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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment $0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Vest against Coinbase International+0.062%7-day average −0.012% · 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)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.062%, 7d avg −0.012%
Together, before fees−0.080%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.074% dearer against Coinbase International than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.012%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ETH-PERP-INTX2,731.20.0120pay 0.0015% / 1h25m 55s$50.9M$4.28B50x
ShortVest ETH-PERP2,732.90.0100get 0.0013% / 1h25m 55s$844K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. 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
−$4.2
Price spread: +0.062% → −0.012%
$7.43
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$8.77
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; 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 Coinbase International live order book, 3 min ago0.02 bp5.0 bp −$55.9 bp −$599.3 bp −$92926.3 bp −$13.1K
Sell Vest no order-book sample
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−0.0335%43m2,731.8+0.021%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,732.5+0.048%$5K$1K50xas long as short
HTX ETH-USDT−0.0011%8h2,729.2−0.072%$1.06B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,731.1−0.003%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,739+0.286%$821K$2.9M25xas long as short
dYdX ETH-USD+0.0004%1h2,732.8+0.059%$10.7M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.2+0.002%$28.0M200xas long as short
Bullet ETH-USD+0.0026%1h2,730.7−0.018%$178K$1.7M20xas long as short
BingX ETH-USDT+0.0033%8h2,730.5−0.026%$1.14Bas long as short
Bybit ETHUSDT+0.0039%8h2,730.1−0.040%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,732.6+0.052%$186K$816K50xas long as short
KuCoin ETHUSDTM+0.0067%8h2,730.2−0.035%$379.9M$573.6M100xas long as short
Deribit ETH-PERPETUAL+0.0069%1h2,731.7+0.020%$259.5M$200.2M50xas long as short
SunX ETH-USDT+0.0070%8h2,731.1−0.003%$957K$11.2M100xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,730.3−0.034%$1.67B$10.73B100xas long as short
Aster ETHUSDT+0.0081%8h2,730.6−0.022%$250.8M$841.0M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.241%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0085%8h2,731.2+0.002%$264.8M$65.1M150xas long as short
Aevo ETH-PERP+0.0088%1h2,729.4−0.064%$4.9M$155K20xas long as short
Binance ETHUSDT+0.0089%8h2,730.3−0.031%$6.34B$15.92B150xas long as short
MEXC ETH_USDT+0.0091%8h2,730.5−0.025%$1.55B$2.57B500xas long as short
SoDEX ETH-USD+0.0094%1h2,730.6−0.021%$54.4M$187.7M40xas long as short
Lighter ETH+0.0096%1h2,730.9−0.009%$112.5M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,732.3+0.042%$23.4M$104.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,732.3+0.040%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,733.1+0.070%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.8+0.023%$506K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,733.8+0.097%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,731.9+0.028%$13.8M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.8+0.059%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,733.2+0.073%$31.8M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.5+0.012%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,732.6+0.053%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.192%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,730.6−0.023%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.4−0.029%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.6−0.022%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,729.6−0.057%$133.3M$321.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,734.7+0.127%$184.0M$670.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,734.6+0.127%$159.1M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,735.1+0.144%$21.1M$69.3M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,732.9+0.062%$844K50x
Polymarket Perps ETH-USD+0.0100%1h2,733.1+0.070%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,731.4+0.009%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.6+0.053%$41.2M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,729.7−0.055%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,732.5+0.047%$5.6M$11.8M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,735.2+0.147%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0119%8h2,732.2+0.037%$6.5M$684.1M4.9xas long as short
Coinbase International ETH-PERP-INTXlong+0.0120%1h2,731.2long leg$50.9M$4.28B50x
Kraken Futures PF_ETHUSD+0.0153%1h2,731.2−0.001%$83.2M$315.1M100xas long as short
Orderly PERP_ETH_USDC+0.0195%8h2,733.1+0.071%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0210%1h2,730.8−0.013%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,733.4+0.080%$244K$1.4M20xas long as short
BloFin ETH-USDT+0.0365%8h2,732+0.030%$282.9M$174.9M150xas long as short