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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h +0.018%
Price spread now: RISEx against Bitget+0.007%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.190% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.054%+$5 on $10k
Price spread, last 7 days0.000%$0 · spread now +0.007%, 7d avg +0.008%
Together, before fees+0.054%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.054%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ETHUSDT2,775.80.0069pay 0.0069% / 8h1h 16m$2.10B$3.10B150x
ShortRISEx ETH/USDC2,776−0.0085pay 0.0011% / 1h16m 23s$5.7M$12.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
−$32.36
Price spread: +0.007% → +0.008%
−$0.07
Slippage, 4 orders
−$1
Fee Bitget: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$51.44
Costs to cover
0.190%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago0.02 bp6.0 bp −$66.2 bp −$627.7 bp −$7689.1 bp −$4,569
Sell RISEx live order book, 3 min ago0.02 bp3.9 bp −$45.5 bp −$55doesn'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
Perpl ETH−0.0447%43m2,775−0.030%$288K$6.9M8.3xas long as short
RISEx ETH/USDCshort−0.0085%1h2,776+0.007%$5.7M$12.0M25x
Hotstuff ETH-PERP−0.0080%1h2,775.2−0.023%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.135%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.5+0.024%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0008%1h2,777.2+0.048%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,775.6−0.008%$12.7M$45.6M50xas long as short
Phoenix ETH0.0000%1h2,779.6+0.135%$886K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.8+0.034%$22.4M200xas long as short
Deribit ETH-PERPETUAL+0.0009%1h2,776.6+0.027%$258.5M$222.3M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0015%8h2,776+0.007%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0019%8h2,775.8−0.003%$1.70B$11.86B100xas long as short
Phemex ETHUSDT+0.0023%8h2,776.1+0.010%$270.1M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,776.7+0.030%$12.9M200xas long as short
Bullet ETH-USD+0.0036%1h2,776+0.006%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0038%8h2,776+0.004%$256.5M$991.8M200xas long as short
Nado ETH-PERP+0.0059%1h2,775.9+0.004%$14.2M$118.2M50xas long as short
Aevo ETH-PERP+0.0064%1h2,775.2−0.024%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0066%8h2,776.1+0.010%$6.44B$17.21B150xas long as short
MEXC ETH_USDT+0.0066%8h2,776.1+0.008%$1.62B$2.67B500xas long as short
Bitget ETHUSDTlong+0.0069%8h2,775.8long leg$2.10B$3.10B150x
ApeX Omni ETHUSDT+0.0073%1h2,780.3+0.159%$8.8M$32.6M100xas long as short
Gate ETH_USDT+0.0074%8h2,776+0.006%$3.29B$9.65B200xas long as short
SoDEX ETH-USD+0.0075%1h2,774.9−0.034%$55.2M$228.9M40xas long as short
Bybit ETHUSDT+0.0093%8h2,776.1+0.009%$2.52B$4.62B150xas long as short
HTX ETH-USDT+0.0094%8h2,775.2−0.023%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,775.5−0.012%$115.2M$502.1M50xas long as short
Lighter RH ETH+0.0096%1h2,777.2+0.050%$25.4M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.6+0.029%$41.6M500xas long as short
KuCoin ETHUSDTM+0.0098%8h2,776+0.006%$422.5M$739.3M100xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,775−0.032%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.3+0.017%$478K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,778.6+0.099%$3.19B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,776+0.004%$31.3M$302.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.7−0.041%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,777.6+0.065%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,778.9+0.111%$165.9M$253.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.6−0.009%$15.2M$44.3M50xas long as short
Variational Omni ETH+0.0100%8h2,778.6+0.100%$136.7M$326.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,779.6+0.137%$181.9M$783.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,777.6+0.063%$161.5M$91.5M50xas long as short
StandX ETH-USD+0.0100%1h2,776.9+0.038%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,777.2+0.049%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.2+0.014%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.2+0.084%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.3−0.055%$973K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,776.5+0.023%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,774.8−0.039%$32.6M$77.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.3+0.016%$59.8M$4.60B50xas long as short
Kalshi KXETHPERP+0.0126%8h2,776.7+0.031%$8.4M$679.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,778.7+0.102%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,775.9+0.004%$86.0M$332.3M100xas long as short
BloFin ETH-USDT+0.0186%8h2,775.5−0.012%$284.2M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0193%1h2,775.8−0.003%$7.4M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,778.8+0.107%$270K$1.5M20xas long as short