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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0009%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.019%
Price spread now: Derive against SoDEX+0.082%7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.055%+$6 on $10k
Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.082%, 7d avg +0.069%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,771.60.0091pay 0.0011% / 1h47m 10s$55.2M$228.6M40x
ShortDerive ETH-PERP2,773.90.0100get 0.0013% / 1h47m 10s$42.8M$29.4M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against SoDEX. 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
$1.79
Price spread: +0.082% → +0.069%
$1.32
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$10.89
Costs to cover
0.140%
Break-even
49.5 days
Slippage unknown: SoDEX: live order book, 2 min ago; Derive: 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 SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$57631.3 bp −$15.6K
Sell Derive no order-book sample—————
Derive: 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%43m2,771.7+0.004%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0178%1h2,769.3−0.084%$10.5M$31.0M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7−0.032%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772+0.014%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0072%1h2,771.8+0.007%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.8+0.007%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,771.9+0.009%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,772.5+0.033%$12.9M$45.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.026%$22.4M—200xas long as short
Phemex ETHUSDT+0.0018%8h2,771.7+0.002%$266.7M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0022%8h2,771.7+0.005%$1.70B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,772.2+0.020%$13.1M—200xas long as short
Aftermath Perps ETHUSD+0.0031%1h2,772.8+0.043%$29K$21K20xas long as short
Aevo ETH-PERP+0.0040%1h2,769.5−0.075%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0043%8h2,771.9+0.011%$1.59B$2.63B500xas long as short
Aster ETHUSDT+0.0043%8h2,771.4−0.006%$255.9M$996.3M200xas long as short
Binance ETHUSDT+0.0044%8h2,771.7+0.005%$6.44B$17.18B150xas long as short
Gate ETH_USDT+0.0058%8h2,772.1+0.018%$3.29B$9.55B200xas long as short
Bitget ETHUSDT+0.0073%8h2,771.8+0.006%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0078%1h2,771.3−0.011%$187K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,769.8−0.064%$141.1M$319.9M—as long as short
SoDEX ETH-USDlong+0.0091%1h2,771.6long leg$55.2M$228.6M40x
Lighter ETH+0.0096%1h2,772.2+0.023%$115.2M$508.8M50xas long as short
Lighter RH ETH+0.0096%1h2,773.6+0.070%$25.3M$121.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.022%—$41.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,771.6−0.002%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.8+0.007%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,771.2−0.013%$16.1M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.5+0.105%$3.20B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,772+0.014%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.7+0.004%$2.51B$4.65B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,770.9−0.025%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,773.8+0.078%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.028%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,772+0.013%$425.2M$744.0M100xas long as short
BingX ETH-USDC+0.0100%8h2,771.7+0.002%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.4+0.028%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.4−0.081%$178.2M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,769.5−0.074%$161.1M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,771.2−0.014%$21.4M$57.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.018%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.8+0.043%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772.3+0.024%$21K$25K25xas long as short
Derive ETH-PERPshort+0.0100%1h2,773.9+0.082%$42.8M$29.4M15x
SunX ETH-USDT+0.0100%8h2,770.3−0.049%$970K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,770.6−0.037%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,771.4−0.006%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,773.3+0.061%$60.1M$4.64B50xas long as short
Kalshi KXETHPERP+0.0115%8h2,772.5+0.032%$8.6M$670.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,774.6+0.109%$32.5M$11.8M100xas long as short
BloFin ETH-USDT+0.0164%8h2,771.7+0.003%$287.0M$195.7M150xas long as short
Deribit ETH-PERPETUAL+0.0183%1h2,773.7+0.075%$259.0M$223.0M50xas long as short
Reya ETHRUSDPERP+0.0191%1h2,770.7−0.033%$7.5M$1.0M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,773+0.050%$88.5M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0384%1h2,770.9−0.025%$273K$1.5M20xas long as short