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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Derive against edgeX+0.198%7-day average +0.080% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.198%, 7d avg +0.080%
Together, before fees−0.204%+ Points / potential airdropedgeX: Active · farm board−$20 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: Derive is 0.118% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ETHUSDC2,775.90.0100pay 0.0050% / 4h2h 16m$179.9M$794.9M100x
ShortDerive ETH-PERP2,781.40.0100get 0.0013% / 1h16m 31s$42.8M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against edgeX. 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
Price spread: +0.198% → +0.080%
$11.8
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Derive: 3 bp × 2 orders
−$6
Net
−$3.2
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 3 min ago; Derive: 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 edgeX live order book, 3 min ago0.07 bp4.9 bp −$54.9 bp −$495.0 bp −$4996.1 bp −$3,065
Sell Derive no order-book sample—————
Derive: 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−0.0112%43m2,777.6+0.059%$290K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,776.6+0.024%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,778.2+0.081%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0048%1h2,777.9+0.070%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,778.2+0.081%$859K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,777.8+0.068%$5.8M$11.7M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,776.1+0.005%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,779.8+0.139%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,779.7+0.136%$22.5M—200xas long as short
Phemex ETHUSDT+0.0013%8h2,779.2+0.117%$267.6M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,776.4+0.016%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,779.6+0.133%$13.2M—200xas long as short
ApeX Omni ETHUSDT+0.0040%1h2,777.7+0.063%$8.8M$32.6M100xas long as short
Aster ETHUSDT+0.0040%8h2,778.9+0.107%$257.0M$995.5M200xas long as short
Aevo ETH-PERP+0.0048%1h2,777.7+0.064%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0050%8h2,779.2+0.116%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0050%8h2,777.6+0.061%$6.45B$17.22B150xas long as short
Gate ETH_USDT+0.0075%8h2,778.9+0.106%$3.28B$9.68B200xas long as short
Bitget ETHUSDT+0.0075%8h2,776.7+0.027%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,779+0.110%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.029%$141.1M$320.7M—as long as short
Lighter ETH+0.0096%1h2,779.6+0.133%$115.3M$514.7M50xas long as short
Lighter RH ETH+0.0096%1h2,781+0.181%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,779.7+0.136%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,779.1+0.115%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,778+0.074%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,778.9+0.106%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,779.5+0.128%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,779.6+0.132%$31.4M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776.9+0.035%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,777+0.038%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,779.6+0.130%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.077%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,779.2+0.115%$423.3M$741.8M100xas long as short
BingX ETH-USDT+0.0100%8h2,777.5+0.055%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,779.6+0.133%$15.4M$42.8M50xas long as short
edgeX ETHUSDClong+0.0100%4h2,775.9long leg$179.9M$794.9M100x
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.010%$161.4M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776.8+0.031%$21.4M$57.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.4+0.088%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,779.5+0.127%$21K$25K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,781.4+0.198%$42.8M$29.4M15x
SunX ETH-USDT+0.0100%8h2,778.3+0.086%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,779.1+0.114%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,778.6+0.097%$1.08B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,778.2+0.079%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,777+0.038%$31.4M$75.7M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,780.6+0.169%$60.1M$4.64B50xas long as short
Deribit ETH-PERPETUAL+0.0106%1h2,780.8+0.176%$258.5M$225.1M50xas long as short
Kalshi KXETHPERP+0.0121%8h2,778.6+0.096%$8.6M$674.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0134%8h2,782+0.219%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0170%8h2,778.9+0.107%$284.7M$196.1M150xas long as short
Reya ETHRUSDPERP+0.0184%1h2,776.6+0.024%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,780.5+0.164%$86.9M$330.9M100xas long as short
Hibachi ETH/USDT-P+0.0448%1h2,780+0.145%$282K$1.5M20xas long as short