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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRnext payment $0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Vest against Bluefin−0.068%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.068% cheaper against Bluefin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin ETH-PERP2,776.50.0100pay 0.0013% / 1h26m 11s$21K$22K25x
ShortVest ETH-PERP2,774.60.0083get 0.0010% / 1h26m 11s$876K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Bluefin. 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
−$3.65
Price spread: −0.068% → 0.000%
−$6.77
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$19.42
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample
Sell Vest no order-book sample
Bluefin and 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 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
Injective ETH/USDC PERP−0.0752%1h2,776.9+0.013%$119K$22.5M52xas long as short
RISEx ETH/USDC−0.0128%1h2,774.7−0.065%$5.7M$11.1M25xas long as short
Perpl ETH−0.0112%43m2,774−0.090%$321K$6.3M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.6−0.106%$5K$1K50xas long as short
Phemex ETHUSDT−0.0048%8h2,775.6−0.034%$270.1M$67.5M150xas long as short
01 Exchange ETHUSD−0.0040%1h2,775.1−0.052%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,773.7−0.102%$879K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,774.8−0.063%$12.2M$45.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.7−0.030%$22.4M200xas long as short
Bullet ETH-USD+0.0023%1h2,774.7−0.065%$185K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0026%8h2,775.2−0.048%$1.71B$11.19B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,775.6−0.035%$12.7M200xas long as short
SoDEX ETH-USD+0.0044%1h2,776.2−0.012%$55.3M$188.1M40xas long as short
Aster ETHUSDT+0.0045%8h2,774.7−0.066%$256.9M$885.3M200xas long as short
Aevo ETH-PERP+0.0056%1h2,773.5−0.110%$5.0M$167K20xas long as short
MEXC ETH_USDT+0.0058%8h2,775−0.055%$1.63B$2.64B500xas long as short
Binance ETHUSDT+0.0058%8h2,775.4−0.042%$6.49B$16.31B150xas long as short
Aftermath Perps ETHUSD+0.0068%1h2,772.9−0.130%$31K$21K20xas long as short
Bitget ETHUSDT+0.0073%8h2,775.1−0.053%$2.10B$2.87B150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,777.6+0.039%$60.4M$4.44B50xas long as short
ApeX Omni ETHUSDT+0.0080%1h2,769.8−0.241%$8.7M$32.2M100xas long as short
Vest ETH-PERPshort+0.0083%1h2,774.6−0.068%$876K50x
KuCoin ETHUSDTM+0.0085%8h2,775.9−0.022%$420.8M$621.7M100xas long as short
Lighter ETH+0.0096%1h2,776.8+0.008%$115.4M$457.9M50xas long as short
Lighter RH ETH+0.0096%1h2,777+0.017%$25.8M$111.5M50xas long as short
Gate ETH_USDT+0.0099%8h2,775.5−0.039%$3.38B$9.01B200xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,780+0.125%$16.0M$8.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.4−0.077%$486K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,775.8−0.026%$14.7M$114.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.2+0.024%$3.18B$2.24B25xas long as short
Pacifica ETH+0.0100%1h2,775.3−0.044%$31.3M$325.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,775.4−0.041%$2.51B$4.36B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,775.2−0.048%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.8−0.027%$2.8M$16.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,772.8−0.133%$170.3M$276.6M25xas long as short
BingX ETH-USDC+0.0100%8h2,775.3−0.043%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.1−0.087%$15.1M$42.0M50xas long as short
Variational Omni ETH+0.0100%8h2,774.9−0.059%$139.2M$343.3Mas long as short
edgeX ETHUSDC+0.0100%4h2,769.9−0.238%$181.9M$783.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.9−0.202%$161.1M$84.5M50xas long as short
StandX ETH-USD+0.0100%1h2,773.7−0.102%$21.5M$63.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,774.7−0.066%$10.5M$8.0M50xas long as short
Bluefin ETH-PERPlong+0.0100%1h2,776.5long leg$21K$22K25x
Derive ETH-PERP+0.0100%1h2,778+0.052%$42.7M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9−0.060%$972K$13.2M100xas long as short
HTX ETH-USDT+0.0100%8h2,775.8−0.025%$1.08B$1.25B200xas long as short
Extended ETH-USD+0.0104%1h2,775.8−0.025%$30.9M$74.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,775.7−0.031%$36.9M500xas long as short
Kalshi KXETHPERP+0.0111%8h2,775.5−0.037%$8.0M$680.8M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,777.8+0.046%$96.2M$319.3M100xas long as short
Deribit ETH-PERPETUAL+0.0135%1h2,777.9+0.048%$259.1M$205.6M50xas long as short
Hibachi ETH/USDT-P+0.0144%1h2,775−0.054%$253K$1.5M20xas long as short
Orderly PERP_ETH_USDC+0.0152%8h2,778.6+0.073%$32.7M$11.1M100xas long as short
BloFin ETH-USDT+0.0178%8h2,772.9−0.131%$288.1M$182.1M150xas long as short
Reya ETHRUSDPERP+0.0211%1h2,774.4−0.078%$7.4M$1.2M25xas long as short