data as of
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Price arb /

ETH

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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.

After costs, if the gap returns to its 7d average, $10k−$22
spread now−0.061%7d average−0.032%fees + slippage, in and out−$19spread needed0.189%
Long on PhemexShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ETHUSDT2,748.70.0035pay 0.0035% / 8h5h 35m$265.3M$64.9M150x
ShortExtended ETH-USD2,7470.0104get 0.0013% / 1h35m 22s$31.6M$75.1M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.15
Funding while held
$2.06
Slippage, 4 orders
−$1.85
Fee Phemex: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$22.94
Spread needed to break even
0.189%
Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0069%
Per $10,000 a day
+$2.06
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago0.75 bp6.7 bp −$710.1 bp −$10112.9 bp −$1,29018.1 bp −$9,027
Sell Extended live order book, 5 min ago0.18 bp2.7 bp −$32.7 bp −$274.9 bp −$48713.7 bp −$6,844

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Aevo2,746.5cheapest
Extended2,747+0.018%
Gate2,747+0.020%Aster2,747.1+0.023%Injective2,747.3+0.030%Bullet2,747.3+0.032%MEXC2,747.4+0.033%Ondo Perps2,747.4+0.034%Bitget2,747.4+0.034%Bybit2,747.6+0.040%Binance2,747.7+0.043%OKX2,747.7+0.045%KuCoin2,747.7+0.046%BingX2,747.7+0.046%Perpl2,747.8+0.049%Arcus2,747.8+0.050%Lighter2,747.9+0.050%Reya2,748+0.054%Pacifica2,748+0.056%Katana Perps2,748+0.056%BloFin2,748+0.057%Nado2,748.1+0.058%01 Exchange2,748.1+0.059%RISEx2,748.2+0.062%Hotstuff2,748.3+0.066%SoDEX2,748.3+0.066%Vest2,748.4+0.071%
Phemex2,748.7+0.079%
gTrade (Gains Network)2,748.7+0.080%Variational Omni2,748.7+0.081%Lighter RH2,748.7+0.082%Backpack2,748.9+0.089%Jupiter Perps2,749+0.092%Phoenix2,749+0.092%SunX2,749.1+0.096%HTX2,749.2+0.099%dYdX2,749.4+0.105%GMX2,749.4+0.107%Hibachi2,749.4+0.108%Bluefin2,749.6+0.114%Polymarket Perps2,749.8+0.121%Aftermath Perps2,749.8+0.122%Kalshi2,749.9+0.125%edgeX2,750+0.127%StandX2,750.1+0.132%Kraken Futures2,750.2+0.135%Hyperliquid2,750.3+0.139%Coinbase International2,750.4+0.143%ApeX Omni2,750.5+0.145%Deribit2,750.5+0.147%Derive2,751+0.167%Bulk2,751.1+0.169%Orderly2,751.4+0.180%Paradex2,751.5+0.183%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo ETH-PERP−0.079%+0.0048%1h$5.0M$671K20xas long as short
Extended ETH-USDshort−0.061%+0.0104%1h$31.6M$75.1M50x
Gate ETH_USDT−0.060%+0.0062%8h$3.35B$8.95B200xas long as short
Aster ETHUSDT−0.056%+0.0091%8h$267.1M$934.3M200xas long as short
Injective ETH/USDC PERP−0.049%−0.0004%1h$118K$22.5M52xas long as short
Bullet ETH-USD−0.048%+0.0028%1h$193K$1.8M20xas long as short
MEXC ETH_USDT−0.046%+0.0051%8h$1.57B$2.39B500xas long as short
Ondo Perps ETH-USD.P−0.045%+0.0100%1h$2.9M$14.9M25xas long as short
Bitget ETHUSDT−0.045%+0.0085%8h$2.11B$2.96B150xas long as short
