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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h +0.016%
Price spread now: Bluefin against RISEx−0.003%7-day average · you buy dearer than you sell
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,769.7−0.0085get 0.0011% / 1h30m 46s$5.8M$12.1M25x
ShortBluefin ETH-PERP2,769.60.0100get 0.0013% / 1h30m 46s$21K$25K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against RISEx. 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
$38.87
Price spread: −0.003% → 0.000%
−$0.33
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$25.54
Costs to cover
0.130%
Break-even
2.4 days
Slippage unknown: RISEx: live order book, 3 min ago; Bluefin: no order-book sample. 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 RISEx live order book, 3 min ago0.02 bp3.0 bp −$33.3 bp −$33293.8 bp −$29.4Kdoesn't fit
Sell Bluefin no order-book sample
Bluefin: 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%43m2,770.9+0.041%$289K$6.9M8.3xas long as short
RISEx ETH/USDClong−0.0085%1h2,769.7long leg$5.8M$12.1M25x
Hotstuff ETH-PERP−0.0080%1h2,770.7+0.036%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,770.3+0.021%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.3+0.021%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0022%1h2,775.8+0.221%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,768.9−0.028%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,778.1+0.303%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.5+0.028%$22.4M200xas long as short
BingX ETH-USDC+0.0015%8h2,767.7−0.072%$17.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,767.8−0.068%$1.70B$11.82B100xas long as short
Phemex ETHUSDT+0.0026%8h2,768.1−0.059%$269.2M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,770.4+0.025%$12.9M200xas long as short
Aster ETHUSDT+0.0032%8h2,767.8−0.069%$255.6M$990.7M200xas long as short
Deribit ETH-PERPETUAL+0.0035%1h2,770.2+0.016%$258.3M$222.2M50xas long as short
Bullet ETH-USD+0.0037%1h2,769.8+0.001%$180K$1.7M20xas long as short
Binance ETHUSDT+0.0059%8h2,767.6−0.076%$6.42B$17.16B150xas long as short
MEXC ETH_USDT+0.0060%8h2,767.8−0.071%$1.61B$2.66B500xas long as short
Aevo ETH-PERP+0.0064%1h2,767.9−0.066%$5.0M$636K20xas long as short
Nado ETH-PERP+0.0064%1h2,769.2−0.018%$14.3M$118.0M50xas long as short
SoDEX ETH-USD+0.0071%1h2,768.5−0.044%$55.1M$228.8M40xas long as short
Gate ETH_USDT+0.0072%8h2,768.1−0.059%$3.28B$9.60B200xas long as short
Bitget ETHUSDT+0.0072%8h2,766.8−0.105%$2.10B$3.11B150xas long as short
Bybit ETHUSDT+0.0092%8h2,767.7−0.073%$2.51B$4.61B150xas long as short
HTX ETH-USDT+0.0094%8h2,767.5−0.079%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,767.7−0.073%$114.7M$499.6M50xas long as short
Lighter RH ETH+0.0096%1h2,769.5−0.009%$25.4M$121.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771+0.047%$41.5M500xas long as short
ApeX Omni ETHUSDT+0.0097%1h2,777.8+0.290%$8.7M$32.5M100xas long as short
KuCoin ETHUSDTM+0.0098%8h2,766.9−0.103%$423.5M$738.3M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.3−0.085%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.9+0.007%$479K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.3−0.015%$3.18B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,767.9−0.065%$31.3M$297.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.9−0.029%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.6+0.068%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.419%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,768.3−0.052%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,774.6+0.176%$135.3M$322.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,777.1+0.265%$180.0M$780.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777+0.263%$161.5M$91.0M50xas long as short
StandX ETH-USD+0.0100%1h2,772.6+0.104%$21.4M$58.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,770.9+0.044%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,771.2+0.054%$10.8M$7.6M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,769.6−0.003%$21K$25K25x
Derive ETH-PERP+0.0100%1h2,770.9+0.042%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.9−0.066%$971K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,767.4−0.084%$31.4M$74.5M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,770+0.009%$60.0M$4.59B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,771.7+0.072%$8.7M$675.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,771.2+0.053%$32.5M$12.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,773.6+0.139%$278K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,769.3−0.014%$86.0M$331.4M100xas long as short
BloFin ETH-USDT+0.0180%8h2,768.3−0.052%$283.9M$193.9M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,769.7−0.001%$7.3M$1.2M25xas long as short