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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.011%
Price spread now: Ondo Perps against SoDEX+0.004%7-day average −0.009% · you sell dearer than you buy
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)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.004%, 7d avg −0.009%
Together, before fees+0.037%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,726.60.0089pay 0.0011% / 1h10m 18s$54.3M$187.8M40x
ShortOndo Perps ETH-USD.P2,726.70.0100get 0.0013% / 1h10m 18s$2.7M$16.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$2.38
Price spread: +0.004% → −0.009%
$1.27
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$9.35
Costs to cover
0.130%
Break-even
34.5 days
Slippage unknown: SoDEX: 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 SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.7 bp −$56829.9 bp −$14.9K
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−0.0335%43m2,726−0.023%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728+0.051%$5K$1K50xas long as short
HTX ETH-USDT−0.0018%8h2,726−0.022%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.6+0.001%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,729+0.088%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,727.3+0.026%$6.2M$686.0M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,728.1+0.056%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.8+0.008%$28.0M200xas long as short
BingX ETH-USDC+0.0027%8h2,725.6−0.036%$18.5Mas long as short
Bullet ETH-USD+0.0035%1h2,726.3−0.011%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0036%8h2,726.2−0.015%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,727.3+0.026%$186K$814K50xas long as short
SunX ETH-USDT+0.0059%8h2,725.6−0.038%$954K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,726.3−0.011%$377.5M$575.0M100xas long as short
Aster ETHUSDT+0.0079%8h2,726.4−0.007%$250.6M$842.2M200xas long as short
OKX ETH-USDT-SWAP+0.0079%8h2,726.4−0.009%$1.67B$10.72B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.097%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0085%8h2,726.7+0.002%$6.32B$15.94B150xas long as short
MEXC ETH_USDT+0.0086%8h2,726.3−0.011%$1.56B$2.58B500xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.053%$8.7M$31.2M100xas long as short
SoDEX ETH-USDlong+0.0089%1h2,726.6long leg$54.3M$187.8M40x
Phemex ETHUSDT+0.0089%8h2,726.60.000%$264.2M$64.7M150xas long as short
Lighter ETH+0.0096%1h2,727.1+0.018%$112.3M$435.5M50xas long as short
Lighter RH ETH+0.0096%1h2,728.4+0.065%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,727.3+0.025%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.154%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,726.2−0.015%$497K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.4+0.068%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.2+0.023%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.073%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,727.5+0.032%$31.8M$334.6M50xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,726.7+0.004%$2.7M$16.7M25x
Arcus ETH-USD+0.0100%1h2,727.1+0.018%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.059%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.4−0.007%$3.33B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.4−0.006%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.5+0.033%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.015%$134.7M$322.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.055%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.079%$158.8M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,728+0.051%$21.0M$71.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.6+0.036%$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.9+0.048%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,727.2+0.023%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.1+0.056%$40.9M$29.9M15xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.3+0.099%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0102%1h2,728+0.052%$258.4M$202.7M50xas long as short
Extended ETH-USD+0.0104%1h2,725.7−0.034%$30.6M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,726.9+0.011%$5.6M$11.7M25xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.9+0.046%$50.5M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.5+0.032%$83.5M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,728.8+0.080%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.5−0.039%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,728.7+0.076%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0345%8h2,727.7+0.040%$282.2M$174.7M150xas long as short