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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Vest−0.036%7-day average +0.011% · 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 4 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.036%, 7d avg +0.011%
Together, before fees+0.069%+ Points / potential airdropVest: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.047% cheaper against Vest than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.011%). If the spread goes back, that is −$5 on $10k: about 13 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,730.30.0100pay 0.0013% / 1h53m 02s$445K50x
ShortCoinbase International ETH-PERP-INTX2,729.30.0112get 0.0014% / 1h53m 02s$46.5M$4.30B50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$2.52
Price spread: −0.036% → +0.011%
−$4.75
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$14.23
Costs to cover
0.120%
Break-even
46.5 days
Slippage unknown: Vest: no order-book sample; Coinbase International: 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 Coinbase International live order book, 1 min ago0.02 bp5.0 bp −$55.0 bp −$507.4 bp −$74121.6 bp −$10.8K
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
ApeX Omni ETHUSDT−0.0132%1h2,727.7−0.096%$8.6M$31.6M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.6−0.026%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,730−0.012%$812K$3.0M25xas long as short
BloFin ETH-USDT−0.0011%8h2,728.3−0.076%$281.5M$177.2M150xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6−0.065%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,730.6+0.009%$10.5M$42.7M50xas long as short
Kalshi KXETHPERP0.0000%8h2,729.3−0.037%$6.5M$681.1M4.9xas long as short
Perpl ETH0.0000%43m2,728.1−0.081%$287K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.2−0.041%$262.4M$212.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,728.7−0.060%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0020%8h2,728.9−0.054%$1.10Bas long as short
Bybit ETHUSDT+0.0024%8h2,728.8−0.056%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,727.9−0.090%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0040%1h2,729.7−0.023%$192K$891K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,731.1+0.029%$117K$20.2M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,728.9−0.051%$82.0M$309.7M100xas long as short
KuCoin ETHUSDTM+0.0068%8h2,728.2−0.077%$384.7M$577.7M100xas long as short
OKX ETH-USDT-SWAP+0.0077%8h2,728.7−0.061%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0081%8h2,729−0.049%$252.8M$849.3M200xas long as short
MEXC ETH_USDT+0.0092%8h2,728.7−0.059%$1.54B$2.55B500xas long as short
Binance ETHUSDT+0.0093%8h2,728.9−0.052%$6.31B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,729.2−0.040%$112.5M$428.9M50xas long as short
Lighter RH ETH+0.0096%1h2,730.4+0.001%$23.5M$101.8M50xas long as short
Hibachi ETH/USDT-P+0.0096%1h2,731.5+0.043%$242K$1.4M20xas long as short
Aevo ETH-PERP+0.0096%1h2,725.8−0.167%$4.9M$179K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,729−0.048%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.7+0.123%$15.4M$7.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.9−0.052%$14.0M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731+0.025%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730−0.011%$32.2M$333.8M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.5+0.007%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.7−0.022%$1.5M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.9−0.053%$3.30B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.9−0.054%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.6−0.064%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,726.9−0.125%$133.9M$319.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,727.6−0.100%$185.5M$682.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729.3−0.038%$158.6M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,729.1−0.045%$21.0M$70.2M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,730.3long leg$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,729.9−0.015%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728−0.085%$185K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.9−0.053%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.5+0.007%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.4−0.072%$957K$10.9M100xas long as short
SoDEX ETH-USD+0.0100%1h2,728.3−0.074%$54.4M$187.2M40xas long as short
Phemex ETHUSDT+0.0100%8h2,728.9−0.051%$262.9M$64.5M150xas long as short
Bulk ETH-USD+0.0100%1h2,729−0.049%$162.7M$352.6M25xas long as short
Aftermath Perps ETHUSD+0.0102%1h2,729.9−0.015%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.2−0.113%$30.4M$72.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,729.3−0.036%$30.5M500xas long as short
Coinbase International ETH-PERP-INTXshort+0.0112%1h2,729.3−0.036%$46.5M$4.30B50x
RISEx ETH/USDC+0.0114%1h2,729.6−0.025%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,730.3−0.002%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0185%1h2,727.3−0.111%$7.3M$975K25xas long as short