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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.016%
Price spread now: BingX against Deribit−0.104%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Long on DeribitShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.104% cheaper against Deribit than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ETH-PERPETUAL2,777.20.0045pay 0.0006% / 1h59m 41s$259.1M$222.1M50x
ShortBingX ETH-USDT2,774.30.0088get 0.0088% / 8h7h 59m—$1.24B—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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
$9.03
Price spread: −0.104% → 0.000%
−$10.37
Slippage, 4 orders
−$1.05
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$19.39
Costs to cover
0.180%
Break-even
22.0 days
Slippage from Deribit: live order book, 4 min ago; BingX: live order book, 14 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 Deribit live order book, 4 min ago0.09 bp3.6 bp −$45.7 bp −$5711.5 bp −$1,15120.8 bp −$10.4K
Sell BingX live order book, 14 min ago0.04 bp5.0 bp −$55.0 bp −$505.5 bp −$5456.4 bp −$3,220

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−0.0223%43m2,775.6−0.056%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,774.8−0.085%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.543%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.3−0.031%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0008%1h2,776−0.042%$168K$1.2M50xas long as short
ApeX Omni ETHUSDT−0.0007%1h2,775.8−0.051%$8.7M$32.9M100xas long as short
dYdX ETH-USD0.0000%1h2,775.8−0.049%$12.7M$45.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,776.7−0.017%$8.1M$689.2M4.9xas long as short
Phoenix ETH+0.0003%1h2,776−0.042%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.7−0.018%$22.4M—200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0020%8h2,773.6−0.129%$1.71B$11.89B100xas long as short
Phemex ETHUSDT+0.0023%8h2,775.5−0.060%$270.4M$68.6M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.5−0.025%$12.9M—200xas long as short
SoDEX ETH-USD+0.0027%1h2,775.6−0.057%$55.3M$228.8M40xas long as short
Bullet ETH-USD+0.0032%1h2,775.6−0.055%$182K$1.7M20xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,774.1−0.109%$29K$22K20xas long as short
Aster ETHUSDT+0.0037%8h2,774.9−0.082%$256.2M$1.00B200xas long as short
Deribit ETH-PERPETUALlong+0.0045%1h2,777.2long leg$259.1M$222.1M50x
MEXC ETH_USDT+0.0056%8h2,774.5−0.096%$1.62B$2.61B500xas long as short
Aevo ETH-PERP+0.0056%1h2,773.4−0.135%$5.0M$636K20xas long as short
Binance ETHUSDT+0.0057%8h2,774.4−0.098%$6.47B$17.28B150xas long as short
Bitget ETHUSDT+0.0065%8h2,774.4−0.102%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,775−0.079%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,775.5−0.061%$423.2M$738.8M100xas long as short
BingX ETH-USDTshort+0.0088%8h2,774.3−0.104%—$1.24B—
Coinbase International ETH-PERP-INTX+0.0088%1h2,777.3+0.005%$60.8M$4.60B50xas long as short
Nado ETH-PERP+0.0090%1h2,775.3−0.068%$14.4M$118.2M50xas long as short
HTX ETH-USDT+0.0095%8h2,775.7−0.053%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.9−0.082%$115.2M$455.1M50xas long as short
Lighter RH ETH+0.0096%1h2,776−0.043%$25.3M$109.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.1−0.040%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.7−0.089%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,775.7−0.053%$483K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,777.3+0.005%$3.18B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,775.2−0.072%$31.3M$319.4M50xas long as short
Bybit ETHUSDT+0.0100%8h2,773.9−0.117%$2.51B$4.62B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774−0.114%$2.8M$17.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,775.3−0.067%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.280%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,775.8−0.049%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,773.8−0.120%$151.5M$345.4M—as long as short
edgeX ETHUSDC+0.0100%4h2,775−0.079%$182.2M$785.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.249%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,774.6−0.093%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.1−0.039%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,800.9+0.856%$22K$24K25xas long as short
Derive ETH-PERP+0.0100%1h2,778.2+0.039%$42.8M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,775−0.078%$974K$13.9M100xas long as short
Extended ETH-USD+0.0104%1h2,774.8−0.084%$32.5M$78.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6−0.020%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,777−0.005%$90.8M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0145%8h2,778.4+0.042%$32.7M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,776.5−0.024%$287.4M$193.9M150xas long as short
Hibachi ETH/USDT-P+0.0192%1h2,776.3−0.033%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6−0.056%$7.4M$1.2M25xas long as short