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 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.010%
Price spread now: Extended against SoDEX−0.016%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.137% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.016%, 7d avg −0.022%
Together, before fees+0.060%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,770.50.0065pay 0.0008% / 1h7m 43s$55.2M$229.0M40x
ShortExtended ETH-USD2,770.10.0104get 0.0013% / 1h7m 43s$32.6M$77.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$8.27
Price spread: −0.016% → −0.022%
$0.57
Slippage, 4 orders
−$0.72
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$4.88
Costs to cover
0.137%
Break-even
11.1 days
Slippage from SoDEX: live order book, 1 min ago; Extended: 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, 1 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$55031.9 bp −$15.9K
Sell Extended live order book, 1 min ago0.18 bp2.7 bp −$32.7 bp −$274.2 bp −$41710.5 bp −$5,273

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%43m2,773.7+0.114%$287K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,771.8+0.049%$5.7M$11.8M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.5+0.144%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,779.6+0.328%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.4+0.069%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0002%1h2,773.8+0.120%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,771.8+0.046%$12.7M$45.7M50xas long as short
Phoenix ETH0.0000%1h2,773.5+0.108%$885K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.7+0.044%$22.4M200xas long as short
BingX ETH-USDT+0.0015%8h2,770.9+0.013%$1.20Bas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0017%8h2,770.7+0.007%$1.70B$11.84B100xas long as short
Phemex ETHUSDT+0.0024%8h2,771+0.017%$269.8M$68.9M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0027% / S +0.0009%1h2,771.7+0.043%$12.9M200xas long as short
Bullet ETH-USD+0.0027%1h2,770.9+0.016%$181K$1.7M20xas long as short
Deribit ETH-PERPETUAL+0.0031%1h2,772+0.056%$258.5M$222.2M50xas long as short
Aster ETHUSDT+0.0031%8h2,770.8+0.011%$255.4M$995.0M200xas long as short
Nado ETH-PERP+0.0057%1h2,772+0.054%$14.2M$118.1M50xas long as short
Binance ETHUSDT+0.0060%8h2,770.3−0.008%$6.43B$17.22B150xas long as short
MEXC ETH_USDT+0.0060%8h2,770.6+0.004%$1.61B$2.68B500xas long as short
ApeX Omni ETHUSDT+0.0062%1h2,772.2+0.060%$8.7M$32.6M100xas long as short
Aevo ETH-PERP+0.0064%1h2,768.3−0.080%$5.0M$636K20xas long as short
SoDEX ETH-USDlong+0.0065%1h2,770.5long leg$55.2M$229.0M40x
Bitget ETHUSDT+0.0067%8h2,770.3−0.009%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0072%8h2,770.9+0.014%$3.29B$9.67B200xas long as short
HTX ETH-USDT+0.0089%8h2,771.3+0.028%$1.08B$1.32B200xas long as short
Bybit ETHUSDT+0.0092%8h2,770.4−0.005%$2.51B$4.62B150xas long as short
KuCoin ETHUSDTM+0.0095%8h2,770.6+0.002%$421.0M$739.0M100xas long as short
Lighter ETH+0.0096%1h2,770.6+0.004%$114.9M$503.0M50xas long as short
Lighter RH ETH+0.0096%1h2,772.2+0.061%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.9+0.086%$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,773.6+0.110%$15.9M$10.5M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,772.7+0.079%$477K$2.7M50xas long as short
Vest ETH-PERP+0.0100%1h2,772.1+0.059%$1.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,773.1+0.094%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,774.4+0.139%$31.2M$303.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.5+0.072%$2.8M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,774+0.127%$2.7M$17.6M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.012%$166.1M$253.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.009%$15.1M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,770.9+0.013%$144.7M$334.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,771.1+0.021%$181.4M$779.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.5+0.072%$161.3M$91.1M50xas long as short
StandX ETH-USD+0.0100%1h2,773.5+0.108%$21.4M$58.2M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.4+0.069%$10.8M$7.6M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.5+0.035%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.1+0.093%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.7+0.009%$970K$14.0M100xas long as short
Extended ETH-USDshort+0.0104%1h2,770.1−0.016%$32.6M$77.6M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,771.6+0.039%$59.7M$4.59B50xas long as short
Kalshi KXETHPERP+0.0125%8h2,774.6+0.148%$8.4M$681.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0136%8h2,773.4+0.103%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.3+0.029%$85.9M$332.1M100xas long as short
BloFin ETH-USDT+0.0180%8h2,773.3+0.102%$284.7M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0194%1h2,770.6+0.005%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,774.9+0.158%$270K$1.5M20xas long as short