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+0.0037%/8h= +4.1% APRpaid last 24h +0.021%
Price spread now: Bluefin against Bybit+0.018%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,767.10.0063pay 0.0063% / 8h7h 55m$2.50B$4.58B150x
ShortBluefin ETH-PERP2,767.60.0100get 0.0013% / 1h55m 21s$21K$24K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Bybit. 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
$7.86
Price spread: +0.018% → 0.000%
$1.81
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$8.34
Costs to cover
0.180%
Break-even
14.4 days
Slippage unknown: Bybit: live order book, 4 min ago; Bluefin: 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 Bybit live order book, 4 min ago0.02 bp5.5 bp −$66.5 bp −$657.9 bp −$79511.3 bp −$5,657
Sell Bluefin no order-book sample
Bluefin: 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%1h2,771.6+0.162%$119K$22.5M52xas long as short
ApeX Omni ETHUSDT−0.0362%1h2,770.5+0.123%$8.7M$32.9M100xas long as short
Perpl ETH−0.0223%43m2,768.1+0.036%$284K$6.8M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,766.9−0.007%$5.7M$11.9M25xas long as short
Gate ETH_USDT−0.0093%8h2,766.9−0.010%$3.28B$8.89B200xas long as short
Hotstuff ETH-PERP−0.0080%1h2,768.8+0.060%$5K$1K50xas long as short
SoDEX ETH-USD−0.0032%1h2,767.7+0.021%$55.1M$228.8M40xas long as short
01 Exchange ETHUSD−0.0024%1h2,767.4+0.010%$168K$1.2M50xas long as short
Bullet ETH-USD−0.0019%1h2,766.7−0.014%$182K$1.7M20xas long as short
dYdX ETH-USD0.0000%1h2,769.1+0.069%$12.7M$45.8M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXETHPERP0.0000%8h2,771.4+0.154%$8.1M$690.0M4.9xas long as short
Phoenix ETH+0.0003%1h2,771.4+0.154%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,767.6+0.018%$22.4M200xas long as short
OKX ETH-USDT-SWAP+0.0020%8h2,766.9−0.007%$1.70B$11.77B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0025% / S +0.0009%1h2,767.5+0.013%$12.7M200xas long as short
Aftermath Perps ETHUSD+0.0037%1h2,772.4+0.190%$29K$22K20xas long as short
Aster ETHUSDT+0.0038%8h2,767.3+0.005%$255.5M$1.00B200xas long as short
Deribit ETH-PERPETUAL+0.0050%1h2,769.2+0.074%$259.1M$220.5M50xas long as short
Aevo ETH-PERP+0.0056%1h2,767.8+0.025%$5.0M$366K20xas long as short
MEXC ETH_USDT+0.0057%8h2,766.6−0.018%$1.61B$2.62B500xas long as short
Binance ETHUSDT+0.0058%8h2,766.6−0.018%$6.45B$17.18B150xas long as short
Bybit ETHUSDTlong+0.0063%8h2,767.1long leg$2.50B$4.58B150x
Bitget ETHUSDT+0.0066%8h2,767.8+0.025%$2.10B$3.07B150xas long as short
KuCoin ETHUSDTM+0.0080%8h2,767.2+0.003%$421.8M$734.3M100xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,769.5+0.086%$60.7M$4.57B50xas long as short
Phemex ETHUSDT+0.0082%8h2,769.2+0.074%$269.7M$68.1M150xas long as short
Vest ETH-PERP+0.0094%1h2,768.2+0.037%$1.1M50xas long as short
Lighter ETH+0.0096%1h2,768.3+0.043%$115.0M$455.8M50xas long as short
Lighter RH ETH+0.0096%1h2,770.1+0.106%$25.2M$109.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,767.4+0.008%$15.9M$9.8M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,767.2+0.003%$482K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,768+0.031%$14.6M$118.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,769.6+0.090%$3.16B$2.37B25xas long as short
Pacifica ETH+0.0100%1h2,769.1+0.071%$31.2M$319.4M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,768+0.031%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,768.2+0.038%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.5+0.123%$170.6M$266.1M25xas long as short
BingX ETH-USDT+0.0100%8h2,766.9−0.009%$1.24Bas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,769.7+0.093%$15.2M$44.1M50xas long as short
Variational Omni ETH+0.0100%8h2,771.4+0.155%$151.3M$343.5Mas long as short
edgeX ETHUSDC+0.0100%4h2,769.8+0.097%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.8+0.134%$161.1M$88.7M50xas long as short
StandX ETH-USD+0.0100%1h2,770.1+0.107%$21.4M$58.5M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,767.2+0.003%$10.6M$8.1M50xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,767.6+0.018%$21K$24K25x
Derive ETH-PERP+0.0100%1h2,769.1+0.070%$42.6M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,767.4+0.009%$969K$13.8M100xas long as short
HTX ETH-USDT+0.0100%8h2,768.9+0.064%$1.08B$1.31B200xas long as short
Extended ETH-USD+0.0104%1h2,766.1−0.036%$32.5M$78.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,769.3+0.077%$41.7M500xas long as short
Kraken Futures PF_ETHUSD+0.0134%1h2,769.7+0.093%$94.1M$331.8M100xas long as short
Orderly PERP_ETH_USDC+0.0146%8h2,769.3+0.078%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0177%8h2,770.6+0.124%$286.6M$192.8M150xas long as short
Hibachi ETH/USDT-P+0.0184%1h2,770.2+0.113%$252K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0207%1h2,766.8−0.014%$7.3M$1.2M25xas long as short