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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.5% APRnext payment $2.42 per $10,000 · paid last 24h −0.039%
Price spread now: BingX against BloFin−0.002%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as 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−0.234%−$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETH-USDT2,745.40.0292pay 0.0292% / 8h5h 32m$285.2M$182.1M150x
ShortBingX ETH-USDT2,745.30.0050get 0.0050% / 8h5h 32m$1.15B

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
−$50.75
Price spread: −0.002% → 0.000%
−$0.22
Slippage, 4 orders
−$0.18
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$73.14
Costs to cover
0.222%
Break-even
never at this rate
Slippage from BloFin: live order book, 12 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 BloFin live order book, 12 min ago0.02 bp6.0 bp −$66.1 bp −$616.6 bp −$6607.2 bp −$3,613
Sell BingX live order book, 7 min ago0.04 bp5.0 bp −$55.2 bp −$526.2 bp −$6227.1 bp −$3,574

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
Hotstuff ETH-PERP−0.0080%1h2,745.3−0.004%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0044%1h2,743.1−0.084%$118K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,745.1−0.013%$12.0M200xas long as short
dYdX ETH-USD0.0000%1h2,745.1−0.011%$10.8M$41.8M50xas long as short
Perpl ETH0.0000%43m2,744.7−0.025%$305K$5.6M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,745.2−0.007%$22.2M200xas long as short
Phoenix ETH+0.0017%1h2,745.2−0.007%$848K$2.9M25xas long as short
01 Exchange ETHUSD+0.0032%1h2,745.8+0.015%$183K$914K50xas long as short
ApeX Omni ETHUSDT+0.0046%1h2,741.3−0.149%$8.9M$30.9M100xas long as short
BingX ETH-USDTshort+0.0050%8h2,745.3−0.002%$1.15B
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0064%8h2,745.4−0.002%$1.70B$10.57B100xas long as short
KuCoin ETHUSDTM+0.0065%8h2,745.3−0.003%$383.4M$584.1M100xas long as short
RISEx ETH/USDC+0.0077%1h2,746.2+0.029%$5.7M$11.2M25xas long as short
Bullet ETH-USD+0.0081%1h2,744.8−0.022%$181K$1.7M20xas long as short
Aster ETHUSDT+0.0082%8h2,745−0.014%$252.4M$841.0M200xas long as short
Aevo ETH-PERP+0.0088%1h2,742.5−0.107%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0089%8h2,745.2−0.007%$1.56B$2.54B500xas long as short
Binance ETHUSDT+0.0091%8h2,745.2−0.007%$6.38B$15.68B150xas long as short
Lighter ETH+0.0096%1h2,745.6+0.008%$112.8M$433.5M50xas long as short
Lighter RH ETH+0.0096%1h2,747+0.057%$24.6M$103.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.8−0.024%$30.7M500xas long as short
Coinbase International ETH-PERP-INTX+0.0096%1h2,746.4+0.036%$58.7M$4.28B50xas long as short
HTX ETH-USDT+0.0097%8h2,744.8−0.020%$1.06B$1.18B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,750.2+0.175%$16.0M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,745.5+0.004%$468K$3.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.8−0.022%$13.9M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,747.3+0.069%$3.12B$2.06B25xas long as short
Pacifica ETH+0.0100%1h2,745.8+0.015%$31.6M$335.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,745.7+0.010%$2.46B$4.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.9−0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,746.1+0.024%$2.7M$16.1M25xas long as short
Bulk ETH-USD+0.0100%1h2,741.5−0.141%$164.1M$300.8M25xas long as short
Gate ETH_USDT+0.0100%8h2,745.5+0.004%$3.39B$8.72B200xas long as short
Bitget ETHUSDT+0.0100%8h2,745.4−0.001%$2.08B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,744.4−0.037%$15.0M$40.9M50xas long as short
Variational Omni ETH+0.0100%8h2,740.7−0.172%$132.6M$333.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,740.6−0.177%$182.1M$690.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,742.9−0.089%$159.5M$83.9M50xas long as short
StandX ETH-USD+0.0100%1h2,742.6−0.102%$21.2M$68.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,745.3−0.005%$819K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,745.9+0.018%$11.0M$8.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.8−0.021%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,746.5+0.041%$41.5M$29.6M15xas long as short
SunX ETH-USDT+0.0100%8h2,744.4−0.035%$962K$11.5M100xas long as short
SoDEX ETH-USD+0.0100%1h2,745.1−0.011%$54.7M$187.5M40xas long as short
Phemex ETHUSDT+0.0100%8h2,745−0.015%$267.0M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,744.6−0.029%$30.6M$72.4M50xas long as short
Aftermath Perps ETHUSD+0.0129%1h2,742.2−0.117%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0159%8h2,745.2−0.007%$7.6M$669.2M4.9xas long as short
Deribit ETH-PERPETUAL+0.0165%1h2,746.4+0.035%$258.8M$196.0M50xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,747.1+0.063%$32.3M$11.3M100xas long as short
Kraken Futures PF_ETHUSD+0.0221%1h2,746+0.021%$87.0M$310.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,744.7−0.026%$7.3M$1.1M25xas long as short
Hibachi ETH/USDT-P+0.0248%1h2,743.5−0.070%$252K$1.4M20xas long as short
BloFin ETH-USDTlong+0.0292%8h2,745.4long leg$285.2M$182.1M150x