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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0228%/8h= −24.9% APRnext payment $0.28 per $10,000 · paid last 24h +0.017%
Price spread now: RISEx against ApeX Omni−0.361%54s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.131%+$13 on $10k
Price spread, last 7 days+0.379%+$38 · spread now −0.361%, 7d avg +0.002%
Together, before fees+0.510%+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and RISEx is 0.363% cheaper against ApeX Omni than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.131%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ETHUSDT2,766.90.0100pay 0.0013% / 1h1m 44s$8.8M$31.4M100x
ShortRISEx ETH/USDC2,756.9−0.0128pay 0.0016% / 1h1m 44s$5.7M$11.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$47.82
Price spread: −0.361% → +0.002%
−$36.34
Slippage, 4 orders
−$5.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$105.48
Costs to cover
0.213%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago0.42 bp5.4 bp −$55.6 bp −$5620.8 bp −$2,08053.3 bp −$26.6K
Sell RISEx live order book, 2 min ago0.02 bp4.5 bp −$55.0 bp −$50doesn't fitdoesn't fit

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%1h2,773.8+0.250%$119K$22.5M52xas long as short
Perpl ETH−0.0447%43m2,757.3−0.347%$323K$6.1M8.3xas long as short
RISEx ETH/USDCshort−0.0128%1h2,756.9−0.361%$5.7M$11.2M25x
Hotstuff ETH-PERP−0.0080%1h2,757−0.357%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,758.7−0.296%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,768.6+0.062%$869K$3.7M25xas long as short
dYdX ETH-USD+0.0004%1h2,759.3−0.273%$12.2M$43.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,758.3−0.310%$22.3M200xas long as short
Bullet ETH-USD+0.0017%1h2,757.8−0.330%$183K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0034%8h2,757−0.357%$1.69B$10.96B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,758.3−0.310%$12.5M200xas long as short
Aster ETHUSDT+0.0044%8h2,756.6−0.370%$259.6M$850.5M200xas long as short
SoDEX ETH-USD+0.0047%1h2,757.1−0.354%$54.9M$187.7M40xas long as short
Binance ETHUSDT+0.0055%8h2,757.5−0.340%$6.43B$16.07B150xas long as short
MEXC ETH_USDT+0.0055%8h2,757.2−0.351%$1.61B$2.67B500xas long as short
Aevo ETH-PERP+0.0056%1h2,757−0.357%$5.0M$156K20xas long as short
HTX ETH-USDT+0.0062%8h2,757.1−0.355%$1.07B$1.23B200xas long as short
Gate ETH_USDT+0.0063%8h2,757.4−0.345%$3.39B$9.17B200xas long as short
Aftermath Perps ETHUSD+0.0070%1h2,766.8−0.002%$31K$21K20xas long as short
Phemex ETHUSDT+0.0078%8h2,757.6−0.335%$268.4M$65.9M150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,758.4−0.307%$60.0M$4.39B50xas long as short
Bitget ETHUSDT+0.0082%8h2,757.4−0.344%$2.08B$2.83B150xas long as short
Vest ETH-PERP+0.0088%1h2,758.8−0.291%$870K50xas long as short
KuCoin ETHUSDTM+0.0090%8h2,757.5−0.340%$393.0M$602.9M100xas long as short
Lighter ETH+0.0096%1h2,757.5−0.340%$114.2M$461.9M50xas long as short
Lighter RH ETH+0.0096%1h2,759.5−0.267%$25.4M$113.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,761.4−0.197%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,757.1−0.354%$473K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,758.8−0.292%$14.3M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,759.7−0.260%$3.14B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,759.1−0.282%$31.2M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,757−0.357%$2.49B$4.28B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,757.3−0.347%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,757.3−0.345%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.174%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,757.3−0.346%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,757.5−0.338%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4−0.018%$134.4M$347.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,770.3+0.124%$183.8M$751.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.1+0.006%$160.9M$82.6M50xas long as short
ApeX Omni ETHUSDTlong+0.0100%1h2,766.9long leg$8.8M$31.4M100x
StandX ETH-USD+0.0100%1h2,761.2−0.206%$21.4M$65.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,757.4−0.343%$10.4M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,758.4−0.308%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,760.1−0.244%$42.4M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,756.6−0.373%$967K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,756.7−0.370%$30.8M$74.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,759.7−0.259%$35.6M500xas long as short
Kalshi KXETHPERP+0.0122%8h2,760.6−0.227%$7.9M$671.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,758.9−0.290%$259.1M$200.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,758.7−0.297%$96.7M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0158%8h2,761.1−0.209%$32.5M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,768.6+0.061%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0176%8h2,756.8−0.365%$286.3M$179.7M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,757.4−0.344%$7.3M$1.1M25xas long as short