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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0132%/8h= −14.5% APRnext payment $0.17 per $10,000 · paid last 24h −0.029%
Price spread now: 01 Exchange against Bluefin−0.018%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 3 days (all we have)no history yet
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: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,770.40.0100pay 0.0013% / 1h14m 45s$21K$22K25x
Short01 Exchange ETHUSD2,769.9−0.0032pay 0.0004% / 1h14m 45s$169K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$27.72
Price spread: −0.018% → 0.000%
−$1.84
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$43.56
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; 01 Exchange: live order book, 4 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 01 Exchange live order book, 4 min ago0.54 bp7.0 bp −$718.8 bp −$188doesn't fitdoesn't fit
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
Injective ETH/USDC PERP−0.0752%1h2,765.8−0.166%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.5−0.034%$5.6M$11.2M25xas long as short
Perpl ETH−0.0112%43m2,769.4−0.036%$340K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,770.1−0.011%$5K$1K50xas long as short
01 Exchange ETHUSDshort−0.0032%1h2,769.9−0.018%$169K$1.1M50x
Phoenix ETH−0.0003%1h2,770.2−0.008%$874K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,769.9−0.019%$12.3M$43.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.9+0.017%$22.4M200xas long as short
Bullet ETH-USD+0.0017%1h2,770.1−0.013%$185K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0028%8h2,771.1+0.025%$1.71B$11.14B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX ETH-USD+0.0033%1h2,770.2−0.008%$55.2M$188.0M40xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,770.7+0.011%$12.7M200xas long as short
Aster ETHUSDT+0.0048%8h2,770.8+0.016%$256.6M$886.3M200xas long as short
Aevo ETH-PERP+0.0056%1h2,767.7−0.098%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0057%8h2,770.6+0.008%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0060%8h2,770.8+0.016%$6.48B$16.27B150xas long as short
Phemex ETHUSDT+0.0060%8h2,770.1−0.013%$269.6M$67.1M150xas long as short
Gate ETH_USDT+0.0067%8h2,771.1+0.025%$3.38B$9.07B200xas long as short
Bitget ETHUSDT+0.0077%8h2,771.4+0.035%$2.10B$2.86B150xas long as short
Aftermath Perps ETHUSD+0.0080%1h2,770.1−0.010%$31K$21K20xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,771.6+0.044%$60.4M$4.43B50xas long as short
Vest ETH-PERP+0.0081%1h2,769.9−0.019%$876K50xas long as short
KuCoin ETHUSDTM+0.0087%8h2,770.2−0.006%$420.7M$604.1M100xas long as short
HTX ETH-USDT+0.0088%8h2,769.6−0.030%$1.08B$1.24B200xas long as short
ApeX Omni ETHUSDT+0.0094%1h2,768.5−0.070%$8.6M$32.1M100xas long as short
Lighter ETH+0.0096%1h2,771.6+0.042%$115.1M$459.2M50xas long as short
Lighter RH ETH+0.0096%1h2,773+0.093%$25.6M$111.8M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.3+0.103%$15.9M$8.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.6−0.029%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.3−0.041%$14.6M$113.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.6+0.115%$3.17B$2.19B25xas long as short
Pacifica ETH+0.0100%1h2,770.2−0.007%$31.2M$328.0M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.4+0.035%$2.52B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.2−0.044%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.2−0.006%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,763.5−0.248%$172.0M$292.0M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.1+0.026%$1.21Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.1−0.013%$15.1M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.071%$133.7M$347.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.134%$181.6M$786.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,766.3−0.150%$161.0M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,769.2−0.044%$21.4M$64.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770−0.015%$10.5M$8.0M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,770.4long leg$21K$22K25x
Derive ETH-PERP+0.0100%1h2,772.1+0.061%$42.6M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,769.6−0.030%$970K$12.9M100xas long as short
Extended ETH-USD+0.0104%1h2,769.9−0.019%$30.9M$75.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,770.7+0.009%$36.2M500xas long as short
Kalshi KXETHPERP+0.0110%8h2,771+0.021%$8.2M$677.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,771.8+0.049%$97.9M$320.6M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,770.3−0.005%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0155%8h2,772.7+0.084%$32.7M$11.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,769.8−0.022%$288.0M$178.8M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,771.7+0.048%$259.1M$203.2M50xas long as short
Reya ETHRUSDPERP+0.0213%1h2,769.9−0.017%$7.3M$1.1M25xas long as short