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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%
Price spread now: Extended against ApeX Omni−0.118%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$160.159% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.178%+$18 on $10k
Price spread, last 7 days+0.093%+$9 · spread now −0.118%, 7d avg −0.053%
Together, before fees+0.271%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.065% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,772.10.0100pay 0.0013% / 1h35m 07s$8.7M$32.2M100x
ShortExtended ETH-USD2,768.80.0104get 0.0013% / 1h35m 07s$31.3M$74.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.118% → −0.053%
−$6.54
Slippage, 4 orders
−$0.95
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$21.65
Costs to cover
0.159%
Break-even
187.4 days
Slippage from ApeX Omni: live order book, 4 min ago; Extended: live order book, 4 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 ApeX Omni live order book, 4 min ago0.07 bp5.1 bp −$56.2 bp −$6217.6 bp −$1,75649.7 bp −$24.9K
Sell Extended live order book, 4 min ago0.18 bp3.1 bp −$33.6 bp −$366.1 bp −$60515.9 bp −$7,928

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
Injective ETH/USDC PERP−0.0752%1h2,762.9−0.332%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,769.2−0.104%$5.6M$11.3M25xas long as short
Perpl ETH−0.0112%43m2,768.5−0.131%$320K$6.4M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.5+0.051%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,769.3−0.101%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,771.5−0.021%$876K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,771−0.040%$12.2M$45.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,769.9−0.080%$22.4M200xas long as short
Phemex ETHUSDT+0.0009%8h2,768.8−0.119%$269.5M$67.4M150xas long as short
Bullet ETH-USD+0.0023%1h2,768.8−0.118%$183K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0024%8h2,770−0.076%$1.71B$11.22B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,769.5−0.094%$12.7M200xas long as short
SoDEX ETH-USD+0.0037%1h2,769.3−0.101%$55.2M$187.9M40xas long as short
Aster ETHUSDT+0.0040%8h2,769.4−0.097%$256.6M$886.7M200xas long as short
MEXC ETH_USDT+0.0055%8h2,769.8−0.082%$1.62B$2.63B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.3−0.101%$6.46B$16.39B150xas long as short
Aevo ETH-PERP+0.0056%1h2,766.9−0.189%$5.0M$165K20xas long as short
HTX ETH-USDT+0.0062%8h2,769.1−0.109%$1.08B$1.26B200xas long as short
Aftermath Perps ETHUSD+0.0062%1h2,772.6+0.018%$31K$23K20xas long as short
Bitget ETHUSDT+0.0070%8h2,770.2−0.069%$2.10B$2.89B150xas long as short
Deribit ETH-PERPETUAL+0.0071%1h2,770.7−0.049%$259.1M$207.4M50xas long as short
Gate ETH_USDT+0.0077%8h2,770.3−0.066%$3.35B$8.97B200xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,770.2−0.067%$60.3M$4.45B50xas long as short
KuCoin ETHUSDTM+0.0082%8h2,769.2−0.105%$420.0M$633.5M100xas long as short
Vest ETH-PERP+0.0083%1h2,770.2−0.070%$878K50xas long as short
Lighter ETH+0.0096%1h2,769.7−0.085%$115.2M$457.5M50xas long as short
Lighter RH ETH+0.0096%1h2,771.2−0.031%$25.8M$111.2M50xas long as short
SunX ETH-USDT+0.0098%8h2,771.9−0.009%$973K$13.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,770.3−0.065%$15.9M$8.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.6−0.090%$486K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769−0.110%$14.8M$114.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.4+0.013%$3.17B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,770.5−0.056%$31.3M$323.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,770.2−0.068%$2.51B$4.39B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.8−0.083%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.1−0.072%$2.7M$17.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.8−0.081%$171.6M$277.9M25xas long as short
BingX ETH-USDC+0.0100%8h2,770.3−0.066%$17.4Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.3−0.065%$15.2M$42.1M50xas long as short
Variational Omni ETH+0.0100%8h2,772.3+0.007%$142.1M$343.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,773+0.031%$182.0M$786.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5−0.023%$161.2M$84.7M50xas long as short
ApeX Omni ETHUSDTlong+0.0100%1h2,772.1long leg$8.7M$32.2M100x
StandX ETH-USD+0.0100%1h2,772.6+0.018%$21.4M$61.9M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.8−0.119%$10.6M$7.9M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770.2−0.067%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,771.4−0.025%$42.6M$29.0M15xas long as short
Extended ETH-USDshort+0.0104%1h2,768.8−0.118%$31.3M$74.0M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.7−0.088%$37.0M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,770.6−0.054%$7.9M$683.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,770.5−0.057%$93.3M$317.0M100xas long as short
Orderly PERP_ETH_USDC+0.0149%8h2,772−0.003%$32.6M$11.3M100xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,773.9+0.064%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0175%8h2,768.4−0.132%$287.6M$185.9M150xas long as short
Reya ETHRUSDPERP+0.0210%1h2,768.9−0.117%$7.3M$1.2M25xas long as short