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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:40 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.067%
Price spread now: Perpl against KuCoin−0.002%7-day average +0.016% · 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+0.123%+$12 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.002%, 7d avg +0.016%
Together, before fees+0.127%+ Points / potential airdropPerpl: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETHUSDTM2,732.10.0070pay 0.0070% / 8h46m 53s$385.1M$577.6M100x
ShortPerpl ETH2,7320get 0.0000% / 43m35m 53s$286K$5.7M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$14.7
Price spread: −0.002% → +0.016%
−$1.81
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$42.31
Costs to cover
0.258%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; Perpl: 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, 2 min ago0.02 bp7.1 bp −$78.1 bp −$8111.2 bp −$1,120doesn't fit
Sell Perpl no order-book sample
Perpl: 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
BloFin ETH-USDT−0.0132%8h2,732.10.000%$281.6M$178.1M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.6+0.020%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730.5−0.057%$811K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733+0.035%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,732.9+0.032%$10.5M$42.6M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.1+0.038%$6.6M$680.4M4.9xas long as short
Perpl ETHshort0.0000%43m2,732−0.002%$286K$5.7M8.3x
Deribit ETH-PERPETUAL0.0000%1h2,733.3+0.045%$262.4M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733.1+0.038%$33.0M200xas long as short
BingX ETH-USDC+0.0019%8h2,731.6−0.017%$18.6Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0024%8h2,732.1+0.001%$2.33B$4.37B150xas long as short
HTX ETH-USDT+0.0029%8h2,731.8−0.009%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,732.8+0.027%$192K$892K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,732.1+0.001%$8.6M$31.6M100xas long as short
Injective ETH/USDC PERP+0.0050%1h2,733.8+0.064%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,732.8+0.027%$82.1M$309.3M100xas long as short
KuCoin ETHUSDTMlong+0.0070%8h2,732.1long leg$385.1M$577.6M100x
OKX ETH-USDT-SWAP+0.0076%8h2,732.3+0.008%$1.65B$10.86B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,733.9+0.069%$242K$1.4M20xas long as short
Aster ETHUSDT+0.0082%8h2,732.10.000%$253.0M$849.8M200xas long as short
MEXC ETH_USDT+0.0093%8h2,731.9−0.005%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0094%8h2,731.9−0.004%$6.32B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,732.7+0.025%$112.7M$429.3M50xas long as short
Lighter RH ETH+0.0096%1h2,734.1+0.075%$23.5M$101.9M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.6−0.053%$4.9M$181K20xas long as short
Phemex ETHUSDT+0.0098%8h2,732.8+0.026%$263.4M$64.5M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,732.1+0.002%$500K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.5+0.163%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9−0.006%$14.0M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.6+0.094%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.043%$32.2M$333.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733+0.035%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733+0.035%$1.5M$15.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,729.5−0.093%$162.7M$356.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.1+0.001%$3.31B$8.85B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.7+0.024%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.1+0.001%$15.0M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729−0.112%$134.0M$319.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,729.8−0.081%$185.6M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.4−0.061%$158.7M$83.6M50xas long as short
StandX ETH-USD+0.0100%1h2,733.4+0.049%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,734.1+0.074%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,734+0.071%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.7+0.023%$186K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.2+0.041%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.2+0.080%$41.0M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,731.3−0.026%$958K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,732.2+0.005%$54.4M$187.1M40xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,731.6−0.017%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,731−0.037%$30.4M$72.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,732.6+0.021%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.8+0.063%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0114%1h2,732.8+0.027%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0184%1h2,731.9−0.006%$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,735.1+0.110%$32.2M$11.3M100xas long as short