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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.016%
Price spread now: BingX against Backpack+0.004%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on BackpackShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.106%−$11 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ETH_USDC_PERP2,767.40.0100pay 0.0013% / 1h37m 29s$15.3M$42.4M50x
ShortBingX ETH-USDT2,767.50.0034get 0.0034% / 8h2h 37m—$1.18B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Backpack. 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
−$13.86
Price spread: +0.004% → 0.000%
$0.43
Slippage, 4 orders
−$0.61
Fee Backpack: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$34.03
Costs to cover
0.206%
Break-even
never at this rate
Slippage from Backpack: live order book, 2 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 2 min ago0.02 bp5.0 bp −$57.1 bp −$7128.5 bp −$2,851doesn't fit
Sell BingX live order book, 7 min ago0.04 bp5.0 bp −$55.0 bp −$505.0 bp −$5045.7 bp −$2,859

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−0.0112%43m2,767.9+0.019%$289K$6.8M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.047%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,763.9−0.127%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2−0.078%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,767.8+0.014%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,767.2−0.008%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,767.8+0.013%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,768.8+0.050%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.6+0.005%$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,766.7−0.024%$1.70B$11.83B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0024%1h2,767.7+0.009%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,767.3−0.003%$13.1M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,766.7−0.027%$266.2M$66.0M150xas long as short
BingX ETH-USDTshort+0.0034%8h2,767.5+0.004%—$1.18B—
Aster ETHUSDT+0.0038%8h2,767.4−0.002%$255.8M$995.2M200xas long as short
MEXC ETH_USDT+0.0045%8h2,767.5+0.002%$1.62B$2.65B500xas long as short
Binance ETHUSDT+0.0045%8h2,767.40.000%$6.42B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,764.5−0.105%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0063%8h2,767.6+0.008%$3.28B$9.60B200xas long as short
Bitget ETHUSDT+0.0074%8h2,767.2−0.009%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0085%1h2,767−0.015%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4−0.074%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,768+0.020%$115.2M$511.2M50xas long as short
Lighter RH ETH+0.0096%1h2,769.4+0.073%$25.3M$122.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,765.7−0.063%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.8+0.013%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.8+0.014%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,767.5+0.004%$14.8M$116.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.7+0.083%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.1+0.025%$31.2M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767−0.014%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.40.000%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,769.6+0.080%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.068%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,767.5+0.005%$424.5M$741.8M100xas long as short
Backpack ETH_USDC_PERPlong+0.0100%1h2,767.4long leg$15.3M$42.4M50x
edgeX ETHUSDC+0.0100%4h2,763.9−0.127%$177.7M$791.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7−0.061%$160.8M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,765.1−0.083%$21.3M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,767.8+0.014%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,768.7+0.047%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,767.2−0.009%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,769.1+0.061%$42.6M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,766−0.052%$971K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,766.7−0.026%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,765.9−0.054%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.1−0.010%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,768.4+0.034%$60.2M$4.62B50xas long as short
Deribit ETH-PERPETUAL+0.0115%1h2,768.5+0.038%$258.4M$224.5M50xas long as short
Kalshi KXETHPERP+0.0118%8h2,765.3−0.076%$8.6M$671.9M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,769.7+0.082%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,763.1−0.155%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0186%1h2,766.3−0.042%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,768.2+0.027%$88.3M$329.4M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,767.6+0.006%$272K$1.5M20xas long as short