.184% of the position
Long on BinanceShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.012%, 7d avg −0.013%
Together, before fees−0.045%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,767.60.0044pay 0.0044% / 8h2h 43m$6.43B$17.18B150x
ShortSoDEX ETH-USD2,767.30.0100get 0.0013% / 1h43m 21s$55.1M$228.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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
$11.67
Price spread: −0.012% → −0.013%
$0.1
Slippage, 4 orders
−$0.4
Fee Binance: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$6.63
Costs to cover
0.184%
Break-even
11.0 days
Slippage from Binance: live order book, 16 min ago; SoDEX: live order book, 1 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 Binance live order book, 16 min ago0.02 bp5.0 bp −$55.0 bp −$505.7 bp −$5718.0 bp −$4,018
Sell SoDEX live order book, 1 min ago0.18 bp4.2 bp −$44.3 bp −$436.4 bp −$63835.3 bp −$17.7K

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
Perpl ETH−0.0447%43m2,768.9+0.047%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0119%1h2,768.2+0.019%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.111%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.8+0.043%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.6+0.035%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.133%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.5+0.031%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,769.1+0.054%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.1+0.018%$22.4M—200xas long as short
Phemex ETHUSDT+0.0022%8h2,768.1+0.017%$266.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,767.6−0.001%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0025%1h2,771.2+0.128%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,767.9+0.008%$13.1M—200xas long as short
Aster ETHUSDT+0.0041%8h2,767.8+0.008%$255.7M$995.4M200xas long as short
MEXC ETH_USDT+0.0044%8h2,767.4−0.010%$1.59B$2.63B500xas long as short
Binance ETHUSDTlong+0.0044%8h2,767.6long leg$6.43B$17.18B150x
Aevo ETH-PERP+0.0048%1h2,766−0.058%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0061%8h2,767.9+0.010%$3.29B$9.57B200xas long as short
Bitget ETHUSDT+0.0074%8h2,767.8+0.005%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,767.2−0.017%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.125%$141.1M$318.8M—as long as short
Lighter ETH+0.0096%1h2,768.8+0.041%$115.1M$509.3M50xas long as short
Lighter RH ETH+0.0096%1h2,770+0.087%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769+0.051%—$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,768+0.014%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.5+0.032%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768.2+0.022%$15.1M$116.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.7+0.111%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,768.7+0.039%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.7+0.004%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.4+0.028%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.104%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.116%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,767.8+0.006%$424.7M$742.3M100xas long as short
BingX ETH-USDT+0.0100%8h2,767.5−0.004%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.5+0.031%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.1+0.053%$178.0M$791.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.5+0.033%$161.0M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,769.3+0.061%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.1+0.053%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.5+0.068%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.7+0.038%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.3+0.098%$42.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.60.000%$971K$14.3M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,767.3−0.012%$55.1M$228.6M40x
HTX ETH-USDT+0.0100%8h2,767−0.022%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.8+0.006%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,768.9+0.047%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,768.9+0.046%$8.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,770.7+0.112%$32.5M$11.9M100xas long as short
Deribit ETH-PERPETUAL+0.0162%1h2,769.8+0.080%$259.0M$223.4M50xas long as short
BloFin ETH-USDT+0.0165%8h2,767.9+0.010%$286.6M$195.3M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,766.7−0.034%$7.5M$989K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,768.6+0.036%$88.4M$329.8M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,770.3+0.096%$273K$1.5M20xas long as short