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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.010%
Price spread now: StandX against BingX+0.156%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Long on BingXShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days−0.140%−$14 · spread now +0.156%, 7d avg +0.060%
Together, before fees−0.051%+ Points / potential airdropStandX: Active · farm board−$5 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 StandX is 0.097% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETH-USDC2,7420.0040pay 0.0040% / 8h6h 09m—$18.5M—
ShortStandX ETH-USD2,746.30.0100get 0.0013% / 1h9m 46s$21.2M$69.1M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against BingX. 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
$12.6
Price spread: +0.156% → +0.060%
$9.66
Slippage, 4 orders
−$4.11
Fee BingX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
$0.15
Costs to cover
0.221%
Break-even
6.9 days
Slippage from BingX: live order book, 14 min ago; StandX: 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 BingX live order book, 14 min ago0.18 bp5.2 bp −$55.9 bp −$597.0 bp −$7029.8 bp −$4,886
Sell StandX live order book, 4 min ago1.09 bp5.1 bp −$57.6 bp −$7611.2 bp −$1,123doesn't fit

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%43m2,744.6+0.096%$310K$5.9M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,746.8+0.175%$5K$1K50xas long as short
RISEx ETH/USDC−0.0071%1h2,744.7+0.099%$5.7M$11.4M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0009% / S +0.0043%1h2,744.1+0.078%$12.1M—200xas long as short
Phoenix ETH−0.0006%1h2,748.5+0.237%$848K$3.1M25xas long as short
dYdX ETH-USD0.0000%1h2,745+0.109%$10.8M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,744+0.072%$22.2M—200xas long as short
01 Exchange ETHUSD+0.0040%1h2,744.9+0.105%$181K$1.1M50xas long as short
BingX ETH-USDClong+0.0040%8h2,742long leg—$18.5M—
OKX ETH-USDT-SWAP+0.0051%8h2,742.9+0.031%$1.69B$10.91B100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ETHUSDT+0.0062%1h2,748+0.218%$8.8M$31.5M100xas long as short
HTX ETH-USDT+0.0064%8h2,743.5+0.053%$1.06B$1.20B200xas long as short
KuCoin ETHUSDTM+0.0066%8h2,742.3+0.012%$370.3M$609.6M100xas long as short
Aster ETHUSDT+0.0070%8h2,743.5+0.056%$253.3M$858.3M200xas long as short
Aevo ETH-PERP+0.0080%1h2,742.7+0.024%$4.9M$168K20xas long as short
MEXC ETH_USDT+0.0081%8h2,742.4+0.016%$1.57B$2.58B500xas long as short
Binance ETHUSDT+0.0081%8h2,742.8+0.028%$6.37B$16.20B150xas long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,744.5+0.090%$58.7M$4.32B50xas long as short
Gate ETH_USDT+0.0089%8h2,742.7+0.025%$3.39B$8.93B200xas long as short
Lighter ETH+0.0096%1h2,742.8+0.030%$112.8M$444.7M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.121%$24.7M$107.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,744.3+0.085%—$35.4M500xas long as short
Aftermath Perps ETHUSD+0.0097%1h2,747.6+0.204%$30K$20K20xas long as short
Bitget ETHUSDT+0.0099%8h2,742.7+0.026%$2.08B$2.83B150xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,748.6+0.239%$16.2M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,744+0.073%$477K$2.9M50xas long as short
Nado ETH-PERP+0.0100%1h2,744.5+0.091%$14.0M$112.2M50xas long as short
Hyperliquid ETH+0.0100%1h2,744.9+0.105%$3.12B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,745.5+0.127%$31.7M$334.3M50xas long as short
Bybit ETHUSDT+0.0100%8h2,742.8+0.030%$2.46B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,744.8+0.102%$2.7M$17.0M25xas long as short
Arcus ETH-USD+0.0100%1h2,745.3+0.121%$2.8M$16.4M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.2+0.044%$15.0M$41.7M50xas long as short
Variational Omni ETH+0.0100%8h2,744.9+0.107%$132.7M$345.6M—as long as short
edgeX ETHUSDC+0.0100%4h2,746.2+0.153%$181.6M$705.1M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,747.1+0.187%$159.8M$82.9M50xas long as short
StandX ETH-USDshort+0.0100%1h2,746.3+0.156%$21.2M$69.1M40x
Vest ETH-PERP+0.0100%1h2,745.6+0.131%—$851K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,744.4+0.087%$10.7M$8.6M50xas long as short
Bullet ETH-USD+0.0100%1h2,743.9+0.068%$182K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,744.5+0.089%$21K$21K25xas long as short
Derive ETH-PERP+0.0100%1h2,745.9+0.141%$41.7M$29.5M15xas long as short
SunX ETH-USDT+0.0100%8h2,745.4+0.123%$964K$12.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,743.9+0.069%$54.6M$187.8M40xas long as short
Phemex ETHUSDT+0.0100%8h2,744.5+0.089%$267.1M$66.1M150xas long as short
Bulk ETH-USD+0.0100%1h2,747.7+0.206%$164.0M$301.0M25xas long as short
Extended ETH-USD+0.0104%1h2,742−0.001%$30.5M$73.4M50xas long as short
Kalshi KXETHPERP+0.0146%8h2,745.7+0.135%$7.7M$672.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0162%1h2,745.1+0.114%$258.7M$200.1M50xas long as short
Orderly PERP_ETH_USDC+0.0177%8h2,746.6+0.167%$32.3M$11.2M100xas long as short
Injective ETH/USDC PERP+0.0209%1h2,746.7+0.171%$118K$22.5M52xas long as short
Hibachi ETH/USDT-P+0.0216%1h2,748+0.217%$250K$1.5M20xas long as short
Reya ETHRUSDPERP+0.0222%1h2,743.6+0.058%$7.3M$1.1M25xas long as short
Kraken Futures PF_ETHUSD+0.0355%1h2,744.2+0.081%$88.5M$316.8M100xas long as short