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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.029%
Price spread now: Vest against GMX+0.032%7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.032%, 7d avg −0.007%
Together, before fees−0.080%+ Points / potential airdropVest: Active · farm board−$8 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 Vest is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ETH/USD [ETH-USDC]2,726.5L −0.0010% / S +0.0043%get 0.0001% / 1h17m 04s$11.9M200x
ShortVest ETH-PERP2,727.40.0100get 0.0013% / 1h17m 04s$445K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$23.05
Price spread: +0.032% → −0.007%
$3.92
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
$12.97
Costs to cover
0.140%
Break-even
3.1 days
Slippage unknown: GMX: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample
GMX and Vest: 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−0.0447%43m2,726−0.018%$276K$5.7M8.3xas long as short
BloFin ETH-USDT−0.0179%8h2,726.3−0.007%$281.2M$177.6M150xas long as short
Hotstuff ETH-PERP−0.0080%1h2,725.8−0.026%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,727+0.018%$809K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]longL −0.0010% / S +0.0043%1h2,726.5long leg$11.9M200x
dYdX ETH-USD0.0000%1h2,726.4−0.004%$10.5M$41.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.9+0.014%$6.7M$677.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,727+0.018%$263.6M$214.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,726.7+0.005%$32.9M200xas long as short
BingX ETH-USDT+0.0016%8h2,726.3−0.007%$1.08Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0020%8h2,725.9−0.022%$2.32B$4.34B150xas long as short
HTX ETH-USDT+0.0031%8h2,726.2−0.011%$1.05B$1.22B200xas long as short
01 Exchange ETHUSD+0.0032%1h2,726.6+0.003%$190K$884K50xas long as short
Injective ETH/USDC PERP+0.0050%1h2,730.9+0.161%$117K$21.8M52xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,727.1+0.020%$242K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0060%1h2,727+0.017%$81.9M$310.8M100xas long as short
ApeX Omni ETHUSDT+0.0068%1h2,726.3−0.008%$8.5M$31.4M100xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,725.9−0.021%$1.65B$10.79B100xas long as short
KuCoin ETHUSDTM+0.0074%8h2,726.7+0.006%$382.6M$576.9M100xas long as short
Aster ETHUSDT+0.0078%8h2,726.2−0.012%$252.6M$848.7M200xas long as short
MEXC ETH_USDT+0.0088%8h2,726.6+0.001%$1.58B$2.59B500xas long as short
Aevo ETH-PERP+0.0088%1h2,724.1−0.088%$4.9M$172K20xas long as short
Binance ETHUSDT+0.0090%8h2,726.2−0.013%$6.30B$16.11B150xas long as short
Lighter ETH+0.0096%1h2,726.8+0.011%$112.4M$433.2M50xas long as short
Lighter RH ETH+0.0096%1h2,728.2+0.060%$23.4M$102.4M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.8−0.026%$500K$3.6M50xas long as short
Phemex ETHUSDT+0.0100%8h2,726−0.017%$262.6M$64.5M150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.6+0.150%$15.3M$7.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.6−0.035%$14.0M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.077%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.2+0.024%$32.1M$333.3M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,726−0.019%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.3−0.007%$1.6M$16.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.7+0.007%$3.31B$8.94B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.4−0.005%$2.11B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726.2−0.013%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,722.2−0.157%$133.6M$316.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,725.2−0.049%$185.4M$683.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,726.9+0.015%$158.5M$82.0M50xas long as short
StandX ETH-USD+0.0100%1h2,726.4−0.004%$20.9M$70.1M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,727.4+0.032%$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,726.9+0.014%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,726.1−0.015%$182K$1.7M20xas long as short
Derive ETH-PERP+0.0100%1h2,727.6+0.041%$40.8M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,725.5−0.036%$955K$10.8M100xas long as short
SoDEX ETH-USD+0.0100%1h2,726.2−0.011%$54.3M$182.7M40xas long as short
Bulk ETH-USD+0.0100%1h2,726.7+0.008%$161.2M$356.8M25xas long as short
Aftermath Perps ETHUSD+0.0101%1h2,725.6−0.035%$30K$20K20xas long as short
Extended ETH-USD+0.0104%1h2,725.4−0.042%$30.4M$71.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,726.6+0.004%$30.2M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,728.1+0.057%$46.6M$4.27B50xas long as short
RISEx ETH/USDC+0.0114%1h2,726.3−0.009%$5.6M$11.7M25xas long as short
Reya ETHRUSDPERP+0.0179%1h2,724.9−0.059%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0185%8h2,728.5+0.074%$32.2M$11.2M100xas long as short
Bluefin ETH-PERP+0.0364%1h2,726.5−0.001%$20K$23K25xas long as short