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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: SunX against Derive−0.073%61s7-day average −0.076% · 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 7 days−0.065%−$7 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.073%, 7d avg −0.076%
Together, before fees−0.125%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ETH-PERP2,732.50.0100pay 0.0013% / 1h47m 50s$40.6M$29.1M15x
ShortSunX ETH-USDT2,730.50.0100get 0.0100% / 8h7h 47m$946K$10.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Derive. 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: −0.073% → −0.076%
$0.34
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
−$13.66
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; SunX: live order book, 11 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 Derive no order-book sample
Sell SunX live order book, 11 min ago0.71 bp6.5 bp −$76.7 bp −$678.4 bp −$843doesn't fit
Derive: 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
Phemex ETHUSDT−0.0133%8h2,732.4−0.002%$263.3M$63.8M150xas long as short
Perpl ETH−0.0112%43m2,731.1−0.051%$277K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,730.8−0.061%$5K$1K50xas long as short
BloFin ETH-USDT−0.0015%8h2,731.2−0.047%$280.8M$177.8M150xas long as short
Phoenix ETH−0.0012%1h2,731−0.054%$806K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,732.8+0.011%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,731.2−0.047%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,732−0.017%$6.7M$672.3M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,733.1+0.021%$264.7M$218.9M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733+0.021%$33.0M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0016%8h2,731.7−0.030%$2.32B$4.31B150xas long as short
HTX ETH-USDT+0.0022%8h2,731.7−0.030%$1.05B$1.21B200xas long as short
ApeX Omni ETHUSDT+0.0037%1h2,728.2−0.157%$8.4M$31.2M100xas long as short
01 Exchange ETHUSD+0.0056%1h2,732.3−0.006%$191K$884K50xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,731.9−0.022%$1.66B$10.74B100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,731.9−0.021%$241K$1.4M20xas long as short
Aster ETHUSDT+0.0086%8h2,731.9−0.020%$252.4M$850.9M200xas long as short
KuCoin ETHUSDTM+0.0086%8h2,732.5+0.001%$383.6M$576.7M100xas long as short
MEXC ETH_USDT+0.0094%8h2,731.9−0.022%$1.57B$2.55B500xas long as short
Binance ETHUSDT+0.0095%8h2,731.9−0.020%$6.32B$16.07B150xas long as short
SoDEX ETH-USD+0.0096%1h2,732.3−0.006%$54.4M$182.5M40xas long as short
Lighter ETH+0.0096%1h2,732.9+0.016%$112.6M$401.0M50xas long as short
Lighter RH ETH+0.0096%1h2,734.1+0.060%$23.7M$95.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,731.9−0.020%$30.5M500xas long as short
Aevo ETH-PERP+0.0096%1h2,729.8−0.100%$4.9M$195K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,731.9−0.021%$499K$3.6M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.4+0.070%$15.4M$7.3M50xas long as short
Nado ETH-PERP+0.0100%1h2,731−0.055%$14.1M$100.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,734.3+0.067%$3.11B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,732−0.017%$32.0M$332.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,731.3−0.043%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,731.7−0.030%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,731.8−0.024%$3.29B$8.22B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.1−0.015%$2.11B$2.75B150xas long as short
BingX ETH-USDT+0.0100%8h2,731.6−0.031%$1.06Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,732.3−0.008%$15.2M$39.9M50xas long as short
Variational Omni ETH+0.0100%8h2,730.3−0.078%$131.3M$316.0Mas long as short
edgeX ETHUSDC+0.0100%4h2,727.1−0.196%$185.5M$684.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,729−0.129%$158.7M$80.6M50xas long as short
StandX ETH-USD+0.0100%1h2,731.9−0.021%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,733.3+0.031%$441K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.8+0.012%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,732.4−0.001%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,732.7+0.009%$20K$23K25xas long as short
Derive ETH-PERPlong+0.0100%1h2,732.5long leg$40.6M$29.1M15x
SunX ETH-USDTshort+0.0100%8h2,730.5−0.073%$946K$10.6M100x
Bulk ETH-USD+0.0100%1h2,730.8−0.061%$162.8M$334.7M25xas long as short
Aftermath Perps ETHUSD+0.0104%1h2,729.8−0.098%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,731.4−0.039%$30.5M$71.2M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,732.8+0.013%$82.0M$310.0M100xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,733.5+0.037%$46.5M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,732.3−0.008%$5.6M$11.4M25xas long as short
Reya ETHRUSDPERP+0.0174%1h2,731.4−0.041%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,734.8+0.084%$32.2M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,731.3−0.043%$117K$19.3M52xas long as short