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 07:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.018%
Price spread now: Phoenix against HTX−0.059%7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Long on HTXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.059%, 7d avg +0.089%
Together, before fees+0.202%+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.148% cheaper against HTX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.089%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ETH-USDT2,725.40.0100pay 0.0100% / 8h7h 58m$1.05B$1.21B200x
ShortPhoenix ETH2,723.8−0.0015pay 0.0002% / 1h58m 56s$808K$3.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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
−$24.08
Price spread: −0.059% → +0.089%
−$14.76
Slippage, 4 orders
−$1.22
Fee HTX: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$59.06
Costs to cover
0.202%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Phoenix: live order book, 5 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 HTX live order book, 5 min ago0.02 bp6.0 bp −$66.0 bp −$606.7 bp −$6739.6 bp −$4,804
Sell Phoenix live order book, 5 min ago0.18 bp3.8 bp −$47.1 bp −$7116.1 bp −$1,612doesn't fit

ETH on 54 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−0.0447%43m2,725.5+0.005%$274K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.1+0.026%$5K$1K50xas long as short
Phoenix ETHshort−0.0015%1h2,723.8−0.059%$808K$3.0M25x
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.6+0.009%$11.9M—200xas long as short
dYdX ETH-USD0.0000%1h2,725−0.014%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.2+0.029%$6.7M$672.8M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.1+0.026%$264.3M$216.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.8+0.014%$32.9M—200xas long as short
BingX ETH-USDT+0.0016%8h2,727+0.059%—$1.07B—as long as short
01 Exchange ETHUSD+0.0040%1h2,726+0.022%$189K$883K50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0078%8h2,727.9+0.092%$1.65B$10.74B100xas long as short
ApeX Omni ETHUSDT+0.0078%1h2,722.1−0.123%$8.4M$31.3M100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,724.2−0.043%$239K$1.4M20xas long as short
SoDEX ETH-USD+0.0081%1h2,725.2−0.007%$54.3M$182.6M40xas long as short
KuCoin ETHUSDTM+0.0083%8h2,727+0.058%$382.9M$575.8M100xas long as short
Aster ETHUSDT+0.0084%8h2,727.6+0.082%$252.2M$850.9M200xas long as short
MEXC ETH_USDT+0.0093%8h2,727+0.059%$1.58B$2.53B500xas long as short
Aftermath Perps ETHUSD+0.0093%1h2,724.6−0.031%$30K$20K20xas long as short
Binance ETHUSDT+0.0094%8h2,727+0.059%$6.31B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,726.6+0.043%$112.2M$399.5M50xas long as short
Lighter RH ETH+0.0096%1h2,727.3+0.068%$23.4M$95.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,724−0.051%$4.9M$191K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.6+0.226%$15.5M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.1+0.026%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.117%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.2+0.067%$32.1M$332.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,727.6+0.079%$2.31B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725−0.015%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.6+0.042%$1.6M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1+0.063%$3.31B$8.17B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727+0.059%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726+0.021%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,723−0.090%$131.2M$318.7M—as long as short
edgeX ETHUSDC+0.0100%4h2,722.3−0.112%$185.2M$683.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.8−0.060%$158.3M$81.2M50xas long as short
StandX ETH-USD+0.0100%1h2,723.6−0.066%$20.9M$70.0M40xas long as short
Vest ETH-PERP+0.0100%1h2,727.1+0.062%—$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.1+0.062%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.4−0.001%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.4+0.037%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.4+0.074%$40.5M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,724.7−0.024%$955K$10.7M100xas long as short
HTX ETH-USDTlong+0.0100%8h2,725.4long leg$1.05B$1.21B200x
Phemex ETHUSDT+0.0100%8h2,726+0.021%$262.7M$64.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,722.9−0.093%$160.5M$349.9M25xas long as short
Extended ETH-USD+0.0104%1h2,726.2+0.031%$30.4M$71.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.1−0.011%—$30.1M500xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,725.8+0.015%$81.9M$310.4M100xas long as short
BloFin ETH-USDT+0.0107%8h2,725−0.014%$280.6M$177.6M150xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,726.6+0.044%$46.7M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,727.1+0.062%$5.6M$11.6M25xas long as short
Reya ETHRUSDPERP+0.0176%1h2,724.5−0.033%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,727.8+0.088%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.4+0.110%$117K$18.9M52xas long as short