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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRnext payment $0.03 per $10,000 · paid last 24h −0.032%
Price spread now: ApeX Omni against Bluefin+0.014%49s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,729.20.0100pay 0.0013% / 1h49m 32s$22K$21K25x
ShortApeX Omni ETHUSDT2,729.60.0078get 0.0010% / 1h49m 32s$8.7M$31.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bluefin. 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
−$4.64
Price spread: +0.014% → 0.000%
$1.43
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$20.21
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; ApeX Omni: live order book, 5 min ago. 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 Bluefin no order-book sample
Sell ApeX Omni live order book, 5 min ago0.84 bp5.8 bp −$67.5 bp −$7524.3 bp −$2,43079.6 bp −$39.8K
Bluefin: 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
Perpl ETH−0.0335%43m2,730+0.029%$288K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.1−0.004%$5K$1K50xas long as short
HTX ETH-USDT−0.0015%8h2,728.4−0.029%$1.05B$1.21B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.7+0.019%$11.9M200xas long as short
Phoenix ETH−0.0009%1h2,730.9+0.062%$815K$3.0M25xas long as short
dYdX ETH-USD+0.0006%1h2,728.5−0.027%$10.7M$42.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,729.9+0.025%$28.0M200xas long as short
Injective ETH/USDC PERP+0.0009%1h2,730.1+0.033%$117K$22.5M52xas long as short
BingX ETH-USDT+0.0031%8h2,728.8−0.016%$1.13Bas long as short
01 Exchange ETHUSD+0.0040%1h2,729.6+0.014%$186K$785K50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0040%8h2,728.9−0.011%$2.36B$4.40B150xas long as short
Deribit ETH-PERPETUAL+0.0051%1h2,729.3+0.003%$258.4M$203.2M50xas long as short
Bullet ETH-USD+0.0061%1h2,729.4+0.007%$178K$1.7M20xas long as short
SunX ETH-USDT+0.0063%8h2,727.2−0.073%$957K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0069%8h2,729.2−0.001%$377.7M$576.8M100xas long as short
Aftermath Perps ETHUSD+0.0077%1h2,729.2−0.001%$30K$20K20xas long as short
ApeX Omni ETHUSDTshort+0.0078%1h2,729.6+0.014%$8.7M$31.2M100x
Aevo ETH-PERP+0.0080%1h2,726.4−0.102%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,728.8−0.014%$252.4M$843.1M200xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,729.1−0.004%$1.67B$10.75B100xas long as short
MEXC ETH_USDT+0.0086%8h2,729.1−0.004%$1.56B$2.55B500xas long as short
Binance ETHUSDT+0.0087%8h2,729−0.006%$6.33B$15.98B150xas long as short
Phemex ETHUSDT+0.0089%8h2,727.8−0.051%$264.0M$64.1M150xas long as short
Lighter ETH+0.0096%1h2,729.3+0.003%$111.9M$429.0M50xas long as short
Lighter RH ETH+0.0096%1h2,730.7+0.053%$23.4M$102.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,730.3+0.042%$31.0M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,728.5−0.026%$499K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.5+0.084%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,728.7−0.019%$13.7M$104.9M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.9+0.063%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,729.9+0.025%$31.8M$333.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.9−0.048%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,729.3+0.004%$1.5M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,729−0.009%$165.1M$317.5M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.1−0.005%$3.34B$8.84B200xas long as short
Bitget ETHUSDT+0.0100%8h2,729−0.009%$2.08B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,727.6−0.061%$15.0M$42.7M50xas long as short
Variational Omni ETH+0.0100%8h2,729.7+0.019%$134.4M$324.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,726.8−0.088%$183.1M$672.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.9+0.061%$158.9M$87.3M50xas long as short
StandX ETH-USD+0.0100%1h2,730.6+0.051%$21.0M$73.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,730.1+0.034%$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.2+0.036%$11.2M$9.5M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,729.2long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,730+0.028%$40.9M$30.1M15xas long as short
SoDEX ETH-USD+0.0100%1h2,727.9−0.048%$54.3M$187.9M40xas long as short
Extended ETH-USD+0.0104%1h2,727.9−0.047%$30.6M$73.8M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,728.9−0.012%$50.1M$4.28B50xas long as short
RISEx ETH/USDC+0.0108%1h2,729.3+0.002%$5.6M$11.7M25xas long as short
Kalshi KXETHPERP+0.0148%8h2,730.6+0.051%$6.3M$689.6M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0176%1h2,728.4−0.028%$83.0M$316.6M100xas long as short
Orderly PERP_ETH_USDC+0.0189%8h2,730.9+0.062%$32.1M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0204%1h2,728.3−0.032%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,730.9+0.063%$249K$1.4M20xas long as short
BloFin ETH-USDT+0.0341%8h2,730.3+0.040%$282.7M$174.6M150xas long as short