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 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.008%
Price spread now: SoDEX against OKX+0.043%7-day average −0.002% · 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−$14as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on OKXShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.165%−$16 · spread now +0.043%, 7d avg −0.002%
Together, before fees−0.146%−$15 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 SoDEX is 0.045% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,740.90.0064pay 0.0064% / 8h5h 28m$1.70B$10.56B100x
ShortSoDEX ETH-USD2,742.10.0100get 0.0013% / 1h28m 59s$54.6M$187.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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
$7.49
Price spread: +0.043% → −0.002%
$4.51
Slippage, 4 orders
−$0.4
Fee OKX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$6.41
Costs to cover
0.184%
Break-even
13.0 days
Slippage from OKX: live order book, 5 min ago; SoDEX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.02 bp5.0 bp −$55.0 bp −$505.6 bp −$5627.9 bp −$3,944
Sell SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$55432.1 bp −$16.1K

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
Hotstuff ETH-PERP−0.0080%1h2,744.7+0.138%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1+0.080%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,743.9+0.108%$12.0M—200xas long as short
dYdX ETH-USD0.0000%1h2,745.2+0.158%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,744+0.113%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0008%1h2,743.9+0.111%$24.6M—200xas long as short
Phoenix ETH+0.0017%1h2,745.3+0.160%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,744.5+0.131%$182K$876K50xas long as short
ApeX Omni ETHUSDT+0.0045%1h2,746.4+0.198%$8.9M$30.9M100xas long as short
BingX ETH-USDT+0.0052%8h2,741.4+0.017%—$1.15B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAPlong+0.0064%8h2,740.9long leg$1.70B$10.56B100x
KuCoin ETHUSDTM+0.0066%8h2,741.9+0.036%$382.1M$578.3M100xas long as short
RISEx ETH/USDC+0.0077%1h2,744.5+0.131%$5.7M$11.2M25xas long as short
Bullet ETH-USD+0.0081%1h2,743.6+0.098%$182K$1.7M20xas long as short
Aster ETHUSDT+0.0086%8h2,742.2+0.047%$252.6M$841.3M200xas long as short
MEXC ETH_USDT+0.0092%8h2,741.1+0.007%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0094%8h2,741.2+0.011%$6.37B$15.69B150xas long as short
Lighter ETH+0.0096%1h2,742.6+0.061%$112.7M$433.9M50xas long as short
Lighter RH ETH+0.0096%1h2,743.9+0.107%$24.6M$103.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.2+0.121%—$30.7M500xas long as short
Aevo ETH-PERP+0.0096%1h2,740.3−0.024%$4.9M$155K20xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,743.1+0.080%$58.6M$4.27B50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,749+0.296%$16.0M$7.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744+0.113%$469K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.1+0.115%$13.9M$105.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.1+0.116%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,744.9+0.146%$31.6M$334.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,740.8−0.003%$2.45B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,743.2+0.084%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,744.6+0.135%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5+0.022%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.4+0.019%$3.39B$8.73B200xas long as short
Bitget ETHUSDT+0.0100%8h2,741.5+0.022%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,741.4+0.019%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,745.6+0.172%$132.9M$330.9M—as long as short
edgeX ETHUSDC+0.0100%4h2,743.5+0.095%$182.3M$691.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,746.2+0.192%$159.7M$84.1M50xas long as short
StandX ETH-USD+0.0100%1h2,745.6+0.171%$21.2M$67.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.3+0.159%—$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.2+0.157%$11.0M$8.8M50xas long as short
Derive ETH-PERP+0.0100%1h2,744.3+0.124%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,742.9+0.074%$962K$11.5M100xas long as short
SoDEX ETH-USDshort+0.0100%1h2,742.1+0.043%$54.6M$187.5M40x
HTX ETH-USDT+0.0100%8h2,743.4+0.091%$1.06B$1.18B200xas long as short
Phemex ETHUSDT+0.0100%8h2,742.8+0.069%$266.7M$64.9M150xas long as short
Extended ETH-USD+0.0104%1h2,740.6−0.011%$30.6M$72.3M50xas long as short
Aftermath Perps ETHUSD+0.0128%1h2,744.2+0.120%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,744.7+0.138%$7.4M$670.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0191%8h2,745.5+0.167%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,743+0.076%$86.9M$310.0M100xas long as short
Reya ETHRUSDPERP+0.0227%1h2,743.7+0.101%$7.3M$1.1M25xas long as short
Deribit ETH-PERPETUAL+0.0235%1h2,743.9+0.108%$259.7M$197.7M50xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,746.4+0.199%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0368%8h2,742.4+0.054%$284.4M$181.8M150xas long as short
Bluefin ETH-PERP+0.0430%1h2,771.2+1.107%$21K$20K25xas long as short