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 07:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.029%
Price spread now: Coinbase International against GMX+0.032%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.032%, 7d avg +0.005%
Together, before fees−0.058%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.027% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,722.2L −0.0010% / S +0.0043%get 0.0001% / 1h23m 58s$11.9M—200x
ShortCoinbase International ETH-PERP-INTX2,7230.0112get 0.0014% / 1h23m 58s$46.5M$4.27B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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
$25.57
Price spread: +0.032% → +0.005%
$2.69
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$6.26
Costs to cover
0.220%
Break-even
5.3 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 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 GMX no order-book sample—————
Sell Coinbase International live order book, 5 min ago0.02 bp5.0 bp −$55.5 bp −$559.5 bp −$94921.4 bp −$10.7K
GMX: 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−0.0447%43m2,722.4+0.008%$277K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0181%8h2,722.7+0.021%$281.2M$177.3M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.5+0.049%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.3+0.078%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]longL −0.0010% / S +0.0043%1h2,722.2long leg$11.9M—200x
dYdX ETH-USD0.0000%1h2,723.5+0.047%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,722.4+0.008%$6.7M$680.1M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,722.6+0.017%$262.2M$211.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,722.2+0.001%$32.8M—200xas long as short
BingX ETH-USDT+0.0017%8h2,721.9−0.011%—$1.09B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,721.8−0.013%$2.31B$4.35B150xas long as short
HTX ETH-USDT+0.0030%8h2,721.9−0.010%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,722.5+0.012%$190K$884K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,727+0.178%$8.5M$31.6M100xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,723.8+0.059%$241K$1.4M20xas long as short
Injective ETH/USDC PERP+0.0050%1h2,723.9+0.064%$117K$21.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,722.5+0.011%$81.8M$310.4M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,722.1−0.003%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,722−0.008%$381.6M$577.6M100xas long as short
Aster ETHUSDT+0.0077%8h2,722.2+0.001%$252.1M$848.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,719.6−0.093%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0090%8h2,722−0.008%$6.30B$16.12B150xas long as short
MEXC ETH_USDT+0.0090%8h2,722.1−0.004%$1.58B$2.58B500xas long as short
SoDEX ETH-USD+0.0092%1h2,721.9−0.010%$54.2M$182.7M40xas long as short
Lighter ETH+0.0096%1h2,722.5+0.013%$112.0M$432.5M50xas long as short
Lighter RH ETH+0.0096%1h2,723.7+0.057%$23.4M$102.4M50xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,725+0.106%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,721.8−0.014%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,726.5+0.159%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,721.5−0.024%$14.1M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.064%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,722.9+0.028%$31.9M$333.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,721.8−0.014%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,722.3+0.004%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,722.3+0.004%$3.30B$8.92B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722−0.007%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,722.1−0.001%$14.9M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722−0.008%$133.5M$316.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,726.1+0.144%$185.4M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7+0.131%$158.4M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,724.5+0.086%$20.9M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,723.6+0.054%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,723+0.031%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,721.8−0.014%$184K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,723.5+0.049%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,721.3−0.034%$955K$10.8M100xas long as short
Phemex ETHUSDT+0.0100%8h2,721.8−0.013%$262.3M$64.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,727.2+0.184%$162.8M$356.2M25xas long as short
Extended ETH-USD+0.0104%1h2,721.2−0.034%$30.4M$71.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,722.2+0.001%—$30.2M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,723+0.032%$46.5M$4.27B50x
RISEx ETH/USDC+0.0114%1h2,722.2+0.001%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0180%1h2,721−0.042%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,724.4+0.082%$32.1M$11.2M100xas long as short
Bluefin ETH-PERP+0.0226%1h2,749.7+1.010%$20K$23K25xas long as short