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Price arb /

ETH

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Spread before costs (cost unknown: a leg has no order-book sample)+0.100%
7d average+0.002%if it closes, per $10,000$10funding while held, a day+$0.00
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETHUSDT2,732.30.0100pay 0.0100% / 8h1h 58m$6.58B$14.34B150x
ShortVariational Omni ETH2,7350.0100get 0.0100% / 8h1h 58m$155.6M$288.4M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$9.97
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.03
Spread needed to break even
0.100%
Slippage unknown: Binance: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.02 bp5.0 bp −$55.0 bp −$505.5 bp −$5548.7 bp −$4,332
Sell Variational Omni RFQ quote, 2 min ago0.62 bpdoesn't fit1.0 bp −$103.1 bp −$308doesn't fit

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Hotstuff2,728.8cheapestExtended2,728.8+0.001%Gate2,729.1+0.011%SoDEX2,729.5+0.026%KuCoin2,730.7+0.070%Jupiter Perps2,730.8+0.073%Reya2,730.9+0.078%Aevo2,731.1+0.083%BingX2,731.3+0.092%Aster2,731.5+0.098%Katana Perps2,731.5+0.099%Kalshi2,731.7+0.106%Hibachi2,731.7+0.107%Backpack2,731.9+0.113%Nado2,732+0.116%Bitget2,732+0.116%Lighter2,732.2+0.123%dYdX2,732.2+0.123%
Binance2,732.3+0.126%
MEXC2,732.3+0.126%Bullet2,732.3+0.127%OKX2,732.3+0.128%Vest2,732.4+0.132%BloFin2,732.4+0.133%Bybit2,732.5+0.134%GMX2,732.5+0.136%Pacifica2,732.6+0.139%Polymarket Perps2,732.6+0.139%gTrade (Gains Network)2,732.8+0.147%RISEx2,732.8+0.147%Aftermath Perps2,732.8+0.148%Perpl2,732.9+0.152%ApeX Omni2,733.2+0.159%Arcus2,733.3+0.164%Phemex2,733.3+0.165%Lighter RH2,733.3+0.166%HTX2,733.4+0.169%Bluefin2,733.5+0.171%Phoenix2,733.6+0.176%Coinbase International2,733.6+0.176%SunX2,733.6+0.177%Ondo Perps2,733.7+0.180%Hyperliquid2,733.8+0.182%edgeX2,733.9+0.185%Kraken Futures2,734.7+0.215%Deribit2,734.9+0.225%
Variational Omni2,735+0.226%
StandX2,735+0.227%Injective2,735.1+0.231%Orderly2,735.7+0.253%Paradex2,736.3+0.276%01 Exchange2,737.5+0.319%Derive2,738+0.336%Bulk2,742.4+0.500%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff ETH-PERP−0.126%−0.0080%1h$5K$1K50xas long as short
Extended ETH-USD−0.126%+0.0104%1h$33.0M$71.9M50xas long as short
Gate ETH_USDT−0.116%−0.0046%8h$3.70B$8.16B200xas long as short
SoDEX ETH-USD−0.101%+0.0100%1h$55.5M$139.7M40xas long as short
KuCoin ETHUSDTM−0.056%+0.0100%8h$393.1M$666.6M100xas long as short
Jupiter Perps ETH-PERP−0.053%L +0.0096% / S +0.0048%1h—$41.4M500xas long as short
Reya ETHRUSDPERP−0.049%+0.0146%1h$7.3M$913K25xas long as short
Aevo ETH-PERP−0.043%+0.0096%1h$5.0M$781K20xas long as short
BingX ETH-USDC−0.034%+0.0100%8h—$16.0M—as long as short
Aster ETHUSDT−0.028%+0.0100%8h$267.2M$800.9M200xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps ETH-USD−0.027%+0.0100%8h$468K$1.9M50xas long as short
