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 03:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: Hyperliquid against SoDEX+0.117%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.185% of the position
Long on SoDEXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.046%+$5 on $10k
Price spread, last 4 days (all we have)+0.198%+$20 · spread now +0.117%, 7d avg +0.082%
Together, before fees+0.245%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.035% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,744.20.0096pay 0.0012% / 1h19m 45s$54.7M$187.6M40x
ShortHyperliquid ETH2,747.40.0100get 0.0013% / 1h19m 45s$3.12B$2.06B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0.94
Price spread: +0.117% → +0.082%
$3.49
Slippage, 4 orders
−$1.45
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.03
Costs to cover
0.185%
Break-even
112.0 days
Slippage from SoDEX: live order book, 4 min ago; Hyperliquid: 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 SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.3 bp −$435.7 bp −$56930.3 bp −$15.2K
Sell Hyperliquid live order book, 4 min ago0.18 bp5.4 bp −$56.0 bp −$607.1 bp −$7078.8 bp −$4,414

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
Hotstuff ETH-PERP−0.0080%1h2,746.5+0.084%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,742.7−0.055%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.2+0.035%$12.1M—200xas long as short
dYdX ETH-USD0.0000%1h2,747.5+0.118%$10.8M$41.7M50xas long as short
Perpl ETH0.0000%43m2,746.2+0.071%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,745.2+0.035%$25.1M—200xas long as short
Phoenix ETH+0.0017%1h2,742.3−0.069%$847K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,746+0.066%$182K$863K50xas long as short
ApeX Omni ETHUSDT+0.0041%1h2,744−0.006%$8.8M$30.8M100xas long as short
BingX ETH-USDC+0.0053%8h2,745.3+0.041%—$18.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0066%8h2,745.8+0.058%$1.70B$10.56B100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,744.4+0.008%$381.7M$575.5M100xas long as short
Bullet ETH-USD+0.0074%1h2,744.6+0.016%$183K$1.7M20xas long as short
RISEx ETH/USDC+0.0077%1h2,745.6+0.050%$5.6M$11.4M25xas long as short
Aster ETHUSDT+0.0089%8h2,745.5+0.047%$253.4M$841.0M200xas long as short
MEXC ETH_USDT+0.0095%8h2,744.4+0.006%$1.56B$2.55B500xas long as short
SoDEX ETH-USDlong+0.0096%1h2,744.2long leg$54.7M$187.6M40x
Lighter ETH+0.0096%1h2,745.8+0.059%$113.0M$435.2M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.100%$24.6M$104.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,746.7+0.091%—$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,742.3−0.070%$4.9M$154K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,745.9+0.062%$58.2M$4.25B50xas long as short
Binance ETHUSDT+0.0096%8h2,745.6+0.052%$6.38B$15.67B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.7+0.238%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.3+0.040%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,745+0.029%$13.9M$105.1M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,747.4+0.117%$3.12B$2.06B25x
Pacifica ETH+0.0100%1h2,746.4+0.080%$31.7M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.7+0.055%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,745.3+0.040%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746+0.065%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,742.3−0.069%$165.2M$299.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,744.7+0.019%$3.39B$8.75B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.3+0.039%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744−0.008%$15.0M$39.8M50xas long as short
Variational Omni ETH+0.0100%8h2,745.8+0.058%$133.3M$326.5M—as long as short
edgeX ETHUSDC+0.0100%4h2,741−0.117%$182.2M$672.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,744.9+0.025%$159.6M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,747.9+0.135%$21.2M$67.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.1+0.069%—$815K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.1+0.069%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,746.2+0.072%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.3+0.039%$963K$11.5M100xas long as short
HTX ETH-USDT+0.0100%8h2,744.6+0.015%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,744.3+0.004%$266.8M$64.8M150xas long as short
Extended ETH-USD+0.0104%1h2,743.5−0.024%$30.6M$72.0M50xas long as short
Aftermath Perps ETHUSD+0.0126%1h2,745+0.028%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0154%1h2,745.9+0.063%$259.8M$196.4M50xas long as short
Kalshi KXETHPERP+0.0160%8h2,746.1+0.069%$7.8M$669.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0193%8h2,746.7+0.091%$32.3M$11.4M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,745.2+0.037%$86.7M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0228%1h2,744.3+0.003%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,747.4+0.118%$252K$1.4M20xas long as short
BloFin ETH-USDT+0.0326%8h2,745.7+0.056%$285.1M$181.1M150xas long as short
Bluefin ETH-PERP+0.0348%1h2,772.8+1.042%$21K$20K25xas long as short