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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.030%
Price spread now: Bluefin against Extended−0.032%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,740.20.0104pay 0.0013% / 1h47m 37s$30.1M$63.7M50x
ShortBluefin ETH-PERP2,739.30.0100get 0.0013% / 1h47m 37s$20K$7K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Extended. 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
−$0.84
Price spread: −0.032% → 0.000%
−$3.17
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$16.01
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago0.18 bp2.7 bp −$32.7 bp −$274.4 bp −$44211.5 bp −$5,751
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 exchanges

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%1h2,742.5+0.084%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0058%1h2,738.1−0.077%$8.2M$25.0M100xas long as short
Hibachi ETH/USDT-P−0.0056%1h2,742.2+0.074%$231K$1.2M20xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,738.7−0.053%$12.2M200xas long as short
Phoenix ETH−0.0009%1h2,738.3−0.069%$816K$2.8M25xas long as short
Kalshi KXETHPERP0.0000%8h2,739.6−0.022%$7.4M$656.5M4.9xas long as short
Perpl ETH0.0000%43m2,739.9−0.011%$267K$5.0M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,739.2−0.038%$33.1M200xas long as short
Bybit ETHUSDT+0.0047%8h2,741.5+0.048%$2.37B$3.77B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,741.9+0.062%$183K$910K50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ETH-USD+0.0069%1h2,739.6−0.021%$15.2M$42.3M50xas long as short
OKX ETH-USDT-SWAP+0.0072%8h2,741.2+0.037%$1.67B$9.02B100xas long as short
KuCoin ETHUSDTM+0.0091%8h2,740.9+0.027%$378.3M$433.6M100xas long as short
SoDEX ETH-USD+0.0096%1h2,739.4−0.029%$61.7M$121.7M40xas long as short
Lighter ETH+0.0096%1h2,740.7+0.019%$113.7M$382.2M50xas long as short
Lighter RH ETH+0.0096%1h2,741.7+0.056%$23.6M$93.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,738.1−0.078%$23.3M500xas long as short
Aevo ETH-PERP+0.0096%1h2,739−0.042%$4.9M$250K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,740.8+0.022%$516K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,738.7−0.053%$14.7M$93.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,742.5+0.084%$3.15B$1.67B25xas long as short
Aster ETHUSDT+0.0100%8h2,741.6+0.052%$255.1M$702.2M200xas long as short
Pacifica ETH+0.0100%1h2,741.1+0.031%$32.1M$322.3M50xas long as short
Binance ETHUSDT+0.0100%8h2,741.5+0.047%$6.41B$13.68B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,740.1−0.004%$2.8M$14.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,742.2+0.072%$1.6M$14.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,743.8+0.132%$163.0M$315.0M25xas long as short
Gate ETH_USDT+0.0100%8h2,741.6+0.050%$3.27B$7.62B200xas long as short
MEXC ETH_USDT+0.0100%8h2,740.8+0.022%$1.60B$2.29B500xas long as short
Bitget ETHUSDT+0.0100%8h2,741.2+0.037%$2.11B$2.26B150xas long as short
BingX ETH-USDT+0.0100%8h2,741.2+0.035%$936.6Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,739−0.044%$14.9M$35.5M50xas long as short
Variational Omni ETH+0.0100%8h2,738.7−0.054%$133.6M$273.6Mas long as short
edgeX ETHUSDC+0.0100%4h2,736.9−0.122%$184.1M$557.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,735.1−0.187%$159.0M$69.8M50xas long as short
StandX ETH-USD+0.0100%1h2,741.8+0.058%$21.1M$76.3M40xas long as short
Vest ETH-PERP+0.0100%1h2,739.1−0.041%$316K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,739.3−0.033%$11.2M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,738.3−0.068%$176K$1.6M20xas long as short
Bluefin ETH-PERPshort+0.0100%1h2,739.3−0.032%$20K$7K25x
Derive ETH-PERP+0.0100%1h2,741.3+0.041%$40.9M$25.7M15xas long as short
SunX ETH-USDT+0.0100%8h2,739−0.043%$944K$8.2M100xas long as short
Deribit ETH-PERPETUAL+0.0100%1h2,740.8+0.022%$267.6M$181.2M50xas long as short
HTX ETH-USDT+0.0100%8h2,739.3−0.032%$1.05B$992.5M200xas long as short
Phemex ETHUSDT+0.0100%8h2,739.7−0.019%$262.8M$56.2M150xas long as short
Extended ETH-USDlong+0.0104%1h2,740.2long leg$30.1M$63.7M50x
Aftermath Perps ETHUSD+0.0110%1h2,740.5+0.010%$30K$8K20xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,741+0.029%$47.6M$3.88B50xas long as short
Kraken Futures PF_ETHUSD+0.0120%1h2,740.20.000%$82.5M$265.1M100xas long as short
Reya ETHRUSDPERP+0.0145%1h2,736.9−0.121%$7.3M$854K25xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,741.7+0.056%$32.4M$9.9M100xas long as short
RISEx ETH/USDC+0.0342%1h2,742.5+0.085%$5.7M$10.3M25xas long as short
BloFin ETH-USDT+0.0400%8h2,735.7−0.163%$284.9M$146.7M150xas long as short
Paradex ETH-USD-PERP+0.0437%8h2,743.2+0.110%$15.7M$6.1M50xas long as short
Injective ETH/USDC PERP+0.0477%1h2,743.2+0.110%$118K$25.2M52xas long as short