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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.006%
Price spread now: Vest against Binance+0.131%7-day average +0.031% · 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 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.131%, 7d avg +0.031%
Together, before fees+0.049%+ Points / potential airdropVest: Active · farm board+$5 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: Vest is 0.100% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,728.40.0094pay 0.0094% / 8h1h 03m$6.33B$16.11B150x
ShortVest ETH-PERP2,7320.0100get 0.0013% / 1h3m 04s$445K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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
$1.23
Price spread: +0.131% → +0.031%
$9.97
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$0.8
Costs to cover
0.120%
Break-even
11.5 days
Slippage unknown: Binance: live order book, 11 min ago; Vest: 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 Binance live order book, 11 min ago0.02 bp5.0 bp −$55.0 bp −$506.1 bp −$6118.4 bp −$4,199
Sell Vest no order-book sample
Vest: 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
Hotstuff ETH-PERP−0.0080%1h2,731.4+0.111%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,734.2+0.213%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.7+0.049%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,734.4+0.221%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,731.3+0.105%$10.5M$42.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.100%$6.7M$682.4M4.9xas long as short
Perpl ETH0.0000%43m2,730.7+0.085%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,731+0.097%$262.5M$213.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.2+0.102%$33.0M200xas long as short
ApeX Omni ETHUSDT+0.0014%1h2,732.5+0.151%$8.6M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,731.6+0.118%$191K$890K50xas long as short
BingX ETH-USDT+0.0022%8h2,728.8+0.016%$1.10Bas long as short
Bybit ETHUSDT+0.0027%8h2,728−0.015%$2.33B$4.38B150xas long as short
HTX ETH-USDT+0.0030%8h2,730+0.058%$1.05B$1.22B200xas long as short
KuCoin ETHUSDTM+0.0068%8h2,729.9+0.054%$385.7M$577.7M100xas long as short
SoDEX ETH-USD+0.0071%1h2,730+0.059%$54.4M$187.2M40xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,728−0.014%$1.65B$10.85B100xas long as short
Aster ETHUSDT+0.0082%8h2,729.1+0.027%$252.8M$846.9M200xas long as short
Phemex ETHUSDT+0.0091%8h2,730.1+0.064%$262.9M$64.5M150xas long as short
Bullet ETH-USD+0.0091%1h2,729.7+0.048%$188K$1.7M20xas long as short
Binance ETHUSDTlong+0.0094%8h2,728.4long leg$6.33B$16.11B150x
MEXC ETH_USDT+0.0095%8h2,729.8+0.051%$1.54B$2.61B500xas long as short
Lighter ETH+0.0096%1h2,730.9+0.091%$112.7M$439.4M50xas long as short
Lighter RH ETH+0.0096%1h2,732+0.131%$23.5M$103.5M50xas long as short
Aevo ETH-PERP+0.0096%1h2,727.4−0.037%$4.9M$174K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,730.7+0.085%$502K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.8+0.234%$15.4M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.9+0.092%$14.1M$104.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.3+0.107%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,731.9+0.131%$32.0M$332.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,730.7+0.085%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.6+0.118%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,731.8+0.126%$164.2M$349.6M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.9+0.057%$3.30B$9.05B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.3−0.004%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.2+0.029%$15.1M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,732.5+0.152%$134.3M$320.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,732.3+0.145%$185.8M$683.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.5+0.150%$158.8M$83.7M50xas long as short
StandX ETH-USD+0.0100%1h2,732+0.133%$21.0M$70.2M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,732+0.131%$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,731.6+0.118%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.6+0.080%$22K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.156%$40.9M$30.1M15xas long as short
SunX ETH-USDT+0.0100%8h2,729.9+0.057%$958K$10.9M100xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,732.7+0.159%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,727.3−0.041%$30.4M$73.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,731.6+0.117%$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,731.5+0.113%$46.5M$4.30B50xas long as short
RISEx ETH/USDC+0.0115%1h2,731.6+0.117%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0120%1h2,731.7+0.123%$243K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,732.2+0.141%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0187%1h2,729.1+0.025%$7.3M$975K25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,730.5+0.079%$82.1M$309.7M100xas long as short
BloFin ETH-USDT+0.0319%8h2,730.2+0.068%$281.2M$176.0M150xas long as short