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−0.0067%/8h= −7.3% APRpaid last 24h −0.009%
Price spread now: BingX against Vest−0.079%7-day average −0.035% · 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 3 days (all we have)−0.041%−$4 on $10k
Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.079%, 7d avg −0.035%
Together, before fees−0.196%+ Points / potential airdropVest: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.044% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,734.70.0100pay 0.0013% / 1h28m 17s$844K50x
ShortBingX ETH-USDT2,732.60.0033get 0.0033% / 8h3h 28m$1.14B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Vest. 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
−$14.07
Price spread: −0.079% → −0.035%
−$4.42
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee BingX: 5 bp × 2 orders
−$10
Net
−$30.49
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; BingX: live order book, 11 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 Vest no order-book sample
Sell BingX live order book, 11 min ago0.05 bp5.1 bp −$55.1 bp −$515.1 bp −$5055.8 bp −$2,903
Vest: 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%43m2,733.9−0.032%$297K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.6−0.005%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,733−0.063%$11.9M200xas long as short
HTX ETH-USDT−0.0007%8h2,732−0.100%$1.06B$1.20B200xas long as short
Phoenix ETH−0.0006%1h2,739+0.156%$821K$2.9M25xas long as short
dYdX ETH-USD+0.0004%1h2,734.2−0.018%$10.7M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,733−0.063%$28.1M200xas long as short
Bullet ETH-USD+0.0025%1h2,732.5−0.080%$179K$1.7M20xas long as short
BingX ETH-USDTshort+0.0033%8h2,732.6−0.079%$1.14B
Bybit ETHUSDT+0.0041%8h2,732.4−0.085%$2.37B$4.37B150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,734.2−0.019%$187K$816K50xas long as short
KuCoin ETHUSDTM+0.0068%8h2,733.2−0.055%$379.7M$573.5M100xas long as short
Deribit ETH-PERPETUAL+0.0076%1h2,733.8−0.034%$259.5M$200.2M50xas long as short
OKX ETH-USDT-SWAP+0.0076%8h2,732.6−0.080%$1.67B$10.73B100xas long as short
SunX ETH-USDT+0.0077%8h2,733−0.065%$958K$11.2M100xas long as short
Aster ETHUSDT+0.0084%8h2,733.2−0.057%$251.0M$841.9M200xas long as short
ApeX Omni ETHUSDT+0.0085%1h2,737.8+0.111%$8.7M$31.2M100xas long as short
Phemex ETHUSDT+0.0086%8h2,733.4−0.049%$265.0M$65.1M150xas long as short
MEXC ETH_USDT+0.0092%8h2,733.1−0.061%$1.55B$2.57B500xas long as short
Binance ETHUSDT+0.0092%8h2,732.8−0.072%$6.35B$15.89B150xas long as short
SoDEX ETH-USD+0.0095%1h2,733.1−0.060%$54.4M$187.7M40xas long as short
Lighter ETH+0.0096%1h2,733.2−0.058%$112.6M$432.7M50xas long as short
Lighter RH ETH+0.0096%1h2,735.6+0.030%$23.4M$104.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,733.9−0.030%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.3−0.125%$4.9M$155K20xas long as short
Injective ETH/USDC PERP+0.0096%1h2,735.8+0.039%$117K$22.5M52xas long as short
Katana Perps ETH-USD+0.0100%8h2,733.4−0.049%$505K$3.3M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,736.9+0.081%$15.6M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.1−0.022%$13.8M$104.6M50xas long as short
Hyperliquid ETH+0.0100%1h2,735.9+0.043%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.6−0.005%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,733.4−0.049%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,734.9+0.007%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,736.4+0.062%$170.3M$327.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,732.6−0.076%$3.33B$8.89B200xas long as short
Bitget ETHUSDT+0.0100%8h2,732.6−0.079%$2.07B$2.72B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.4−0.049%$15.2M$40.3M50xas long as short
Variational Omni ETH+0.0100%8h2,737.4+0.098%$133.6M$321.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,736.2+0.052%$184.1M$671.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,738.1+0.123%$159.3M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,735.7+0.035%$21.1M$69.3M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,734.7long leg$844K50x
Polymarket Perps ETH-USD+0.0100%1h2,734.9+0.006%$11.2M$9.3M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,733.4−0.050%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,734.6−0.005%$41.3M$29.9M15xas long as short
Extended ETH-USD+0.0104%1h2,731.6−0.113%$30.6M$73.1M50xas long as short
RISEx ETH/USDC+0.0107%1h2,734.7−0.003%$5.6M$11.7M25xas long as short
Aftermath Perps ETHUSD+0.0109%1h2,736.5+0.065%$30K$20K20xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,733.4−0.049%$50.9M$4.28B50xas long as short
Kalshi KXETHPERP+0.0127%8h2,734.2−0.019%$6.5M$684.1M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,733.2−0.056%$83.3M$315.0M100xas long as short
Orderly PERP_ETH_USDC+0.0196%8h2,734.9+0.006%$32.2M$11.7M100xas long as short
Reya ETHRUSDPERP+0.0211%1h2,732.3−0.090%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.5+0.029%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0370%8h2,734.2−0.019%$283.1M$175.1M150xas long as short