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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Coinbase International against Bluefin+0.015%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,773.50.0100pay 0.0013% / 1h13m 02s$21K$24K25x
ShortCoinbase International ETH-PERP-INTX2,773.90.0104get 0.0013% / 1h13m 02s$59.7M$4.60B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bluefin. 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
$0.84
Price spread: +0.015% → 0.000%
$1.48
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$14.68
Costs to cover
0.170%
Break-even
129.3 days
Slippage unknown: Bluefin: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Coinbase International live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$506.6 bp −$66017.8 bp −$8,900
Bluefin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,773.1−0.011%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.2−0.044%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.9+0.016%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.222%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.9−0.020%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0003%1h2,776.2+0.099%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,774.2+0.028%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,775.9+0.088%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,773−0.016%$22.4M200xas long as short
BingX ETH-USDC+0.0015%8h2,772−0.053%$17.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0019%8h2,772.2−0.045%$1.70B$11.84B100xas long as short
Deribit ETH-PERPETUAL+0.0020%1h2,774+0.021%$258.4M$222.4M50xas long as short
Phemex ETHUSDT+0.0024%8h2,772.5−0.034%$269.8M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.9−0.019%$12.9M200xas long as short
Bullet ETH-USD+0.0029%1h2,772.1−0.047%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0037%8h2,772.3−0.041%$255.8M$992.5M200xas long as short
Nado ETH-PERP+0.0060%1h2,772.3−0.040%$14.2M$118.2M50xas long as short
Aevo ETH-PERP+0.0064%1h2,771.4−0.072%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0064%8h2,772.4−0.038%$6.43B$17.21B150xas long as short
MEXC ETH_USDT+0.0065%8h2,772.4−0.038%$1.61B$2.67B500xas long as short
ApeX Omni ETHUSDT+0.0066%1h2,775.6+0.076%$8.8M$32.6M100xas long as short
SoDEX ETH-USD+0.0067%1h2,772.5−0.034%$55.2M$228.9M40xas long as short
Bitget ETHUSDT+0.0068%8h2,772.3−0.040%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,772.4−0.036%$3.29B$9.66B200xas long as short
Bybit ETHUSDT+0.0092%8h2,772.4−0.038%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0092%8h2,772.2−0.045%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,773.1−0.012%$115.0M$502.4M50xas long as short
Lighter RH ETH+0.0096%1h2,774.4+0.035%$25.4M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,773.1−0.014%$41.6M500xas long as short
KuCoin ETHUSDTM+0.0097%8h2,772.7−0.026%$422.2M$739.0M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,772.7−0.026%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.8−0.023%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,775+0.056%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,773.5+0.003%$31.2M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.2−0.045%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.7+0.009%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.197%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773−0.017%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,774.7+0.047%$141.6M$331.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,775.7+0.081%$181.7M$784.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.8+0.084%$161.4M$91.4M50xas long as short
StandX ETH-USD+0.0100%1h2,774.5+0.038%$21.4M$58.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,773.3−0.005%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,773.7+0.009%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,773.5long leg$21K$24K25x
Derive ETH-PERP+0.0100%1h2,774.5+0.038%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773−0.017%$972K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,771.7−0.063%$32.6M$77.7M50xas long as short
Coinbase International ETH-PERP-INTXshort+0.0104%1h2,773.9+0.015%$59.7M$4.60B50x
Kalshi KXETHPERP+0.0125%8h2,774+0.020%$8.4M$680.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,774.9+0.053%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,773.6+0.004%$86.0M$332.4M100xas long as short
BloFin ETH-USDT+0.0184%8h2,772.5−0.034%$283.9M$194.3M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,772.1−0.050%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,776.3+0.101%$270K$1.5M20xas long as short