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 21:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.010%
Price spread now: Phoenix against Extended−0.032%7-day average +0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on ExtendedShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.155%+$15 · spread now −0.032%, 7d avg +0.144%
Together, before fees+0.153%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.176% cheaper against Extended than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.144%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,774.30.0104pay 0.0013% / 1h25m 10s$31.4M$76.1M50x
ShortPhoenix ETH2,773.4−0.0023pay 0.0003% / 1h25m 10s$798K$3.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
−$26.67
Price spread: −0.032% → +0.144%
−$17.59
Slippage, 4 orders
−$1.7
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$57.96
Costs to cover
0.137%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Phoenix: live order book, 4 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 Extended live order book, 4 min ago0.18 bp2.7 bp −$32.7 bp −$273.7 bp −$36811.9 bp −$5,940
Sell Phoenix live order book, 4 min ago0.18 bp4.0 bp −$48.0 bp −$8016.4 bp −$1,637doesn't fit

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−0.0112%43m2,774.8+0.019%$289K$6.9M8.3xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1−0.295%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.9−0.086%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0056%1h2,775.1+0.030%$172K$1.2M50xas long as short
Phoenix ETHshort−0.0023%1h2,773.4−0.032%$798K$3.7M25x
RISEx ETH/USDC−0.0011%1h2,774.9+0.023%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,775.6+0.049%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,775.4+0.040%$22.4M—200xas long as short
Aftermath Perps ETHUSD+0.0007%1h2,771.1−0.114%$29K$22K20xas long as short
Phemex ETHUSDT+0.0014%8h2,774.5+0.007%$267.2M$66.1M150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,771.4−0.105%$8.8M$32.6M100xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,775+0.026%$1.71B$11.90B100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,775.3+0.036%$13.2M—200xas long as short
Aster ETHUSDT+0.0039%8h2,774.9+0.022%$256.7M$995.9M200xas long as short
MEXC ETH_USDT+0.0045%8h2,774.7+0.015%$1.60B$2.67B500xas long as short
Binance ETHUSDT+0.0047%8h2,774.7+0.015%$6.44B$17.22B150xas long as short
Aevo ETH-PERP+0.0048%1h2,774.3+0.001%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0070%8h2,774.7+0.016%$3.28B$9.65B200xas long as short
Bitget ETHUSDT+0.0073%8h2,774.7+0.016%$2.10B$3.12B150xas long as short
Bullet ETH-USD+0.0082%1h2,774.5+0.008%$185K$1.8M20xas long as short
Variational Omni ETH+0.0092%8h2,774.2−0.004%$140.6M$320.2M—as long as short
Lighter ETH+0.0096%1h2,775.3+0.036%$115.4M$513.5M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.084%$25.4M$122.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,775.3+0.039%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,774.6+0.011%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774.5+0.008%$482K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,774.9+0.024%$14.6M$117.0M50xas long as short
Hyperliquid ETH+0.0100%1h2,777+0.096%$3.20B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,775.4+0.041%$31.2M$287.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,774.7+0.015%$2.51B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,774.1−0.006%$2.9M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,776.8+0.090%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.9−0.301%$164.9M$256.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,774.6+0.012%$424.4M$741.3M100xas long as short
BingX ETH-USDT+0.0100%8h2,774.5+0.007%—$1.18B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.8+0.092%$15.4M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,770.9−0.120%$178.1M$791.8M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,772.8−0.051%$161.3M$97.1M50xas long as short
StandX ETH-USD+0.0100%1h2,774.4+0.005%$21.4M$57.7M40xas long as short
Vest ETH-PERP+0.0100%1h2,775.2+0.035%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776+0.062%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,775.6+0.048%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,777+0.098%$42.7M$29.4M15xas long as short
SunX ETH-USDT+0.0100%8h2,773.7−0.021%$972K$14.2M100xas long as short
SoDEX ETH-USD+0.0100%1h2,774.7+0.015%$55.2M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,774.6+0.011%$1.08B$1.32B200xas long as short
Extended ETH-USDlong+0.0104%1h2,774.3long leg$31.4M$76.1M50x
Coinbase International ETH-PERP-INTX+0.0104%1h2,776.6+0.084%$60.1M$4.63B50xas long as short
Kalshi KXETHPERP+0.0120%8h2,775.9+0.059%$8.5M$672.8M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,777.7+0.122%$32.6M$12.0M100xas long as short
Deribit ETH-PERPETUAL+0.0139%1h2,776.4+0.077%$258.4M$224.8M50xas long as short
BloFin ETH-USDT+0.0167%8h2,774.5+0.007%$285.0M$195.5M150xas long as short
Reya ETHRUSDPERP+0.0182%1h2,774.6+0.011%$7.4M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0240%1h2,776.2+0.069%$86.9M$330.7M100xas long as short
Hibachi ETH/USDT-P+0.0432%1h2,777.3+0.110%$285K$1.5M20xas long as short