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Funding arb · Price arb /

ETH

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.003%
Price spread now: StandX against Bybit+0.011%48s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.212% of the position
Long on BybitShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 7 days−0.018%−$2 · spread now +0.011%, 7d avg +0.019%
Together, before fees+0.080%+ Points / potential airdropStandX: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETHUSDT2,770.20.0088pay 0.0088% / 8h8m 42s$2.51B$4.62B150x
ShortStandX ETH-USD2,770.50.0100get 0.0013% / 1h8m 42s$21.4M$58.6M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$2.57
Price spread: +0.011% → +0.019%
−$0.79
Slippage, 4 orders
−$2.18
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee StandX: 4 bp × 2 orders
−$8
Net
−$19.4
Costs to cover
0.212%
Break-even
59.8 days
Slippage from Bybit: live order book, 5 min ago; StandX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.02 bp5.5 bp −$65.5 bp −$557.1 bp −$7119.9 bp −$4,933
Sell StandX live order book, just now0.90 bp4.9 bp −$58.5 bp −$8511.7 bp −$1,170doesn't fit

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−0.0223%43m2,770.20.000%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,770.6+0.013%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.292%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,772.5+0.083%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0023%1h2,770.5+0.011%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,770.1−0.003%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,771.3+0.040%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,771.5+0.047%$876K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,771.4+0.044%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,770.1−0.004%$1.71B$11.88B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,771.3+0.039%$12.8M—200xas long as short
Phemex ETHUSDT+0.0026%8h2,769.7−0.019%$270.0M$68.8M150xas long as short
Aftermath Perps ETHUSD+0.0028%1h2,771.6+0.051%$29K$22K20xas long as short
Aster ETHUSDT+0.0031%8h2,770.2−0.001%$255.7M$1.00B200xas long as short
SoDEX ETH-USD+0.0031%1h2,770−0.007%$55.2M$228.8M40xas long as short
Bullet ETH-USD+0.0037%1h2,770.6+0.016%$181K$1.7M20xas long as short
MEXC ETH_USDT+0.0055%8h2,769.9−0.011%$1.62B$2.66B500xas long as short
Binance ETHUSDT+0.0055%8h2,769.9−0.009%$6.45B$17.30B150xas long as short
Aevo ETH-PERP+0.0056%1h2,771.6+0.052%$5.0M$636K20xas long as short
Bitget ETHUSDT+0.0065%8h2,770−0.007%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,770.3+0.004%$3.29B$9.69B200xas long as short
KuCoin ETHUSDTM+0.0081%8h2,770.1−0.004%$421.1M$738.6M100xas long as short
Deribit ETH-PERPETUAL+0.0082%1h2,771.6+0.051%$259.0M$222.1M50xas long as short
Bybit ETHUSDTlong+0.0088%8h2,770.2long leg$2.51B$4.62B150x
BingX ETH-USDC+0.0088%8h2,769.7−0.019%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,772+0.064%$60.3M$4.59B50xas long as short
HTX ETH-USDT+0.0094%8h2,769.8−0.013%$1.08B$1.32B200xas long as short
Nado ETH-PERP+0.0096%1h2,769.4−0.029%$14.3M$118.2M50xas long as short
Lighter ETH+0.0096%1h2,770.2+0.001%$115.0M$501.2M50xas long as short
Lighter RH ETH+0.0096%1h2,771.8+0.058%$25.3M$122.0M50xas long as short
Vest ETH-PERP+0.0096%1h2,770.5+0.010%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,769.7−0.019%$15.9M$10.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,770.20.000%$475K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,772.2+0.073%$3.17B$2.36B25xas long as short
Pacifica ETH+0.0100%1h2,770.5+0.011%$31.2M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,769.6−0.021%$2.8M$17.2M25xas long as short
Arcus ETH-USD+0.0100%1h2,771.2+0.037%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.029%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,770.8+0.021%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.4−0.063%$147.1M$335.8M—as long as short
edgeX ETHUSDC+0.0100%4h2,770−0.007%$181.8M$783.7M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.7−0.053%$161.0M$89.8M50xas long as short
StandX ETH-USDshort+0.0100%1h2,770.5+0.011%$21.4M$58.6M40x
Polymarket Perps ETH-USD+0.0100%1h2,770.6+0.015%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,771.2+0.038%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,769.5−0.026%$972K$13.9M100xas long as short
Derive ETH-PERP+0.0100%1h2,773.2+0.109%$42.7M$29.4M15xas long as short
Extended ETH-USD+0.0104%1h2,769.5−0.024%$32.5M$78.3M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,771.1+0.032%—$43.8M500xas long as short
Kalshi KXETHPERP+0.0105%8h2,771.1+0.033%$8.1M$687.9M4.9xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,771.4+0.044%$90.4M$338.6M100xas long as short
Orderly PERP_ETH_USDC+0.0143%8h2,773.4+0.115%$32.6M$12.2M100xas long as short
BloFin ETH-USDT+0.0176%8h2,770.7+0.018%$286.6M$194.4M150xas long as short
Reya ETHRUSDPERP+0.0205%1h2,770.1−0.002%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0208%1h2,771.8+0.059%$252K$1.6M20xas long as short