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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.008%
Price spread now: RISEx against Ondo Perps+0.020%7-day average +0.025% · 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 4 days (all we have)+0.006%+$1 on $10k
Price spread, last 7 days+0.172%+$17 · spread now +0.020%, 7d avg +0.025%
Together, before fees+0.178%+ Points / potential airdropOndo Perps: Active · farm board+$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ETH-USD.P2,729.40.0100pay 0.0013% / 1h18m 27s$2.7M$16.7M25x
ShortRISEx ETH/USDC2,7300.0107get 0.0013% / 1h18m 27s$5.6M$11.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Ondo Perps. 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
$1.44
Price spread: +0.020% → +0.025%
−$0.42
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$9.98
Costs to cover
0.110%
Break-even
55.5 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 1 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 Ondo Perps no order-book sample
Sell RISEx live order book, 1 min ago0.02 bp4.2 bp −$45.4 bp −$54doesn't fitdoesn't fit
Ondo Perps: 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−0.0335%43m2,729.6+0.009%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,731+0.059%$5K$1K50xas long as short
HTX ETH-USDT−0.0015%8h2,729.5+0.004%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,730.2+0.030%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,731.7+0.084%$817K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,731.1+0.062%$6.4M$685.0M4.9xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,731.1+0.060%$28.0M200xas long as short
dYdX ETH-USD+0.0007%1h2,731+0.059%$10.7M$42.1M50xas long as short
Bullet ETH-USD+0.0026%1h2,730.5+0.039%$178K$1.7M20xas long as short
BingX ETH-USDC+0.0030%8h2,729.1−0.010%$18.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0034%8h2,729.6+0.008%$2.36B$4.38B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,730.2+0.029%$187K$814K50xas long as short
KuCoin ETHUSDTM+0.0065%8h2,730.4+0.037%$377.3M$574.8M100xas long as short
SunX ETH-USDT+0.0066%8h2,729−0.014%$957K$11.2M100xas long as short
Deribit ETH-PERPETUAL+0.0072%1h2,731.9+0.090%$258.6M$201.6M50xas long as short
OKX ETH-USDT-SWAP+0.0075%8h2,730.2+0.029%$1.67B$10.75B100xas long as short
Aevo ETH-PERP+0.0080%1h2,727.7−0.062%$4.9M$155K20xas long as short
Aster ETHUSDT+0.0080%8h2,729.6+0.006%$250.7M$840.1M200xas long as short
SoDEX ETH-USD+0.0083%1h2,730.6+0.044%$54.4M$187.8M40xas long as short
Phemex ETHUSDT+0.0085%8h2,731+0.059%$264.7M$64.9M150xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,730.9+0.056%$8.6M$31.1M100xas long as short
MEXC ETH_USDT+0.0087%8h2,730.5+0.040%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0088%8h2,729.5+0.002%$6.33B$15.95B150xas long as short
Lighter ETH+0.0096%1h2,730.1+0.024%$112.3M$434.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.2+0.066%$23.4M$104.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,731.8+0.089%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,731.2+0.066%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.5+0.004%$500K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,730.4+0.037%$15.5M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.6+0.005%$13.9M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,732.3+0.106%$3.09B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,730.6+0.044%$31.9M$334.6M50xas long as short
Ondo Perps ETH-USD.Plong+0.0100%1h2,729.4long leg$2.7M$16.7M25x
Arcus ETH-USD+0.0100%1h2,730.1+0.026%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2−0.043%$169.5M$307.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,729.40.000%$3.33B$8.93B200xas long as short
Bitget ETHUSDT+0.0100%8h2,730.4+0.038%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,730.7+0.048%$14.9M$41.3M50xas long as short
Variational Omni ETH+0.0100%8h2,730.3+0.035%$134.3M$322.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,729−0.014%$183.6M$672.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,731.4+0.075%$158.9M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,730.4+0.037%$21.0M$69.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.1+0.063%$845K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,732.3+0.106%$11.2M$9.4M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.7+0.047%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,732.2+0.101%$41.0M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,728.4−0.036%$30.5M$73.4M50xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,731.4+0.072%$30K$20K20xas long as short
RISEx ETH/USDCshort+0.0107%1h2,730+0.020%$5.6M$11.8M25x
Coinbase International ETH-PERP-INTX+0.0120%1h2,732.4+0.111%$50.6M$4.28B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,731.8+0.088%$83.6M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0192%8h2,732.6+0.116%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0209%1h2,729.6+0.008%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,731.2+0.068%$246K$1.4M20xas long as short
BloFin ETH-USDT+0.0350%8h2,730.6+0.044%$283.0M$174.8M150xas long as short