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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0088%/8h= −9.6% APRnext payment $0.11 per $10,000 · paid last 24h −0.017%
Price spread now: 01 Exchange against Extended+0.070%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.195% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.071%−$7 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.070%, 7d avg +0.044%
Together, before fees−0.118%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. 01 Exchange is 0.026% dearer against Extended than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,742.90.0104pay 0.0013% / 1h58m 12s$30.4M$68.6M50x
Short01 Exchange ETHUSD2,744.80.0016get 0.0002% / 1h58m 12s$179K$943K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Extended. 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
−$18.48
Price spread: +0.070% → +0.044%
$2.59
Slippage, 4 orders
−$7.5
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$35.39
Costs to cover
0.195%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; 01 Exchange: live order book, 36 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 Extended live order book, 6 min ago0.18 bp2.7 bp −$32.7 bp −$274.2 bp −$42012.4 bp −$6,193
Sell 01 Exchange live order book, 36 min ago0.18 bp6.2 bp −$611.1 bp −$111doesn'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
Hotstuff ETH-PERP−0.0080%1h2,748.4+0.201%$5K$1K50xas long as short
Bybit ETHUSDT−0.0039%8h2,742.4−0.019%$2.35B$4.15B150xas long as short
Hibachi ETH/USDT-P−0.0024%1h2,750+0.258%$236K$1.3M20xas long as short
Phoenix ETH−0.0012%1h2,751.4+0.310%$814K$2.8M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.9+0.218%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,743.9+0.039%$11.1M$41.4M50xas long as short
Kalshi KXETHPERP0.0000%8h2,744.4+0.055%$6.7M$664.3M4.9xas long as short
Perpl ETH0.0000%43m2,744.8+0.071%$271K$5.2M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,745+0.077%$266.4M$209.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,749.8+0.251%$33.2M200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSDshort+0.0016%1h2,744.8+0.070%$179K$943K50x
Gate ETH_USDT+0.0037%8h2,743.7+0.031%$3.27B$7.65B200xas long as short
Phemex ETHUSDT+0.0057%8h2,743+0.005%$263.9M$59.4M150xas long as short
OKX ETH-USDT-SWAP+0.0069%8h2,742.3−0.022%$1.66B$10.17B100xas long as short
ApeX Omni ETHUSDT+0.0070%1h2,749.5+0.241%$8.3M$30.3M100xas long as short
Aster ETHUSDT+0.0071%8h2,743.4+0.018%$252.8M$796.7M200xas long as short
HTX ETH-USDT+0.0073%8h2,742.5−0.013%$1.05B$1.16B200xas long as short
SoDEX ETH-USD+0.0079%1h2,742.9+0.001%$54.6M$160.0M40xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,743.7+0.029%$82.4M$290.8M100xas long as short
Aevo ETH-PERP+0.0080%1h2,741.5−0.049%$4.9M$200K20xas long as short
MEXC ETH_USDT+0.0081%8h2,744.2+0.047%$1.58B$2.46B500xas long as short
Binance ETHUSDT+0.0081%8h2,743+0.006%$6.40B$15.42B150xas long as short
KuCoin ETHUSDTM+0.0089%8h2,743.8+0.034%$367.6M$481.9M100xas long as short
Lighter ETH+0.0096%1h2,744+0.040%$113.3M$378.8M50xas long as short
Lighter RH ETH+0.0096%1h2,744.3+0.053%$24.8M$91.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,745.6+0.097%$24.6M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,744.4+0.055%$509K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749+0.222%$15.7M$6.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.2+0.047%$14.6M$100.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,746.2+0.121%$3.13B$1.94B25xas long as short
Pacifica ETH+0.0100%1h2,744.8+0.069%$32.1M$326.2M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.1+0.044%$2.8M$15.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,745+0.079%$1.5M$15.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,751.4+0.309%$166.7M$340.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,743.8+0.033%$2.11B$2.55B150xas long as short
BingX ETH-USDC+0.0100%8h2,742.7−0.006%$18.5Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,745.3+0.090%$14.9M$37.7M50xas long as short
Variational Omni ETH+0.0100%8h2,746.4+0.129%$131.8M$307.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,749+0.223%$186.3M$695.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.1+0.228%$159.8M$73.6M50xas long as short
StandX ETH-USD+0.0100%1h2,748.2+0.194%$21.1M$72.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,746.4+0.126%$409K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.4+0.092%$11.3M$9.0M50xas long as short
Bullet ETH-USD+0.0100%1h2,744.1+0.044%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.3+0.051%$20K$15K25xas long as short
SunX ETH-USDT+0.0100%8h2,742.7−0.007%$947K$9.9M100xas long as short
Extended ETH-USDlong+0.0104%1h2,742.9long leg$30.4M$68.6M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,743.6+0.028%$45.5M$4.09B50xas long as short
Aftermath Perps ETHUSD+0.0108%1h2,748.8+0.215%$30K$12K20xas long as short
Reya ETHRUSDPERP+0.0167%1h2,745+0.076%$7.3M$880K25xas long as short
RISEx ETH/USDC+0.0167%1h2,745.2+0.086%$5.6M$11.2M25xas long as short
Orderly PERP_ETH_USDC+0.0181%8h2,746.3+0.125%$32.4M$10.4M100xas long as short
BloFin ETH-USDT+0.0301%8h2,745+0.078%$281.8M$166.0M150xas long as short
Injective ETH/USDC PERP+0.0308%1h2,752.8+0.362%$122K$19.9M52xas long as short