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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Vest against Coinbase International−0.035%7-day average −0.011% · 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)−0.012%−$1 on $10k
Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.035%, 7d avg −0.011%
Together, before fees+0.003%+ Points / potential airdropVest: Active · farm board$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: Vest is 0.024% cheaper against Coinbase International than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,773.10.0080pay 0.0010% / 1h41m 08s$60.4M$4.49B50x
ShortVest ETH-PERP2,772.10.0086get 0.0011% / 1h41m 08s$880K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. 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
$1.28
Price spread: −0.035% → −0.011%
−$2.36
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$13.08
Costs to cover
0.120%
Break-even
78.7 days
Slippage unknown: Coinbase International: live order book, 3 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago0.02 bp6.1 bp −$66.4 bp −$6410.0 bp −$99626.1 bp −$13.1K
Sell Vest no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,773.2+0.003%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,771.4−0.062%$5.7M$11.4M25xas long as short
Perpl ETH−0.0112%43m2,770.7−0.089%$301K$6.5M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.6−0.054%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,771.4−0.062%$168K$1.1M50xas long as short
Phemex ETHUSDT−0.0013%8h2,771.7−0.051%$269.9M$67.6M150xas long as short
Phoenix ETH−0.0003%1h2,774.6+0.054%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771.4−0.062%$12.2M$46.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772−0.039%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,771.3−0.064%$1.71B$11.37B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet ETH-USD+0.0022%1h2,771.3−0.066%$184K$1.7M20xas long as short
Gate ETH_USDT+0.0024%8h2,771.7−0.053%$3.35B$8.96B200xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,771.8−0.046%$12.7M200xas long as short
SoDEX ETH-USD+0.0042%1h2,771.9−0.044%$55.2M$208.4M40xas long as short
Aster ETHUSDT+0.0043%8h2,772.1−0.037%$256.8M$899.1M200xas long as short
Aftermath Perps ETHUSD+0.0050%1h2,772.5−0.022%$31K$23K20xas long as short
Aevo ETH-PERP+0.0056%1h2,769.6−0.128%$5.0M$165K20xas long as short
MEXC ETH_USDT+0.0058%8h2,770.5−0.093%$1.63B$2.63B500xas long as short
Binance ETHUSDT+0.0058%8h2,771−0.076%$6.47B$16.58B150xas long as short
HTX ETH-USDT+0.0066%8h2,771.8−0.048%$1.08B$1.27B200xas long as short
Bitget ETHUSDT+0.0069%8h2,771−0.076%$2.10B$2.92B150xas long as short
ApeX Omni ETHUSDT+0.0079%1h2,772.6−0.018%$8.7M$32.4M100xas long as short
Coinbase International ETH-PERP-INTXlong+0.0080%1h2,773.1long leg$60.4M$4.49B50x
KuCoin ETHUSDTM+0.0081%8h2,772.3−0.030%$420.6M$642.5M100xas long as short
Vest ETH-PERPshort+0.0086%1h2,772.1−0.035%$880K50x
Lighter ETH+0.0096%1h2,771.6−0.055%$115.2M$456.7M50xas long as short
Lighter RH ETH+0.0096%1h2,773.4+0.011%$25.3M$110.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.4−0.098%$15.9M$9.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.3−0.065%$487K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.5−0.057%$14.8M$116.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.3+0.007%$3.17B$2.31B25xas long as short
Pacifica ETH+0.0100%1h2,772.1−0.036%$31.2M$322.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.5−0.057%$2.50B$4.44B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.6−0.091%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.7−0.049%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.9−0.114%$170.3M$272.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,771.2−0.067%$1.22Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.1−0.071%$15.2M$42.2M50xas long as short
Variational Omni ETH+0.0100%8h2,771.8−0.047%$148.1M$340.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,772.2−0.032%$182.0M$785.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.3+0.043%$161.3M$85.7M50xas long as short
StandX ETH-USD+0.0100%1h2,774.2+0.039%$21.5M$60.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.3−0.065%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.6−0.017%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,774.2+0.040%$42.7M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.9−0.080%$972K$13.4M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,773.4+0.012%$259.1M$210.5M50xas long as short
Extended ETH-USD+0.0104%1h2,771.6−0.056%$32.5M$73.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.9−0.045%$38.3M500xas long as short
Kalshi KXETHPERP+0.0107%8h2,773.3+0.007%$8.1M$686.0M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,773.3+0.007%$93.4M$322.9M100xas long as short
Orderly PERP_ETH_USDC+0.0148%8h2,774.8+0.061%$32.7M$11.6M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,775.5+0.085%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0178%8h2,771.2−0.069%$287.5M$187.8M150xas long as short
Reya ETHRUSDPERP+0.0209%1h2,771.3−0.065%$7.3M$1.2M25xas long as short