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

ETH

all ETH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.017%
Price spread now: Vest against 01 Exchange+0.038%7-day average +0.010% · 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 4 days (all we have)+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.240%+$24 · spread now +0.038%, 7d avg +0.010%
Together, before fees+0.291%+ Points / potential airdropVest: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.028% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,746.90.0072pay 0.0009% / 1h52m 16s$182K$928K50x
ShortVest ETH-PERP2,747.90.0100get 0.0013% / 1h52m 16s$348K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against 01 Exchange. 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
$5.88
Price spread: +0.038% → +0.010%
$2.79
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$0.33
Costs to cover
0.090%
Break-even
7.4 days
Slippage unknown: 01 Exchange: live order book, 60 min ago; Vest: 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 01 Exchange live order book, 60 min ago0.18 bp6.7 bp −$711.8 bp −$118doesn't fitdoesn't fit
Sell Vest no order-book sample
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 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0120%1h2,748.1+0.043%$235K$1.2M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.4+0.091%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0045%1h2,748.4+0.054%$8.3M$25.3M100xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,747.3+0.014%$12.2M200xas long as short
Phoenix ETH−0.0009%1h2,750+0.113%$809K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,746.8−0.004%$7.2M$661.2M4.9xas long as short
Perpl ETH0.0000%43m2,748+0.038%$269K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,747.4+0.018%$33.2M200xas long as short
Bybit ETHUSDT+0.0007%8h2,747.2+0.011%$2.37B$3.81B150xas long as short
OKX ETH-USDT-SWAP+0.0068%8h2,747+0.004%$1.67B$9.24B100xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSDlong+0.0072%1h2,746.9long leg$182K$928K50x
Gate ETH_USDT+0.0082%8h2,746.7−0.007%$3.27B$7.69B200xas long as short
Aster ETHUSDT+0.0083%8h2,747.3+0.015%$257.9M$720.1M200xas long as short
KuCoin ETHUSDTM+0.0088%8h2,746.3−0.021%$365.1M$441.2M100xas long as short
Aevo ETH-PERP+0.0088%1h2,744.4−0.090%$4.9M$214K20xas long as short
Binance ETHUSDT+0.0089%8h2,747.3+0.015%$6.41B$14.02B150xas long as short
MEXC ETH_USDT+0.0089%8h2,747+0.004%$1.60B$2.34B500xas long as short
Lighter ETH+0.0096%1h2,747.9+0.036%$113.8M$384.2M50xas long as short
Lighter RH ETH+0.0096%1h2,749.1+0.078%$23.7M$94.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,747.2+0.010%$23.6M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,748.4+0.054%$46.2M$3.90B50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.8−0.040%$506K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,745.8−0.040%$14.6M$95.9M50xas long as short
Pacifica ETH+0.0100%1h2,747.5+0.020%$32.4M$325.1M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,747.8+0.033%$2.8M$14.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,747.6+0.026%$1.5M$14.3M25xas long as short
Bulk ETH-USD+0.0100%1h2,749.3+0.086%$164.5M$330.2M25xas long as short
Bitget ETHUSDT+0.0100%8h2,746.7−0.007%$2.11B$2.30B150xas long as short
BingX ETH-USDC+0.0100%8h2,746−0.033%$18.4Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,746.7−0.007%$14.9M$36.1M50xas long as short
Variational Omni ETH+0.0100%8h2,747.8+0.034%$132.6M$290.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,748.3+0.051%$185.2M$607.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,749.4+0.090%$159.9M$69.4M50xas long as short
StandX ETH-USD+0.0100%1h2,748.5+0.058%$21.1M$75.6M40xas long as short
Vest ETH-PERPshort+0.0100%1h2,747.9+0.038%$348K50x
Polymarket Perps ETH-USD+0.0100%1h2,747.7+0.029%$11.3M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747+0.004%$177K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,746.6−0.011%$20K$14K25xas long as short
SunX ETH-USDT+0.0100%8h2,746.3−0.021%$946K$8.6M100xas long as short
SoDEX ETH-USD+0.0100%1h2,747.7+0.029%$61.9M$121.8M40xas long as short
HTX ETH-USDT+0.0100%8h2,746.8−0.004%$1.05B$1.05B200xas long as short
Phemex ETHUSDT+0.0100%8h2,747.3+0.016%$263.9M$56.4M150xas long as short
Extended ETH-USD+0.0104%1h2,745.9−0.038%$30.5M$65.1M50xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,747.6+0.026%$82.5M$273.5M100xas long as short
Aftermath Perps ETHUSD+0.0107%1h2,748.3+0.050%$30K$8K20xas long as short
Deribit ETH-PERPETUAL+0.0140%1h2,748+0.040%$266.8M$184.9M50xas long as short
Reya ETHRUSDPERP+0.0156%1h2,745.3−0.060%$7.3M$832K25xas long as short
Orderly PERP_ETH_USDC+0.0174%8h2,749.2+0.083%$32.4M$9.9M100xas long as short
dYdX ETH-USD+0.0196%1h2,746.3−0.022%$15.2M$42.7M50xas long as short
RISEx ETH/USDC+0.0206%1h2,747.6+0.026%$5.7M$10.6M25xas long as short
Hyperliquid ETH+0.0251%1h2,749.5+0.093%$3.15B$1.73B25xas long as short
BloFin ETH-USDT+0.0360%8h2,747.7+0.030%$283.3M$149.7M150xas long as short
Injective ETH/USDC PERP+0.0461%1h2,751.5+0.167%$118K$21.7M52xas long as short
Paradex ETH-USD-PERP+0.0546%8h2,751+0.149%$16.0M$6.2M50xas long as short