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

ETH

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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 −0.017%
Price spread now: Extended against Bluefin−0.030%7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.030% cheaper against Bluefin than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,772.30.0100pay 0.0013% / 1h47m 09s$21K$25K25x
ShortExtended ETH-USD2,771.40.0104get 0.0013% / 1h47m 09s$31.4M$76.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.030% → 0.000%
−$3.01
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.17
Costs to cover
0.120%
Break-even
125.1 days
Slippage unknown: Bluefin: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$273.5 bp −$34911.0 bp −$5,476
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%43m2,771.7−0.020%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.108%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.057%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772−0.010%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.8−0.017%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.8−0.017%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9−0.015%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.009%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.001%$22.4M200xas long as short
Phemex ETHUSDT+0.0018%8h2,771.7−0.022%$266.7M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.7−0.019%$1.70B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.2−0.004%$13.1M200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,772.8+0.019%$29K$21K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.5−0.099%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,771.9−0.013%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,771.4−0.030%$255.9M$996.3M200xas long as short
Binance ETHUSDT+0.0044%8h2,771.7−0.019%$6.44B$17.18B150xas long as short
Gate ETH_USDT+0.0058%8h2,772.1−0.006%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.8−0.018%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,771.3−0.035%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.088%$141.1M$319.9Mas long as short
SoDEX ETH-USD+0.0091%1h2,771.6−0.024%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,772.2−0.001%$115.2M$508.8M50xas long as short
Lighter RH ETH+0.0096%1h2,773.6+0.046%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2−0.003%$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.6−0.026%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8−0.017%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.2−0.037%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.5+0.080%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772−0.010%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7−0.020%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.9−0.049%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.8+0.054%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.052%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772−0.012%$425.2M$744.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,771.7−0.022%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.004%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.105%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.099%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2−0.039%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1−0.006%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.019%$10.8M$7.8M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,772.3long leg$21K$25K25x
Derive ETH-PERP+0.0100%1h2,773.9+0.058%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.3−0.073%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.061%$1.08B$1.32B200xas long as short
Extended ETH-USDshort+0.0104%1h2,771.4−0.030%$31.4M$76.1M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.3+0.037%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.5+0.008%$8.6M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,774.6+0.084%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,771.7−0.022%$287.0M$195.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,773.7+0.051%$259.0M$223.0M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.057%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.026%$88.5M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9−0.050%$273K$1.5M20xas long as short