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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0076%/8hpaid last 24h +0.005%
Price spread now: SunX against 01 Exchange−0.021%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.228% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.037%+$4 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.021%, 7d avg −0.043%
Together, before fees−0.022%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.022% dearer against 01 Exchange than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ETHUSD2,761.90.0024pay 0.0003% / 1h6m 02s$178K$1.2M50x
ShortSunX ETH-USDT2,761.30.0100get 0.0100% / 8h4h 06m$969K$14.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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
$15.96
Price spread: −0.021% → −0.043%
$2.22
Slippage, 4 orders
−$7.82
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$4.64
Costs to cover
0.228%
Break-even
9.0 days
Slippage from 01 Exchange: live order book, 3 min ago; SunX: live order book, 8 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 01 Exchange live order book, 3 min ago0.18 bp4.6 bp −$58.9 bp −$89doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago1.65 bp5.6 bp −$65.8 bp −$587.8 bp −$7819.7 bp −$4,871

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
Injective ETH/USDC PERP−0.0208%1h2,761.8−0.004%$119K$22.5M52xas long as short
Perpl ETH−0.0112%43m2,759.9−0.074%$269K$6.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,762+0.004%$5K$2K50xas long as short
SoDEX ETH-USD−0.0021%1h2,758.6−0.119%$55.6M$184.4M40xas long as short
Phoenix ETH−0.0003%1h2,762.9+0.036%$928K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,763.2+0.045%$13.5M$42.2M50xas long as short
Deribit ETH-PERPETUAL+0.0004%1h2,761.1−0.029%$258.3M$209.3M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,760.5−0.052%$22.3M200xas long as short
Bulk ETH-USD+0.0012%1h2,762.6+0.025%$165.0M$265.6M25xas long as short
OKX ETH-USDT-SWAP+0.0016%8h2,757.9−0.147%$1.73B$11.30B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0018%1h2,761.7−0.008%$8.4M$28.8M100xas long as short
GMX ETH/USD [ETH-USDC]L +0.0021% / S +0.0013%1h2,760.5−0.052%$12.3M200xas long as short
Bullet ETH-USD+0.0022%1h2,759.2−0.099%$194K$1.8M20xas long as short
01 Exchange ETHUSDlong+0.0024%1h2,761.9long leg$178K$1.2M50x
Phemex ETHUSDT+0.0032%8h2,759.1−0.100%$266.7M$64.5M150xas long as short
MEXC ETH_USDT+0.0038%8h2,757.9−0.146%$1.61B$2.48B500xas long as short
Binance ETHUSDT+0.0039%8h2,757.3−0.166%$6.56B$16.32B150xas long as short
Aevo ETH-PERP+0.0040%1h2,757.3−0.166%$5.0M$651K20xas long as short
RISEx ETH/USDC+0.0044%1h2,761.7−0.009%$5.8M$12.2M25xas long as short
Gate ETH_USDT+0.0051%8h2,758.9−0.108%$3.35B$9.26B200xas long as short
Aster ETHUSDT+0.0057%8h2,759−0.104%$268.1M$947.5M200xas long as short
Aftermath Perps ETHUSD+0.0071%1h2,763.3+0.050%$29K$20K20xas long as short
Bitget ETHUSDT+0.0073%8h2,757.8−0.147%$2.09B$3.00B150xas long as short
Variational Omni ETH+0.0092%8h2,760.4−0.056%$139.7M$304.4Mas long as short
Lighter ETH+0.0096%1h2,759.5−0.087%$115.1M$498.7M50xas long as short
Lighter RH ETH+0.0096%1h2,760.7−0.042%$25.5M$122.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,761.8−0.005%$44.1M500xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,765.4+0.127%$15.8M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,762.7+0.029%$481K$2.6M50xas long as short
Nado ETH-PERP+0.0100%1h2,761−0.032%$17.3M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,761.5−0.014%$3.23B$2.21B25xas long as short
Pacifica ETH+0.0100%1h2,761.5−0.014%$31.2M$265.1M50xas long as short
Bybit ETHUSDT+0.0100%8h2,758.5−0.123%$2.52B$4.43B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,760.8−0.040%$2.9M$15.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,762.4+0.020%$2.9M$16.9M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,758.9−0.110%$415.0M$711.1M100xas long as short
BingX ETH-USDC+0.0100%8h2,757.8−0.150%$16.9Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,759−0.107%$15.3M$41.9M50xas long as short
edgeX ETHUSDC+0.0100%4h2,761.2−0.024%$179.7M$749.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,761.6−0.012%$160.6M$95.7M50xas long as short
StandX ETH-USD+0.0100%1h2,762.1+0.007%$21.3M$56.8M40xas long as short
Vest ETH-PERP+0.0100%1h2,761−0.032%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,762+0.004%$11.3M$7.1M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,760.5−0.050%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,762.2+0.011%$42.8M$29.2M15xas long as short
SunX ETH-USDTshort+0.0100%8h2,761.3−0.021%$969K$14.2M100x
HTX ETH-USDT+0.0100%8h2,758.3−0.130%$1.08B$1.24B200xas long as short
Extended ETH-USD+0.0104%1h2,757.6−0.154%$31.5M$75.6M50xas long as short
Orderly PERP_ETH_USDC+0.0112%8h2,762+0.004%$32.4M$11.1M100xas long as short
Kalshi KXETHPERP+0.0127%8h2,762.3+0.014%$8.5M$643.1M4.9xas long as short
Coinbase International ETH-PERP-INTX+0.0128%1h2,760.7−0.045%$59.5M$4.56B50xas long as short
Hibachi ETH/USDT-P+0.0152%1h2,763.6+0.061%$278K$1.5M20xas long as short
BloFin ETH-USDT+0.0154%8h2,762.2+0.010%$292.7M$186.8M150xas long as short
Kraken Futures PF_ETHUSD+0.0163%1h2,760.1−0.064%$85.2M$322.2M100xas long as short
Reya ETHRUSDPERP+0.0226%1h2,758.9−0.108%$7.5M$936K25xas long as short