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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.026%
Price spread now: Pacifica against GMX+0.009%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 3 days (all we have)−0.045%−$5 · spread now +0.009%, 7d avg −0.009%
Together, before fees−0.049%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,766.1L +0.0028% / S +0.0009%pay 0.0003% / 1h40m 43s$13.1M200x
ShortPacifica ETH2,766.40.0100get 0.0013% / 1h40m 43s$31.2M$283.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$15.21
Price spread: +0.009% → −0.009%
$1.86
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$2.93
Costs to cover
0.200%
Break-even
8.3 days
Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 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 GMX no order-book sample
Sell Pacifica live order book, 3 min ago0.18 bp4.2 bp −$44.5 bp −$45doesn't fitdoesn't fit
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%43m2,765.5−0.023%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0119%1h2,768.2+0.073%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.002%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.6+0.053%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,765.4−0.027%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.186%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,766−0.006%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,765.9−0.009%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.2+0.002%$22.3M200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,765.3−0.030%$1.70B$11.83B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0024%1h2,770+0.140%$29K$21K20xas long as short
Phemex ETHUSDT+0.0027%8h2,765.7−0.017%$266.1M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0028% / S +0.0009%1h2,766.1long leg$13.1M200x
Aster ETHUSDT+0.0039%8h2,765.3−0.029%$255.7M$995.9M200xas long as short
MEXC ETH_USDT+0.0044%8h2,765.6−0.019%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0045%8h2,765.8−0.011%$6.43B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,763.4−0.098%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0060%8h2,765.5−0.023%$3.29B$9.58B200xas long as short
Bitget ETHUSDT+0.0074%8h2,765.3−0.029%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,765.2−0.034%$184K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0090%1h2,767.2+0.038%$258.7M$224.0M50xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.178%$141.1M$318.8Mas long as short
Lighter ETH+0.0096%1h2,766.3+0.005%$115.0M$510.2M50xas long as short
Lighter RH ETH+0.0096%1h2,767.4+0.046%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,766−0.005%$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,765.3−0.030%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,765.9−0.009%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,765.1−0.037%$14.9M$116.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.1+0.071%$3.19B$2.39B25xas long as short
Pacifica ETHshort+0.0100%1h2,766.4+0.009%$31.2M$283.2M50x
Bybit ETHUSDT+0.0100%8h2,765.2−0.033%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,765.7−0.016%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.8+0.058%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.022%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,765.7−0.017%$424.4M$742.4M100xas long as short
BingX ETH-USDC+0.0100%8h2,765.6−0.021%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.3+0.004%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.1+0.106%$178.0M$791.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.5+0.087%$161.0M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,767.1+0.035%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,766.5+0.013%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,766.8+0.024%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.10.000%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.9+0.062%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.5−0.060%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.6−0.020%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,765−0.042%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,765.2−0.035%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.5+0.049%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,766.5+0.013%$8.6M$672.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,768.3+0.077%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,765.5−0.024%$286.3M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,764.4−0.062%$7.5M$989K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767.2+0.037%$88.3M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0408%1h2,769.1+0.105%$272K$1.5M20xas long as short