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 −0.001%
Price spread now: Ondo Perps against RISEx−0.021%7-day average −0.029% · 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)−0.017%−$2 on $10k
Price spread, last 7 days−0.153%−$15 · spread now −0.021%, 7d avg −0.029%
Together, before fees−0.170%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.017% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx ETH/USDC2,776.5−0.0085get 0.0011% / 1h35m 35s$5.8M$12.0M25x
ShortOndo Perps ETH-USD.P2,775.90.0100get 0.0013% / 1h35m 35s$2.8M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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: −0.021% → −0.029%
$0.82
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$28.69
Costs to cover
0.110%
Break-even
1.8 days
Slippage unknown: RISEx: live order book, 4 min ago; Ondo Perps: 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, 4 min ago0.02 bp3.5 bp −$34.5 bp −$45311.8 bp −$31.2Kdoesn't fit
Sell Ondo Perps no order-book sample
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−0.0447%43m2,774−0.088%$288K$6.9M8.3xas long as short
RISEx ETH/USDClong−0.0085%1h2,776.5long leg$5.8M$12.0M25x
Hotstuff ETH-PERP−0.0080%1h2,776.1−0.014%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,777.1+0.022%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0032%1h2,776.5+0.001%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0023%1h2,777.7+0.045%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,775.1−0.049%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,779.8+0.120%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.8−0.061%$22.4M200xas long as short
BingX ETH-USDT+0.0015%8h2,776.4−0.003%$1.18Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0017%8h2,773.8−0.098%$269.8M$68.5M150xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,776.8+0.012%$1.71B$11.83B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.5−0.071%$13.2M200xas long as short
Aster ETHUSDT+0.0035%8h2,776.8+0.012%$256.6M$989.7M200xas long as short
Bullet ETH-USD+0.0040%1h2,773.6−0.103%$180K$1.7M20xas long as short
Nado ETH-PERP+0.0058%1h2,775.8−0.023%$14.2M$117.8M50xas long as short
MEXC ETH_USDT+0.0061%8h2,775.7−0.030%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.8+0.013%$6.45B$17.10B150xas long as short
Aevo ETH-PERP+0.0064%1h2,773.3−0.114%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0072%8h2,777.3+0.030%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0073%8h2,776.5+0.002%$3.29B$9.58B200xas long as short
Deribit ETH-PERPETUAL+0.0078%1h2,775.2−0.045%$258.3M$221.9M50xas long as short
SoDEX ETH-USD+0.0091%1h2,773.4−0.111%$55.2M$228.8M40xas long as short
HTX ETH-USDT+0.0095%8h2,772.9−0.129%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0095%8h2,776.9+0.017%$2.52B$4.59B150xas long as short
Lighter ETH+0.0096%1h2,775.7−0.030%$114.9M$498.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.8+0.010%$25.4M$121.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776−0.017%$41.5M500xas long as short
KuCoin ETHUSDTM+0.0099%8h2,774.6−0.067%$426.2M$738.0M100xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.4−0.076%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.8+0.012%$480K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,777+0.019%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.8−0.024%$31.4M$297.6M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,775.9−0.021%$2.8M$16.8M25x
Arcus ETH-USD+0.0100%1h2,778.5+0.072%$2.8M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,781.3+0.174%$166.9M$248.1M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.8−0.095%$15.2M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,781.7+0.188%$135.5M$322.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,776.2−0.009%$179.9M$779.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.3−0.008%$161.5M$91.0M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,777.9+0.050%$8.7M$32.5M100xas long as short
StandX ETH-USD+0.0100%1h2,775.4−0.039%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,776.8+0.010%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,778.6+0.076%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.1−0.050%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,776.5−0.001%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.7−0.065%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,776−0.017%$31.5M$74.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.1−0.086%$60.2M$4.59B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,776.1−0.014%$8.7M$673.6M4.9xas long as short
Hibachi ETH/USDT-P+0.0136%1h2,777.9+0.051%$279K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,776.8+0.012%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.2−0.081%$86.1M$330.4M100xas long as short
BloFin ETH-USDT+0.0182%8h2,775.5−0.035%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0190%1h2,777.2+0.027%$7.4M$1.1M25xas long as short