Bybit ETHUSDT−0.039%+0.0100%8h$2.50B$4.33B150xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ETHUSDT−0.036%+0.0051%8h$6.54B$15.91B150xas long as short
OKX ETH-USDT-SWAP−0.034%+0.0015%8h$1.73B$11.03B100xas long as short
KuCoin ETHUSDTM−0.033%+0.0100%8h$428.6M$682.6M100xas long as short
BingX ETH-USDT−0.033%+0.0100%8h—$1.06B—as long as short
Perpl ETH−0.030%−0.0112%43m$292K$6.4M8.3xas long as short
Arcus ETH-USD−0.029%+0.0100%1h$2.7M$16.0M25xas long as short
Lighter ETH−0.029%+0.0096%1h$115.8M$480.8M50xas long as short
Reya ETHRUSDPERP−0.025%+0.0206%1h$7.3M$860K25xas long as short
Pacifica ETH−0.024%+0.0100%1h$31.0M$245.0M50xas long as short
Katana Perps ETH-USD−0.024%+0.0100%8h$475K$2.4M50xas long as short
BloFin ETH-USDT−0.022%+0.0173%8h$290.6M$175.7M150xas long as short
Nado ETH-PERP−0.021%+0.0100%1h$17.2M$111.0M50xas long as short
01 Exchange ETHUSD−0.020%0.0000%1h$180K$1.2M50xas long as short
RISEx ETH/USDC−0.018%+0.0083%1h$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.013%−0.0080%1h$5K$2K50xas long as short
SoDEX ETH-USD−0.013%−0.0013%1h$55.5M$162.3M40xas long as short
Vest ETH-PERP−0.008%+0.0100%1h—$1.0M50xas long as short
Phemex ETHUSDTlong0.000%+0.0035%8h$265.3M$64.9M150x
gTrade (Gains Network) ETH/USD0.000%L +0.0006% / S −0.0006%1h$22.2M—200xas long as short
Variational Omni ETH+0.002%+0.0100%8h$145.7M$307.5M—as long as short
Lighter RH ETH+0.003%+0.0096%1h$25.4M$119.6M50xas long as short
Backpack ETH_USDC_PERP+0.010%+0.0100%1h$15.2M$41.0M50xas long as short
Jupiter Perps ETH-PERP+0.012%L +0.0096% / S +0.0048%1h—$43.2M500xas long as short
Phoenix ETH+0.013%+0.0073%1h$1.2M$2.5M25xas long as short
SunX ETH-USDT+0.017%+0.0100%8h$964K$14.1M100xas long as short
HTX ETH-USDT+0.020%+0.0100%8h$1.08B$1.21B200xas long as short
dYdX ETH-USD+0.026%0.0000%1h$13.0M$41.5M50xas long as short
GMX ETH/USD [ETH-USDC]+0.028%L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
Hibachi ETH/USDT-P+0.028%+0.0240%1h$285K$1.4M20xas long as short
Bluefin ETH-PERP+0.035%+0.0100%1h$21K$25K25xas long as short
Polymarket Perps ETH-USD+0.042%+0.0100%1h$11.4M$6.7M50xas long as short
Aftermath Perps ETHUSD+0.043%+0.0132%1h$29K$19K20xas long as short
Kalshi KXETHPERP+0.045%+0.0136%8h$9.6M$607.4M4.9xas long as short
edgeX ETHUSDC+0.047%+0.0100%4h$179.2M$739.8M100xas long as short
StandX ETH-USD+0.053%+0.0100%1h$21.2M$51.6M40xas long as short
Kraken Futures PF_ETHUSD+0.056%+0.0162%1h$84.9M$321.5M100xas long as short
Hyperliquid ETH+0.060%+0.0100%1h$3.21B$2.15B25xas long as short
Coinbase International ETH-PERP-INTX+0.064%+0.0136%1h$59.7M$4.52B50xas long as short
ApeX Omni ETHUSDT+0.066%+0.0057%1h$8.2M$28.0M100xas long as short
Deribit ETH-PERPETUAL+0.067%+0.0066%1h$258.3M$204.1M50xas long as short
Derive ETH-PERP+0.087%+0.0100%1h$42.4M$29.4M15xas long as short
Bulk ETH-USD+0.089%−0.0002%1h$158.7M$274.3M25xas long as short
Orderly PERP_ETH_USDC+0.101%+0.0130%8h$32.2M$10.8M100xas long as short
Paradex ETH-USD-PERP+0.104%+0.0100%8h$14.6M$10.8M50xas long as short