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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: StandX against gTrade (Gains Network)+0.036%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.190% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.094%+$9 on $10k
Price spread, last 7 days−0.068%−$7 · spread now +0.036%, 7d avg +0.012%
Together, before fees+0.026%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.024% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ETH/USD2,726.8L +0.0007% / S −0.0006%pay 0.0001% / 1h8m 15s$28.0M200x
ShortStandX ETH-USD2,727.80.0100get 0.0013% / 1h8m 15s$21.0M$72.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against gTrade (Gains Network). 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
$19.63
Price spread: +0.036% → +0.012%
$2.43
Slippage, 4 orders
−$3.97
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
$3.1
Costs to cover
0.190%
Break-even
5.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; StandX: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago0.51 bp4.0 bp −$44.1 bp −$415.0 bp −$5018.9 bp −$4,455
Sell StandX live order book, 1 min ago1.10 bp5.5 bp −$56.7 bp −$6710.5 bp −$1,049doesn'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−0.0335%43m2,725.6−0.044%$301K$5.6M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.2−0.022%$5K$1K50xas long as short
HTX ETH-USDT−0.0019%8h2,726−0.029%$1.05B$1.20B200xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,726.8−0.001%$11.9M200xas long as short
Phoenix ETH−0.0006%1h2,728.7+0.069%$816K$2.9M25xas long as short
Kalshi KXETHPERP0.0000%8h2,727.4+0.022%$6.2M$686.1M4.9xas long as short
dYdX ETH-USD+0.0006%1h2,726.8−0.002%$10.7M$42.1M50xas long as short
gTrade (Gains Network) ETH/USDlongL +0.0007% / S −0.0006%1h2,726.8long leg$28.0M200x
BingX ETH-USDC+0.0028%8h2,726−0.031%$18.4Mas long as short
Bullet ETH-USD+0.0037%1h2,726.3−0.018%$177K$1.7M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ETHUSDT+0.0037%8h2,726.4−0.017%$2.36B$4.39B150xas long as short
01 Exchange ETHUSD+0.0048%1h2,726.3−0.019%$186K$814K50xas long as short
SunX ETH-USDT+0.0055%8h2,725.7−0.041%$955K$11.2M100xas long as short
KuCoin ETHUSDTM+0.0066%8h2,726−0.031%$377.3M$574.7M100xas long as short
Aster ETHUSDT+0.0076%8h2,726.5−0.010%$252.2M$842.3M200xas long as short
OKX ETH-USDT-SWAP+0.0080%8h2,726.6−0.008%$1.66B$10.72B100xas long as short
Aevo ETH-PERP+0.0080%1h2,724−0.103%$4.9M$155K20xas long as short
MEXC ETH_USDT+0.0084%8h2,726.3−0.018%$1.56B$2.58B500xas long as short
Binance ETHUSDT+0.0084%8h2,726.4−0.015%$6.32B$15.94B150xas long as short
Phemex ETHUSDT+0.0087%8h2,726.4−0.014%$264.2M$64.2M150xas long as short
ApeX Omni ETHUSDT+0.0087%1h2,728+0.045%$8.7M$31.2M100xas long as short
SoDEX ETH-USD+0.0091%1h2,726.4−0.015%$54.3M$187.8M40xas long as short
Lighter ETH+0.0096%1h2,726.3−0.018%$112.3M$435.9M50xas long as short
Lighter RH ETH+0.0096%1h2,727.4+0.021%$23.3M$104.8M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,726.1−0.025%$31.0M500xas long as short
Injective ETH/USDC PERP+0.0096%1h2,730.8+0.146%$117K$22.5M52xas long as short
Aftermath Perps ETHUSD+0.0100%1h2,728.4+0.058%$30K$20K20xas long as short
Katana Perps ETH-USD+0.0100%8h2,725.5−0.048%$498K$3.4M50xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,727.4+0.021%$15.4M$8.0M50xas long as short
Nado ETH-PERP+0.0100%1h2,725.6−0.045%$13.8M$104.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.3+0.055%$3.09B$2.05B25xas long as short
Pacifica ETH+0.0100%1h2,726.80.000%$31.8M$334.0M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,724.9−0.070%$2.7M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.4−0.016%$1.5M$16.0M25xas long as short
Bulk ETH-USD+0.0100%1h2,728.2+0.052%$167.8M$301.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,726.8+0.001%$3.33B$8.96B200xas long as short
Bitget ETHUSDT+0.0100%8h2,726.5−0.011%$2.07B$2.73B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,725.2−0.058%$14.9M$41.6M50xas long as short
Variational Omni ETH+0.0100%8h2,727+0.007%$134.7M$322.9Mas long as short
edgeX ETHUSDC+0.0100%4h2,728.1+0.047%$183.5M$671.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,728.8+0.071%$158.8M$86.9M50xas long as short
StandX ETH-USDshort+0.0100%1h2,727.8+0.036%$21.0M$72.0M40x
Vest ETH-PERP+0.0100%1h2,727+0.007%$846K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.4+0.022%$11.2M$9.5M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.7−0.006%$21K$20K25xas long as short
Derive ETH-PERP+0.0100%1h2,728.2+0.052%$40.9M$30.1M15xas long as short
Extended ETH-USD+0.0104%1h2,725.7−0.040%$30.6M$73.5M50xas long as short
RISEx ETH/USDC+0.0107%1h2,726.2−0.021%$5.6M$11.7M25xas long as short
Deribit ETH-PERPETUAL+0.0109%1h2,727.7+0.033%$258.4M$202.6M50xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,727.5+0.025%$50.4M$4.27B50xas long as short
Kraken Futures PF_ETHUSD+0.0153%1h2,727.3+0.017%$83.4M$315.9M100xas long as short
Orderly PERP_ETH_USDC+0.0190%8h2,729.2+0.087%$32.1M$11.6M100xas long as short
Reya ETHRUSDPERP+0.0207%1h2,725.6−0.046%$7.3M$1.2M25xas long as short
Hibachi ETH/USDT-P+0.0232%1h2,726.8−0.001%$247K$1.4M20xas long as short
BloFin ETH-USDT+0.0337%8h2,725.1−0.062%$281.4M$174.3M150xas long as short