Kalshi KXETHPERP−0.020%0.0000%8h$4.4M$473.4M4.9xas long as short
Hibachi ETH/USDT-P−0.019%+0.0216%1h$282K$1.2M20xas long as short
Backpack ETH_USDC_PERP−0.014%+0.0100%1h$15.5M$38.4M50xas long as short
Nado ETH-PERP−0.011%+0.0100%1h$19.3M$109.5M50xas long as short
Bitget ETHUSDT−0.010%+0.0082%8h$2.13B$2.93B150xas long as short
Lighter ETH−0.004%+0.0096%1h$119.1M$465.2M50xas long as short
dYdX ETH-USD−0.003%+0.0536%1h$24.3M$20.9M50xas long as short
Binance ETHUSDTlong0.000%+0.0100%8h$6.58B$14.34B150x
MEXC ETH_USDT0.000%+0.0100%8h$1.53B$2.29B500xas long as short
Bullet ETH-USD+0.001%+0.0059%1h$183K$1.9M20xas long as short
OKX ETH-USDT-SWAP+0.002%+0.0021%8h$1.72B$10.53B100xas long as short
Vest ETH-PERP+0.005%+0.0100%1h—$1.2M50xas long as short
BloFin ETH-USDT+0.007%+0.0220%8h$293.1M$164.7M150xas long as short
Bybit ETHUSDT+0.008%+0.0100%8h$2.45B$4.21B150xas long as short
GMX ETH/USD [ETH-USDC]+0.009%L −0.0014% / S +0.0046%1h$11.6M—200xas long as short
Pacifica ETH+0.013%+0.0100%1h$31.0M$185.4M50xas long as short
Polymarket Perps ETH-USD+0.013%+0.0100%1h$10.8M$4.7M50xas long as short
gTrade (Gains Network) ETH/USD+0.020%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
RISEx ETH/USDC+0.021%+0.0266%1h$5.9M$13.1M25xas long as short
Aftermath Perps ETHUSD+0.021%+0.0212%1h$29K$34K20xas long as short
Perpl ETH+0.025%+0.0112%43m$172K$5.2M8.3xas long as short
ApeX Omni ETHUSDT+0.033%+0.0036%1h$7.6M$27.2M100xas long as short
Arcus ETH-USD+0.038%+0.0100%1h$2.4M$13.5M25xas long as short
Phemex ETHUSDT+0.038%+0.0015%8h$264.5M$65.7M150xas long as short
Lighter RH ETH+0.040%+0.0096%1h$25.4M$112.5M50xas long as short
HTX ETH-USDT+0.042%+0.0100%8h$1.08B$1.12B200xas long as short
Bluefin ETH-PERP+0.044%+0.0100%1h$19K$24K25xas long as short
Phoenix ETH+0.049%+0.0061%1h$1.4M$2.3M25xas long as short
Coinbase International ETH-PERP-INTX+0.050%+0.0056%1h$61.5M$4.65B50xas long as short
SunX ETH-USDT+0.051%+0.0100%8h$943K$13.9M100xas long as short
Ondo Perps ETH-USD.P+0.053%+0.0430%1h$3.3M$12.4M25xas long as short
Hyperliquid ETH+0.055%+0.0462%1h$3.22B$2.03B25xas long as short
edgeX ETHUSDC+0.059%+0.0100%4h$193.1M$660.1M100xas long as short
Kraken Futures PF_ETHUSD+0.088%+0.0261%1h$83.5M$314.4M100xas long as short
Deribit ETH-PERPETUAL+0.098%+0.0204%1h$259.4M$208.1M50xas long as short
Variational Omni ETHshort+0.100%+0.0100%8h$155.6M$288.4M—
StandX ETH-USD+0.101%+0.0100%1h$21.0M$54.4M40xas long as short
Injective ETH/USDC PERP+0.104%−0.0112%1h$117K$22.5M52xas long as short
Orderly PERP_ETH_USDC+0.127%+0.0215%8h$32.1M$11.1M100xas long as short
Paradex ETH-USD-PERP+0.150%+0.0099%8h$13.7M$11.1M50xas long as short
01 Exchange ETHUSD+0.192%+0.0688%1h$189K$1.0M50xas long as short
Derive ETH-PERP+0.209%+0.0545%1h$41.2M$18.4M15xas long as short
Bulk ETH-USD+0.373%+0.0100%1h$150.7M$266.1M25xas long as short