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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.031%
Price spread now: Bluefin against ApeX Omni+0.005%71s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: +$6 a day on $10k at the current rate. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,724.10.0074pay 0.0009% / 1h11m 45s$8.5M$31.4M100x
ShortBluefin ETH-PERP2,724.20.0275get 0.0034% / 1h11m 45s$20K$23K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against ApeX Omni. 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
$42.26
Price spread: +0.005% → 0.000%
$0.51
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$25.77
Costs to cover
0.170%
Break-even
2.7 days
Slippage unknown: ApeX Omni: live order book, 2 min ago; Bluefin: 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 ApeX Omni live order book, 2 min ago0.99 bp6.0 bp −$66.0 bp −$6021.3 bp −$2,13043.2 bp −$21.6K
Sell Bluefin no order-book sample
Bluefin: 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%43m2,724.6+0.021%$274K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0183%8h2,725+0.035%$280.8M$177.5M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,724.1+0.001%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,725.4+0.049%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,724−0.004%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,723.5−0.022%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,724.2+0.005%$6.7M$675.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,724−0.003%$263.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,724−0.002%$32.9M200xas long as short
BingX ETH-USDC+0.0016%8h2,722.4−0.059%$18.6Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0021%8h2,723.4−0.023%$2.31B$4.32B150xas long as short
01 Exchange ETHUSD+0.0032%1h2,724.4+0.012%$190K$883K50xas long as short
HTX ETH-USDT+0.0034%8h2,723.4−0.025%$1.05B$1.22B200xas long as short
Injective ETH/USDC PERP+0.0050%1h2,729.4+0.196%$117K$22.0M52xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,723.7−0.011%$81.8M$310.2M100xas long as short
Hibachi ETH/USDT-P+0.0064%1h2,725.5+0.052%$242K$1.4M20xas long as short
OKX ETH-USDT-SWAP+0.0073%8h2,722.9−0.044%$1.65B$10.76B100xas long as short
ApeX Omni ETHUSDTlong+0.0074%1h2,724.1long leg$8.5M$31.4M100x
KuCoin ETHUSDTM+0.0077%8h2,723−0.039%$382.4M$576.8M100xas long as short
Aster ETHUSDT+0.0081%8h2,723.1−0.035%$252.3M$850.7M200xas long as short
Aevo ETH-PERP+0.0088%1h2,721−0.112%$4.9M$175K20xas long as short
MEXC ETH_USDT+0.0091%8h2,723−0.041%$1.58B$2.59B500xas long as short
Binance ETHUSDT+0.0092%8h2,722.8−0.046%$6.30B$16.09B150xas long as short
Lighter ETH+0.0096%1h2,723.4−0.026%$112.2M$433.3M50xas long as short
Lighter RH ETH+0.0096%1h2,724.7+0.023%$23.4M$102.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,724.1+0.001%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,728.7+0.171%$15.4M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,723.6−0.016%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,725.1+0.038%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,724.9+0.032%$32.0M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,723.8−0.010%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,724.4+0.011%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,723.2−0.033%$3.30B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,722.9−0.043%$2.10B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,722.8−0.047%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,724.1+0.003%$133.8M$316.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,724.2+0.006%$185.4M$683.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,724.8+0.025%$158.3M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726+0.071%$20.9M$69.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,725.8+0.063%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,725.2+0.042%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,723.9−0.006%$193K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,724.8+0.027%$40.7M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,723.5−0.022%$954K$10.7M100xas long as short
SoDEX ETH-USD+0.0100%1h2,723.1−0.035%$54.2M$182.7M40xas long as short
Phemex ETHUSDT+0.0100%8h2,723.9−0.007%$262.3M$64.3M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.098%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,725.2+0.043%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,722.3−0.063%$30.4M$71.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.7+0.062%$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,724.7+0.023%$46.5M$4.26B50xas long as short
RISEx ETH/USDC+0.0114%1h2,724.6+0.021%$5.6M$11.6M25xas long as short
Reya ETHRUSDPERP+0.0178%1h2,723.3−0.026%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,725.8+0.065%$32.2M$11.2M100xas long as short
Bluefin ETH-PERPshort+0.0275%1h2,724.2+0.005%$20K$23K25x