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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Katana Perps−0.064%7-day average +0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 7 days+0.057%+$6 · spread now −0.064%, 7d avg +0.042%
Together, before fees+0.051%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.106% cheaper against Katana Perps than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ETH-USD2,770.20.0100pay 0.0100% / 8h8m 36s$475K$2.8M50x
ShortVariational Omni ETH2,768.40.0100get 0.0100% / 8h8m 36s$147.1M$335.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Katana Perps. 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
$0.04
Price spread: −0.064% → +0.042%
−$10.56
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$14.32
Costs to cover
0.038%
Break-even
2279.7 days
Slippage unknown: Katana Perps: no order-book sample; Variational Omni: RFQ quote, 1 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 Katana Perps no order-book sample—————
Sell Variational Omni RFQ quote, 1 min ago0.54 bpdoesn't fit0.5 bp −$54.1 bp −$412doesn't fit
Katana Perps: 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%43m2,770.20.000%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.6+0.013%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.292%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.083%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.010%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1−0.004%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.040%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.047%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.043%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.1−0.005%$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+0.039%$12.8M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.019%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.050%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.2−0.002%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770−0.007%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.016%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,769.9−0.011%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.9−0.009%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.051%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770−0.008%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.3+0.004%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.1−0.004%$421.1M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.051%$259.0M$222.1M50xas long as short
Bybit ETHUSDT+0.0088%8h2,770.20.000%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,769.7−0.019%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.063%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8−0.014%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.029%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.2+0.001%$115.0M$501.2M50xas long as short
Lighter RH ETH+0.0096%1h2,771.8+0.058%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5+0.009%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.7−0.019%$15.9M$10.1M50xas long as short
Katana Perps ETH-USDlong+0.0100%8h2,770.2long leg$475K$2.8M50x
Hyperliquid ETH+0.0100%1h2,772.2+0.072%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.5+0.011%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6−0.022%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.2+0.036%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.029%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.021%$15.1M$44.2M50xas long as short
Variational Omni ETHshort+0.0100%8h2,768.4−0.064%$147.1M$335.8M—
edgeX ETHUSDC+0.0100%4h2,770−0.008%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.054%$161.0M$89.8M50xas long as short
StandX ETH-USD+0.0100%1h2,770.5+0.011%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.014%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.037%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.027%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.108%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.5−0.024%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.032%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.032%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.044%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.114%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.018%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1−0.002%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.059%$252K$1.6M20xas long as short