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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.033%
Price spread now: Reya against SoDEX+0.011%70s7-day average −0.008% · 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)+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.011%, 7d avg −0.008%
Together, before fees+0.083%+ Points / potential airdropReya: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,733.20.0078pay 0.0010% / 1h15m 32s$54.4M$187.2M40x
ShortReya ETHRUSDPERP2,733.50.0189get 0.0024% / 1h15m 32s$7.3M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$23.25
Price spread: +0.011% → −0.008%
$1.85
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$11.1
Costs to cover
0.140%
Break-even
3.7 days
Slippage unknown: SoDEX: live order book, 4 min ago; Reya: no order-book sample. 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 SoDEX live order book, 4 min ago0.18 bp4.2 bp −$44.2 bp −$425.8 bp −$57729.5 bp −$14.8K
Sell Reya no order-book sample
Reya: 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 54 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%1h2,734.2+0.037%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1+0.070%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.1+0.031%$12.0M200xas long as short
Phoenix ETH−0.0006%1h2,735.9+0.099%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.9+0.026%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,734.3+0.040%$6.6M$684.9M4.9xas long as short
Perpl ETH0.0000%43m2,734.1+0.032%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,734.4+0.044%$262.6M$214.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,734.8+0.059%$33.0M200xas long as short
ApeX Omni ETHUSDT+0.0010%1h2,734.8+0.059%$8.6M$31.6M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,733.8+0.022%$191K$891K50xas long as short
HTX ETH-USDT+0.0023%8h2,733.6+0.013%$1.05B$1.22B200xas long as short
BingX ETH-USDC+0.0024%8h2,732.4−0.030%$18.6Mas long as short
Bybit ETHUSDT+0.0030%8h2,732.9−0.010%$2.34B$4.40B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,732.7−0.018%$376.4M$577.8M100xas long as short
SoDEX ETH-USDlong+0.0078%1h2,733.2long leg$54.4M$187.2M40x
OKX ETH-USDT-SWAP+0.0084%8h2,732.8−0.015%$1.65B$10.90B100xas long as short
Aster ETHUSDT+0.0085%8h2,732.9−0.011%$252.9M$848.9M200xas long as short
Phemex ETHUSDT+0.0090%8h2,733.20.000%$263.3M$64.6M150xas long as short
Aftermath Perps ETHUSD+0.0095%1h2,734+0.030%$30K$20K20xas long as short
MEXC ETH_USDT+0.0095%8h2,733−0.007%$1.54B$2.61B500xas long as short
Binance ETHUSDT+0.0096%8h2,733−0.007%$6.34B$16.15B150xas long as short
Lighter ETH+0.0096%1h2,733.8+0.020%$112.8M$437.8M50xas long as short
Lighter RH ETH+0.0096%1h2,734.9+0.063%$23.5M$103.3M50xas long as short
Aevo ETH-PERP+0.0096%1h2,732.3−0.033%$4.9M$159K20xas long as short
Bullet ETH-USD+0.0096%1h2,733.6+0.015%$192K$1.7M20xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.1−0.004%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,737.6+0.160%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,733−0.008%$14.2M$105.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.8+0.095%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,734.1+0.033%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733−0.007%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,733.6+0.015%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2+0.036%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,733.3+0.002%$3.31B$9.03B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.1−0.005%$2.10B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.3+0.004%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,732.7−0.019%$134.1M$322.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,733.9+0.027%$185.9M$684.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.9+0.025%$158.9M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734.4+0.044%$21.0M$70.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,735.3+0.078%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,735.2+0.073%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.3+0.042%$22K$21K25xas long as short
SunX ETH-USDT+0.0100%8h2,733.3+0.003%$958K$11.0M100xas long as short
Extended ETH-USD+0.0104%1h2,731.9−0.047%$30.4M$73.2M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,735+0.064%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,734.9+0.060%$47.9M$4.33B50xas long as short
RISEx ETH/USDC+0.0115%1h2,734+0.031%$5.6M$11.6M25xas long as short
Hibachi ETH/USDT-P+0.0184%1h2,735.4+0.079%$242K$1.4M20xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,735.6+0.088%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERPshort+0.0189%1h2,733.5+0.011%$7.3M$1.1M25x
Kraken Futures PF_ETHUSD+0.0210%1h2,733.9+0.027%$82.2M$310.8M100xas long as short
BloFin ETH-USDT+0.0381%8h2,734.2+0.037%$280.7M$175.5M150xas long as short