data as of
Settings8H · net · $10k
Funding arb /

ETH

all ETH markets
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Funding spread now, next payment 17:00 UTC+0.0014%/8h
next payment, per $10,000+$0.02paid, last 24h−0.004%paid, last 3 days−0.086%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,747.5L +0.0018% / S +0.0013%pay 0.0002% / 1h55m 11s$11.8M200x
ShortApeX Omni ETHUSDT2,753.60.0032get 0.0004% / 1h55m 11s$7.7M$27.8M100x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$2.98
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$19.02
Break-even
51.7 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, just now. Net counts fees only.

Price risk

price view
Price gap now
+0.222%
Avg gap 7d
−0.037%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, just now1.58 bp6.6 bp −$76.6 bp −$6624.5 bp −$2,45077.9 bp −$39.0K
GMX: 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 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl ETH−0.0447%43m$454K$6.1M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.0062%1h$55.4M$161.8M40xas long as short
Injective ETH/USDC PERP−0.0054%1h$119K$22.5M52xas long as short
HTX ETH-USDT−0.0043%8h$1.09B$1.21B200xas long as short
SunX ETH-USDT−0.0022%8h$947K$14.8M100xas long as short
dYdX ETH-USD0.0000%1h$16.2M$33.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h$22.2M200xas long as short
OKX ETH-USDT-SWAP+0.0011%8h$1.71B$11.25B100xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0018% / S +0.0013%1h$11.8M200x
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni ETHUSDTshort+0.0032%1h$7.7M$27.8M100x
Phoenix ETH+0.0035%1h$1.4M$2.4M25xas long as short
01 Exchange ETHUSD+0.0040%1h$179K$1.2M50xas long as short
Bitget ETHUSDT+0.0069%8h$2.09B$3.20B150xas long as short
Bulk ETH-USD+0.0078%1h$156.0M$273.3M25xas long as short
Hibachi ETH/USDT-P+0.0080%1h$290K$1.3M20xas long as short
Binance ETHUSDT+0.0087%8h$6.56B$15.81B150xas long as short
MEXC ETH_USDT+0.0087%8h$1.51B$2.39B500xas long as short
Aevo ETH-PERP+0.0088%1h$5.0M$732K20xas long as short
Deribit ETH-PERPETUAL+0.0092%1h$259.7M$216.7M50xas long as short
Lighter ETH+0.0096%1h$117.9M$487.9M50xas long as short
Lighter RH ETH+0.0096%1h$25.6M$115.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h$44.9M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h$14.8M$11.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h$470K$2.1M50xas long as short
Nado ETH-PERP+0.0100%1h$18.0M$113.9M50xas long as short
Aster ETHUSDT+0.0100%8h$269.1M$863.7M200xas long as short
Pacifica ETH+0.0100%1h$30.9M$215.3M50xas long as short
Bybit ETHUSDT+0.0100%8h$2.50B$4.47B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h$3.0M$14.4M25xas long as short
Arcus ETH-USD+0.0100%1h$2.7M$16.1M25xas long as short
Gate ETH_USDT+0.0100%8h$3.36B$8.53B200xas long as short
KuCoin ETHUSDTM+0.0100%8h$405.6M$680.5M100xas long as short
BingX ETH-USDC+0.0100%8h$16.9Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h$15.1M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h$150.7M$304.2Mas long as short
edgeX ETHUSDC+0.0100%4h$177.6M$751.0M100xas long as short
StandX ETH-USD+0.0100%1h$21.1M$51.3M40xas long as short
Vest ETH-PERP+0.0100%1h$1.2M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h$10.7M$5.5M50xas long as short
Bullet ETH-USD+0.0100%1h$196K$1.9M20xas long as short
Bluefin ETH-PERP+0.0100%1h$21K$26K25xas long as short
Phemex ETHUSDT+0.0100%8h$265.1M$67.0M150xas long as short
Extended ETH-USD+0.0104%1h$32.6M$75.7M50xas long as short
Kalshi KXETHPERP+0.0106%8h$9.1M$549.5M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h$60.3M$4.78B50xas long as short
RISEx ETH/USDC+0.0122%1h$5.8M$13.4M25xas long as short
Reya ETHRUSDPERP+0.0165%1h$7.3M$975K25xas long as short
Orderly PERP_ETH_USDC+0.0198%8h$32.3M$10.8M100xas long as short
Derive ETH-PERP+0.0206%1h$42.7M$27.9M15xas long as short
BloFin ETH-USDT+0.0207%8h$290.7M$180.1M150xas long as short
Kraken Futures PF_ETHUSD+0.0263%1h$86.5M$316.7M100xas long as short
Aftermath Perps ETHUSD+0.0315%1h$29K$27K20xas long as short
Hyperliquid ETH+0.0603%1h$3.30B$2.23B25xas long as short