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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0093%/8h= −10.2% APRnext payment $0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Vest−0.136%7-day average −0.009% · 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)−0.078%−$8 on $10k
Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.136%, 7d avg −0.009%
Together, before fees+0.118%+ Points / potential airdropVest: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.127% cheaper against Vest than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,732.90.0100pay 0.0013% / 1h49m 22s$843K50x
ShortgTrade (Gains Network) ETH/USD2,729.2L +0.0007% / S −0.0007%get 0.0001% / 1h49m 22s$25.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$19.51
Price spread: −0.136% → −0.009%
−$12.72
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Net
−$41.23
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 5 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago0.53 bp4.0 bp −$44.1 bp −$415.0 bp −$5008.9 bp −$4,454
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%43m2,731.5−0.050%$299K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.5+0.095%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.190%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.3−0.131%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,734.6+0.062%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.6−0.011%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.304%$834K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDshortL +0.0007% / S −0.0007%1h2,729.2−0.136%$25.7M200x
Bullet ETH-USD+0.0038%1h2,729.2−0.133%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0050%1h2,734.3+0.051%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0056%8h2,728.7−0.154%$18.4Mas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,728.5−0.163%$1.68B$10.62B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,732.2−0.026%$379.4M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,730.5−0.087%$260.0M$196.2M50xas long as short
Aster ETHUSDT+0.0084%8h2,732.6−0.012%$252.7M$841.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,729.5−0.125%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,728.5−0.162%$6.34B$15.74B150xas long as short
MEXC ETH_USDT+0.0091%8h2,730.4−0.093%$1.55B$2.53B500xas long as short
Lighter ETH+0.0096%1h2,734.2+0.048%$112.5M$432.9M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.046%$24.1M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.5+0.060%$30.4M500xas long as short
RISEx ETH/USDC+0.0099%1h2,732.4−0.017%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.8+0.180%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.7−0.044%$498K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7−0.079%$13.8M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.4+0.019%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.055%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,728.5−0.161%$2.41B$4.26B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7−0.044%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6−0.013%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.288%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.7−0.117%$3.35B$8.70B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729.4−0.128%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.8+0.035%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9+0.073%$133.1M$324.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,738+0.186%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.223%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,735.3+0.088%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.114%$21.1M$69.6M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,732.9long leg$843K50x
Polymarket Perps ETH-USD+0.0100%1h2,732.8−0.003%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,730.4−0.092%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.7−0.153%$957K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,734.2+0.049%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,734.4+0.057%$265.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,727.7−0.189%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.7+0.104%$51.2M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,737.7+0.175%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,735.5+0.095%$7.7M$673.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,731−0.070%$32.1M$11.5M100xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5+0.096%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,730−0.107%$85.1M$311.9M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,729.7−0.118%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736+0.114%$254K$1.4M20xas long as short
Bluefin ETH-PERP+0.1037%1h2,729.3−0.130%$21K$20K25xas long as short