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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: StandX against GRVT−0.148%62s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 7 days+0.148%+$15 · spread now −0.148%, 7d avg −0.006%
Together, before fees+0.241%+ Points / potential airdropGRVT: Active · StandX: Active · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.142% cheaper against GRVT than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ETH_USDT_Perp2,776.10.0100pay 0.0100% / 8h1h 50m$161.5M$95.8M50x
ShortStandX ETH-USD2,7720.0100get 0.0013% / 1h50m 33s$21.4M$57.9M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against GRVT. 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
$0
Price spread: −0.148% → −0.006%
−$14.22
Slippage, 4 orders
−$4.02
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee StandX: 4 bp × 2 orders
−$8
Net
−$35.24
Costs to cover
0.210%
Break-even
never at this rate
Slippage from GRVT: live order book, 4 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 GRVT live order book, 4 min ago0.20 bp5.0 bp −$55.4 bp −$548.8 bp −$875270.4 bp −$135.2K
Sell StandX live order book, 4 min ago1.44 bp5.9 bp −$67.1 bp −$7111.1 bp −$1,112doesn'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%43m2,772.4−0.135%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,772.8−0.119%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,773.1−0.109%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.3−0.102%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,772.6−0.127%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,772.3−0.137%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.8−0.120%$12.7M$45.5M50xas long as short
Phoenix ETH0.0000%1h2,772−0.148%$884K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3−0.139%$22.4M200xas long as short
BingX ETH-USDC+0.0018%8h2,772.3−0.137%$17.4Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,771.6−0.164%$1.71B$11.83B100xas long as short
Phemex ETHUSDT+0.0023%8h2,770.8−0.193%$266.9M$65.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2−0.142%$13.2M200xas long as short
Aster ETHUSDT+0.0031%8h2,772.4−0.134%$256.4M$992.8M200xas long as short
Nado ETH-PERP+0.0034%1h2,772.8−0.121%$14.3M$118.5M50xas long as short
Bullet ETH-USD+0.0039%1h2,771−0.186%$182K$1.8M20xas long as short
Binance ETHUSDT+0.0053%8h2,772.5−0.129%$6.44B$17.16B150xas long as short
MEXC ETH_USDT+0.0053%8h2,772.9−0.115%$1.61B$2.64B500xas long as short
Hibachi ETH/USDT-P+0.0056%1h2,773.3−0.101%$287K$1.5M20xas long as short
Aevo ETH-PERP+0.0056%1h2,769.7−0.232%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0067%1h2,770.7−0.195%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,772.1−0.143%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0083%8h2,772.7−0.123%$3.29B$9.54B200xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,772.2−0.141%$258.4M$224.4M50xas long as short
Lighter ETH+0.0096%1h2,773.4−0.100%$115.0M$495.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8−0.046%$25.4M$120.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2−0.142%$41.7M500xas long as short
HTX ETH-USDT+0.0097%8h2,770.3−0.211%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1−0.143%$135.2M$326.5Mas long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.5−0.131%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,773−0.112%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.3−0.066%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3−0.101%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,771.9−0.153%$2.51B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.6−0.127%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7−0.052%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.199%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773−0.113%$424.1M$738.6M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3−0.173%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.5−0.129%$179.7M$779.2M100xas long as short
GRVT ETH_USDT_Perplong+0.0100%8h2,776.1long leg$161.5M$95.8M50x
ApeX Omni ETHUSDT+0.0100%1h2,771.8−0.156%$8.7M$32.7M100xas long as short
StandX ETH-USDshort+0.0100%1h2,772−0.148%$21.4M$57.9M40x
Polymarket Perps ETH-USD+0.0100%1h2,773.4−0.098%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772−0.147%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.3−0.103%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.4−0.205%$970K$14.0M100xas long as short
Vest ETH-PERP+0.0100%1h2,772.6−0.128%$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,772.1−0.146%$31.4M$75.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,772−0.148%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,772.1−0.145%$8.5M$673.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,773.7−0.088%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.7−0.158%$86.1M$330.7M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771−0.184%$285.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0188%1h2,771.9−0.153%$7.4M$1.1M25xas long as short