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+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.020%
Price spread now: BingX against Gate+0.002%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,776.20.0073pay 0.0073% / 8h2h 19m$3.29B$9.67B200x
ShortBingX ETH-USDT2,776.30.0100get 0.0100% / 8h2h 19m$1.18B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
$5.67
Price spread: +0.002% → 0.000%
$0.22
Slippage, 4 orders
−$0.28
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$19.39
Costs to cover
0.253%
Break-even
30.9 days
Slippage from Gate: live order book, 4 min ago; BingX: 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 Gate live order book, 4 min ago0.02 bp7.5 bp −$88.6 bp −$8612.1 bp −$1,20721.1 bp −$10.5K
Sell BingX live order book, 4 min ago0.04 bp5.0 bp −$55.0 bp −$505.3 bp −$5266.0 bp −$2,975

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%43m2,776.5+0.010%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,775.7−0.018%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.9+0.025%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,776.8+0.022%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,773.4−0.101%$858K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,776.8+0.021%$5.8M$11.7M25xas long as short
dYdX ETH-USD0.0000%1h2,776.5+0.009%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0001%1h2,775.2−0.037%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7+0.017%$22.4M200xas long as short
Phemex ETHUSDT+0.0012%8h2,776.5+0.011%$267.4M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,775.6−0.023%$1.71B$11.91B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,776.7+0.016%$13.2M200xas long as short
Aster ETHUSDT+0.0038%8h2,775.9−0.013%$256.7M$995.6M200xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,776.7+0.017%$8.8M$32.6M100xas long as short
MEXC ETH_USDT+0.0048%8h2,775.9−0.010%$1.60B$2.68B500xas long as short
Aevo ETH-PERP+0.0048%1h2,775.5−0.024%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0049%8h2,776.2−0.001%$6.44B$17.23B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,777.5+0.047%$258.5M$224.9M50xas long as short
Gate ETH_USDTlong+0.0073%8h2,776.2long leg$3.29B$9.67B200x
Bitget ETHUSDT+0.0074%8h2,776.1−0.005%$2.10B$3.13B150xas long as short
Bullet ETH-USD+0.0082%1h2,775.8−0.014%$184K$1.8M20xas long as short
Variational Omni ETH+0.0096%8h2,776.8+0.020%$141.1M$320.7Mas long as short
Lighter ETH+0.0096%1h2,776.5+0.012%$115.1M$514.4M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.069%$25.4M$122.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.7+0.016%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.1−0.005%$16.0M$10.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.6+0.014%$488K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,776.20.000%$15.3M$117.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.097%$3.21B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,776.6+0.014%$31.3M$289.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,775.8−0.016%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.5−0.025%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.5+0.082%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.1+0.068%$165.4M$253.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.5+0.009%$422.8M$742.0M100xas long as short
BingX ETH-USDTshort+0.0100%8h2,776.3+0.002%$1.18B
Backpack ETH_USDC_PERP+0.0100%1h2,776.4+0.008%$15.4M$42.8M50xas long as short
edgeX ETHUSDC+0.0100%4h2,776.9+0.026%$178.5M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.030%$161.6M$97.3M50xas long as short
StandX ETH-USD+0.0100%1h2,777+0.029%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,777.2+0.036%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.5+0.047%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.7+0.018%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.3+0.075%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6−0.023%$974K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,775.7−0.018%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776−0.008%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.9−0.009%$31.4M$75.9M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.054%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,777.4+0.043%$8.6M$674.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0133%8h2,778.9+0.096%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0169%8h2,776.1−0.005%$284.2M$195.8M150xas long as short
Reya ETHRUSDPERP+0.0183%1h2,775.8−0.013%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.1+0.031%$86.6M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0440%1h2,778.1+0.068%$283K$1.5M20xas long as short