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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against Bitget−0.026%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Long on BitgetShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days−0.001%$0 · spread now −0.026%, 7d avg −0.041%
Together, before fees−0.013%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,729.40.0100pay 0.0100% / 8h4h 49m$2.07B$2.74B150x
ShortBingX ETH-USDC2,728.70.0056get 0.0056% / 8h4h 49m—$18.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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
−$9.28
Price spread: −0.026% → −0.041%
$1.52
Slippage, 4 orders
−$0.4
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$30.17
Costs to cover
0.224%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: 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 Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.1 bp −$617.9 bp −$788doesn't fit
Sell BingX live order book, 4 min ago0.18 bp5.2 bp −$55.9 bp −$597.6 bp −$76210.1 bp −$5,065

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%43m2,731.5+0.079%$299K$5.5M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.5+0.224%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,738.1+0.319%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.3−0.003%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,734.6+0.191%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,732.6+0.118%$181K$833K50xas long as short
Phoenix ETH0.0000%1h2,741.2+0.433%$834K$2.9M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.2−0.008%$25.7M—200xas long as short
Bullet ETH-USD+0.0038%1h2,729.2−0.005%$180K$1.7M20xas long as short
SoDEX ETH-USD+0.0050%1h2,734.3+0.180%$54.5M$187.6M40xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDCshort+0.0056%8h2,728.7−0.026%—$18.4M—
OKX ETH-USDT-SWAP+0.0072%8h2,728.5−0.034%$1.68B$10.62B100xas long as short
KuCoin ETHUSDTM+0.0072%8h2,732.2+0.102%$379.4M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,730.5+0.041%$260.0M$196.2M50xas long as short
Aster ETHUSDT+0.0084%8h2,732.6+0.116%$252.7M$841.5M200xas long as short
Aevo ETH-PERP+0.0088%1h2,729.5+0.003%$4.9M$154K20xas long as short
Binance ETHUSDT+0.0091%8h2,728.5−0.033%$6.34B$15.74B150xas long as short
MEXC ETH_USDT+0.0091%8h2,730.4+0.035%$1.55B$2.53B500xas long as short
Lighter ETH+0.0096%1h2,734.2+0.176%$112.5M$432.9M50xas long as short
Lighter RH ETH+0.0096%1h2,734.2+0.175%$24.1M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.5+0.189%—$30.4M500xas long as short
RISEx ETH/USDC+0.0099%1h2,732.4+0.111%$5.6M$11.4M25xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.8+0.309%$15.8M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.7+0.085%$498K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,730.7+0.050%$13.8M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,733.4+0.147%$3.10B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,734.4+0.184%$31.7M$333.8M50xas long as short
Bybit ETHUSDT+0.0100%8h2,728.5−0.033%$2.41B$4.26B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.7+0.085%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.116%$2.8M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.8+0.417%$166.9M$306.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.7+0.011%$3.35B$8.70B200xas long as short
Bitget ETHUSDTlong+0.0100%8h2,729.4long leg$2.07B$2.74B150x
Backpack ETH_USDC_PERP+0.0100%1h2,733.8+0.163%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,734.9+0.202%$133.1M$324.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,738+0.315%$182.0M$665.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,739+0.351%$159.4M$84.4M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,735.3+0.217%$8.7M$30.7M100xas long as short
StandX ETH-USD+0.0100%1h2,736+0.242%$21.1M$69.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,732.9+0.128%—$843K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.8+0.125%$10.9M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,730.4+0.036%$41.3M$29.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,728.7−0.025%$957K$11.4M100xas long as short
HTX ETH-USDT+0.0100%8h2,734.2+0.177%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,734.4+0.185%$265.7M$65.2M150xas long as short
Extended ETH-USD+0.0104%1h2,727.7−0.061%$30.6M$72.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.7+0.233%$51.2M$4.26B50xas long as short
Aftermath Perps ETHUSD+0.0119%1h2,737.7+0.304%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0156%8h2,735.5+0.224%$7.7M$673.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,731+0.058%$32.1M$11.5M100xas long as short
BloFin ETH-USDT+0.0211%8h2,735.5+0.225%$285.2M$172.6M150xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,730+0.022%$85.1M$311.9M100xas long as short
Reya ETHRUSDPERP+0.0224%1h2,729.7+0.010%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,736+0.242%$254K$1.4M20xas long as short
Bluefin ETH-PERP+0.1037%1h2,729.3−0.002%$21K$20K25xas long as short