Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Vest against SoDEX−0.057%7-day average +0.033% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.057%, 7d avg +0.033%

Together, before fees+0.139%+ Points / potential airdropVest: Active · farm board+$14 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: Vest is 0.089% cheaper against SoDEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETH-USD	2,776	0.0100	pay 0.0013% / 1h	25m 44s	$55.3M	$228.6M	40x
Short	Vest ETH-PERP	2,774.4	0.0100	get 0.0013% / 1h	25m 44s	—	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee SoDEXbpFee VestbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.033%: −$8.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$18.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 3 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 3 min ago	0.18 bp	4.2 bp −$4	4.3 bp −$43	6.0 bp −$596	35.3 bp −$17.6K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,774.5	−0.054%	$290K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.357%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.9	−0.148%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,774.4	−0.058%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,768.8	−0.259%	$795K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,774.1	−0.070%	$5.8M	$11.9M	25x	as long as short
ApeX Omni ETHUSDT	−0.0008%	1h	2,768.6	−0.268%	$8.8M	$32.5M	100x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.6	−0.013%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,777.3	+0.048%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0008%	1h	2,770.4	−0.203%	$29K	$22K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0011%	8h	2,776.7	+0.027%	$267.3M	$66.0M	150x	as long as short
OKX ETH-USDT-SWAP	+0.0021%	8h	2,774.3	−0.062%	$1.70B	$11.90B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,777.1	+0.041%	$13.2M	—	200x	as long as short
Aster ETHUSDT	+0.0039%	8h	2,774.9	−0.040%	$256.7M	$995.9M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,775.1	−0.034%	$1.60B	$2.67B	500x	as long as short
Binance ETHUSDT	+0.0047%	8h	2,774.4	−0.057%	$6.44B	$17.22B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,774.7	−0.047%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0071%	8h	2,774.8	−0.044%	$3.28B	$9.65B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,774.6	−0.052%	$2.10B	$3.12B	150x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,776.1	+0.005%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.280%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,775.1	−0.032%	$115.3M	$513.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,776.4	+0.015%	$25.4M	$122.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,774.9	−0.038%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,773.5	−0.090%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,774.4	−0.058%	$482K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,773.2	−0.101%	$14.7M	$117.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,776.9	+0.032%	$3.20B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,774.6	−0.050%	$31.2M	$287.3M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,774.6	−0.050%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,773.5	−0.090%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,775.8	−0.006%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.363%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,776	−0.001%	$424.4M	$741.0M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,774.9	−0.041%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,776.8	+0.030%	$15.4M	$42.4M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,766.7	−0.336%	$177.8M	$792.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,768.6	−0.266%	$161.0M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,769.6	−0.231%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERPshort	+0.0100%	1h	2,774.4	−0.057%	—	$1.1M	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,775.7	−0.011%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,777.5	+0.053%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,778.4	+0.088%	$42.7M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775.6	−0.016%	$973K	$14.2M	100x	as long as short
SoDEX ETH-USDlong	+0.0100%	1h	2,776	long leg	$55.3M	$228.6M	40x
HTX ETH-USDT	+0.0100%	8h	2,776	+0.001%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,774.6	−0.050%	$31.4M	$76.1M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,777.7	+0.061%	$60.3M	$4.63B	50x	as long as short
Kalshi KXETHPERP	+0.0119%	8h	2,775.1	−0.032%	$8.5M	$672.9M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,779.6	+0.130%	$32.6M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0166%	8h	2,773.2	−0.101%	$285.3M	$195.4M	150x	as long as short
Deribit ETH-PERPETUAL	+0.0179%	1h	2,777.7	+0.063%	$258.4M	$224.8M	50x	as long as short
Reya ETHRUSDPERP	+0.0182%	1h	2,774.3	−0.063%	$7.4M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,777.3	+0.047%	$87.0M	$330.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,771.5	−0.162%	$285K	$1.5M	20x	as long as short