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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.038%
Price spread now: Reya against ApeX Omni+0.101%63s7-day average −0.033% · 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 4 days (all we have)+0.167%+$17 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.101%, 7d avg −0.033%
Together, before fees+0.035%+ Points / potential airdropReya: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.134% dearer against ApeX Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,739.90.0027pay 0.0003% / 1h5m 57s$8.2M$25.1M100x
ShortReya ETHRUSDPERP2,742.70.0148get 0.0019% / 1h5m 57s$7.3M$854K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$25.47
Price spread: +0.101% → −0.033%
$13.4
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$22.86
Costs to cover
0.160%
Break-even
0.7 days
Slippage unknown: ApeX Omni: live order book, 1 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 ApeX Omni live order book, 1 min ago0.35 bp5.3 bp −$55.8 bp −$5820.1 bp −$2,01036.9 bp −$18.4K
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff ETH-PERP−0.0080%1h2,749.9+0.364%$5K$1K50xas long as short
Hibachi ETH/USDT-P−0.0080%1h2,743.1+0.116%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,743.8+0.140%$12.2M200xas long as short
Phoenix ETH−0.0009%1h2,741.3+0.050%$820K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,743.6+0.134%$7.3M$655.1M4.9xas long as short
Perpl ETH0.0000%43m2,741.6+0.061%$277K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,743.2+0.118%$33.1M200xas long as short
ApeX Omni ETHUSDTlong+0.0027%1h2,739.9long leg$8.2M$25.1M100x
Bybit ETHUSDT+0.0036%8h2,743.2+0.120%$2.37B$3.78B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,743.5+0.130%$182K$909K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0069%8h2,743.2+0.120%$1.67B$9.10B100xas long as short
Aevo ETH-PERP+0.0088%1h2,740.9+0.037%$4.9M$244K20xas long as short
Aster ETHUSDT+0.0090%8h2,743.1+0.117%$255.5M$713.6M200xas long as short
KuCoin ETHUSDTM+0.0090%8h2,743.6+0.132%$365.3M$435.3M100xas long as short
MEXC ETH_USDT+0.0091%8h2,743.3+0.124%$1.59B$2.38B500xas long as short
Binance ETHUSDT+0.0091%8h2,743.1+0.115%$6.41B$13.82B150xas long as short
dYdX ETH-USD+0.0095%1h2,742.6+0.099%$15.2M$42.4M50xas long as short
Lighter ETH+0.0096%1h2,743.8+0.141%$114.0M$391.7M50xas long as short
Lighter RH ETH+0.0096%1h2,745+0.185%$23.6M$96.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,743.2+0.120%$23.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,744.9+0.182%$47.7M$3.89B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,742.7+0.101%$513K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,743+0.113%$14.9M$93.9M50xas long as short
Pacifica ETH+0.0100%1h2,744+0.147%$32.2M$322.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.4+0.017%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.6+0.171%$1.6M$14.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741+0.038%$163.6M$316.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,743.3+0.123%$3.27B$7.80B200xas long as short
Bitget ETHUSDT+0.0100%8h2,743.3+0.121%$2.11B$2.28B150xas long as short
BingX ETH-USDT+0.0100%8h2,743.1+0.116%$947.9Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,742.5+0.094%$14.9M$35.9M50xas long as short
Variational Omni ETH+0.0100%8h2,739.5−0.017%$132.3M$277.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,739.6−0.011%$184.4M$560.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,740.6+0.023%$159.3M$69.5M50xas long as short
StandX ETH-USD+0.0100%1h2,742.2+0.083%$21.1M$74.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,744.6+0.170%$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2+0.192%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.8+0.140%$177K$1.6M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,743.1+0.115%$20K$12K25xas long as short
Derive ETH-PERP+0.0100%1h2,742.9+0.109%$40.9M$26.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.7+0.100%$945K$8.4M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.3+0.123%$61.8M$121.7M40xas long as short
HTX ETH-USDT+0.0100%8h2,743.2+0.118%$1.05B$1.00B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.3+0.123%$263.2M$56.2M150xas long as short
Extended ETH-USD+0.0104%1h2,742.4+0.089%$30.1M$63.8M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,743.8+0.140%$82.7M$267.8M100xas long as short
Aftermath Perps ETHUSD+0.0111%1h2,741.6+0.062%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0118%1h2,744.5+0.165%$267.1M$182.2M50xas long as short
Reya ETHRUSDPERPshort+0.0148%1h2,742.7+0.101%$7.3M$854K25x
Hyperliquid ETH+0.0167%1h2,746+0.221%$3.15B$1.69B25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,745.9+0.219%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0206%1h2,744.5+0.168%$5.7M$10.5M25xas long as short
BloFin ETH-USDT+0.0362%8h2,742.2+0.084%$284.9M$147.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,745.8+0.214%$118K$27.2M52xas long as short
Paradex ETH-USD-PERP+0.0507%8h2,745.5+0.205%$15.8M$6.2M50xas long as short