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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment $0.78 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against BingX−0.002%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,776.80.0100pay 0.0100% / 8h2h 14m$1.18B
ShortOKX ETH-USDT-SWAP2,776.70.0022get 0.0022% / 8h2h 14m$1.71B$11.92B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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
−$16.39
Price spread: −0.002% → 0.000%
−$0.18
Slippage, 4 orders
−$0.28
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$36.85
Costs to cover
0.203%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; OKX: live order book, 5 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 BingX live order book, 10 min ago0.04 bp5.2 bp −$55.4 bp −$546.0 bp −$5986.7 bp −$3,373
Sell OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.4 bp −$5427.4 bp −$3,678

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−0.0112%43m2,776.6−0.006%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6−0.006%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,777.4+0.023%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,776.5−0.010%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,780+0.116%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.4−0.012%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777+0.008%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0002%1h2,776.8+0.002%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5+0.027%$22.4M200xas long as short
Phemex ETHUSDT+0.0016%8h2,776.9+0.004%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPshort+0.0022%8h2,776.7−0.002%$1.71B$11.92B100x
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.4+0.023%$13.2M200xas long as short
ApeX Omni ETHUSDT+0.0036%1h2,777.7+0.032%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0038%8h2,776.7−0.002%$256.8M$995.6M200xas long as short
Aevo ETH-PERP+0.0048%1h2,774.7−0.075%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0051%8h2,776.6−0.008%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0051%8h2,776.9+0.004%$6.45B$17.23B150xas long as short
Gate ETH_USDT+0.0075%8h2,776.9+0.005%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0076%8h2,776.7−0.001%$2.10B$3.13B150xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,778.6+0.065%$258.5M$225.1M50xas long as short
Bullet ETH-USD+0.0084%1h2,776.4−0.012%$184K$1.8M20xas long as short
Lighter ETH+0.0096%1h2,777.1+0.011%$115.1M$514.8M50xas long as short
Lighter RH ETH+0.0096%1h2,778.6+0.064%$25.4M$123.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,777.7+0.032%$41.7M500xas long as short
Variational Omni ETH+0.0098%8h2,776.8+0.003%$141.1M$320.7Mas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.5−0.010%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.9+0.005%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.7−0.002%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.3+0.091%$3.20B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,777.2+0.015%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.7−0.003%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.9−0.031%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.3+0.054%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.048%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.5−0.009%$422.8M$742.0M100xas long as short
BingX ETH-USDTlong+0.0100%8h2,776.8long leg$1.18B
Backpack ETH_USDC_PERP+0.0100%1h2,777.3+0.020%$15.4M$42.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,777.2+0.015%$179.9M$795.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,779.2+0.088%$161.6M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.005%$21.4M$57.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.4+0.022%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778+0.044%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.6+0.028%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,779.1+0.085%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.054%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776.9+0.005%$55.3M$228.5M40xas long as short
HTX ETH-USDT+0.0100%8h2,775.5−0.048%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.8−0.034%$31.4M$75.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,778.7+0.071%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.1+0.012%$8.5M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.5+0.100%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0172%8h2,776.9+0.004%$284.4M$196.0M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,776.4−0.014%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,778.3+0.056%$87.0M$330.8M100xas long as short
Hibachi ETH/USDT-P+0.0456%1h2,778.1+0.047%$282K$1.5M20xas long as short