Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0124%/8h= +13.5% APRpaid last 24h +0.011%

Price spread now: RISEx against Gate+0.056%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.056%, 7d avg +0.010%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.046% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ETH_USDT	2,747	0.0082	pay 0.0082% / 8h	5h 52m	$3.27B	$7.69B	200x
Short	RISEx ETH/USDC	2,748.6	0.0206	get 0.0026% / 1h	52m 59s	$5.7M	$10.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee RISExbpOrdersPrice spread, now +0.056%Rate

Funding earned: $25.97
Price spread: +0.056% → +0.010%: $4.58
Slippage, 4 orders: −$0.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.23
Costs to cover: 0.213%
Break-even: 4.5 days

Slippage from Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	0.02 bp	7.5 bp −$8	8.0 bp −$80	11.5 bp −$1,151	20.0 bp −$9,976
Sell RISEx live order book, 4 min ago	0.02 bp	3.0 bp −$3	4.0 bp −$40	doesn't fit	doesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi ETH/USDT-P	−0.0120%	1h	2,748.2	+0.043%	$235K	$1.2M	20x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,749.4	+0.087%	$5K	$1K	50x	as long as short
ApeX Omni ETHUSDT	−0.0045%	1h	2,748.4	+0.050%	$8.3M	$25.3M	100x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,747.5	+0.019%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,750	+0.109%	$809K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,748.2	+0.043%	$7.2M	$661.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,748	+0.034%	$269K	$5.0M	8.3x	as long as short
Bybit ETHUSDT	+0.0005%	8h	2,746.8	−0.008%	$2.37B	$3.82B	150x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,747.4	+0.014%	$33.2M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0068%	8h	2,746.7	−0.013%	$1.67B	$9.24B	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ETHUSD	+0.0072%	1h	2,748	+0.036%	$182K	$929K	50x	as long as short
Gate ETH_USDTlong	+0.0082%	8h	2,747	long leg	$3.27B	$7.69B	200x
Aster ETHUSDT	+0.0084%	8h	2,747.2	+0.007%	$257.9M	$720.8M	200x	as long as short
KuCoin ETHUSDTM	+0.0088%	8h	2,747.6	+0.020%	$365.2M	$441.2M	100x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,745.1	−0.069%	$4.9M	$214K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,746.2	−0.028%	$1.60B	$2.34B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,747.1	+0.004%	$6.41B	$14.02B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,747.9	+0.031%	$113.9M	$383.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,749.1	+0.074%	$23.7M	$94.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,747.7	+0.027%	—	$23.6M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0096%	1h	2,748.8	+0.064%	$46.2M	$3.90B	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,746.9	−0.004%	$506K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,747.5	+0.019%	$14.6M	$95.9M	50x	as long as short
Pacifica ETH	+0.0100%	1h	2,748.9	+0.069%	$32.4M	$325.1M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,747.8	+0.029%	$2.8M	$14.2M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,748.4	+0.050%	$1.5M	$14.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,749.3	+0.082%	$164.5M	$330.2M	25x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,746.5	−0.017%	$2.11B	$2.30B	150x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,746.4	−0.022%	—	$18.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,746.7	−0.011%	$14.9M	$36.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,747.8	+0.030%	$132.6M	$290.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,748.3	+0.047%	$185.2M	$607.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,749.4	+0.086%	$159.9M	$69.4M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,748.5	+0.054%	$21.1M	$75.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,749.1	+0.076%	—	$348K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,748.9	+0.069%	$11.3M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,747.6	+0.023%	$177K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,747.9	+0.032%	$20K	$14K	25x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748	+0.034%	$947K	$8.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,747.7	+0.025%	$61.9M	$121.8M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,747.4	+0.013%	$1.05B	$1.05B	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,747.5	+0.016%	$264.0M	$56.4M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,745.6	−0.052%	$30.5M	$65.1M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0105%	1h	2,748	+0.037%	$82.5M	$273.6M	100x	as long as short
Aftermath Perps ETHUSD	+0.0107%	1h	2,748.6	+0.057%	$30K	$8K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0121%	1h	2,748.8	+0.065%	$266.8M	$185.2M	50x	as long as short
Reya ETHRUSDPERP	+0.0156%	1h	2,746.6	−0.014%	$7.3M	$832K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0174%	8h	2,749.9	+0.105%	$32.4M	$9.9M	100x	as long as short
dYdX ETH-USD	+0.0204%	1h	2,747.8	+0.029%	$15.2M	$42.7M	50x	as long as short
RISEx ETH/USDCshort	+0.0206%	1h	2,748.6	+0.056%	$5.7M	$10.6M	25x
Hyperliquid ETH	+0.0250%	1h	2,750.3	+0.120%	$3.16B	$1.73B	25x	as long as short
BloFin ETH-USDT	+0.0360%	8h	2,747.7	+0.026%	$283.3M	$149.7M	150x	as long as short
Injective ETH/USDC PERP	+0.0461%	1h	2,751.5	+0.163%	$118K	$21.7M	52x	as long as short
Paradex ETH-USD-PERP	+0.0538%	8h	2,752.3	+0.192%	$16.0M	$6.2M	50x	as long as short