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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0127%/8h= −13.9% APRnext payment $0.16 per $10,000 · paid last 24h −0.019%
Price spread now: ApeX Omni against Extended+0.035%52s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.176%−$18 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.035%, 7d avg +0.053%
Together, before fees−0.185%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,769.50.0104pay 0.0013% / 1h8m 37s$32.5M$78.3M50x
ShortApeX Omni ETHUSDT2,770.5−0.0023pay 0.0003% / 1h8m 37s$8.7M$32.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$26.7
Price spread: +0.035% → +0.053%
−$1.84
Slippage, 4 orders
−$1.04
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.57
Costs to cover
0.160%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; ApeX Omni: live order book, 1 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 Extended live order book, 6 min ago0.18 bp2.7 bp −$33.9 bp −$396.5 bp −$64514.2 bp −$7,098
Sell ApeX Omni live order book, 1 min ago0.32 bp5.3 bp −$56.7 bp −$6718.0 bp −$1,80077.4 bp −$38.7K

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−0.0223%43m2,770.2+0.024%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.6+0.037%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.268%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.107%$5K$2K50xas long as short
ApeX Omni ETHUSDTshort−0.0023%1h2,770.5+0.035%$8.7M$32.9M100x
01 Exchange ETHUSD−0.0008%1h2,770.1+0.021%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.064%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.071%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.068%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.1+0.020%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.063%$12.8M200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7+0.005%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.074%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.2+0.022%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770+0.017%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.040%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,769.9+0.013%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.9+0.015%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.075%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770+0.017%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.3+0.028%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.1+0.020%$421.1M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.075%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.2+0.024%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,769.7+0.005%$17.4Mas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.087%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8+0.010%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.005%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.2+0.025%$115.0M$501.2M50xas long as short
Lighter RH ETH+0.0096%1h2,771.8+0.082%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5+0.034%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.7+0.005%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.2+0.024%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.096%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.5+0.035%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6+0.003%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.2+0.061%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.005%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.045%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.040%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,770+0.017%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.030%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.035%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.039%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.061%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.003%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.133%$42.7M$29.4M15xas long as short
Extended ETH-USDlong+0.0104%1h2,769.5long leg$32.5M$78.3M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.056%$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.057%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.068%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.139%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.042%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1+0.022%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.083%$252K$1.6M20xas long as short