Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: edgeX against Ondo Perps−0.012%54s7-day average −0.019% · you buy dearer than you sell

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.544%+$54 · spread now −0.012%, 7d avg −0.019%

Together, before fees+0.547%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$55 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ETH-USD.P	2,739.4	0.0100	pay 0.0013% / 1h	48m 38s	$2.8M	$14.0M	25x
Short	edgeX ETHUSDC	2,739.1	0.0100	get 0.0050% / 4h	48m 38s	$184.3M	$557.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.019%: $0.62
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.38
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	0.07 bp	4.9 bp −$5	4.9 bp −$49	5.1 bp −$506	6.3 bp −$3,126

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,742.5	+0.113%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,742.2	+0.103%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,735.5	−0.142%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,738.3	−0.040%	$816K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,737.5	−0.069%	$7.4M	$656.2M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,737.9	−0.055%	$264K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,734.3	−0.188%	$33.0M	—	200x	as long as short
Bybit ETHUSDT	+0.0047%	8h	2,740.3	+0.033%	$2.37B	$3.78B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,739.2	−0.007%	$183K	$910K	50x	as long as short
ApeX Omni ETHUSDT	+0.0062%	1h	2,739.1	−0.011%	$8.2M	$25.0M	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETH-PERPETUAL	+0.0068%	1h	2,736.4	−0.109%	$267.1M	$180.5M	50x	as long as short
OKX ETH-USDT-SWAP	+0.0072%	8h	2,740.3	+0.032%	$1.67B	$9.02B	100x	as long as short
dYdX ETH-USD	+0.0076%	1h	2,740	+0.022%	$15.2M	$42.4M	50x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,740.4	+0.036%	$378.2M	$433.6M	100x	as long as short
SoDEX ETH-USD	+0.0095%	1h	2,737.4	−0.073%	$61.6M	$121.7M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,740.7	+0.046%	$113.7M	$382.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,742	+0.093%	$23.5M	$93.6M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,737.9	−0.055%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,735	−0.160%	$4.9M	$250K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,737.5	−0.069%	$514K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,735.9	−0.128%	$14.7M	$93.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,742	+0.095%	$3.15B	$1.67B	25x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,740.4	+0.036%	$255.0M	$702.1M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,741.2	+0.066%	$32.1M	$322.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,740.2	+0.028%	$6.41B	$13.68B	150x	as long as short
Ondo Perps ETH-USD.Plong	+0.0100%	1h	2,739.4	long leg	$2.8M	$14.0M	25x
Arcus ETH-USD	+0.0100%	1h	2,739.9	+0.019%	$1.6M	$14.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.8	+0.161%	$163.0M	$315.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.9	−0.018%	$3.27B	$7.61B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,740.4	+0.035%	$1.60B	$2.29B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,739.2	−0.006%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,739.5	+0.004%	—	$936.4M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,735.9	−0.127%	$14.9M	$35.1M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.7	−0.025%	$133.6M	$273.6M	—	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,739.1	−0.012%	$184.3M	$557.1M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.4	−0.001%	$159.2M	$69.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.8	+0.088%	$21.1M	$76.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.1	−0.010%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,738.9	−0.018%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,735.8	−0.131%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,734.3	−0.188%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,737.1	−0.085%	$40.8M	$25.7M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,735.1	−0.158%	$943K	$8.2M	100x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,735.6	−0.141%	$1.05B	$992.6M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,737.1	−0.086%	$262.6M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737.6	−0.064%	$30.2M	$63.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,741	+0.058%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,737.2	−0.082%	$47.5M	$3.87B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0121%	1h	2,736.1	−0.122%	$82.4M	$265.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0145%	1h	2,736.7	−0.098%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDC	+0.0189%	8h	2,737.2	−0.080%	$32.3M	$9.9M	100x	as long as short
RISEx ETH/USDC	+0.0342%	1h	2,739.2	−0.008%	$5.7M	$10.4M	25x	as long as short
BloFin ETH-USDT	+0.0400%	8h	2,735.7	−0.134%	$284.9M	$146.7M	150x	as long as short
Paradex ETH-USD-PERP	+0.0442%	8h	2,742.4	+0.109%	$15.7M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,743.2	+0.139%	$118K	$25.2M	52x	as long as short