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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: Bluefin against Vest−0.059%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.059% cheaper against Vest than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,736.10.0100pay 0.0013% / 1h19m 21s$445K50x
ShortBluefin ETH-PERP2,734.50.0100get 0.0013% / 1h19m 21s$22K$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$0
Price spread: −0.059% → 0.000%
−$5.94
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$14.94
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Bluefin: 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 Vest no order-book sample
Sell Bluefin no order-book sample
Vest and Bluefin: 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%1h2,735.2−0.033%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,735.1−0.036%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.5−0.059%$12.0M200xas long as short
ApeX Omni ETHUSDT−0.0007%1h2,734−0.075%$8.6M$31.6M100xas long as short
Phoenix ETH−0.0006%1h2,735−0.040%$814K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,733.9−0.080%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,735.5−0.022%$6.6M$685.7M4.9xas long as short
Perpl ETH0.0000%43m2,734.6−0.056%$288K$5.8M8.3xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,735−0.039%$262.7M$214.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,735.1−0.037%$33.0M200xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0016%1h2,735.4−0.025%$191K$891K50xas long as short
HTX ETH-USDT+0.0021%8h2,735−0.039%$1.05B$1.22B200xas long as short
BingX ETH-USDT+0.0025%8h2,733.8−0.083%$1.11Bas long as short
Bybit ETHUSDT+0.0030%8h2,733.8−0.086%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTM+0.0068%8h2,734.6−0.055%$374.8M$577.1M100xas long as short
SoDEX ETH-USD+0.0081%1h2,733.8−0.084%$54.5M$187.2M40xas long as short
Aster ETHUSDT+0.0084%8h2,733.9−0.082%$253.0M$849.2M200xas long as short
OKX ETH-USDT-SWAP+0.0084%8h2,733.4−0.100%$1.65B$10.92B100xas long as short
Phemex ETHUSDT+0.0092%8h2,734.6−0.056%$263.4M$64.6M150xas long as short
Aftermath Perps ETHUSD+0.0093%1h2,733.1−0.110%$30K$20K20xas long as short
MEXC ETH_USDT+0.0094%8h2,734.3−0.067%$1.54B$2.60B500xas long as short
Binance ETHUSDT+0.0094%8h2,733.9−0.078%$6.33B$16.17B150xas long as short
Lighter ETH+0.0096%1h2,734.8−0.048%$112.5M$436.8M50xas long as short
Lighter RH ETH+0.0096%1h2,735.9−0.006%$23.5M$103.2M50xas long as short
Aevo ETH-PERP+0.0096%1h2,731.2−0.179%$4.9M$159K20xas long as short
Bullet ETH-USD+0.0098%1h2,733.9−0.081%$183K$1.7M20xas long as short
SunX ETH-USDT+0.0099%8h2,733.5−0.096%$958K$11.0M100xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7−0.051%$511K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,739.4+0.123%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.060%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,737.2+0.040%$3.12B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,735.6−0.020%$32.2M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.6−0.055%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.3−0.030%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,734.2−0.070%$164.8M$347.1M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.2−0.071%$3.30B$9.02B200xas long as short
Bitget ETHUSDT+0.0100%8h2,733.8−0.083%$2.09B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,733.6−0.093%$15.1M$42.5M50xas long as short
Variational Omni ETH+0.0100%8h2,733.4−0.098%$134.0M$323.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.6−0.166%$185.7M$682.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,732.6−0.128%$158.8M$86.1M50xas long as short
StandX ETH-USD+0.0100%1h2,734.3−0.066%$21.0M$70.5M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,736.1long leg$445K50x
Polymarket Perps ETH-USD+0.0100%1h2,735.8−0.011%$11.2M$9.5M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,734.5−0.059%$22K$21K25x
Extended ETH-USD+0.0104%1h2,733−0.112%$30.4M$73.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,735−0.041%$30.4M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,735.3−0.029%$48.5M$4.33B50xas long as short
RISEx ETH/USDC+0.0115%1h2,734.7−0.051%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,736.2+0.004%$32.2M$11.3M100xas long as short
Reya ETHRUSDPERP+0.0189%1h2,733.5−0.095%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,735.7−0.014%$243K$1.4M20xas long as short
Kraken Futures PF_ETHUSD+0.0210%1h2,734.7−0.052%$82.2M$312.9M100xas long as short
BloFin ETH-USDT+0.0375%8h2,733.9−0.081%$281.6M$175.7M150xas long as short