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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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.

Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.017%
Price spread now: Hyperliquid against Variational Omni+0.182%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 7 days−0.153%−$15 · spread now +0.182%, 7d avg +0.033%
Together, before fees−0.123%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.149% dearer against Variational Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ETH2,772.10.0098pay 0.0098% / 8h1h 54m$135.2M$326.5M—
ShortHyperliquid ETH2,777.20.0100get 0.0013% / 1h54m 18s$3.19B$2.38B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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
$0.41
Price spread: +0.182% → +0.033%
$14.89
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$6.3
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hyperliquid: live order book, 10 min ago. 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 Variational Omni RFQ quote, 5 min ago0.61 bpdoesn't fit0.8 bp −$84.5 bp −$451doesn't fit
Sell Hyperliquid live order book, 10 min ago0.18 bp4.7 bp −$54.7 bp −$474.7 bp −$4685.4 bp −$2,688

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−0.0447%43m2,775.2+0.110%$290K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,776.2+0.146%$5.8M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,776.7+0.164%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.8+0.060%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,776.2+0.146%$169K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,775.6+0.124%$886K$3.7M25xas long as short
dYdX ETH-USD0.0000%1h2,777.2+0.182%$12.7M$45.5M50xas long as short
Aftermath Perps ETHUSD+0.0006%1h2,772.8+0.025%$29K$22K20xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,774.3+0.076%$22.4M—200xas long as short
BingX ETH-USDC+0.0018%8h2,774.4+0.081%—$17.4M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado ETH-PERP+0.0018%1h2,775.5+0.122%$14.3M$118.8M50xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,772.3+0.005%$1.71B$11.87B100xas long as short
Phemex ETHUSDT+0.0023%8h2,773.2+0.036%$267.2M$65.9M150xas long as short
Hibachi ETH/USDT-P+0.0024%1h2,778.4+0.226%$277K$1.5M20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,774.4+0.080%$13.2M—200xas long as short
Aster ETHUSDT+0.0034%8h2,774.1+0.070%$256.5M$993.8M200xas long as short
Deribit ETH-PERPETUAL+0.0042%1h2,774.9+0.099%$258.4M$225.0M50xas long as short
Bullet ETH-USD+0.0050%1h2,773.7+0.056%$182K$1.8M20xas long as short
MEXC ETH_USDT+0.0053%8h2,772.6+0.014%$1.60B$2.63B500xas long as short
Binance ETHUSDT+0.0054%8h2,772.7+0.020%$6.43B$17.20B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.2+0.002%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0074%8h2,773.3+0.042%$2.10B$3.12B150xas long as short
Gate ETH_USDT+0.0080%8h2,774.1+0.071%$3.28B$9.53B200xas long as short
SoDEX ETH-USD+0.0092%1h2,773.2+0.038%$55.2M$228.6M40xas long as short
Lighter ETH+0.0096%1h2,773.2+0.036%$115.0M$494.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774.6+0.088%$25.4M$120.6M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,776.8+0.168%—$41.7M500xas long as short
Variational Omni ETHlong+0.0098%8h2,772.1long leg$135.2M$326.5M—
HTX ETH-USDT+0.0098%8h2,773.5+0.047%$1.08B$1.32B200xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,776.5+0.157%$16.0M$10.7M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,776.3+0.150%$482K$2.8M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,777.2+0.182%$3.19B$2.38B25x
Pacifica ETH+0.0100%1h2,777.1+0.180%$31.3M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.6+0.014%$2.51B$4.63B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,776.2+0.146%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,778.7+0.237%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,771−0.043%$164.2M$249.6M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,775.4+0.117%$424.4M$740.2M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,776.8+0.167%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,768.2−0.144%$179.4M$778.3M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.8−0.049%$161.2M$96.1M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,767.8−0.156%$8.7M$32.6M100xas long as short
StandX ETH-USD+0.0100%1h2,777+0.175%$21.4M$57.9M40xas long as short
Vest ETH-PERP+0.0100%1h2,775.7+0.129%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.4+0.153%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,774.7+0.092%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,775.8+0.132%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,774.9+0.100%$972K$14.1M100xas long as short
Extended ETH-USD+0.0104%1h2,772.7+0.021%$31.4M$75.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,774.5+0.085%$59.9M$4.62B50xas long as short
Kalshi KXETHPERP+0.0109%8h2,776.8+0.168%$8.6M$673.7M4.9xas long as short
Orderly PERP_ETH_USDC+0.0137%8h2,776.2+0.146%$32.6M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,774.1+0.069%$86.2M$331.6M100xas long as short
BloFin ETH-USDT+0.0173%8h2,775.7+0.127%$286.5M$195.2M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,774.5+0.086%$7.4M$1.1M25xas long as short