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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against Pacifica−0.124%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$200.196% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 7 days+0.115%+$11 · spread now −0.124%, 7d avg +0.010%
Together, before fees+0.165%+ Points / potential airdropPacifica: Active · StandX: Active · farm board+$16 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 0.134% cheaper against Pacifica than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ETH2,743.30.0100pay 0.0013% / 1h21m 52s$32.2M$326.0M50x
ShortStandX ETH-USD2,739.90.0100get 0.0013% / 1h21m 52s$21.0M$72.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Pacifica. 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: −0.124% → +0.010%
−$13.39
Slippage, 4 orders
−$3.61
Fee Pacifica: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$33
Costs to cover
0.196%
Break-even
never at this rate
Slippage from Pacifica: 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 Pacifica live order book, 5 min ago0.18 bp4.2 bp −$44.6 bp −$46doesn't fitdoesn't fit
Sell StandX live order book, 5 min ago0.18 bp4.9 bp −$56.6 bp −$6611.6 bp −$1,158doesn't fit

ETH on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi ETH/USDT-P−0.0088%1h2,740.5−0.102%$234K$1.3M20xas long as short
Hotstuff ETH-PERP−0.0080%1h2,740−0.121%$5K$1K50xas long as short
ApeX Omni ETHUSDT−0.0069%1h2,740.4−0.107%$8.3M$29.8M100xas long as short
Bybit ETHUSDT−0.0035%8h2,743.3+0.001%$2.36B$3.96B150xas long as short
Phoenix ETH−0.0023%1h2,739.6−0.135%$805K$2.9M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,744.4+0.041%$12.0M200xas long as short
Kalshi KXETHPERP0.0000%8h2,742.4−0.033%$7.0M$663.8M4.9xas long as short
Perpl ETH0.0000%43m2,743.8+0.019%$271K$5.1M8.3xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,744.4+0.041%$33.1M200xas long as short
Gate ETH_USDT+0.0044%8h2,743−0.010%$3.26B$7.86B200xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ETHUSD+0.0048%1h2,745+0.062%$195K$948K50xas long as short
dYdX ETH-USD+0.0056%1h2,743−0.010%$14.8M$43.1M50xas long as short
OKX ETH-USDT-SWAP+0.0067%8h2,743.3−0.001%$1.67B$9.63B100xas long as short
Aster ETHUSDT+0.0072%8h2,743−0.011%$256.3M$746.1M200xas long as short
MEXC ETH_USDT+0.0078%8h2,743.3+0.001%$1.59B$2.51B500xas long as short
Binance ETHUSDT+0.0079%8h2,743.1−0.006%$6.38B$14.68B150xas long as short
Kraken Futures PF_ETHUSD+0.0080%1h2,744.4+0.038%$82.2M$283.1M100xas long as short
Aevo ETH-PERP+0.0080%1h2,741.8−0.055%$4.9M$208K20xas long as short
KuCoin ETHUSDTM+0.0082%8h2,743.2−0.005%$365.6M$459.9M100xas long as short
Aftermath Perps ETHUSD+0.0088%1h2,740.3−0.111%$30K$8K20xas long as short
SoDEX ETH-USD+0.0094%1h2,743.7+0.014%$61.8M$121.8M40xas long as short
Lighter ETH+0.0096%1h2,744.1+0.030%$114.0M$389.2M50xas long as short
Lighter RH ETH+0.0096%1h2,745.3+0.074%$23.7M$98.4M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0056%1h2,741.4−0.069%$23.9M500xas long as short
Katana Perps ETH-USD+0.0100%8h2,743.7+0.014%$507K$3.5M50xas long as short
Nado ETH-PERP+0.0100%1h2,742.1−0.044%$14.5M$97.8M50xas long as short
Pacifica ETHlong+0.0100%1h2,743.3long leg$32.2M$326.0M50x
Ondo Perps ETH-USD.P+0.0100%1h2,742.3−0.037%$2.8M$14.4M25xas long as short
Arcus ETH-USD+0.0100%1h2,744+0.025%$1.5M$14.9M25xas long as short
Bulk ETH-USD+0.0100%1h2,740.6−0.098%$163.1M$330.7M25xas long as short
Bitget ETHUSDT+0.0100%8h2,742.8−0.020%$2.11B$2.41B150xas long as short
BingX ETH-USDT+0.0100%8h2,742.8−0.017%$960.1Mas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,743.1−0.006%$14.9M$37.3M50xas long as short
Variational Omni ETH+0.0100%8h2,738.5−0.177%$132.1M$303.2Mas long as short
edgeX ETHUSDC+0.0100%4h2,738.5−0.174%$185.9M$632.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,741.5−0.066%$159.4M$75.0M50xas long as short
StandX ETH-USDshort+0.0100%1h2,739.9−0.124%$21.0M$72.7M40x
Vest ETH-PERP+0.0100%1h2,745+0.060%$365K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,746.2+0.105%$11.3M$8.7M50xas long as short
Bullet ETH-USD+0.0100%1h2,744.4+0.042%$177K$1.7M20xas long as short
SunX ETH-USDT+0.0100%8h2,744.6+0.047%$947K$9.3M100xas long as short
HTX ETH-USDT+0.0100%8h2,744+0.025%$1.05B$1.10B200xas long as short
Phemex ETHUSDT+0.0100%8h2,743.9+0.023%$264.0M$57.9M150xas long as short
Extended ETH-USD+0.0104%1h2,741.9−0.052%$30.4M$67.3M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,744.9+0.059%$45.6M$3.95B50xas long as short
BloFin ETH-USDT+0.0108%8h2,740.2−0.112%$282.7M$158.1M150xas long as short
Hyperliquid ETH+0.0114%1h2,746.9+0.131%$3.15B$1.77B25xas long as short
Deribit ETH-PERPETUAL+0.0114%1h2,745+0.062%$267.3M$195.2M50xas long as short
Reya ETHRUSDPERP+0.0161%1h2,743.7+0.016%$7.3M$870K25xas long as short
RISEx ETH/USDC+0.0167%1h2,745.3+0.072%$5.6M$10.8M25xas long as short
Orderly PERP_ETH_USDC+0.0175%8h2,746.4+0.111%$32.4M$10.1M100xas long as short
Paradex ETH-USD-PERP+0.0267%8h2,747.5+0.153%$15.8M$6.5M50xas long as short
Injective ETH/USDC PERP+0.0308%1h2,743.6+0.011%$118K$23.4M52xas long as short
Bluefin ETH-PERP+0.1169%1h2,744.6+0.048%$20K$15K25xas long as short