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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.11 per $10,000 · paid last 24h −0.013%
Price spread now: 01 Exchange against Vest−0.008%7-day average −0.008% · 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)−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.899%−$90 · spread now −0.008%, 7d avg −0.008%
Together, before fees−0.943%+ Points / potential airdropVest: Active · farm board−$94 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,750.70.0100pay 0.0013% / 1h29m 02s$869K50x
Short01 Exchange ETHUSD2,750.50.0016get 0.0002% / 1h29m 02s$181K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$17.66
Price spread: −0.008% → −0.008%
−$0.01
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$26.67
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; 01 Exchange: live order book, just now. 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 01 Exchange live order book, just now0.18 bp6.2 bp −$610.0 bp −$100doesn't fitdoesn't fit
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 54 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%43m2,751.1+0.013%$310K$6.0M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.3−0.052%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,750.5−0.007%$5.6M$11.3M25xas long as short
ApeX Omni ETHUSDT−0.0014%1h2,748.2−0.091%$8.7M$31.6M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.5−0.080%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,749.4−0.048%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,751.2+0.016%$10.8M$41.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.1−0.096%$22.2M200xas long as short
01 Exchange ETHUSDshort+0.0016%1h2,750.5−0.008%$181K$1.1M50x
BingX ETH-USDT+0.0033%8h2,748.4−0.083%$1.19Bas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0045%8h2,748.7−0.074%$1.69B$11.01B100xas long as short
HTX ETH-USDT+0.0047%8h2,746.5−0.153%$1.07B$1.21B200xas long as short
Aster ETHUSDT+0.0064%8h2,748.3−0.088%$252.9M$858.2M200xas long as short
Aevo ETH-PERP+0.0072%1h2,745.2−0.202%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0073%8h2,748.7−0.073%$1.56B$2.56B500xas long as short
KuCoin ETHUSDTM+0.0073%8h2,746.9−0.140%$380.8M$605.7M100xas long as short
Binance ETHUSDT+0.0074%8h2,748.8−0.068%$6.36B$16.22B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,748−0.100%$59.0M$4.37B50xas long as short
Bitget ETHUSDT+0.0091%8h2,748.2−0.093%$2.07B$2.85B150xas long as short
Lighter ETH+0.0096%1h2,747.8−0.106%$112.9M$442.5M50xas long as short
Lighter RH ETH+0.0096%1h2,748.8−0.070%$24.8M$107.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,751.5+0.030%$35.4M500xas long as short
Gate ETH_USDT+0.0096%8h2,748.6−0.078%$3.39B$8.86B200xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,756.2+0.199%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,749.8−0.034%$469K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,751.2+0.017%$14.0M$113.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,750.6−0.004%$3.13B$2.12B25xas long as short
Pacifica ETH+0.0100%1h2,751.8+0.039%$31.6M$333.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,749.2−0.057%$2.46B$4.33B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,750.4−0.012%$2.8M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,750.9+0.008%$2.8M$16.5M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.1−0.133%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,747.4−0.119%$133.1M$346.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,747.9−0.104%$181.7M$730.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,745.8−0.179%$159.7M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,750−0.026%$21.3M$67.8M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,749.6−0.041%$10.7M$8.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,748.2−0.092%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,748.4−0.084%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,748.9−0.066%$41.8M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,747.3−0.126%$962K$12.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,746.9−0.139%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,747.1−0.132%$267.0M$66.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,743.9−0.247%$165.5M$306.7M25xas long as short
Vest ETH-PERPlong+0.0100%1h2,750.7long leg$869K50x
Aftermath Perps ETHUSD+0.0103%1h2,748−0.099%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,746.5−0.152%$30.5M$74.1M50xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,748.2−0.092%$258.5M$200.3M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,750.8+0.003%$7.7M$674.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0169%8h2,750.2−0.020%$32.3M$11.1M100xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,750.4−0.011%$250K$1.5M20xas long as short
Injective ETH/USDC PERP+0.0209%1h2,747.9−0.103%$118K$22.5M52xas long as short
Reya ETHRUSDPERP+0.0219%1h2,748.3−0.089%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,747.4−0.122%$89.9M$316.4M100xas long as short