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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Ondo Perps against Bluefin−0.085%7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.085% cheaper against Bluefin than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,730.20.0100pay 0.0013% / 1h54m 37s$22K$21K25x
ShortOndo Perps ETH-USD.P2,727.90.0100get 0.0013% / 1h54m 37s$2.7M$16.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$0
Price spread: −0.085% → 0.000%
−$8.46
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$20.46
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; Ondo Perps: 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 Bluefin no order-book sample
Sell Ondo Perps no order-book sample
Bluefin and Ondo Perps: 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−0.0112%43m2,730−0.008%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,729.6−0.022%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,731.5+0.047%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.5−0.027%$12.0M200xas long as short
Phoenix ETH−0.0009%1h2,732.8+0.095%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.6−0.057%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.9−0.013%$261.0M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.7−0.018%$32.9M200xas long as short
HTX ETH-USDT+0.0009%8h2,729−0.046%$1.05B$1.22B200xas long as short
ApeX Omni ETHUSDT+0.0027%1h2,731.3+0.041%$8.7M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0034%8h2,727.8−0.088%$1.12Bas long as short
01 Exchange ETHUSD+0.0040%1h2,728.6−0.059%$190K$891K50xas long as short
Bybit ETHUSDT+0.0041%8h2,727.6−0.094%$2.34B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0078%8h2,728.1−0.079%$374.6M$576.4M100xas long as short
SoDEX ETH-USD+0.0078%1h2,729−0.044%$54.4M$187.5M40xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,733.1+0.106%$30K$20K20xas long as short
SunX ETH-USDT+0.0090%8h2,728.7−0.055%$957K$11.1M100xas long as short
Aster ETHUSDT+0.0093%8h2,727.9−0.083%$252.4M$849.4M200xas long as short
OKX ETH-USDT-SWAP+0.0094%8h2,727.6−0.096%$1.66B$10.92B100xas long as short
Lighter ETH+0.0096%1h2,728.6−0.060%$112.1M$431.0M50xas long as short
Lighter RH ETH+0.0096%1h2,729.6−0.022%$23.4M$102.7M50xas long as short
Aevo ETH-PERP+0.0096%1h2,726.7−0.128%$4.9M$156K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.9−0.085%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,732.5+0.085%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.7−0.092%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.8+0.022%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,729.2−0.038%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,727.8−0.089%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.Pshort+0.0100%1h2,727.9−0.085%$2.7M$16.8M25x
Arcus ETH-USD+0.0100%1h2,728.7−0.056%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.175%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.8−0.089%$3.28B$8.92B200xas long as short
MEXC ETH_USDT+0.0100%8h2,727.8−0.088%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,727.6−0.095%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.1−0.041%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3−0.032%$134.0M$326.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.062%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.6+0.016%$158.7M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,730.1−0.004%$21.0M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.7−0.018%$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.4−0.030%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.1−0.006%$181K$1.7M20xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,730.2long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,730.9+0.027%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,729.5−0.026%$263.1M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,727−0.116%$30.3M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,730−0.007%$30.6M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,730.4+0.007%$6.8M$692.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.5+0.010%$50.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.8−0.053%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,731.6+0.051%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,727−0.116%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.9−0.010%$83.4M$311.3M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,732.3+0.075%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,729.3−0.032%$281.5M$175.2M150xas long as short