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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.005%
Price spread now: BingX against 01 Exchange−0.005%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Long on 01 ExchangeShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,776.7−0.0040get 0.0005% / 1h1m 22s$169K$1.2M50x
ShortBingX ETH-USDT2,776.60.0014get 0.0014% / 8h1h 01m—$1.21B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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
$11.34
Price spread: −0.005% → 0.000%
−$0.54
Slippage, 4 orders
−$10.11
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$16.31
Costs to cover
0.271%
Break-even
17.1 days
Slippage from 01 Exchange: live order book, 3 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 3 min ago0.18 bp8.9 bp −$912.2 bp −$122doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago0.04 bp5.0 bp −$55.0 bp −$505.3 bp −$5356.0 bp −$2,998

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%43m2,776.6−0.004%$288K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,775.7−0.037%$5.7M$11.9M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.6−0.004%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,771.7−0.180%$119K$22.5M52xas long as short
01 Exchange ETHUSDlong−0.0040%1h2,776.7long leg$169K$1.2M50x
dYdX ETH-USD0.0000%1h2,777.1+0.013%$12.7M$45.8M50xas long as short
Phoenix ETH0.0000%1h2,775.6−0.040%$885K$3.7M25xas long as short
Aftermath Perps ETHUSD0.0000%1h2,775.9−0.028%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,777.5+0.028%$22.4M—200xas long as short
BingX ETH-USDTshort+0.0014%8h2,776.6−0.005%—$1.21B—
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETH-PERPETUAL+0.0016%1h2,777.7+0.035%$258.7M$222.7M50xas long as short
OKX ETH-USDT-SWAP+0.0018%8h2,776.6−0.003%$1.70B$11.87B100xas long as short
Bullet ETH-USD+0.0022%1h2,776.2−0.018%$182K$1.7M20xas long as short
Phemex ETHUSDT+0.0023%8h2,776.3−0.013%$270.5M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,777.2+0.020%$12.9M—200xas long as short
Aster ETHUSDT+0.0033%8h2,776.5−0.009%$254.7M$995.4M200xas long as short
Nado ETH-PERP+0.0056%1h2,776.1−0.022%$14.3M$118.2M50xas long as short
Aevo ETH-PERP+0.0056%1h2,774.2−0.091%$5.0M$636K20xas long as short
ApeX Omni ETHUSDT+0.0058%1h2,777.6+0.031%$8.8M$32.7M100xas long as short
MEXC ETH_USDT+0.0060%8h2,776.1−0.021%$1.60B$2.68B500xas long as short
Binance ETHUSDT+0.0061%8h2,776.5−0.006%$6.44B$17.23B150xas long as short
SoDEX ETH-USD+0.0061%1h2,776.1−0.022%$55.3M$229.0M40xas long as short
Bitget ETHUSDT+0.0065%8h2,776.5−0.008%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,776.6−0.005%$3.30B$9.69B200xas long as short
HTX ETH-USDT+0.0088%8h2,775.8−0.031%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,776.8+0.003%$2.52B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0093%8h2,776.2−0.019%$422.3M$739.2M100xas long as short
Lighter ETH+0.0096%1h2,776.8+0.004%$115.2M$503.5M50xas long as short
Lighter RH ETH+0.0096%1h2,778.1+0.049%$25.5M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,776.7+0.002%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,776.1−0.021%$16.0M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.5−0.007%$477K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.9+0.079%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,776.8+0.003%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.6−0.040%$2.8M$17.1M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.1+0.015%$2.7M$17.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8−0.212%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.4−0.012%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,773.7−0.108%$147.3M$337.0M—as long as short
edgeX ETHUSDC+0.0100%4h2,777+0.012%$181.7M$781.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,775.7−0.036%$161.4M$90.8M50xas long as short
StandX ETH-USD+0.0100%1h2,776.3−0.014%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.4+0.025%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,777.3+0.022%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.9+0.081%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775.3−0.050%$974K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,775.2−0.055%$32.6M$77.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,777+0.009%—$41.8M500xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,777.5+0.027%$60.0M$4.60B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,777.1+0.014%$8.4M$681.4M4.9xas long as short
Orderly PERP_ETH_USDC+0.0135%8h2,779.4+0.097%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0169%1h2,777.3+0.023%$86.4M$332.5M100xas long as short
BloFin ETH-USDT+0.0180%8h2,776.5−0.006%$284.8M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0196%1h2,776−0.027%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0288%1h2,777.7+0.036%$270K$1.5M20xas long as short