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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0171%/8h= −18.7% APRnext payment $0.21 per $10,000 · paid last 24h −0.003%
Price spread now: RISEx against Pacifica+0.017%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.166% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.017%, 7d avg 0.000%
Together, before fees0.000%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,749.70.0100pay 0.0013% / 1h30m 31s$31.5M$333.7M50x
ShortRISEx ETH/USDC2,750.2−0.0071pay 0.0009% / 1h30m 31s$5.5M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Pacifica. 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
−$35.94
Price spread: +0.017% → 0.000%
$1.71
Slippage, 4 orders
−$2.59
Fee Pacifica: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$50.83
Costs to cover
0.166%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; RISEx: live order book, 4 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 Pacifica live order book, 4 min ago0.18 bp4.4 bp −$44.9 bp −$49doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago0.98 bp4.0 bp −$45.0 bp −$50doesn't fitdoesn't fit

ETH on 54 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%43m2,748.2−0.055%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.3−0.015%$5K$1K50xas long as short
RISEx ETH/USDCshort−0.0071%1h2,750.2+0.017%$5.5M$11.2M25x
ApeX Omni ETHUSDT−0.0042%1h2,744.9−0.173%$8.7M$31.8M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.6−0.042%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,746.4−0.120%$847K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,748−0.061%$10.8M$41.8M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.4−0.048%$22.2M200xas long as short
01 Exchange ETHUSD+0.0016%1h2,750.4+0.025%$181K$1.1M50xas long as short
BingX ETH-USDT+0.0033%8h2,749.8+0.003%$1.19Bas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0043%8h2,750.2+0.020%$1.69B$11.02B100xas long as short
HTX ETH-USDT+0.0044%8h2,747.9−0.066%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0063%8h2,749−0.025%$252.9M$859.0M200xas long as short
MEXC ETH_USDT+0.0072%8h2,749.5−0.008%$1.56B$2.56B500xas long as short
Aevo ETH-PERP+0.0072%1h2,746.2−0.127%$4.9M$168K20xas long as short
KuCoin ETHUSDTM+0.0073%8h2,748.9−0.029%$381.3M$605.9M100xas long as short
Binance ETHUSDT+0.0074%8h2,750+0.011%$6.36B$16.23B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748.8−0.035%$59.0M$4.38B50xas long as short
Bitget ETHUSDT+0.0091%8h2,749.8+0.004%$2.08B$2.85B150xas long as short
Gate ETH_USDT+0.0095%8h2,750+0.012%$3.40B$8.86B200xas long as short
Lighter ETH+0.0096%1h2,748.7−0.038%$112.8M$442.2M50xas long as short
Lighter RH ETH+0.0096%1h2,750.2+0.016%$24.9M$106.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2−0.055%$35.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,753.3+0.132%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.2−0.018%$468K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,748.5−0.044%$14.0M$113.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.7+0.036%$3.13B$2.12B25xas long as short
Pacifica ETHlong+0.0100%1h2,749.7long leg$31.5M$333.7M50x
Bybit ETHUSDT+0.0100%8h2,750.1+0.016%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748−0.062%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.5+0.029%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.5−0.080%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.082%$133.1M$346.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,744.4−0.194%$181.5M$729.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.142%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,749−0.025%$21.3M$67.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.6−0.004%$10.3M$8.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.4−0.047%$183K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,748.5−0.044%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,749.7−0.001%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.7−0.072%$964K$12.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,748−0.062%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.1−0.059%$267.1M$66.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.210%$165.5M$306.7M25xas long as short
Vest ETH-PERP+0.0100%1h2,750.4+0.027%$869K50xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,746.9−0.104%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,749.1−0.021%$30.5M$74.1M50xas long as short
Kalshi KXETHPERP+0.0138%8h2,748.9−0.029%$7.8M$674.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0168%8h2,750.6+0.032%$32.4M$11.1M100xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,749.3−0.015%$258.5M$201.0M50xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,750.7+0.036%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3−0.051%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,749.4−0.010%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,748.6−0.038%$89.9M$316.5M100xas long as short