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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.035%
Price spread now: ApeX Omni against Hotstuff+0.049%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.049% dearer against Hotstuff than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ETH-PERP2,771−0.0080get 0.0010% / 1h27m 05s$5K$2K50x
ShortApeX Omni ETHUSDT2,772.4−0.0032pay 0.0004% / 1h27m 05s$8.8M$32.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hotstuff. 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
$10.11
Price spread: +0.049% → 0.000%
$4.91
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$0.02
Costs to cover
0.150%
Break-even
7.0 days
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 2 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 Hotstuff no order-book sample
Sell ApeX Omni live order book, 2 min ago0.23 bp5.7 bp −$66.9 bp −$6921.4 bp −$2,13773.2 bp −$36.6K
Hotstuff: 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%43m2,770.2−0.030%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770−0.035%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.393%$119K$22.5M52xas long as short
Hotstuff ETH-PERPlong−0.0080%1h2,771long leg$5K$2K50x
ApeX Omni ETHUSDTshort−0.0032%1h2,772.4+0.049%$8.8M$32.9M100x
01 Exchange ETHUSD−0.0008%1h2,770.5−0.018%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,769.9−0.039%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,773.6+0.094%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772+0.035%$22.4M200xas long as short
Aftermath Perps ETHUSD+0.0015%1h2,774.4+0.123%$29K$22K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0016%8h2,771.7+0.023%$17.4Mas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,772.1+0.039%$1.70B$11.87B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.6+0.022%$12.9M200xas long as short
Aster ETHUSDT+0.0032%8h2,772.8+0.063%$256.4M$1.00B200xas long as short
Phemex ETHUSDT+0.0035%8h2,772.4+0.052%$270.3M$69.0M150xas long as short
SoDEX ETH-USD+0.0036%1h2,770.7−0.011%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0049%1h2,770.3−0.025%$183K$1.7M20xas long as short
MEXC ETH_USDT+0.0060%8h2,772.2+0.042%$1.60B$2.65B500xas long as short
Binance ETHUSDT+0.0060%8h2,772.4+0.051%$6.46B$17.30B150xas long as short
Aevo ETH-PERP+0.0064%1h2,768.4−0.093%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0064%1h2,772.3+0.048%$259.0M$222.4M50xas long as short
Bitget ETHUSDT+0.0066%8h2,772+0.037%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0071%8h2,772.5+0.055%$3.29B$9.65B200xas long as short
KuCoin ETHUSDTM+0.0084%8h2,772+0.035%$420.7M$739.6M100xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772.5+0.053%$60.0M$4.59B50xas long as short
Bybit ETHUSDT+0.0090%8h2,772.5+0.056%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0094%1h2,770.8−0.007%$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,771.5+0.018%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,772.8+0.063%$115.2M$499.4M50xas long as short
Lighter RH ETH+0.0096%1h2,773.1+0.077%$25.3M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,771.4+0.014%$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.5−0.054%$15.9M$10.2M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.4−0.022%$477K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,769.7−0.045%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.6+0.130%$3.19B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,770.3−0.025%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.1−0.069%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.8−0.007%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.069%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,772.6+0.056%$15.1M$44.4M50xas long as short
Variational Omni ETH+0.0100%8h2,773.3+0.082%$147.8M$336.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.042%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,774.1+0.113%$161.3M$89.3M50xas long as short
StandX ETH-USD+0.0100%1h2,772.8+0.065%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.4−0.022%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.017%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.4+0.087%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.7−0.013%$972K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,771.4+0.013%$32.5M$78.0M50xas long as short
Kalshi KXETHPERP+0.0115%8h2,771.8+0.029%$8.3M$685.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,772+0.036%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,774.1+0.112%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,770.9−0.004%$287.2M$194.1M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,770.1−0.031%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0240%1h2,773.8+0.101%$252K$1.6M20xas long as short