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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Arcus against SoDEX+0.006%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$140.145% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.026%+$3 on $10k
Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.006%, 7d avg +0.047%
Together, before fees+0.146%+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.041% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,770.30.0100pay 0.0013% / 1h58m 35s$55.2M$228.6M40x
ShortArcus ETH-USD2,770.50.0100get 0.0013% / 1h58m 35s$2.8M$17.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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
$0
Price spread: +0.006% → +0.047%
−$4.13
Slippage, 4 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$18.63
Costs to cover
0.145%
Break-even
never at this rate
Slippage from SoDEX: live order book, 6 min ago; Arcus: live order book, 1 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 SoDEX live order book, 6 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$54629.0 bp −$14.5K
Sell Arcus live order book, 1 min ago0.27 bp2.9 bp −$33.3 bp −$335.3 bp −$529doesn't fit

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−0.0112%43m2,769.1−0.043%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,768.5−0.066%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768−0.083%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.7−0.058%$169K$1.2M50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,769.5−0.029%$119K$22.5M52xas long as short
Phoenix ETH−0.0023%1h2,770.5+0.007%$884K$3.6M25xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,771+0.025%$29K$22K20xas long as short
Nado ETH-PERP−0.0001%1h2,768.2−0.074%$14.3M$118.9M50xas long as short
dYdX ETH-USD0.0000%1h2,770.4+0.005%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.2+0.032%$22.4M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDT+0.0017%8h2,768.4−0.069%$1.18Bas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,768.2−0.077%$1.71B$11.85B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,771+0.024%$13.2M200xas long as short
Aster ETHUSDT+0.0032%8h2,768.7−0.059%$256.0M$994.5M200xas long as short
ApeX Omni ETHUSDT+0.0034%1h2,770.6+0.011%$8.7M$32.6M100xas long as short
Phemex ETHUSDT+0.0037%8h2,771.3+0.036%$267.0M$66.0M150xas long as short
Lighter ETH+0.0040%1h2,769.1−0.044%$114.6M$493.9M50xas long as short
Aevo ETH-PERP+0.0048%1h2,768.1−0.079%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0052%8h2,768.4−0.067%$1.59B$2.62B500xas long as short
Binance ETHUSDT+0.0052%8h2,768.3−0.071%$6.43B$17.21B150xas long as short
Bullet ETH-USD+0.0059%1h2,770.2−0.004%$183K$1.8M20xas long as short
Bitget ETHUSDT+0.0074%8h2,768.8−0.056%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0076%8h2,768.5−0.064%$3.28B$9.52B200xas long as short
HTX ETH-USDT+0.0095%8h2,770.2−0.004%$1.08B$1.32B200xas long as short
Lighter RH ETH+0.0096%1h2,770.5+0.006%$25.4M$120.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.5−0.028%$41.8M500xas long as short
Variational Omni ETH+0.0099%8h2,770.9+0.021%$140.8M$321.1Mas long as short
Paradex ETH-USD-PERP+0.0100%8h2,768.3−0.073%$15.9M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,769−0.047%$481K$2.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,771+0.025%$3.19B$2.40B25xas long as short
Pacifica ETH+0.0100%1h2,769.2−0.042%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,768.3−0.073%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768.6−0.061%$2.8M$16.7M25xas long as short
Arcus ETH-USDshort+0.0100%1h2,770.5+0.006%$2.8M$17.4M25x
Bulk ETH-USD+0.0100%1h2,771+0.024%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768.6−0.061%$422.0M$742.0M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.4+0.039%$15.2M$43.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.6+0.010%$179.5M$783.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.5+0.042%$161.2M$96.5M50xas long as short
StandX ETH-USD+0.0100%1h2,771+0.025%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.4−0.032%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,770.1−0.007%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771+0.024%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.5+0.078%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.9−0.087%$971K$14.1M100xas long as short
SoDEX ETH-USDlong+0.0100%1h2,770.3long leg$55.2M$228.6M40x
Extended ETH-USD+0.0104%1h2,767.9−0.085%$31.5M$75.4M50xas long as short
Deribit ETH-PERPETUAL+0.0104%1h2,771.8+0.054%$258.4M$225.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.047%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,771.5+0.043%$8.5M$673.6M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,773.1+0.100%$32.5M$12.1M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,770.5+0.009%$86.0M$331.8M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771+0.023%$285.9M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0186%1h2,768.6−0.061%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0472%1h2,771.9+0.057%$279K$1.5M20xas long as short