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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0111%/8h= −12.1% APRnext payment $0.14 per $10,000 · paid last 24h 0.000%
Price spread now: RISEx against Ondo Perps+0.020%7-day average +0.034% · 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 3 days (all we have)+0.019%+$2 on $10k
Price spread, last 7 days+0.313%+$31 · spread now +0.020%, 7d avg +0.034%
Together, before fees+0.332%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,773.50.0100pay 0.0013% / 1h26m 12s$2.9M$16.6M25x
ShortRISEx ETH/USDC2,774.1−0.0011pay 0.0001% / 1h26m 12s$5.8M$11.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$23.21
Price spread: +0.020% → +0.034%
−$1.36
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$35.57
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell RISEx live order book, 3 min ago0.02 bp3.0 bp −$33.6 bp −$36doesn't fitdoesn'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−0.0112%43m2,774.5+0.036%$290K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.267%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9−0.058%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,774.4+0.032%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,768.8−0.169%$795K$3.7M25xas long as short
RISEx ETH/USDCshort−0.0011%1h2,774.1+0.020%$5.8M$11.9M25x
ApeX Omni ETHUSDT−0.0008%1h2,768.6−0.178%$8.8M$32.5M100xas long as short
dYdX ETH-USD0.0000%1h2,773.8+0.011%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.3+0.138%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0008%1h2,770.4−0.113%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0011%8h2,776.7+0.117%$267.3M$66.0M150xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775.6+0.077%$1.71B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,777.1+0.132%$13.2M200xas long as short
Aster ETHUSDT+0.0037%8h2,776.2+0.097%$256.6M$995.9M200xas long as short
MEXC ETH_USDT+0.0045%8h2,776+0.088%$1.61B$2.67B500xas long as short
Binance ETHUSDT+0.0046%8h2,776.1+0.095%$6.44B$17.22B150xas long as short
Aevo ETH-PERP+0.0048%1h2,774.7+0.043%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0071%8h2,776.1+0.093%$3.29B$9.64B200xas long as short
Bitget ETHUSDT+0.0073%8h2,775.8+0.084%$2.10B$3.12B150xas long as short
Bullet ETH-USD+0.0079%1h2,776.1+0.096%$185K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,768.2−0.190%$140.3M$320.2Mas long as short
Lighter ETH+0.0096%1h2,776.5+0.109%$115.4M$513.3M50xas long as short
Lighter RH ETH+0.0096%1h2,777.9+0.160%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.9+0.052%$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,773.50.000%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.4+0.032%$482K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.2−0.010%$14.7M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.3+0.173%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,774.6+0.040%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,776+0.092%$2.52B$4.64B150xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,773.5long leg$2.9M$16.6M25x
Arcus ETH-USD+0.0100%1h2,775.8+0.084%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.273%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,776.8+0.120%$424.4M$741.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,775.8+0.083%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.8+0.120%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,766.7−0.247%$177.8M$792.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.6−0.176%$161.0M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,769.6−0.141%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,774.4+0.033%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,775.7+0.079%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.5+0.143%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.4+0.178%$42.7M$29.2M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.6+0.074%$973K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,776+0.090%$55.3M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,776+0.091%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,775.6+0.077%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.7+0.151%$60.3M$4.63B50xas long as short
Kalshi KXETHPERP+0.0119%8h2,775.1+0.058%$8.5M$672.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,779.6+0.221%$32.6M$12.0M100xas long as short
BloFin ETH-USDT+0.0166%8h2,773.2−0.011%$285.3M$195.4M150xas long as short
Deribit ETH-PERPETUAL+0.0179%1h2,777.7+0.153%$258.4M$224.8M50xas long as short
Reya ETHRUSDPERP+0.0182%1h2,774.3+0.027%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,777.3+0.138%$87.0M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0424%1h2,771.5−0.072%$285K$1.5M20xas long as short