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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0077%/8h= +8.5% APRnext payment +$0.77 per $10,000 · paid last 24h +0.014%
Price spread now: SunX against OKX−0.013%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 3 days (all we have)−0.089%−$9 · spread now −0.013%, 7d avg −0.010%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,7680.0023pay 0.0023% / 8h2h 43m$1.70B$11.83B100x
ShortSunX ETH-USDT2,767.60.0100get 0.0100% / 8h2h 43m$971K$14.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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
$16.27
Price spread: −0.013% → −0.010%
−$0.38
Slippage, 4 orders
−$3.33
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$5.44
Costs to cover
0.213%
Break-even
9.3 days
Slippage from OKX: live order book, 5 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5497.4 bp −$3,712
Sell SunX live order book, 5 min ago0.58 bp4.6 bp −$54.7 bp −$476.4 bp −$639doesn't fit

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%43m2,768+0.001%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.098%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0095%1h2,771.1+0.113%$10.5M$31.0M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.4+0.015%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.4+0.015%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.120%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.4+0.016%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,769.1+0.041%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.5+0.017%$22.4M200xas long as short
Phemex ETHUSDT+0.0022%8h2,768.1+0.003%$266.3M$66.0M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPlong+0.0023%8h2,768long leg$1.70B$11.83B100x
Aftermath Perps ETHUSD+0.0024%1h2,771.8+0.137%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,768.5+0.018%$13.1M200xas long as short
Aster ETHUSDT+0.0042%8h2,768.5+0.018%$255.8M$995.5M200xas long as short
MEXC ETH_USDT+0.0044%8h2,769+0.038%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,768.5+0.017%$6.43B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,765.8−0.078%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0060%8h2,769.1+0.041%$3.29B$9.57B200xas long as short
Bitget ETHUSDT+0.0074%8h2,769+0.035%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0080%1h2,767.8−0.007%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.111%$141.1M$318.8Mas long as short
Lighter ETH+0.0096%1h2,768.3+0.010%$115.1M$509.2M50xas long as short
Lighter RH ETH+0.0096%1h2,769.6+0.057%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,768.9+0.034%$41.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.7−0.009%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.7+0.026%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768+0.001%$16.0M$114.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.8+0.102%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,768.6+0.022%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.1+0.004%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.8−0.007%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.3+0.085%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.103%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,769.2+0.042%$424.9M$742.3M100xas long as short
BingX ETH-USDT+0.0100%8h2,768.2+0.007%$1.19Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.5+0.018%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,771.4+0.124%$178.2M$790.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.7+0.134%$161.2M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.087%$21.4M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.2+0.043%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.065%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.3+0.013%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,769.8+0.066%$42.8M$29.4M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,767.6−0.013%$971K$14.3M100x
SoDEX ETH-USD+0.0100%1h2,767.3−0.025%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,767−0.036%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,768.6+0.022%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,768.9+0.034%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,768.9+0.033%$8.7M$671.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,770.3+0.082%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0165%8h2,767.9−0.003%$286.6M$195.3M150xas long as short
Deribit ETH-PERPETUAL+0.0173%1h2,769.4+0.051%$259.0M$223.4M50xas long as short
Reya ETHRUSDPERP+0.0189%1h2,767.5−0.019%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,768.6+0.022%$88.4M$329.8M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,770.3+0.083%$273K$1.5M20xas long as short