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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment $0.26 per $10,000 · paid last 24h −0.001%
Price spread now: Bitget against BingX+0.020%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Bitget is 0.020% dearer against BingX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDT2,767.70.0100pay 0.0100% / 8h2h 44m$1.19B
ShortBitget ETHUSDT2,768.20.0074get 0.0074% / 8h2h 44m$2.09B$3.13B150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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
−$5.46
Price spread: +0.020% → 0.000%
$2.02
Slippage, 4 orders
−$0.21
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$25.65
Costs to cover
0.222%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: live order book, 5 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 BingX live order book, 10 min ago0.05 bp5.1 bp −$55.3 bp −$535.6 bp −$5586.1 bp −$3,065
Sell Bitget live order book, 5 min ago0.02 bp6.0 bp −$66.2 bp −$628.1 bp −$80910.1 bp −$5,069

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−0.0447%43m2,768+0.013%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,770.7+0.109%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0095%1h2,771.1+0.124%$10.5M$31.0M100xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.4+0.026%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,768.4+0.026%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.131%$795K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,768.4+0.027%$5.8M$12.0M25xas long as short
dYdX ETH-USD0.0000%1h2,769.1+0.052%$12.9M$45.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,768.5+0.029%$22.4M200xas long as short
Phemex ETHUSDT+0.0021%8h2,768.1+0.014%$266.3M$65.9M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0023%8h2,768+0.011%$1.70B$11.83B100xas long as short
Aftermath Perps ETHUSD+0.0024%1h2,771.8+0.149%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,768.5+0.030%$13.1M200xas long as short
Aster ETHUSDT+0.0042%8h2,767.9+0.009%$255.7M$995.5M200xas long as short
MEXC ETH_USDT+0.0044%8h2,768.3+0.023%$1.59B$2.63B500xas long as short
Binance ETHUSDT+0.0044%8h2,767.8+0.005%$6.43B$17.18B150xas long as short
Aevo ETH-PERP+0.0048%1h2,766.1−0.056%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0060%8h2,768.3+0.022%$3.29B$9.57B200xas long as short
Bitget ETHUSDTshort+0.0074%8h2,768.2+0.020%$2.09B$3.13B150x
Bullet ETH-USD+0.0080%1h2,767.8+0.005%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.123%$141.1M$318.8Mas long as short
SoDEX ETH-USD+0.0094%1h2,768+0.012%$55.1M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,768.5+0.030%$115.1M$509.1M50xas long as short
Lighter RH ETH+0.0096%1h2,769.9+0.082%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,768.9+0.045%$41.8M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,767.7+0.003%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,768.7+0.037%$481K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,768+0.012%$16.0M$114.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,770.9+0.117%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,768.6+0.034%$31.3M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,767.3−0.013%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,767.8+0.005%$2.9M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,770.3+0.096%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.8+0.114%$164.5M$255.4M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,768.5+0.029%$424.8M$742.3M100xas long as short
BingX ETH-USDTlong+0.0100%8h2,767.7long leg$1.19B
Backpack ETH_USDC_PERP+0.0100%1h2,768.5+0.028%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,771.4+0.136%$178.2M$790.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,771.7+0.146%$161.2M$97.4M50xas long as short
StandX ETH-USD+0.0100%1h2,770.4+0.099%$21.4M$57.6M40xas long as short
Vest ETH-PERP+0.0100%1h2,769.2+0.055%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,769.8+0.077%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,769.3+0.059%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,770.5+0.103%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.2−0.016%$971K$14.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,767.6−0.004%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,767.9+0.008%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,769.6+0.070%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,770.3+0.095%$8.6M$671.0M4.9xas long as short
Orderly PERP_ETH_USDC+0.0129%8h2,771+0.121%$32.5M$11.8M100xas long as short
Deribit ETH-PERPETUAL+0.0144%1h2,770+0.085%$259.0M$223.3M50xas long as short
BloFin ETH-USDT+0.0165%8h2,767.9+0.009%$286.6M$195.3M150xas long as short
Reya ETHRUSDPERP+0.0189%1h2,767.5−0.007%$7.5M$992K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,769.3+0.059%$88.4M$329.9M100xas long as short
Hibachi ETH/USDT-P+0.0392%1h2,770.3+0.094%$273K$1.5M20xas long as short