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−0.0081%/8h= −8.8% APRnext payment $0.81 per $10,000 · paid last 24h −0.003%
Price spread now: HTX against SunX+0.009%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.234% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.009%, 7d avg +0.003%
Together, before fees−0.023%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,728.70.0090pay 0.0090% / 8h1h 54m$957K$11.1M100x
ShortHTX ETH-USDT2,7290.0009get 0.0009% / 8h1h 54m$1.05B$1.22B200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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
−$16.97
Price spread: +0.009% → +0.003%
$0.59
Slippage, 4 orders
−$3.37
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$39.74
Costs to cover
0.234%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; HTX: 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 SunX live order book, 4 min ago1.66 bp5.7 bp −$65.7 bp −$577.5 bp −$75510.8 bp −$5,422
Sell HTX live order book, 4 min ago0.02 bp6.0 bp −$66.0 bp −$607.8 bp −$77611.6 bp −$5,776

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%43m2,730+0.047%$291K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,733.9+0.190%$5K$1K50xas long as short
Injective ETH/USDC PERP−0.0040%1h2,731.5+0.102%$117K$22.5M52xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,729.5+0.028%$12.0M200xas long as short
Phoenix ETH−0.0009%1h2,732.8+0.150%$816K$3.0M25xas long as short
dYdX ETH-USD0.0000%1h2,730+0.049%$10.5M$42.9M50xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,729.9+0.042%$261.0M$212.2M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,729.7+0.037%$32.9M200xas long as short
HTX ETH-USDTshort+0.0009%8h2,729+0.009%$1.05B$1.22B200x
ApeX Omni ETHUSDT+0.0027%1h2,731.3+0.096%$8.7M$31.5M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ETH-USDC+0.0034%8h2,727.7−0.038%$18.6Mas long as short
01 Exchange ETHUSD+0.0040%1h2,730.1+0.051%$190K$891K50xas long as short
Bybit ETHUSDT+0.0042%8h2,728−0.028%$2.34B$4.42B150xas long as short
KuCoin ETHUSDTM+0.0078%8h2,728.7+0.001%$374.7M$576.5M100xas long as short
SoDEX ETH-USD+0.0078%1h2,729+0.011%$54.4M$187.5M40xas long as short
Aftermath Perps ETHUSD+0.0085%1h2,733.1+0.161%$30K$20K20xas long as short
SunX ETH-USDTlong+0.0090%8h2,728.7long leg$957K$11.1M100x
Aster ETHUSDT+0.0093%8h2,728.3−0.015%$252.4M$849.4M200xas long as short
OKX ETH-USDT-SWAP+0.0094%8h2,727.9−0.029%$1.66B$10.93B100xas long as short
Lighter ETH+0.0096%1h2,729.7+0.036%$112.2M$430.9M50xas long as short
Lighter RH ETH+0.0096%1h2,731.1+0.089%$23.5M$102.7M50xas long as short
Aevo ETH-PERP+0.0096%1h2,726.7−0.074%$4.9M$156K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,729.4+0.025%$507K$3.5M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,734.8+0.221%$15.3M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,729.2+0.017%$14.0M$105.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,731.4+0.099%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,731.4+0.100%$32.0M$334.2M50xas long as short
Binance ETHUSDT+0.0100%8h2,728.5−0.009%$6.33B$16.17B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,729.2+0.018%$2.7M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,730.3+0.059%$1.5M$16.2M25xas long as short
Bulk ETH-USD+0.0100%1h2,735+0.230%$163.2M$327.7M25xas long as short
Gate ETH_USDT+0.0100%8h2,728.2−0.019%$3.28B$8.92B200xas long as short
MEXC ETH_USDT+0.0100%8h2,728.4−0.012%$1.52B$2.57B500xas long as short
Bitget ETHUSDT+0.0100%8h2,728.6−0.006%$2.08B$2.79B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,729.1+0.014%$15.1M$42.6M50xas long as short
Variational Omni ETH+0.0100%8h2,729.3+0.023%$134.0M$326.1Mas long as short
edgeX ETHUSDC+0.0100%4h2,731.9+0.117%$185.3M$680.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,730.6+0.071%$158.7M$87.7M50xas long as short
StandX ETH-USD+0.0100%1h2,730.1+0.051%$21.0M$70.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,731.2+0.090%$879K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,730.7+0.073%$11.2M$9.5M50xas long as short
Bullet ETH-USD+0.0100%1h2,730.1+0.049%$181K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,730.2+0.055%$22K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,730.9+0.082%$40.9M$30.2M15xas long as short
Phemex ETHUSDT+0.0100%8h2,729.5+0.029%$263.1M$65.1M150xas long as short
Extended ETH-USD+0.0104%1h2,727.8−0.034%$30.3M$74.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,730+0.048%$30.6M500xas long as short
Kalshi KXETHPERP+0.0108%8h2,730.4+0.062%$6.8M$692.9M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0112%1h2,730.5+0.065%$50.2M$4.32B50xas long as short
RISEx ETH/USDC+0.0115%1h2,730.2+0.054%$5.6M$11.8M25xas long as short
Orderly PERP_ETH_USDC+0.0187%8h2,731.6+0.106%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0195%1h2,728.5−0.008%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0211%1h2,729.9+0.045%$83.4M$311.3M100xas long as short
Hibachi ETH/USDT-P+0.0280%1h2,732.3+0.130%$248K$1.4M20xas long as short
BloFin ETH-USDT+0.0400%8h2,729.3+0.023%$281.5M$175.2M150xas long as short