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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.003%
Price spread now: Arcus against Bybit+0.055%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on BybitShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.019%+$2 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.055%, 7d avg +0.027%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,778.20.0091pay 0.0091% / 8h1h 00m$2.52B$4.63B150x
ShortArcus ETH-USD2,779.70.0100get 0.0013% / 1h0m 09s$2.7M$17.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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
$1.89
Price spread: +0.055% → +0.027%
$2.75
Slippage, 4 orders
−$2.81
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$13.67
Costs to cover
0.183%
Break-even
57.5 days
Slippage from Bybit: live order book, 4 min ago; Arcus: live order book, 4 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 Bybit live order book, 4 min ago0.02 bp5.5 bp −$65.5 bp −$556.5 bp −$6459.0 bp −$4,480
Sell Arcus live order book, 4 min ago0.02 bp2.3 bp −$22.3 bp −$232.9 bp −$287doesn't fit

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%43m2,778.3+0.006%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,778.3+0.003%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,779.3+0.041%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.233%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,778.3+0.005%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0006%1h2,776.4−0.062%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.4+0.044%$12.7M$45.9M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.092%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.2+0.038%$22.4M—200xas long as short
BingX ETH-USDC+0.0014%8h2,777.5−0.025%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0018%8h2,777.7−0.015%$1.70B$11.88B100xas long as short
Phemex ETHUSDT+0.0021%8h2,778−0.007%$270.6M$68.8M150xas long as short
Bullet ETH-USD+0.0022%1h2,778.3+0.003%$182K$1.7M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,779.2+0.036%$13.0M—200xas long as short
Aster ETHUSDT+0.0033%8h2,778.3+0.006%$254.8M$995.6M200xas long as short
Deribit ETH-PERPETUAL+0.0045%1h2,779.7+0.054%$258.7M$222.8M50xas long as short
Nado ETH-PERP+0.0054%1h2,778.4+0.009%$14.3M$118.2M50xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6−0.022%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,778.1−0.004%$1.60B$2.68B500xas long as short
SoDEX ETH-USD+0.0060%1h2,777.8−0.013%$55.3M$229.0M40xas long as short
Binance ETHUSDT+0.0061%8h2,778.2+0.003%$6.44B$17.24B150xas long as short
Aevo ETH-PERP+0.0064%1h2,776.1−0.074%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,777.9−0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,777.9−0.009%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0087%8h2,778.20.000%$1.08B$1.32B200xas long as short
Bybit ETHUSDTlong+0.0091%8h2,778.2long leg$2.52B$4.63B150x
KuCoin ETHUSDTM+0.0093%8h2,778.4+0.009%$422.7M$739.5M100xas long as short
Vest ETH-PERP+0.0096%1h2,778.5+0.013%—$1.1M50xas long as short
Lighter ETH+0.0096%1h2,778.3+0.005%$115.3M$503.7M50xas long as short
Lighter RH ETH+0.0096%1h2,779.7+0.057%$25.4M$122.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,777.5−0.024%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778.4+0.009%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,780.8+0.095%$3.20B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,778.1−0.002%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777.2−0.035%$2.8M$17.2M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,779.7+0.055%$2.7M$17.2M25x
Bulk ETH-USD+0.0100%1h2,777.9−0.008%$168.1M$250.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,778−0.007%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,775.9−0.081%$147.5M$336.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,777−0.040%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.089%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.067%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,779.8+0.059%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,778.8+0.022%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,780.7+0.091%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,777.8−0.014%$973K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,777.5−0.023%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,779.3+0.040%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,779.2+0.038%$60.1M$4.61B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,778.3+0.005%$8.4M$681.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,781.2+0.109%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,779.1+0.034%$86.6M$332.6M100xas long as short
BloFin ETH-USDT+0.0181%8h2,776.5−0.062%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,778.3+0.005%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.5−0.023%$270K$1.5M20xas long as short