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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Vest−0.058%50s7-day average −0.065% · 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)+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.273%−$27 · spread now −0.058%, 7d avg −0.065%
Together, before fees−0.254%+ Points / potential airdropVest: Active · Extended: Active · farm board−$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,735.30.0100pay 0.0013% / 1h22m 33s$843K50x
ShortExtended ETH-USD2,733.70.0104get 0.0013% / 1h22m 33s$30.3M$72.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Vest. 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
$0.84
Price spread: −0.058% → −0.065%
$0.73
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$5.43
Costs to cover
0.070%
Break-even
52.3 days
Slippage unknown: Vest: no order-book sample; Extended: live order book, 2 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 Vest no order-book sample
Sell Extended live order book, 2 min ago0.18 bp2.7 bp −$32.7 bp −$274.6 bp −$46212.2 bp −$6,087
Vest: 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 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%43m2,734.9−0.016%$297K$5.6M8.3xas long as short
Injective ETH/USDC PERP−0.0141%1h2,735.30.000%$117K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,734.9−0.014%$5K$1K50xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,734.8−0.019%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,735.1−0.007%$10.8M$41.6M50xas long as short
01 Exchange ETHUSD0.0000%1h2,735.2−0.003%$187K$823K50xas long as short
Phoenix ETH0.0000%1h2,735−0.010%$830K$2.9M25xas long as short
Bullet ETH-USD+0.0007%1h2,734.1−0.043%$179K$1.7M20xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0007%1h2,734.8−0.019%$28.1M200xas long as short
ApeX Omni ETHUSDT+0.0043%1h2,735−0.012%$8.7M$31.3M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETH-USDT+0.0050%8h2,733.9−0.050%$1.06B$1.20B200xas long as short
BingX ETH-USDT+0.0054%8h2,734.5−0.028%$1.15Bas long as short
Bybit ETHUSDT+0.0063%8h2,733.6−0.062%$2.39B$4.35B150xas long as short
KuCoin ETHUSDTM+0.0066%8h2,734.1−0.043%$380.2M$574.6M100xas long as short
Phemex ETHUSDT+0.0068%8h2,734.4−0.031%$265.9M$65.3M150xas long as short
OKX ETH-USDT-SWAP+0.0071%8h2,734.1−0.045%$1.67B$10.71B100xas long as short
SoDEX ETH-USD+0.0083%1h2,734.8−0.018%$54.5M$187.6M40xas long as short
Aster ETHUSDT+0.0087%8h2,734.2−0.040%$250.9M$842.7M200xas long as short
MEXC ETH_USDT+0.0094%8h2,733.9−0.051%$1.55B$2.56B500xas long as short
Binance ETHUSDT+0.0095%8h2,734.6−0.024%$6.35B$15.86B150xas long as short
Lighter ETH+0.0096%1h2,734.1−0.045%$112.9M$440.1M50xas long as short
Lighter RH ETH+0.0096%1h2,735.2−0.003%$23.4M$106.5M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,734.7−0.022%$30.9M500xas long as short
Aevo ETH-PERP+0.0096%1h2,731.9−0.123%$4.9M$155K20xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,738.6+0.122%$15.6M$8.0M50xas long as short
RISEx ETH/USDC+0.0099%1h2,735.1−0.007%$5.5M$11.6M25xas long as short
Katana Perps ETH-USD+0.0100%8h2,734.7−0.021%$500K$3.2M50xas long as short
Nado ETH-PERP+0.0100%1h2,734.5−0.030%$13.8M$104.3M50xas long as short
Hyperliquid ETH+0.0100%1h2,736.1+0.030%$3.10B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,734.8−0.018%$31.9M$334.7M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,734.1−0.043%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,735.2−0.003%$1.6M$16.2M25xas long as short
Gate ETH_USDT+0.0100%8h2,734.6−0.024%$3.35B$8.90B200xas long as short
Bitget ETHUSDT+0.0100%8h2,734.6−0.024%$2.07B$2.74B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,734.4−0.034%$15.0M$39.6M50xas long as short
Variational Omni ETH+0.0100%8h2,732.8−0.092%$133.6M$325.4Mas long as short
edgeX ETHUSDC+0.0100%4h2,733.7−0.059%$183.9M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,733.7−0.059%$159.0M$86.6M50xas long as short
StandX ETH-USD+0.0100%1h2,735−0.010%$21.1M$68.1M40xas long as short
Vest ETH-PERPlong+0.0100%1h2,735.3long leg$843K50x
Polymarket Perps ETH-USD+0.0100%1h2,736+0.026%$11.2M$9.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,734.9−0.013%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,736.5+0.044%$41.3M$29.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,733.4−0.068%$959K$11.3M100xas long as short
Bulk ETH-USD+0.0100%1h2,734.8−0.017%$164.8M$300.4M25xas long as short
Extended ETH-USDshort+0.0104%1h2,733.7−0.058%$30.3M$72.6M50x
Coinbase International ETH-PERP-INTX+0.0112%1h2,736+0.026%$51.4M$4.27B50xas long as short
Aftermath Perps ETHUSD+0.0118%1h2,735.1−0.006%$30K$20K20xas long as short
Deribit ETH-PERPETUAL+0.0130%1h2,736.2+0.033%$260.1M$195.7M50xas long as short
Kalshi KXETHPERP+0.0139%8h2,735.2−0.003%$6.7M$678.3M4.9xas long as short
Orderly PERP_ETH_USDC+0.0194%8h2,736.9+0.060%$32.2M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0220%1h2,733.5−0.066%$7.3M$1.2M25xas long as short
Kraken Futures PF_ETHUSD+0.0222%1h2,735.6+0.012%$83.4M$314.7M100xas long as short
Hibachi ETH/USDT-P+0.0256%1h2,735.9+0.024%$253K$1.4M20xas long as short
BloFin ETH-USDT+0.0379%8h2,735.3−0.001%$282.7M$175.2M150xas long as short