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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Katana Perps against SunX−0.022%7-day average +0.021% · you buy dearer than you sell
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)+0.019%+$2 on $10k
Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.022%, 7d avg +0.021%
Together, before fees+0.135%+$13 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: Katana Perps is 0.043% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,768.60.0100pay 0.0100% / 8h24m 42s$971K$13.9M100x
ShortKatana Perps ETH-USD2,7680.0100get 0.0100% / 8h24m 42s$476K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against SunX. 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
−$0.04
Price spread: −0.022% → +0.021%
−$4.28
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$16.13
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 4 min ago; Katana Perps: 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 SunX live order book, 4 min ago0.50 bp6.5 bp −$76.6 bp −$668.5 bp −$84610.9 bp −$5,467
Sell Katana Perps no order-book sample
Katana 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−0.0223%43m2,768.9+0.012%$285K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,767.7−0.032%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,781.9+0.480%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,769.5+0.033%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0032%1h2,772.4+0.136%$8.8M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,769.2+0.022%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,768.5−0.005%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.1+0.090%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,770.2+0.058%$22.4M200xas long as short
BingX ETH-USDC+0.0016%8h2,767.2−0.051%$17.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,767.6−0.037%$1.70B$11.86B100xas long as short
Aftermath Perps ETHUSD+0.0023%1h2,773.2+0.167%$29K$22K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,770.1+0.055%$12.8M200xas long as short
Aster ETHUSDT+0.0030%8h2,769.1+0.017%$255.6M$1.00B200xas long as short
Phemex ETHUSDT+0.0034%8h2,770.3+0.062%$270.1M$69.0M150xas long as short
SoDEX ETH-USD+0.0034%1h2,770+0.051%$55.2M$229.0M40xas long as short
Bullet ETH-USD+0.0048%1h2,769.4+0.030%$182K$1.7M20xas long as short
Aevo ETH-PERP+0.0056%1h2,767.1−0.053%$5.0M$636K20xas long as short
MEXC ETH_USDT+0.0058%8h2,769.6+0.036%$1.61B$2.65B500xas long as short
Binance ETHUSDT+0.0058%8h2,767.8−0.028%$6.44B$17.30B150xas long as short
Bitget ETHUSDT+0.0066%8h2,767.7−0.031%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0069%8h2,767.7−0.033%$3.29B$9.66B200xas long as short
KuCoin ETHUSDTM+0.0082%8h2,768.2−0.014%$420.6M$739.8M100xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,771.7+0.113%$259.0M$222.4M50xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,771.7+0.110%$60.1M$4.59B50xas long as short
Bybit ETHUSDT+0.0089%8h2,767.7−0.032%$2.50B$4.63B150xas long as short
Vest ETH-PERP+0.0093%1h2,769.7+0.039%$1.1M50xas long as short
HTX ETH-USDT+0.0096%8h2,770+0.051%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,769.3+0.026%$115.1M$499.6M50xas long as short
Lighter RH ETH+0.0096%1h2,769.5+0.033%$25.2M$121.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,769.7+0.040%$42.0M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,767.3−0.045%$15.9M$10.1M50xas long as short
Katana Perps ETH-USDshort+0.0100%8h2,768−0.022%$476K$2.7M50x
Nado ETH-PERP+0.0100%1h2,768.3−0.009%$14.3M$118.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,771.3+0.098%$3.18B$2.35B25xas long as short
Pacifica ETH+0.0100%1h2,768.8+0.006%$31.2M$312.6M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.7−0.033%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.8+0.009%$2.7M$17.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.9+0.155%$167.0M$259.0M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.9+0.047%$15.1M$44.5M50xas long as short
Variational Omni ETH+0.0100%8h2,770.3+0.062%$147.5M$336.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,772.2+0.128%$182.0M$782.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.2+0.095%$161.1M$89.0M50xas long as short
StandX ETH-USD+0.0100%1h2,771.4+0.101%$21.4M$58.6M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.7+0.040%$10.7M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,770+0.049%$21K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,772.4+0.139%$42.7M$29.4M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,768.6long leg$971K$13.9M100x
Extended ETH-USD+0.0104%1h2,767.1−0.053%$32.5M$78.1M50xas long as short
Kalshi KXETHPERP+0.0114%8h2,770.1+0.054%$8.2M$686.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.101%$86.4M$333.7M100xas long as short
Orderly PERP_ETH_USDC+0.0141%8h2,772.6+0.146%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,770+0.050%$287.3M$194.2M150xas long as short
Reya ETHRUSDPERP+0.0202%1h2,769.3+0.025%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,771.5+0.104%$252K$1.6M20xas long as short