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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0123%/8h= +13.4% APRpaid last 24h +0.013%
Price spread now: Reya against SunX−0.014%7-day average 0.000% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.053%+$5 on $10k
Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.014%, 7d avg 0.000%
Together, before fees+0.115%+ Points / potential airdropReya: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ETH-USDT2,748.10.0100pay 0.0100% / 8h6h 03m$964K$12.1M100x
ShortReya ETHRUSDPERP2,747.70.0223get 0.0028% / 1h3m 14s$7.3M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$25.77
Price spread: −0.014% → 0.000%
−$1.4
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$10.37
Costs to cover
0.140%
Break-even
4.2 days
Slippage unknown: SunX: live order book, 6 min ago; Reya: no order-book sample. Net counts fees only.

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, 6 min ago4.30 bp36.2 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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 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−0.0112%43m2,749+0.032%$311K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,749.1+0.037%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,749.1+0.039%$5.7M$11.2M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,748.10.000%$12.1M200xas long as short
Phoenix ETH−0.0006%1h2,748.4+0.012%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,749.4+0.048%$10.8M$42.0M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,748.7+0.023%$22.2M200xas long as short
01 Exchange ETHUSD+0.0040%1h2,749.7+0.059%$182K$988K50xas long as short
BingX ETH-USDC+0.0041%8h2,747.6−0.018%$18.5Mas long as short
OKX ETH-USDT-SWAP+0.0052%8h2,748.2+0.005%$1.70B$10.71B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ETHUSDTM+0.0067%8h2,748.6+0.018%$369.3M$605.1M100xas long as short
Aster ETHUSDT+0.0073%8h2,748.1+0.002%$253.2M$848.7M200xas long as short
ApeX Omni ETHUSDT+0.0077%1h2,745.4−0.096%$8.7M$31.4M100xas long as short
Aevo ETH-PERP+0.0080%1h2,747.5−0.020%$4.9M$167K20xas long as short
MEXC ETH_USDT+0.0081%8h2,748−0.002%$1.59B$2.59B500xas long as short
HTX ETH-USDT+0.0081%8h2,748.6+0.017%$1.06B$1.18B200xas long as short
Binance ETHUSDT+0.0082%8h2,748.3+0.010%$6.39B$15.96B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,750.2+0.078%$58.8M$4.30B50xas long as short
Lighter ETH+0.0096%1h2,749.2+0.041%$113.1M$445.5M50xas long as short
Lighter RH ETH+0.0096%1h2,749.9+0.068%$24.8M$108.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,748.2+0.005%$31.0M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,753.2+0.185%$16.2M$8.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,748.2+0.005%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,749.1+0.036%$14.0M$108.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,750+0.070%$3.13B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,749.2+0.041%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,748.3+0.007%$2.47B$4.24B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,748.4+0.012%$2.7M$16.9M25xas long as short
Arcus ETH-USD+0.0100%1h2,749.5+0.053%$2.8M$16.4M25xas long as short
Gate ETH_USDT+0.0100%8h2,748.9+0.029%$3.40B$8.95B200xas long as short
Bitget ETHUSDT+0.0100%8h2,747.8−0.012%$2.08B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,747.3−0.029%$15.0M$41.4M50xas long as short
Variational Omni ETH+0.0100%8h2,746.2−0.069%$132.8M$343.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,745.3−0.102%$181.9M$700.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1−0.036%$159.7M$82.2M50xas long as short
StandX ETH-USD+0.0100%1h2,748.9+0.030%$21.3M$69.1M40xas long as short
Vest ETH-PERP+0.0100%1h2,749.5+0.051%$849K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,748.9+0.030%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,747.7−0.015%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,749.1+0.036%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,750.6+0.092%$41.7M$29.6M15xas long as short
SunX ETH-USDTlong+0.0100%8h2,748.1long leg$964K$12.1M100x
SoDEX ETH-USD+0.0100%1h2,748.7+0.023%$54.7M$187.6M40xas long as short
Phemex ETHUSDT+0.0100%8h2,748.8+0.028%$267.7M$65.8M150xas long as short
Bulk ETH-USD+0.0100%1h2,746.2−0.067%$164.3M$302.6M25xas long as short
Extended ETH-USD+0.0104%1h2,748−0.003%$30.6M$73.1M50xas long as short
Aftermath Perps ETHUSD+0.0105%1h2,747.5−0.019%$30K$20K20xas long as short
Kalshi KXETHPERP+0.0148%8h2,748.9+0.030%$7.9M$672.5M4.9xas long as short
Deribit ETH-PERPETUAL+0.0168%1h2,750.4+0.083%$258.9M$197.6M50xas long as short
Orderly PERP_ETH_USDC+0.0180%8h2,751.4+0.122%$32.3M$11.0M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,748.3+0.008%$118K$22.5M52xas long as short
Reya ETHRUSDPERPshort+0.0223%1h2,747.7−0.014%$7.3M$1.1M25x
Hibachi ETH/USDT-P+0.0224%1h2,749.9+0.066%$250K$1.5M20xas long as short
Kraken Futures PF_ETHUSD+0.0354%1h2,749.8+0.064%$88.2M$314.0M100xas long as short