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 −0.020%
Price spread now: Vest against Bluefin+0.025%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: 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: Vest is 0.025% dearer against Bluefin than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,7330.0100pay 0.0013% / 1h23m 11s$22K$21K25x
ShortVest ETH-PERP2,733.70.0100get 0.0013% / 1h23m 11s$445K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.025% → 0.000%
$2.53
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$6.47
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample
Sell Vest no order-book sample
Bluefin and 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
Perpl ETH−0.0112%43m2,731.8−0.045%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.4+0.013%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.199%$117K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0018%1h2,730−0.110%$8.6M$31.5M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.9−0.006%$12.0M200xas long as short
Phoenix ETH−0.0006%1h2,733.3+0.010%$813K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.7+0.024%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,733.1+0.002%$6.5M$685.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.4+0.014%$262.6M$214.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,732.9−0.004%$33.0M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,732.1−0.034%$191K$893K50xas long as short
HTX ETH-USDT+0.0018%8h2,732.1−0.033%$1.05B$1.23B200xas long as short
BingX ETH-USDC+0.0025%8h2,731.7−0.050%$18.6Mas long as short
Bybit ETHUSDT+0.0030%8h2,731.8−0.045%$2.34B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.1−0.035%$374.7M$577.3M100xas long as short
Aster ETHUSDT+0.0083%8h2,732−0.038%$252.5M$849.0M200xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,731.8−0.046%$1.65B$10.94B100xas long as short
SoDEX ETH-USD+0.0086%1h2,732.4−0.023%$54.4M$187.2M40xas long as short
MEXC ETH_USDT+0.0092%8h2,731.9−0.042%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0093%8h2,732−0.039%$6.33B$16.17B150xas long as short
SunX ETH-USDT+0.0095%8h2,731.5−0.056%$958K$11.0M100xas long as short
Aftermath Perps ETHUSD+0.0096%1h2,731.1−0.071%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,732.4−0.023%$112.4M$436.1M50xas long as short
Lighter RH ETH+0.0096%1h2,733.8+0.028%$23.5M$103.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,730.2−0.103%$4.9M$157K20xas long as short
Phemex ETHUSDT+0.0099%8h2,731.9−0.044%$263.2M$64.6M150xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.6−0.053%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737+0.146%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.4−0.059%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.4+0.050%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,733−0.003%$32.0M$332.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.5−0.056%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.1−0.034%$1.5M$16.3M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.7−0.014%$3.30B$9.01B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.3−0.027%$2.09B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.3−0.027%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,731.9−0.041%$134.0M$323.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,729.1−0.144%$185.6M$681.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.5−0.093%$158.7M$85.9M50xas long as short
StandX ETH-USD+0.0100%1h2,733.8+0.028%$21.0M$70.5M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,733.7+0.025%$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,733.2+0.006%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.2−0.030%$179K$1.7M20xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,733long leg$22K$21K25x
Derive ETH-PERP+0.0100%1h2,727.3−0.210%$40.9M$30.3M15xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.250%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,732−0.039%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,733.5+0.016%$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,733.2+0.006%$49.1M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,732.2−0.030%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735.1+0.074%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0190%1h2,731.1−0.070%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,732.9−0.003%$82.3M$312.4M100xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,732.8−0.008%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0370%8h2,732−0.038%$281.7M$175.6M150xas long as short