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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.020%
Price spread now: Bullet against GMX+0.001%7-day average −0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.001%, 7d avg −0.036%
Together, before fees−0.107%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bullet is 0.037% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,769.1L +0.0026% / S +0.0009%pay 0.0003% / 1h21m 18s$12.8M—200x
ShortBullet ETH-USD2,769.20.0045get 0.0006% / 1h21m 18s$182K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against GMX. 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
$3.93
Price spread: +0.001% → −0.036%
$3.69
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$12.38
Costs to cover
0.200%
Break-even
29.1 days
Slippage unknown: GMX: no order-book sample; Bullet: live order book, 3 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 GMX no order-book sample—————
Sell Bullet live order book, 3 min ago0.18 bp4.8 bp −$58.6 bp −$86doesn't fitdoesn't fit
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 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
Perpl ETH−0.0223%43m2,770.1+0.036%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,769.6+0.016%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.254%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.4+0.010%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0043%1h2,766.6−0.093%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.7+0.057%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.9+0.029%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,769.9+0.028%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.8−0.011%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,767.6−0.056%$1.70B$11.87B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,771.4+0.081%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]longL +0.0026% / S +0.0009%1h2,769.1long leg$12.8M—200x
Aster ETHUSDT+0.0030%8h2,770.1+0.035%$255.7M$1.00B200xas long as short
Phemex ETHUSDT+0.0036%8h2,768.6−0.019%$270.0M$68.9M150xas long as short
SoDEX ETH-USD+0.0036%1h2,767.7−0.052%$55.1M$229.1M40xas long as short
Bullet ETH-USDshort+0.0045%1h2,769.2+0.001%$182K$1.7M20x
Aevo ETH-PERP+0.0056%1h2,765.5−0.130%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0057%8h2,769.3+0.005%$1.61B$2.66B500xas long as short
Binance ETHUSDT+0.0058%8h2,769.10.000%$6.45B$17.31B150xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,769.3+0.005%$259.0M$222.5M50xas long as short
Bitget ETHUSDT+0.0066%8h2,767.7−0.050%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,769.2+0.003%$3.28B$9.67B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,770.1+0.036%$420.9M$739.6M100xas long as short
Bybit ETHUSDT+0.0088%8h2,767.9−0.046%$2.50B$4.63B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,769.7+0.019%$60.1M$4.59B50xas long as short
BingX ETH-USDT+0.0089%8h2,768.1−0.037%—$1.23B—as long as short
Vest ETH-PERP+0.0094%1h2,770.1+0.036%—$1.1M50xas long as short
HTX ETH-USDT+0.0095%8h2,768.4−0.025%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.9+0.026%$115.1M$499.9M50xas long as short
Lighter RH ETH+0.0096%1h2,771.5+0.084%$25.3M$121.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.7+0.092%—$43.4M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,768.8−0.011%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769.4+0.010%$476K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.1−0.002%$14.3M$118.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.7+0.093%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,770.1+0.034%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.5+0.013%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.5+0.048%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.136%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3+0.076%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,769−0.006%$147.5M$336.1M—as long as short
edgeX ETHUSDC+0.0100%4h2,766.1−0.109%$181.6M$784.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.9−0.044%$161.0M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,767.1−0.073%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.024%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,768.7−0.016%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,768.6−0.019%$970K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,770.2+0.037%$42.6M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,767.2−0.071%$32.5M$78.2M50xas long as short
Kalshi KXETHPERP+0.0113%8h2,770.9+0.064%$8.3M$687.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,769.1−0.001%$88.7M$336.9M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,770.4+0.045%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,768.5−0.022%$286.6M$194.5M150xas long as short
Reya ETHRUSDPERP+0.0203%1h2,769−0.005%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0224%1h2,772.9+0.134%$251K$1.6M20xas long as short