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 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against Extended+0.118%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Long on ExtendedShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days−0.071%−$7 · spread now +0.118%, 7d avg +0.087%
Together, before fees−0.074%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$7 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: Hyperliquid is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,748.80.0104pay 0.0013% / 1h52m 09s$30.5M$74.3M50x
ShortHyperliquid ETH2,7520.0100get 0.0013% / 1h52m 09s$3.13B$2.14B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
−$0.84
Price spread: +0.118% → +0.087%
$3.04
Slippage, 4 orders
−$1.73
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.53
Costs to cover
0.157%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 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, 2 min ago0.18 bp2.7 bp −$32.7 bp −$276.0 bp −$59613.5 bp −$6,753
Sell Hyperliquid live order book, 12 min ago0.36 bp4.9 bp −$54.9 bp −$495.1 bp −$5097.0 bp −$3,500

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
ApeX Omni ETHUSDT−0.0865%1h2,751.3+0.093%$8.8M$31.4M100xas long as short
Perpl ETH−0.0447%43m2,750+0.044%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,750.6+0.067%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.7+0.071%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.1+0.012%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.267%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.065%$10.9M$41.8M50xas long as short
01 Exchange ETHUSD0.0000%1h2,751+0.081%$181K$1.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.6−0.007%$22.2M—200xas long as short
BingX ETH-USDC+0.0027%8h2,749.6+0.032%—$17.3M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0035%8h2,750.8+0.074%$1.67B$11.08B100xas long as short
HTX ETH-USDT+0.0038%8h2,749.1+0.010%$1.07B$1.23B200xas long as short
Aster ETHUSDT+0.0043%8h2,749.6+0.030%$255.8M$854.7M200xas long as short
MEXC ETH_USDT+0.0055%8h2,750.1+0.049%$1.58B$2.52B500xas long as short
Binance ETHUSDT+0.0055%8h2,749.8+0.038%$6.37B$16.32B150xas long as short
Aevo ETH-PERP+0.0056%1h2,747.3−0.054%$4.9M$163K20xas long as short
Gate ETH_USDT+0.0067%8h2,750.1+0.049%$3.33B$8.71B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,749.1+0.012%$384.4M$607.1M100xas long as short
Bitget ETHUSDT+0.0083%8h2,749.4+0.023%$2.07B$2.86B150xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,751+0.079%$258.8M$202.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.2+0.090%$59.6M$4.39B50xas long as short
Aftermath Perps ETHUSD+0.0089%1h2,750+0.045%$30K$21K20xas long as short
Variational Omni ETH+0.0095%8h2,741.6−0.262%$132.7M$345.8M—as long as short
Lighter ETH+0.0096%1h2,749.7+0.035%$113.2M$438.7M50xas long as short
Lighter RH ETH+0.0096%1h2,751+0.083%$25.0M$105.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750.1+0.048%—$35.7M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.4+0.167%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.6+0.030%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750.1+0.048%$14.0M$113.3M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,752+0.118%$3.13B$2.14B25x
Pacifica ETH+0.0100%1h2,750.3+0.056%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,750.7+0.069%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.2+0.016%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,751.2+0.087%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.141%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749.7+0.035%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,751.5+0.099%$183.7M$729.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739.9−0.321%$159.3M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,745.9−0.104%$21.2M$65.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.038%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.9+0.041%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7−0.002%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.3+0.021%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.2+0.089%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,749.1+0.014%$963K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.6+0.030%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,749.8+0.037%$267.4M$66.2M150xas long as short
Extended ETH-USDlong+0.0104%1h2,748.8long leg$30.5M$74.3M50x
Kalshi KXETHPERP+0.0130%8h2,750+0.045%$7.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0160%8h2,751.5+0.100%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,748.1−0.025%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,747.3−0.052%$286.1M$178.5M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.5−0.155%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.3+0.018%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751+0.081%$93.1M$319.7M100xas long as short