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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment $0.17 per $10,000 · paid last 24h +0.017%
Price spread now: KuCoin against OKX0.000%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.006%
Together, before fees−0.005%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ETH-USDT-SWAP2,728.60.0087pay 0.0087% / 8h1h 30m$1.65B$10.91B100x
ShortKuCoin ETHUSDTM2,728.60.0070get 0.0070% / 8h1h 30m$375.1M$576.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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
−$3.54
Price spread: 0.000% → +0.006%
−$0.6
Slippage, 4 orders
−$0.24
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.38
Costs to cover
0.222%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 9 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 OKX live order book, 4 min ago0.02 bp5.0 bp −$55.0 bp −$505.9 bp −$5867.9 bp −$3,966
Sell KuCoin live order book, 9 min ago0.02 bp6.2 bp −$68.3 bp −$8310.9 bp −$1,095doesn'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%43m2,728.2−0.016%$288K$5.8M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,728.60.000%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0064%1h2,727.5−0.041%$8.6M$31.5M100xas long as short
Injective ETH/USDC PERP−0.0040%1h2,727.6−0.036%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,728.6−0.001%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,725.7−0.106%$811K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,728.9+0.012%$10.5M$42.9M50xas long as short
Kalshi KXETHPERP0.0000%8h2,728.7+0.004%$6.6M$686.9M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.5+0.033%$262.7M$214.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,728.5−0.003%$32.9M200xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0011%8h2,728.4−0.008%$1.05B$1.23B200xas long as short
01 Exchange ETHUSD+0.0016%1h2,728.2−0.014%$191K$893K50xas long as short
BingX ETH-USDC+0.0026%8h2,727.7−0.032%$18.6Mas long as short
Bybit ETHUSDT+0.0031%8h2,728.60.000%$2.34B$4.41B150xas long as short
KuCoin ETHUSDTMshort+0.0070%8h2,728.60.000%$375.1M$576.8M100x
Aster ETHUSDT+0.0081%8h2,728.5−0.002%$252.2M$848.4M200xas long as short
SoDEX ETH-USD+0.0083%1h2,728.60.000%$54.3M$187.3M40xas long as short
SunX ETH-USDT+0.0087%8h2,728.2−0.015%$958K$11.0M100xas long as short
OKX ETH-USDT-SWAPlong+0.0087%8h2,728.6long leg$1.65B$10.91B100x
Aevo ETH-PERP+0.0088%1h2,726−0.094%$4.9M$171K20xas long as short
MEXC ETH_USDT+0.0089%8h2,728.7+0.005%$1.53B$2.59B500xas long as short
Binance ETHUSDT+0.0090%8h2,728.7+0.005%$6.33B$16.14B150xas long as short
Aftermath Perps ETHUSD+0.0091%1h2,727.6−0.036%$30K$20K20xas long as short
Lighter ETH+0.0096%1h2,729.2+0.022%$112.1M$434.3M50xas long as short
Lighter RH ETH+0.0096%1h2,730.5+0.069%$23.5M$103.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,727.9−0.025%$510K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.7+0.112%$15.3M$7.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,727.8−0.028%$14.1M$105.1M50xas long as short
Hyperliquid ETH+0.0100%1h2,730.6+0.074%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,728.7+0.004%$31.9M$333.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,727.3−0.047%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,728.6−0.001%$1.5M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.7+0.003%$3.30B$8.98B200xas long as short
Bitget ETHUSDT+0.0100%8h2,728.7+0.002%$2.08B$2.77B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,728.2−0.015%$15.1M$41.8M50xas long as short
Variational Omni ETH+0.0100%8h2,727.4−0.044%$133.8M$323.8Mas long as short
edgeX ETHUSDC+0.0100%4h2,726−0.094%$184.9M$681.9M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,727.5−0.042%$158.5M$86.9M50xas long as short
StandX ETH-USD+0.0100%1h2,727.2−0.051%$21.0M$69.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,729.5+0.034%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,729.2+0.022%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,728.3−0.011%$179K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,728.7+0.004%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.3−0.048%$40.9M$30.3M15xas long as short
Phemex ETHUSDT+0.0100%8h2,728.7+0.003%$263.0M$64.7M150xas long as short
Bulk ETH-USD+0.0100%1h2,726.2−0.087%$161.6M$349.5M25xas long as short
Extended ETH-USD+0.0104%1h2,727.9−0.026%$30.4M$73.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,728.8+0.006%$30.5M500xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.3+0.063%$49.8M$4.31B50xas long as short
RISEx ETH/USDC+0.0115%1h2,728.5−0.003%$5.6M$11.6M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,731.1+0.092%$32.2M$11.4M100xas long as short
Reya ETHRUSDPERP+0.0191%1h2,727.5−0.038%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.3+0.028%$82.3M$312.5M100xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,729.3+0.025%$245K$1.4M20xas long as short
BloFin ETH-USDT+0.0358%8h2,728.3−0.012%$281.9M$175.4M150xas long as short