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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.9% APRnext payment +$0.20 per $10,000 · paid last 24h +0.034%
Price spread now: Reya against 01 Exchange−0.050%7-day average −0.023% · 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)+0.103%+$10 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.050%, 7d avg −0.023%
Together, before fees+0.142%+ Points / potential airdropReya: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.027% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,736.50.0048pay 0.0006% / 1h31m 44s$187K$816K50x
ShortReya ETHRUSDPERP2,735.10.0211get 0.0026% / 1h31m 44s$7.3M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$34.27
Price spread: −0.050% → −0.023%
−$2.73
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
$18.54
Costs to cover
0.130%
Break-even
3.2 days
Slippage unknown: 01 Exchange: live order book, 22 min ago; Reya: no order-book sample. 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 01 Exchange live order book, 22 min ago0.18 bp5.7 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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%43m2,737+0.018%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,736.8+0.011%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,736.3−0.008%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,737.1+0.022%$822K$2.9M25xas long as short
HTX ETH-USDT−0.0001%8h2,735.4−0.041%$1.06B$1.20B200xas long as short
dYdX ETH-USD+0.0004%1h2,737+0.020%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,736.3−0.007%$28.1M200xas long as short
Bullet ETH-USD+0.0028%1h2,735.8−0.026%$179K$1.7M20xas long as short
BingX ETH-USDC+0.0032%8h2,737+0.017%$18.4Mas long as short
Bybit ETHUSDT+0.0041%8h2,736.8+0.010%$2.38B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0044%1h2,737.4+0.033%$8.7M$31.2M100xas long as short
01 Exchange ETHUSDlong+0.0048%1h2,736.5long leg$187K$816K50x
Deribit ETH-PERPETUAL+0.0064%1h2,737+0.019%$259.5M$200.1M50xas long as short
KuCoin ETHUSDTM+0.0068%8h2,736.8+0.012%$381.3M$573.8M100xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,737+0.018%$1.67B$10.74B100xas long as short
Phemex ETHUSDT+0.0078%8h2,735.8−0.025%$265.2M$65.1M150xas long as short
Aster ETHUSDT+0.0084%8h2,736.50.000%$251.4M$842.2M200xas long as short
SunX ETH-USDT+0.0084%8h2,734.8−0.064%$960K$11.2M100xas long as short
MEXC ETH_USDT+0.0092%8h2,736.7+0.008%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0093%8h2,736.7+0.008%$6.36B$15.89B150xas long as short
Lighter ETH+0.0096%1h2,737.2+0.027%$112.9M$432.2M50xas long as short
Lighter RH ETH+0.0096%1h2,738.3+0.066%$23.4M$104.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,737.5+0.037%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,734.5−0.072%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,737.8+0.048%$117K$22.5M52xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,739.4+0.106%$15.6M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,737.3+0.029%$507K$3.3M50xas long as short
SoDEX ETH-USD+0.0100%1h2,735.8−0.026%$54.5M$187.7M40xas long as short
Nado ETH-PERP+0.0100%1h2,737.3+0.031%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,739.2+0.099%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,737.7+0.045%$32.1M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,737.3+0.029%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,738.6+0.075%$1.6M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4−0.002%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,737.5+0.035%$3.34B$8.88B200xas long as short
Bitget ETHUSDT+0.0100%8h2,737.6+0.040%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,735−0.056%$15.2M$41.1M50xas long as short
Variational Omni ETH+0.0100%8h2,735.4−0.041%$133.6M$322.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,735.7−0.029%$184.0M$670.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,737.6+0.039%$159.3M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,737.4+0.033%$21.1M$69.2M40xas long as short
Vest ETH-PERP+0.0100%1h2,737.1+0.022%$844K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,737.5+0.037%$11.2M$9.2M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,737+0.019%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,737.8+0.047%$41.3M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,736.7+0.007%$30.6M$73.0M50xas long as short
RISEx ETH/USDC+0.0107%1h2,738.3+0.065%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0110%1h2,737.3+0.031%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,736.4−0.005%$51.0M$4.28B50xas long as short
Kalshi KXETHPERP+0.0138%8h2,737.7+0.044%$6.5M$683.4M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,736.2−0.010%$83.4M$315.1M100xas long as short
Orderly PERP_ETH_USDC+0.0197%8h2,738.3+0.066%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERPshort+0.0211%1h2,735.1−0.050%$7.3M$1.2M25x
Hibachi ETH/USDT-P+0.0264%1h2,737.7+0.043%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0372%8h2,736.6+0.002%$283.4M$175.3M150xas long as short