Funding arb · Price arb /

ETH

all ETH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Vest against Bluefin+0.013%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin ETH-PERP	2,727.2	0.0100	pay 0.0013% / 1h	9m 59s	$21K	$20K	25x
Short	Vest ETH-PERP	2,727.6	0.0100	get 0.0013% / 1h	9m 59s	—	$845K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee BluefinbpFee VestbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → 0.000%: $1.34
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$7.66
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bluefin no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Bluefin and Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0335%	43m	2,726	−0.045%	$301K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,728	+0.029%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0018%	8h	2,726	−0.044%	$1.05B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,726.6	−0.021%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,729	+0.065%	$816K	$2.9M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,727.3	+0.003%	$6.2M	$686.0M	4.9x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,728.1	+0.033%	$10.7M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,726.8	−0.015%	$28.0M	—	200x	as long as short
BingX ETH-USDT	+0.0028%	8h	2,726.8	−0.014%	—	$1.14B	—	as long as short
Bullet ETH-USD	+0.0035%	1h	2,726.3	−0.034%	$177K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0036%	8h	2,726.6	−0.023%	$2.36B	$4.39B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,727.3	+0.003%	$186K	$814K	50x	as long as short
SunX ETH-USDT	+0.0059%	8h	2,725.6	−0.061%	$954K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,727	−0.009%	$377.6M	$575.0M	100x	as long as short
Aster ETHUSDT	+0.0079%	8h	2,727	−0.007%	$250.6M	$842.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0079%	8h	2,726.9	−0.011%	$1.67B	$10.73B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,724	−0.119%	$4.9M	$155K	20x	as long as short
Binance ETHUSDT	+0.0085%	8h	2,726.8	−0.015%	$6.32B	$15.94B	150x	as long as short
MEXC ETH_USDT	+0.0086%	8h	2,727	−0.008%	$1.56B	$2.58B	500x	as long as short
ApeX Omni ETHUSDT	+0.0087%	1h	2,728	+0.030%	$8.7M	$31.2M	100x	as long as short
SoDEX ETH-USD	+0.0089%	1h	2,726.6	−0.023%	$54.3M	$187.8M	40x	as long as short
Phemex ETHUSDT	+0.0089%	8h	2,726.6	−0.022%	$264.2M	$64.7M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,727.1	−0.004%	$112.3M	$435.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,728.4	+0.042%	$23.3M	$104.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,727.3	+0.002%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,730.8	+0.131%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,726.2	−0.037%	$497K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,728.4	+0.045%	$15.5M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,727.2	+0.001%	$13.9M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.8	+0.058%	$3.09B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,727.5	+0.009%	$31.8M	$334.6M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,726.7	−0.019%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,727.1	−0.005%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.2	+0.037%	$167.8M	$301.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,726.6	−0.021%	$3.33B	$8.95B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.9	−0.012%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,726.2	−0.037%	$14.9M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,727	−0.008%	$134.7M	$322.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,728.1	+0.032%	$183.5M	$671.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,728.8	+0.056%	$158.8M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728	+0.029%	$21.0M	$71.6M	40x	as long as short
Vest ETH-PERPshort	+0.0100%	1h	2,727.6	+0.013%	—	$845K	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.9	+0.025%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERPlong	+0.0100%	1h	2,727.2	long leg	$21K	$20K	25x
Derive ETH-PERP	+0.0100%	1h	2,728.1	+0.033%	$40.9M	$29.9M	15x	as long as short
Aftermath Perps ETHUSD	+0.0102%	1h	2,729.3	+0.076%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0102%	1h	2,728	+0.030%	$258.4M	$202.7M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,726.1	−0.041%	$30.6M	$73.5M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,726.9	−0.011%	$5.6M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,727.9	+0.023%	$50.5M	$4.27B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0153%	1h	2,727.5	+0.009%	$83.5M	$315.9M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0191%	8h	2,728.8	+0.057%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0207%	1h	2,725.5	−0.061%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,728.7	+0.053%	$247K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0345%	8h	2,727.7	+0.017%	$282.2M	$174.7M	150x	as long as short