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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.003%
Price spread now: Ondo Perps against KuCoin−0.013%7-day average −0.013% · you buy dearer than you sell
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 7 days+0.113%+$11 on $10k
Price spread, last 7 days−0.176%−$18 · spread now −0.013%, 7d avg −0.013%
Together, before fees−0.063%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,725.30.0072pay 0.0072% / 8h1h 36m$376.0M$577.6M100x
ShortOndo Perps ETH-USD.P2,724.90.0100get 0.0013% / 1h36m 21s$2.7M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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
$5.88
Price spread: −0.013% → −0.013%
$0
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$11.12
Costs to cover
0.170%
Break-even
20.2 days
Slippage unknown: KuCoin: live order book, 3 min ago; Ondo Perps: 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 KuCoin live order book, 3 min ago0.02 bp6.0 bp −$68.0 bp −$8010.7 bp −$1,070doesn't fit
Sell Ondo Perps no order-book sample
Ondo 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
ApeX Omni ETHUSDT−0.0113%1h2,727.4+0.078%$8.6M$31.4M100xas long as short
Perpl ETH−0.0112%43m2,725.4+0.006%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.3+0.038%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6+0.086%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.9+0.023%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,727.4+0.079%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,725.9+0.022%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,727+0.064%$6.7M$689.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727+0.063%$262.7M$215.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,726.2+0.033%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0009%8h2,725.8+0.020%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0024%1h2,726.1+0.031%$192K$895K50xas long as short
BingX ETH-USDC+0.0030%8h2,724.7−0.022%$18.6Mas long as short
Bybit ETHUSDT+0.0033%8h2,725.4+0.006%$2.34B$4.42B150xas long as short
SoDEX ETH-USD+0.0064%1h2,726.2+0.034%$54.3M$187.5M40xas long as short
KuCoin ETHUSDTMlong+0.0072%8h2,725.3long leg$376.0M$577.6M100x
Aster ETHUSDT+0.0083%8h2,725.5+0.008%$251.9M$850.0M200xas long as short
SunX ETH-USDT+0.0085%8h2,726.2+0.034%$955K$11.1M100xas long as short
Aftermath Perps ETHUSD+0.0086%1h2,727+0.065%$30K$20K20xas long as short
OKX ETH-USDT-SWAP+0.0088%8h2,725.4+0.007%$1.65B$10.92B100xas long as short
Aevo ETH-PERP+0.0088%1h2,723.9−0.048%$4.9M$165K20xas long as short
MEXC ETH_USDT+0.0090%8h2,725.30.000%$1.52B$2.59B500xas long as short
Binance ETHUSDT+0.0091%8h2,725.5+0.010%$6.32B$16.18B150xas long as short
Lighter ETH+0.0096%1h2,725.9+0.022%$111.9M$434.1M50xas long as short
Lighter RH ETH+0.0096%1h2,727.2+0.072%$23.4M$103.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.3+0.001%$508K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,729.2+0.146%$15.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.5+0.009%$179K$1.7M20xas long as short
Nado ETH-PERP+0.0100%1h2,725.3+0.002%$14.1M$105.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,727.4+0.079%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.5+0.047%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,724.9−0.013%$2.7M$16.8M25x
Arcus ETH-USD+0.0100%1h2,726.1+0.030%$1.5M$16.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,727.3+0.074%$162.4M$353.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,725.7+0.014%$3.29B$8.97B200xas long as short
Bitget ETHUSDT+0.0100%8h2,724.8−0.017%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.4+0.003%$15.0M$41.9M50xas long as short
Variational Omni ETH+0.0100%8h2,726.2+0.033%$133.5M$324.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.5−0.026%$184.7M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.6+0.050%$158.4M$87.4M50xas long as short
StandX ETH-USD+0.0100%1h2,726.9+0.060%$21.0M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,726.6+0.050%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,726.4+0.042%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.1+0.029%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.9+0.096%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,726.2+0.034%$262.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,724.3−0.034%$30.4M$74.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,725.9+0.022%$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,727.7+0.090%$50.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,726.1+0.031%$5.6M$11.7M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,728.1+0.105%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0192%1h2,724.1−0.043%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,726.9+0.059%$83.2M$311.7M100xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,727.7+0.088%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0363%8h2,726.2+0.033%$281.8M$175.4M150xas long as short