Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: edgeX against Ondo Perps+0.128%7-day average −0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.236%+$24 · spread now +0.128%, 7d avg −0.002%

Together, before fees+0.265%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$27 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: edgeX is 0.130% dearer against Ondo Perps than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ETH-USD.P	2,769.4	0.0100	pay 0.0013% / 1h	50m 42s	$2.9M	$16.5M	25x
Short	edgeX ETHUSDC	2,772.9	0.0100	get 0.0050% / 4h	2h 50m	$178.4M	$789.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.002%: $13.01
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.99
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.04 bp	6.2 bp −$6	6.2 bp −$62	6.3 bp −$630	7.6 bp −$3,819

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,769.7	+0.010%	$289K	$6.9M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0176%	1h	2,772.5	+0.111%	$10.5M	$31.0M	100x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,774.7	+0.191%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.8	+0.087%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0072%	1h	2,770.5	+0.040%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,776.7	+0.264%	$797K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,770.4	+0.036%	$5.8M	$12.0M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.5	+0.074%	$12.9M	$45.3M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,770.9	+0.054%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0017%	8h	2,771.3	+0.068%	—	$17.3M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,770.8	+0.049%	$1.70B	$11.90B	100x	as long as short
Phemex ETHUSDT	+0.0024%	8h	2,770.1	+0.025%	$266.5M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,770.7	+0.048%	$13.0M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0034%	1h	2,775.8	+0.230%	$29K	$22K	20x	as long as short
Aevo ETH-PERP	+0.0040%	1h	2,767.3	−0.075%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0043%	8h	2,771	+0.056%	$1.59B	$2.62B	500x	as long as short
Aster ETHUSDT	+0.0043%	8h	2,770.9	+0.055%	$255.9M	$999.1M	200x	as long as short
Binance ETHUSDT	+0.0043%	8h	2,771	+0.056%	$6.45B	$17.27B	150x	as long as short
Gate ETH_USDT	+0.0056%	8h	2,771.2	+0.066%	$3.29B	$9.54B	200x	as long as short
SoDEX ETH-USD	+0.0070%	1h	2,769.1	−0.011%	$55.1M	$228.6M	40x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,770.2	+0.029%	$2.09B	$3.14B	150x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,769.7	+0.012%	$186K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0092%	8h	2,775.7	+0.229%	$140.7M	$320.1M	—	as long as short
Lighter ETH	+0.0096%	1h	2,771.3	+0.069%	$115.2M	$508.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.2	+0.102%	$25.3M	$121.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770.4	+0.037%	—	$42.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,772.1	+0.098%	$15.9M	$11.0M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,770.4	+0.036%	$489K	$2.6M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.6	+0.006%	$16.1M	$115.2M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.3	+0.141%	$3.20B	$2.38B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.4	+0.073%	$31.2M	$281.2M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.9	+0.053%	$2.51B	$4.65B	150x	as long as short
Ondo Perps ETH-USD.Plong	+0.0100%	1h	2,769.4	long leg	$2.9M	$16.5M	25x
Arcus ETH-USD	+0.0100%	1h	2,772.3	+0.103%	$2.8M	$17.7M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.8	+0.052%	$164.5M	$255.4M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,771	+0.057%	$426.3M	$745.2M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,770.9	+0.052%	$15.4M	$42.5M	50x	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,772.9	+0.128%	$178.4M	$789.3M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777	+0.276%	$161.5M	$98.2M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.2	+0.101%	$21.4M	$57.5M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,771.5	+0.076%	$10.8M	$7.9M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,770.4	+0.036%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,772.3	+0.103%	$42.9M	$29.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,769.6	+0.007%	$972K	$14.3M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.9	−0.018%	$1.08B	$1.32B	200x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771	+0.059%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.9	+0.055%	$31.6M	$76.3M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,771.4	+0.071%	$60.2M	$4.65B	50x	as long as short
Kalshi KXETHPERP	+0.0113%	8h	2,770.9	+0.054%	$8.6M	$671.4M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0128%	8h	2,772.8	+0.122%	$32.5M	$11.8M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0151%	1h	2,771.3	+0.069%	$258.9M	$223.4M	50x	as long as short
BloFin ETH-USDT	+0.0163%	8h	2,769	−0.014%	$286.4M	$197.5M	150x	as long as short
Reya ETHRUSDPERP	+0.0192%	1h	2,769	−0.013%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,770.9	+0.054%	$88.5M	$331.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0368%	1h	2,774.6	+0.188%	$273K	$1.5M	20x	as long as short