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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.6% APRnext payment $0.03 per $10,000 · paid last 24h −0.013%
Price spread now: ApeX Omni against Vest−0.210%7-day average −0.028% · you buy dearer than you sell
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)−0.102%−$10 on $10k
Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.210%, 7d avg −0.028%
Together, before fees+0.035%+ Points / potential airdropVest: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.182% cheaper against Vest than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,721.50.0100pay 0.0013% / 1h23m 00s$875K50x
ShortApeX Omni ETHUSDT2,715.80.0076get 0.0010% / 1h23m 00s$8.6M$31.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Vest. 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
−$5.04
Price spread: −0.210% → −0.028%
−$18.2
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$35.24
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; ApeX Omni: live order book, 1 min ago. 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 Vest no order-book sample
Sell ApeX Omni live order book, 1 min ago1.41 bp6.5 bp −$66.5 bp −$6521.1 bp −$2,10781.5 bp −$40.8K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0447%43m2,719.5−0.074%$280K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,721.6+0.003%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,720.6−0.035%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,719.9−0.060%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,720−0.055%$814K$3.0M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,720.4−0.040%$32.0M200xas long as short
dYdX ETH-USD+0.0008%1h2,721.2−0.011%$10.3M$42.5M50xas long as short
Injective ETH/USDC PERP+0.0009%1h2,717.1−0.162%$117K$22.5M52xas long as short
BingX ETH-USDC+0.0033%8h2,722.6+0.039%$18.5Mas long as short
01 Exchange ETHUSD+0.0040%1h2,720.2−0.048%$189K$824K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0043%8h2,722.5+0.037%$2.34B$4.40B150xas long as short
SunX ETH-USDT+0.0068%8h2,718.9−0.097%$953K$11.1M100xas long as short
Bullet ETH-USD+0.0073%1h2,719.5−0.073%$180K$1.7M20xas long as short
ApeX Omni ETHUSDTshort+0.0076%1h2,715.8−0.210%$8.6M$31.4M100x
KuCoin ETHUSDTM+0.0077%8h2,722.6+0.040%$373.5M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0081%1h2,719.9−0.061%$30K$20K20xas long as short
Aster ETHUSDT+0.0083%8h2,722.9+0.049%$251.8M$845.1M200xas long as short
MEXC ETH_USDT+0.0088%8h2,723.1+0.058%$1.54B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,718−0.127%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0090%8h2,722.9+0.050%$6.31B$16.08B150xas long as short
OKX ETH-USDT-SWAP+0.0095%8h2,722.8+0.048%$1.66B$10.81B100xas long as short
Phemex ETHUSDT+0.0096%8h2,721.2−0.011%$262.2M$64.9M150xas long as short
Lighter ETH+0.0096%1h2,721.6+0.003%$111.8M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,722.7+0.045%$23.5M$103.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,719.2−0.085%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,722.6+0.042%$15.1M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,719.3−0.081%$13.8M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,723.9+0.088%$3.08B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,721−0.018%$31.9M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,719.3−0.081%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,720.1−0.052%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,719−0.094%$161.7M$327.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,721.7+0.009%$3.30B$8.99B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9+0.052%$2.08B$2.78B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,721.4−0.005%$14.9M$43.2M50xas long as short
Variational Omni ETH+0.0100%8h2,716.2−0.197%$132.3M$328.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,715.8−0.210%$184.0M$676.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,721−0.017%$158.3M$86.7M50xas long as short
StandX ETH-USD+0.0100%1h2,722+0.018%$20.9M$70.1M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,721.5long leg$875K50x
Polymarket Perps ETH-USD+0.0100%1h2,721.1−0.015%$11.1M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,720.7−0.029%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,722+0.019%$40.8M$30.2M15xas long as short
SoDEX ETH-USD+0.0100%1h2,720.6−0.033%$54.2M$187.7M40xas long as short
Extended ETH-USD+0.0104%1h2,722.5+0.036%$30.4M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,720−0.054%$31.3M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,722.1+0.021%$49.5M$4.29B50xas long as short
RISEx ETH/USDC+0.0108%1h2,719.9−0.060%$5.5M$11.7M25xas long as short
Kalshi KXETHPERP+0.0151%8h2,721−0.019%$6.9M$693.1M4.9xas long as short
Deribit ETH-PERPETUAL+0.0158%1h2,721.9+0.013%$259.3M$207.7M50xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,721.5−0.002%$82.8M$312.1M100xas long as short
Orderly PERP_ETH_USDC+0.0188%8h2,722.9+0.050%$32.0M$11.5M100xas long as short
Reya ETHRUSDPERP+0.0200%1h2,718.9−0.097%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0264%1h2,722.1+0.021%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0359%8h2,720.5−0.039%$281.1M$173.9M150xas long as short