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 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.014%
Price spread now: RISEx against dYdX+0.053%55s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.199%−$20 on $10k
Price spread, last 7 days−0.107%−$11 · spread now +0.053%, 7d avg +0.013%
Together, before fees−0.306%−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.040% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 4 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ETH-USD2,733.90get 0.0000% / 1h19m 45s$10.5M$42.9M50x
ShortRISEx ETH/USDC2,735.30.0115get 0.0014% / 1h19m 45s$5.6M$11.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against dYdX. 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
$24.16
Price spread: +0.053% → +0.013%
$4
Slippage, 4 orders
−$8.23
Fee dYdX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$3.92
Costs to cover
0.242%
Break-even
5.9 days
Slippage from dYdX: live order book, 4 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 4 min ago3.11 bp8.1 bp −$88.1 bp −$8115.8 bp −$1,57829.7 bp −$14.8K
Sell RISEx live order book, 4 min ago1.01 bp4.0 bp −$44.6 bp −$46doesn't fitdoesn't fit

ETH on 54 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%43m2,734+0.002%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6+0.025%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.231%$117K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,731.6−0.085%$8.6M$31.6M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,735+0.041%$12.0M200xas long as short
Phoenix ETH−0.0006%1h2,733.3−0.022%$813K$3.0M25xas long as short
dYdX ETH-USDlong0.0000%1h2,733.9long leg$10.5M$42.9M50x
Kalshi KXETHPERP0.0000%8h2,735.5+0.058%$6.6M$685.7M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,735.7+0.066%$262.6M$214.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,735.1+0.043%$33.0M200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,735.2+0.047%$191K$891K50xas long as short
HTX ETH-USDT+0.0021%8h2,735+0.041%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0025%8h2,734.6+0.026%$1.11Bas long as short
Bybit ETHUSDT+0.0030%8h2,734.8+0.031%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,734.5+0.023%$374.7M$577.1M100xas long as short
SoDEX ETH-USD+0.0083%1h2,734.6+0.025%$54.5M$187.2M40xas long as short
Aster ETHUSDT+0.0084%8h2,734.6+0.025%$253.0M$849.2M200xas long as short
OKX ETH-USDT-SWAP+0.0085%8h2,734.4+0.017%$1.65B$10.92B100xas long as short
Phemex ETHUSDT+0.0092%8h2,734.6+0.024%$263.4M$64.6M150xas long as short
MEXC ETH_USDT+0.0094%8h2,734.7+0.028%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0094%8h2,734.6+0.025%$6.34B$16.17B150xas long as short
Lighter ETH+0.0096%1h2,734.8+0.032%$112.5M$436.8M50xas long as short
Lighter RH ETH+0.0096%1h2,735.9+0.075%$23.5M$103.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,732.1−0.064%$4.9M$159K20xas long as short
SunX ETH-USDT+0.0098%8h2,734.5+0.021%$958K$11.0M100xas long as short
Aftermath Perps ETHUSD+0.0098%1h2,732.7−0.044%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,735.1+0.044%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.4+0.203%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.9+0.038%$14.2M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.1+0.117%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,735.6+0.061%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.6+0.025%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.3+0.050%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2+0.010%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.6+0.025%$3.30B$9.02B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.6+0.027%$2.09B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.6−0.013%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,733.4−0.018%$134.0M$323.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.6−0.086%$185.7M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6−0.048%$158.8M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3+0.015%$21.0M$70.5M40xas long as short
Vest ETH-PERP+0.0100%1h2,736.6+0.098%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,736.6+0.099%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,734.8+0.033%$195K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,735.3+0.051%$22K$21K25xas long as short
Extended ETH-USD+0.0104%1h2,733.2−0.026%$30.4M$73.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,734.7+0.029%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,736.1+0.079%$48.6M$4.33B50xas long as short
RISEx ETH/USDCshort+0.0115%1h2,735.3+0.053%$5.6M$11.6M25x
Orderly PERP_ETH_USDC+0.0186%8h2,737.3+0.126%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0189%1h2,734.4+0.019%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,733.1−0.030%$243K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,735.3+0.052%$82.0M$312.5M100xas long as short
BloFin ETH-USDT+0.0375%8h2,733.9−0.001%$281.6M$175.7M150xas long as short