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 08:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.032%
Price spread now: Variational Omni against Gate−0.267%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.065%+$7 on $10k
Price spread, last 7 days+0.243%+$24 · spread now −0.267%, 7d avg +0.008%
Together, before fees+0.309%+ Points / potential airdropVariational Omni: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.275% cheaper against Gate than usual: you would sell low and buy high (spread −0.267% now, against its 7-day average of +0.008%). If the spread goes back, that is −$27 on $10k: about 25 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,748.90.0058pay 0.0058% / 8h6h 51m$3.33B$8.72B200x
ShortVariational Omni ETH2,741.60.0095get 0.0095% / 8h6h 51m$132.7M$345.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$7.81
Price spread: −0.267% → +0.008%
−$27.46
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$34.65
Costs to cover
0.150%
Break-even
38.1 days
Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Gate live order book, 2 min ago0.02 bp7.5 bp −$87.5 bp −$7510.8 bp −$1,07519.4 bp −$9,709
Sell Variational Omni RFQ quote, 3 min ago0.51 bpdoesn't fit1.1 bp −$115.6 bp −$562doesn't fit

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−0.0449%1h2,745.8−0.113%$8.7M$31.5M100xas long as short
Perpl ETH−0.0447%43m2,750+0.039%$323K$6.2M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.7+0.029%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.2+0.046%$5.5M$11.3M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,749.1+0.006%$12.0M—200xas long as short
Phoenix ETH−0.0006%1h2,756.1+0.262%$865K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,750.6+0.060%$10.9M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.6−0.012%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0008%1h2,750.2+0.047%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0028%8h2,749.7+0.028%—$1.20B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0035%8h2,748.1−0.030%$1.67B$11.07B100xas long as short
HTX ETH-USDT+0.0038%8h2,749.1+0.005%$1.07B$1.23B200xas long as short
Aster ETHUSDT+0.0046%8h2,750.2+0.045%$255.9M$854.7M200xas long as short
MEXC ETH_USDT+0.0055%8h2,749.5+0.023%$1.58B$2.53B500xas long as short
Aevo ETH-PERP+0.0056%1h2,747.3−0.059%$4.9M$163K20xas long as short
Binance ETHUSDT+0.0058%8h2,749.8+0.031%$6.37B$16.32B150xas long as short
Gate ETH_USDTlong+0.0058%8h2,748.9long leg$3.33B$8.72B200x
KuCoin ETHUSDTM+0.0082%8h2,750.4+0.054%$385.0M$607.1M100xas long as short
Bitget ETHUSDT+0.0083%8h2,749.5+0.022%$2.07B$2.86B150xas long as short
Deribit ETH-PERPETUAL+0.0088%1h2,751+0.074%$258.8M$202.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,751.2+0.085%$59.6M$4.39B50xas long as short
Aftermath Perps ETHUSD+0.0089%1h2,750+0.040%$30K$21K20xas long as short
Variational Omni ETHshort+0.0095%8h2,741.6−0.267%$132.7M$345.8M—
Lighter ETH+0.0096%1h2,749.1+0.008%$113.2M$438.9M50xas long as short
Lighter RH ETH+0.0096%1h2,750.9+0.073%$25.0M$105.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,750.1+0.042%—$35.7M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,751.7+0.102%$15.9M$8.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.3+0.014%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,750.1+0.042%$14.0M$113.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,752.3+0.123%$3.13B$2.14B25xas long as short
Pacifica ETH+0.0100%1h2,749.3+0.016%$31.2M$332.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748.5−0.014%$2.46B$4.35B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,749.1+0.007%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.7+0.064%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,752.6+0.136%$169.2M$297.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,749.7+0.030%$14.9M$42.5M50xas long as short
edgeX ETHUSDC+0.0100%4h2,743.2−0.206%$183.8M$733.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.066%$159.8M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,745.9−0.109%$21.2M$65.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.8+0.033%—$871K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.9+0.036%$10.4M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.7−0.008%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.3+0.015%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,751.2+0.084%$42.0M$29.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,749.1+0.008%$963K$12.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,749.6+0.025%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,749.8+0.032%$267.4M$66.2M150xas long as short
Extended ETH-USD+0.0104%1h2,749+0.001%$30.5M$74.2M50xas long as short
Kalshi KXETHPERP+0.0130%8h2,750+0.040%$7.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0160%8h2,751.5+0.095%$32.4M$11.2M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,748.1−0.030%$250K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,747.3−0.057%$286.1M$178.5M150xas long as short
Injective ETH/USDC PERP+0.0209%1h2,744.5−0.160%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0217%1h2,749.3+0.013%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,751+0.076%$93.1M$319.7M100xas long as short