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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: Bitget against Ondo Perps+0.004%7-day average +0.011% · 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 7 days−0.090%−$9 on $10k
Price spread, last 7 days+0.521%+$52 · spread now +0.004%, 7d avg +0.011%
Together, before fees+0.431%+ Points / potential airdropOndo Perps: Active · farm board+$43 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,721.80.0100pay 0.0013% / 1h24m 25s$2.7M$16.8M25x
ShortBitget ETHUSDT2,721.90.0100get 0.0100% / 8h24m 25s$2.10B$2.77B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Ondo 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
Price spread: +0.004% → +0.011%
−$0.64
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.64
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 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 Ondo Perps no order-book sample
Sell Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.1 bp −$617.4 bp −$740doesn't fit
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
Perpl ETH−0.0447%43m2,722.4+0.022%$277K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0181%8h2,722.7+0.034%$281.2M$177.3M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,723.5+0.062%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,724.3+0.092%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,723.1+0.049%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,723.5+0.061%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,723.2+0.051%$6.7M$679.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,722.6+0.030%$262.2M$211.4M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,723.1+0.046%$32.9M200xas long as short
BingX ETH-USDT+0.0017%8h2,721.6−0.006%$1.09Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,721.5−0.012%$2.31B$4.35B150xas long as short
HTX ETH-USDT+0.0030%8h2,722+0.008%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,722.5+0.026%$190K$884K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,727+0.191%$8.5M$31.6M100xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,723.8+0.073%$241K$1.4M20xas long as short
Injective ETH/USDC PERP+0.0050%1h2,723.9+0.077%$117K$21.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,722.5+0.025%$81.8M$310.4M100xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,722+0.007%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,721.5−0.011%$381.5M$577.6M100xas long as short
Aster ETHUSDT+0.0077%8h2,721.9+0.004%$252.1M$848.4M200xas long as short
Aevo ETH-PERP+0.0088%1h2,719.6−0.079%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0090%8h2,721.80.000%$6.30B$16.12B150xas long as short
MEXC ETH_USDT+0.0090%8h2,721.80.000%$1.58B$2.58B500xas long as short
SoDEX ETH-USD+0.0092%1h2,721.9+0.004%$54.2M$182.7M40xas long as short
Lighter ETH+0.0096%1h2,722.2+0.015%$112.0M$432.4M50xas long as short
Lighter RH ETH+0.0096%1h2,723.6+0.065%$23.4M$102.3M50xas long as short
Aftermath Perps ETHUSD+0.0099%1h2,725+0.119%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,721.80.000%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,726.5+0.172%$15.3M$7.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,721.5−0.011%$14.1M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.077%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,722.9+0.042%$31.9M$333.5M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,721.8long leg$2.7M$16.8M25x
Arcus ETH-USD+0.0100%1h2,722.3+0.017%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,722+0.006%$3.30B$8.92B200xas long as short
Bitget ETHUSDTshort+0.0100%8h2,721.9+0.004%$2.10B$2.77B150x
Backpack ETH_USDC_PERP+0.0100%1h2,722.9+0.040%$14.9M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722+0.006%$133.5M$316.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,726.1+0.158%$185.4M$681.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,725.7+0.144%$158.4M$81.8M50xas long as short
StandX ETH-USD+0.0100%1h2,724.5+0.099%$20.9M$70.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,723.6+0.068%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,723+0.044%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,721.80.000%$184K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,723.5+0.062%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,721.3−0.020%$955K$10.8M100xas long as short
Phemex ETHUSDT+0.0100%8h2,722.6+0.028%$262.4M$64.4M150xas long as short
Bulk ETH-USD+0.0100%1h2,727.2+0.198%$162.8M$356.2M25xas long as short
Extended ETH-USD+0.0104%1h2,721.1−0.027%$30.4M$71.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,722.2+0.014%$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,723+0.045%$46.5M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,722.2+0.014%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0180%1h2,721−0.028%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0184%8h2,724.4+0.096%$32.1M$11.2M100xas long as short
Bluefin ETH-PERP+0.0226%1h2,749.7+1.024%$20K$23K25xas long as short