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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.036%
Price spread now: StandX against Gate+0.058%7-day average +0.020% · 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−$22as in the Price arb table
costs, in and out, $10k−$260.262% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 7 days−0.067%−$7 · spread now +0.058%, 7d avg +0.020%
Together, before fees+0.066%+ Points / potential airdropStandX: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and StandX is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ETH_USDT2,765.50.0060pay 0.0060% / 8h2h 40m$3.29B$9.58B200x
ShortStandX ETH-USD2,767.10.0100get 0.0013% / 1h40m 37s$21.4M$57.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Gate. 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
$8.4
Price spread: +0.058% → +0.020%
$3.8
Slippage, 4 orders
−$3.24
Fee Gate: 7.5 bp × 2 orders
−$15
Fee StandX: 4 bp × 2 orders
−$8
Net
−$14.04
Costs to cover
0.262%
Break-even
18.7 days
Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago0.02 bp7.5 bp −$87.5 bp −$7510.2 bp −$1,02419.2 bp −$9,613
Sell StandX live order book, 4 min ago1.08 bp5.4 bp −$57.2 bp −$7212.0 bp −$1,199doesn'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−0.0447%43m2,765.50.000%$289K$6.9M8.3xas long as short
ApeX Omni ETHUSDT−0.0119%1h2,768.2+0.096%$10.5M$30.9M100xas long as short
Injective ETH/USDC PERP−0.0107%1h2,766.1+0.022%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,767.6+0.076%$5K$2K50xas long as short
01 Exchange ETHUSD−0.0064%1h2,765.4−0.004%$172K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,771.3+0.210%$796K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,766+0.018%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,765.9+0.014%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,766.2+0.026%$22.3M200xas long as short
OKX ETH-USDT-SWAP+0.0023%8h2,765.3−0.007%$1.70B$11.83B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0024%1h2,770+0.163%$29K$21K20xas long as short
Phemex ETHUSDT+0.0027%8h2,765.7+0.006%$266.1M$66.0M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,766.1+0.023%$13.1M200xas long as short
Aster ETHUSDT+0.0039%8h2,765.3−0.006%$255.7M$995.9M200xas long as short
MEXC ETH_USDT+0.0044%8h2,765.6+0.004%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0045%8h2,765.8+0.013%$6.43B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,763.4−0.074%$5.0M$636K20xas long as short
Gate ETH_USDTlong+0.0060%8h2,765.5long leg$3.29B$9.58B200x
Bitget ETHUSDT+0.0074%8h2,765.3−0.006%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0084%1h2,765.2−0.011%$184K$1.8M20xas long as short
Deribit ETH-PERPETUAL+0.0090%1h2,767.2+0.061%$258.7M$224.0M50xas long as short
Variational Omni ETH+0.0092%8h2,771.1+0.201%$141.1M$318.8Mas long as short
Lighter ETH+0.0096%1h2,766.3+0.028%$115.0M$510.2M50xas long as short
Lighter RH ETH+0.0096%1h2,767.4+0.069%$25.3M$121.9M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,766+0.018%$41.6M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,765.3−0.006%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,765.9+0.014%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,765.1−0.014%$14.9M$116.4M50xas long as short
Hyperliquid ETH+0.0100%1h2,768.1+0.094%$3.19B$2.39B25xas long as short
Pacifica ETH+0.0100%1h2,766.4+0.033%$31.2M$283.2M50xas long as short
Bybit ETHUSDT+0.0100%8h2,765.2−0.010%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,765.7+0.007%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,767.8+0.082%$2.8M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5+0.001%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,765.7+0.006%$424.4M$742.4M100xas long as short
BingX ETH-USDC+0.0100%8h2,765.6+0.003%$17.3Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,766.3+0.027%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,769.1+0.130%$178.0M$791.4M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,768.5+0.110%$161.0M$97.4M50xas long as short
StandX ETH-USDshort+0.0100%1h2,767.1+0.058%$21.4M$57.7M40x
Vest ETH-PERP+0.0100%1h2,766.5+0.036%$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,766.8+0.047%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,766.1+0.023%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,767.9+0.086%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.5−0.037%$970K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,765.6+0.004%$55.1M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,765−0.019%$1.08B$1.32B200xas long as short
Extended ETH-USD+0.0104%1h2,765.2−0.012%$31.4M$76.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,767.5+0.072%$60.0M$4.63B50xas long as short
Kalshi KXETHPERP+0.0118%8h2,766.5+0.036%$8.6M$672.1M4.9xas long as short
Orderly PERP_ETH_USDC+0.0130%8h2,768.3+0.101%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,765.5−0.001%$286.3M$195.0M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,764.4−0.039%$7.5M$989K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,767.2+0.060%$88.3M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0408%1h2,769.1+0.129%$272K$1.5M20xas long as short