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+0.0006%/8h= +0.7% APRpaid last 24h +0.028%
Price spread now: Bluefin against HTX+0.051%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.051% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,769.80.0094pay 0.0094% / 8h8m 46s$1.08B$1.32B200x
ShortBluefin ETH-PERP2,771.20.0100get 0.0013% / 1h8m 46s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against HTX. 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
$1.34
Price spread: +0.051% → 0.000%
$5.09
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$12.57
Costs to cover
0.190%
Break-even
72.9 days
Slippage unknown: HTX: live order book, 5 min ago; Bluefin: no order-book sample. 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 HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$608.0 bp −$80011.0 bp −$5,501
Sell Bluefin no order-book sample
Bluefin: 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−0.0223%43m2,770.2+0.013%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.8−0.001%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.279%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.097%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.024%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1+0.010%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.053%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.061%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.057%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,769.8−0.001%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.053%$12.8M200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.006%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.064%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.7+0.031%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770+0.006%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.030%$181K$1.7M20xas long as short
Binance ETHUSDT+0.0056%8h2,770.4+0.020%$6.45B$17.30B150xas long as short
MEXC ETH_USDT+0.0056%8h2,771+0.042%$1.62B$2.66B500xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.065%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770+0.006%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.8+0.035%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,771.7+0.067%$421.3M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.065%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770+0.005%$2.50B$4.62B150xas long as short
BingX ETH-USDT+0.0088%8h2,770.3+0.016%$1.24Bas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.077%$60.3M$4.59B50xas long as short
HTX ETH-USDTlong+0.0094%8h2,769.8long leg$1.08B$1.32B200x
Nado ETH-PERP+0.0096%1h2,769.4−0.016%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.7+0.031%$115.1M$500.7M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.087%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5+0.023%$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.1−0.026%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.7−0.004%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.086%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.1+0.011%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.9+0.003%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.026%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.015%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.035%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.050%$147.1M$335.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,770+0.006%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.040%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.025%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.028%$10.6M$8.0M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,771.2+0.051%$21K$24K25x
SunX ETH-USDT+0.0100%8h2,769.5−0.013%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.122%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,770.6+0.027%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.046%$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.046%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.058%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.128%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.032%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1+0.012%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.072%$252K$1.6M20xas long as short