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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment $0.45 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against SunX+0.025%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.093%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. BingX is 0.025% dearer against SunX than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,740.90.0100pay 0.0100% / 8h4h 55m$960K$11.4M100x
ShortBingX ETH-USDT2,741.60.0055get 0.0055% / 8h4h 55m$1.14B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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
−$9.45
Price spread: +0.025% → 0.000%
$2.48
Slippage, 4 orders
−$2.75
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$27.72
Costs to cover
0.207%
Break-even
never at this rate
Slippage from SunX: live order book, 13 min ago; BingX: live order book, 13 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 SunX live order book, 13 min ago0.27 bp6.2 bp −$66.3 bp −$637.9 bp −$79010.6 bp −$5,309
Sell BingX live order book, 13 min ago0.04 bp5.0 bp −$55.0 bp −$505.8 bp −$5806.9 bp −$3,439

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
Injective ETH/USDC PERP−0.0141%1h2,736.3−0.169%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,739.6−0.048%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,741.8+0.034%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,741.3+0.013%$10.8M$41.7M50xas long as short
01 Exchange ETHUSD0.0000%1h2,742.5+0.058%$182K$834K50xas long as short
Perpl ETH0.0000%43m2,741.3+0.013%$300K$5.5M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,742+0.040%$25.3M200xas long as short
Phoenix ETH+0.0017%1h2,739−0.070%$844K$2.9M25xas long as short
ApeX Omni ETHUSDT+0.0039%1h2,740.1−0.032%$8.8M$30.7M100xas long as short
BingX ETH-USDTshort+0.0055%8h2,741.6+0.025%$1.14B
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,741.1+0.005%$1.69B$10.61B100xas long as short
Bullet ETH-USD+0.0071%1h2,741.1+0.007%$180K$1.7M20xas long as short
KuCoin ETHUSDTM+0.0071%8h2,741+0.001%$380.8M$573.7M100xas long as short
SoDEX ETH-USD+0.0073%1h2,741.3+0.014%$54.6M$187.6M40xas long as short
Aster ETHUSDT+0.0082%8h2,741+0.003%$253.6M$840.6M200xas long as short
Aevo ETH-PERP+0.0088%1h2,738.8−0.076%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0089%8h2,740.9+0.001%$6.37B$15.71B150xas long as short
MEXC ETH_USDT+0.0090%8h2,740−0.033%$1.56B$2.52B500xas long as short
Lighter ETH+0.0096%1h2,741.9+0.034%$112.4M$430.3M50xas long as short
Lighter RH ETH+0.0096%1h2,743.1+0.078%$24.6M$102.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,739.7−0.043%$30.5M500xas long as short
RISEx ETH/USDC+0.0099%1h2,741.6+0.026%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,744.6+0.132%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.1−0.030%$500K$3.1M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1+0.044%$13.9M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,743.7+0.101%$3.11B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,741.1+0.006%$31.7M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.8−0.004%$2.43B$4.19B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.6−0.012%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,741.5+0.020%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,739.7−0.044%$165.8M$302.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,742.2+0.047%$3.38B$8.67B200xas long as short
Bitget ETHUSDT+0.0100%8h2,740.5−0.015%$2.08B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.6+0.024%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,741+0.001%$133.2M$324.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,738.7−0.080%$182.0M$667.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.8−0.078%$159.2M$83.5M50xas long as short
StandX ETH-USD+0.0100%1h2,738.8−0.077%$21.2M$69.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,741.7+0.028%$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,742.7+0.065%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,743.2+0.082%$41.4M$29.7M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,740.9long leg$960K$11.4M100x
HTX ETH-USDT+0.0100%8h2,741.5+0.020%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,741.7+0.027%$266.4M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,740−0.035%$30.6M$72.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,743.2+0.083%$53.1M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0132%1h2,740.3−0.023%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0158%8h2,740.7−0.008%$7.6M$672.6M4.9xas long as short
Deribit ETH-PERPETUAL+0.0191%1h2,743.1+0.080%$260.0M$194.9M50xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,743.8+0.106%$32.3M$11.5M100xas long as short
BloFin ETH-USDT+0.0210%8h2,737.7−0.119%$285.5M$175.3M150xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,742.3+0.049%$86.0M$309.8M100xas long as short
Reya ETHRUSDPERP+0.0225%1h2,741.2+0.009%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,739.3−0.059%$251K$1.4M20xas long as short
Bluefin ETH-PERP+0.4134%1h2,742.4+0.054%$21K$20K25xas long as short