Settings8H · net · $10k
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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 22:00 UTC+0.0207%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.026%
Price spread now: StandX against Injective+0.014%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Long on InjectiveShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.135%−$13 on $10k
Price spread, last 3 days (all we have)+0.184%+$18 · spread now +0.014%, 7d avg −0.053%
Together, before fees+0.050%+ Points / potential airdropStandX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and StandX is 0.067% dearer against Injective than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ETH/USDC PERP2,766.1−0.0107get 0.0013% / 1h39m 12s$119K$22.5M52x
ShortStandX ETH-USD2,766.50.0100get 0.0013% / 1h39m 12s$21.4M$57.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Injective. 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
$43.4
Price spread: +0.014% → −0.053%
$6.71
Slippage, 4 orders
−$63.25
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee StandX: 4 bp × 2 orders
−$8
Net
−$21.17
Costs to cover
0.713%
Break-even
10.4 days
Slippage from Injective: live order book, 5 min ago; StandX: live order book, 5 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 Injective live order book, 5 min ago13.88 bp13.9 bp −$1413.9 bp −$13913.9 bp −$1,38920691.9 bp −$10.35M
Sell StandX live order book, 5 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−0.0112%43m2,764.5−0.060%$288K$6.8M8.3xas long as short
Injective ETH/USDC PERPlong−0.0107%1h2,766.1long leg$119K$22.5M52x
Hotstuff ETH-PERP−0.0080%1h2,766.10.000%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0072%1h2,765.2−0.031%$10.4M$30.9M100xas long as short
01 Exchange ETHUSD−0.0064%1h2,763.3−0.101%$171K$1.2M50xas long as short
Phoenix ETH−0.0023%1h2,766.8+0.025%$794K$3.7M25xas long as short
RISEx ETH/USDC−0.0011%1h2,763.2−0.103%$5.8M$11.9M25xas long as short
dYdX ETH-USD0.0000%1h2,765.9−0.007%$12.7M$45.5M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,764.2−0.069%$22.3M—200xas long as short
OKX ETH-USDT-SWAP+0.0022%8h2,763−0.112%$1.70B$11.81B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ETHUSD+0.0023%1h2,768.6+0.089%$29K$21K20xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,764.1−0.071%$13.0M—200xas long as short
Phemex ETHUSDT+0.0030%8h2,763.3−0.101%$265.9M$66.0M150xas long as short
Aster ETHUSDT+0.0039%8h2,762.8−0.120%$255.4M$995.8M200xas long as short
MEXC ETH_USDT+0.0044%8h2,763.4−0.097%$1.61B$2.64B500xas long as short
Binance ETHUSDT+0.0045%8h2,763−0.112%$6.42B$17.19B150xas long as short
Aevo ETH-PERP+0.0048%1h2,761.3−0.174%$5.0M$636K20xas long as short
Gate ETH_USDT+0.0062%8h2,763.5−0.095%$3.29B$9.59B200xas long as short
Deribit ETH-PERPETUAL+0.0068%1h2,764.9−0.044%$258.4M$224.4M50xas long as short
Bitget ETHUSDT+0.0074%8h2,763.2−0.106%$2.09B$3.13B150xas long as short
Bullet ETH-USD+0.0085%1h2,763.3−0.100%$183K$1.8M20xas long as short
Variational Omni ETH+0.0091%8h2,765.4−0.026%$140.3M$319.1M—as long as short
Lighter ETH+0.0096%1h2,763.5−0.094%$115.2M$510.8M50xas long as short
Lighter RH ETH+0.0096%1h2,764.9−0.044%$25.3M$122.0M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,763.9−0.079%—$41.7M500xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,763.6−0.089%$15.9M$10.9M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,763.5−0.094%$479K$2.7M50xas long as short
Nado ETH-PERP+0.0100%1h2,763.5−0.093%$14.8M$116.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,765.9−0.007%$3.18B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,764.6−0.054%$31.1M$285.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,763.2−0.104%$2.50B$4.64B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,764.6−0.054%$2.8M$16.5M25xas long as short
Arcus ETH-USD+0.0100%1h2,765.4−0.026%$2.7M$17.5M25xas long as short
Bulk ETH-USD+0.0100%1h2,765.5−0.020%$164.9M$254.7M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,763.3−0.101%$424.0M$742.7M100xas long as short
BingX ETH-USDT+0.0100%8h2,763.3−0.102%—$1.19B—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,765.8−0.013%$15.3M$42.4M50xas long as short
edgeX ETHUSDC+0.0100%4h2,765.4−0.026%$177.8M$790.5M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,765.7−0.014%$160.8M$97.4M50xas long as short
StandX ETH-USDshort+0.0100%1h2,766.5+0.014%$21.4M$57.7M40x
Polymarket Perps ETH-USD+0.0100%1h2,764.8−0.047%$10.8M$7.8M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,764.4−0.062%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,765.8−0.010%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,764.6−0.056%$969K$14.3M100xas long as short
SoDEX ETH-USD+0.0100%1h2,763−0.112%$55.0M$228.6M40xas long as short
HTX ETH-USDT+0.0100%8h2,762.9−0.115%$1.07B$1.32B200xas long as short
Vest ETH-PERP+0.0100%1h2,764.7−0.050%—$1.1M50xas long as short
Extended ETH-USD+0.0104%1h2,762.9−0.117%$31.4M$76.2M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,764.6−0.054%$60.0M$4.62B50xas long as short
Kalshi KXETHPERP+0.0117%8h2,764.7−0.051%$8.6M$672.5M4.9xas long as short
Orderly PERP_ETH_USDC+0.0131%8h2,766.1+0.001%$32.5M$11.9M100xas long as short
BloFin ETH-USDT+0.0165%8h2,763.1−0.108%$285.6M$194.7M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,762.4−0.133%$7.4M$986K25xas long as short
Kraken Futures PF_ETHUSD+0.0241%1h2,764.3−0.067%$88.2M$330.2M100xas long as short
Hibachi ETH/USDT-P+0.0416%1h2,767.9+0.065%$272K$1.5M20xas long as short