Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Vest against edgeX+0.074%63s7-day average +0.050% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.074%, 7d avg +0.050%

Together, before fees−0.032%+ Points / potential airdropedgeX: Active · Vest: Active · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.024% dearer against edgeX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ETHUSDC	2,770.5	0.0100	pay 0.0050% / 4h	2h 07m	$179.5M	$782.5M	100x
Short	Vest ETH-PERP	2,772.5	0.0100	get 0.0013% / 1h	7m 52s	—	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against edgeX. 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

Position, each leg$Hold fordaysFee edgeXbpFee VestbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.050%: $2.37
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$8.63
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 1 min ago	0.07 bp	4.9 bp −$5	4.9 bp −$49	5.1 bp −$508	6.5 bp −$3,248
Sell Vest no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,771.6	+0.039%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.206%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.4	+0.069%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,772.1	+0.058%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,772.2	+0.061%	$885K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,772.5	+0.072%	$5.7M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.7	+0.045%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	0.0000%	1h	2,773.4	+0.105%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.9	+0.086%	$22.4M	—	200x	as long as short
OKX ETH-USDT-SWAP	+0.0023%	8h	2,771.9	+0.050%	$1.71B	$11.90B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ETHUSDT	+0.0027%	8h	2,772.4	+0.069%	$267.0M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.8	+0.084%	$13.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0033%	1h	2,770.3	−0.007%	$8.7M	$32.6M	100x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,772	+0.055%	$256.4M	$995.5M	200x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,769.9	−0.021%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0050%	8h	2,772.3	+0.064%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,772.3	+0.065%	$6.44B	$17.23B	150x	as long as short
Bitget ETHUSDT	+0.0075%	8h	2,772.2	+0.061%	$2.10B	$3.13B	150x	as long as short
Gate ETH_USDT	+0.0076%	8h	2,772.1	+0.059%	$3.28B	$9.70B	200x	as long as short
Bullet ETH-USD	+0.0080%	1h	2,772	+0.054%	$184K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,772.7	+0.080%	$114.8M	$515.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,774.1	+0.129%	$25.4M	$123.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.5	+0.073%	—	$41.8M	500x	as long as short
Variational Omni ETH	+0.0097%	8h	2,770.2	−0.010%	$140.7M	$320.5M	—	as long as short
HTX ETH-USDT	+0.0099%	8h	2,771.5	+0.035%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,771.8	+0.048%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,772.2	+0.061%	$486K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,771.7	+0.045%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,773.7	+0.116%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,772.6	+0.076%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,772.1	+0.056%	$2.51B	$4.63B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,771.5	+0.036%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,774.1	+0.129%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	+0.002%	$164.9M	$252.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,772.1	+0.059%	$422.2M	$742.4M	100x	as long as short
BingX ETH-USDC	+0.0100%	8h	2,772	+0.054%	—	$17.3M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.4	+0.070%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDClong	+0.0100%	4h	2,770.5	long leg	$179.5M	$782.5M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,770.9	+0.016%	$161.2M	$97.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,772.2	+0.061%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERPshort	+0.0100%	1h	2,772.5	+0.074%	—	$1.1M	50x
Polymarket Perps ETH-USD	+0.0100%	1h	2,773.6	+0.112%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.2	+0.062%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.5	+0.143%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.4	+0.032%	$972K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,772.1	+0.058%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771.7	+0.045%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,773.9	+0.122%	$59.9M	$4.63B	50x	as long as short
Kalshi KXETHPERP	+0.0114%	8h	2,772.9	+0.087%	$8.5M	$674.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,774.9	+0.158%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0136%	1h	2,773.9	+0.123%	$258.5M	$225.2M	50x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,771	+0.017%	$286.0M	$195.6M	150x	as long as short
Reya ETHRUSDPERP	+0.0185%	1h	2,772.1	+0.059%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773.5	+0.107%	$86.4M	$331.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0464%	1h	2,772.8	+0.085%	$281K	$1.5M	20x	as long as short