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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%
Price spread now: Bluefin against SunX+0.043%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.043% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,773.30.0100pay 0.0100% / 8h31m 05s$972K$13.9M100x
ShortBluefin ETH-PERP2,774.50.0100get 0.0013% / 1h31m 05s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$0
Price spread: +0.043% → 0.000%
$4.29
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$10.71
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; Bluefin: 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 SunX live order book, 8 min ago1.32 bp5.3 bp −$55.4 bp −$546.9 bp −$6949.6 bp −$4,812
Sell Bluefin no order-book sample
Bluefin: 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%43m2,773.7+0.013%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773.8+0.018%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.310%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.2+0.032%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0044%1h2,774.2+0.031%$8.9M$32.8M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.7+0.050%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,774.6+0.048%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,775.6+0.083%$878K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.5+0.043%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0012%1h2,776.7+0.122%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,772.8−0.018%$17.4Mas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,773.1−0.009%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,774.4+0.041%$12.9M200xas long as short
Phemex ETHUSDT+0.0031%8h2,773.8+0.019%$270.4M$69.1M150xas long as short
Aster ETHUSDT+0.0034%8h2,773.5+0.006%$256.4M$1.00B200xas long as short
SoDEX ETH-USD+0.0042%1h2,773.2−0.004%$55.2M$229.1M40xas long as short
Bullet ETH-USD+0.0049%1h2,773.7+0.014%$183K$1.7M20xas long as short
MEXC ETH_USDT+0.0061%8h2,773.2−0.003%$1.60B$2.64B500xas long as short
Binance ETHUSDT+0.0062%8h2,773.1−0.006%$6.45B$17.28B150xas long as short
Aevo ETH-PERP+0.0064%1h2,770.8−0.092%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0067%8h2,773.2−0.003%$2.10B$3.10B150xas long as short
Deribit ETH-PERPETUAL+0.0067%1h2,774.6+0.045%$258.9M$222.3M50xas long as short
Gate ETH_USDT+0.0072%8h2,773.3+0.001%$3.29B$9.64B200xas long as short
KuCoin ETHUSDTM+0.0087%8h2,773.6+0.011%$421.4M$739.2M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,774.7+0.050%$60.0M$4.59B50xas long as short
Bybit ETHUSDT+0.0091%8h2,773.4+0.004%$2.50B$4.62B150xas long as short
Vest ETH-PERP+0.0095%1h2,774.3+0.036%$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,773.2−0.004%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.2+0.031%$116.0M$497.6M50xas long as short
Lighter RH ETH+0.0096%1h2,775.1+0.065%$25.3M$121.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,774.5+0.043%$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.2−0.003%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773.9+0.021%$478K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,773.6+0.011%$14.3M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,775.7+0.086%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.1+0.028%$31.2M$310.5M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.5+0.007%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.9+0.057%$2.8M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,777.9+0.165%$167.7M$256.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,773.5+0.006%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,773.3−0.001%$147.8M$336.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,773.6+0.009%$182.1M$784.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.2+0.031%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,775.9+0.093%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774+0.025%$10.7M$8.0M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,774.5+0.043%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,775.8+0.090%$42.7M$29.4M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,773.3long leg$972K$13.9M100x
Extended ETH-USD+0.0104%1h2,772.5−0.030%$32.7M$78.0M50xas long as short
Kalshi KXETHPERP+0.0116%8h2,774.5+0.043%$8.3M$684.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,774.5+0.044%$86.5M$333.5M100xas long as short
Orderly PERP_ETH_USDC+0.0140%8h2,776.3+0.108%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0182%8h2,773.3+0.001%$286.5M$194.0M150xas long as short
Reya ETHRUSDPERP+0.0201%1h2,773.6+0.009%$7.4M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,775.5+0.080%$252K$1.6M20xas long as short