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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against RISEx−0.046%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.138% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 7 days+0.014%+$1 · spread now −0.046%, 7d avg −0.055%
Together, before fees+0.011%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,738.90.0099pay 0.0012% / 1h0m 49s$5.7M$11.7M25x
ShortExtended ETH-USD2,737.60.0104get 0.0013% / 1h0m 49s$30.4M$72.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$1.05
Price spread: −0.046% → −0.055%
$0.93
Slippage, 4 orders
−$2.84
Fee RISEx: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$11.86
Costs to cover
0.138%
Break-even
86.3 days
Slippage from RISEx: live order book, 3 min ago; Extended: live order book, 3 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 RISEx live order book, 3 min ago0.02 bp5.2 bp −$55.9 bp −$59277.9 bp −$27.8Kdoesn't fit
Sell Extended live order book, 3 min ago0.18 bp2.7 bp −$32.7 bp −$273.3 bp −$33410.9 bp −$5,444

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%43m2,737.9−0.036%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,734.2−0.170%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,737.2−0.060%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,737.7−0.041%$11.9M200xas long as short
Phoenix ETH0.0000%1h2,737.3−0.057%$827K$2.9M25xas long as short
dYdX ETH-USD+0.0001%1h2,738.2−0.025%$10.7M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,737.9−0.037%$28.1M200xas long as short
01 Exchange ETHUSD+0.0008%1h2,738.5−0.013%$187K$822K50xas long as short
Bullet ETH-USD+0.0015%1h2,737.5−0.051%$179K$1.7M20xas long as short
HTX ETH-USDT+0.0022%8h2,737.5−0.048%$1.06B$1.20B200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0044%8h2,738.3−0.019%$18.4Mas long as short
Bybit ETHUSDT+0.0054%8h2,738.5−0.013%$2.38B$4.35B150xas long as short
ApeX Omni ETHUSDT+0.0064%1h2,736.1−0.101%$8.7M$31.3M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,738−0.032%$380.2M$573.4M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,738.7−0.004%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0078%8h2,738.6−0.009%$266.1M$65.0M150xas long as short
Aster ETHUSDT+0.0089%8h2,738.4−0.017%$251.2M$841.9M200xas long as short
MEXC ETH_USDT+0.0095%8h2,738.4−0.017%$1.55B$2.57B500xas long as short
Lighter ETH+0.0096%1h2,739+0.006%$113.1M$442.3M50xas long as short
Lighter RH ETH+0.0096%1h2,739.8+0.036%$23.5M$106.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.5−0.048%$31.0M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734.9−0.143%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0098%8h2,738.8−0.003%$6.37B$15.89B150xas long as short
RISEx ETH/USDClong+0.0099%1h2,738.9long leg$5.7M$11.7M25x
Paradex ETH-USD-PERP+0.0099%8h2,741.6+0.101%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.9−0.035%$501K$3.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,737.9−0.036%$13.6M$104.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,740+0.042%$3.11B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,738.7−0.006%$32.0M$335.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,736.8−0.075%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.7−0.007%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,733.7−0.189%$169.4M$313.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,738.3−0.021%$3.34B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,738.3−0.021%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,737.7−0.044%$15.1M$40.1M50xas long as short
Variational Omni ETH+0.0100%8h2,737.3−0.056%$134.0M$324.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,735.2−0.134%$184.0M$671.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,736.6−0.083%$159.2M$86.4M50xas long as short
StandX ETH-USD+0.0100%1h2,736.2−0.097%$21.1M$68.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,738.5−0.012%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.2+0.013%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737.9−0.035%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,739.5+0.023%$41.3M$29.8M15xas long as short
SunX ETH-USDT+0.0100%8h2,737.1−0.065%$961K$11.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,737.7−0.042%$54.5M$187.6M40xas long as short
Extended ETH-USDshort+0.0104%1h2,737.6−0.046%$30.4M$72.9M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,739.2+0.012%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0115%1h2,735.4−0.127%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0129%8h2,738−0.031%$6.7M$679.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0198%8h2,740.2+0.051%$32.2M$11.7M100xas long as short
Deribit ETH-PERPETUAL+0.0207%1h2,739.4+0.021%$260.1M$197.0M50xas long as short
Reya ETHRUSDPERP+0.0216%1h2,737−0.069%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,738.6−0.010%$83.3M$314.8M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,737.6−0.044%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0387%8h2,737.2−0.060%$283.5M$175.9M150xas long as short