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

ETH

all ETH markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.010%
Price spread now: StandX against Phoenix+0.065%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$190.195% of the position
Long on PhoenixShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 7 days−0.161%−$16 · spread now +0.065%, 7d avg −0.078%
Together, before fees−0.157%+ Points / potential airdropStandX: Active · farm board−$16 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 0.143% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ETH2,7720get 0.0000% / 1h50m 41s$884K$3.7M25x
ShortStandX ETH-USD2,773.80.0100get 0.0013% / 1h50m 41s$21.4M$57.9M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Phoenix. 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
$21
Price spread: +0.065% → −0.078%
$14.29
Slippage, 4 orders
−$4.45
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
$15.84
Costs to cover
0.195%
Break-even
1.7 days
Slippage from Phoenix: live order book, 3 min ago; StandX: live order book, 3 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 Phoenix live order book, 3 min ago0.18 bp4.3 bp −$48.5 bp −$8521.2 bp −$2,116doesn't fit
Sell StandX live order book, 3 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%43m2,771.6−0.014%$289K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0085%1h2,770.6−0.049%$5.7M$12.1M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,771.8−0.007%$5K$2K50xas long as short
Injective ETH/USDC PERP−0.0041%1h2,773.3+0.047%$119K$22.5M52xas long as short
01 Exchange ETHUSD−0.0040%1h2,770.9−0.040%$169K$1.2M50xas long as short
Aftermath Perps ETHUSD−0.0001%1h2,772.3+0.011%$29K$22K20xas long as short
dYdX ETH-USD0.0000%1h2,772.8+0.029%$12.7M$45.5M50xas long as short
Phoenix ETHlong0.0000%1h2,772long leg$884K$3.7M25x
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,772.3+0.009%$22.4M—200xas long as short
BingX ETH-USDT+0.0018%8h2,772.7+0.025%—$1.18B—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0021%8h2,772.5+0.018%$1.71B$11.84B100xas long as short
Phemex ETHUSDT+0.0023%8h2,770.8−0.045%$266.9M$65.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0028% / S +0.0009%1h2,772.2+0.006%$13.2M—200xas long as short
Aster ETHUSDT+0.0031%8h2,772.8+0.029%$256.4M$992.8M200xas long as short
Nado ETH-PERP+0.0038%1h2,771.1−0.031%$14.3M$118.5M50xas long as short
Bullet ETH-USD+0.0039%1h2,771−0.038%$182K$1.8M20xas long as short
Hibachi ETH/USDT-P+0.0048%1h2,773.9+0.067%$288K$1.5M20xas long as short
Binance ETHUSDT+0.0053%8h2,773+0.036%$6.44B$17.16B150xas long as short
MEXC ETH_USDT+0.0053%8h2,772.9+0.034%$1.61B$2.64B500xas long as short
Aevo ETH-PERP+0.0056%1h2,769.7−0.084%$5.0M$636K20xas long as short
SoDEX ETH-USD+0.0067%1h2,770.7−0.047%$55.2M$228.6M40xas long as short
Bitget ETHUSDT+0.0073%8h2,772.7+0.026%$2.10B$3.11B150xas long as short
Gate ETH_USDT+0.0082%8h2,772.1+0.003%$3.29B$9.54B200xas long as short
Deribit ETH-PERPETUAL+0.0086%1h2,772.2+0.008%$258.4M$224.4M50xas long as short
Lighter ETH+0.0096%1h2,773.4+0.049%$115.0M$495.9M50xas long as short
Lighter RH ETH+0.0096%1h2,774.8+0.102%$25.4M$120.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0096% / S +0.0048%1h2,772.2+0.007%—$41.7M500xas long as short
HTX ETH-USDT+0.0097%8h2,770.3−0.063%$1.08B$1.32B200xas long as short
Variational Omni ETH+0.0098%8h2,772.1+0.005%$135.2M$326.5M—as long as short
Paradex ETH-USD-PERP+0.0100%8h2,772.5+0.018%$15.9M$10.6M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,771.2−0.029%$481K$2.8M50xas long as short
Hyperliquid ETH+0.0100%1h2,774.9+0.105%$3.19B$2.38B25xas long as short
Pacifica ETH+0.0100%1h2,773.3+0.047%$31.2M$293.6M50xas long as short
Bybit ETHUSDT+0.0100%8h2,772.8+0.028%$2.51B$4.61B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,772.6+0.022%$2.8M$16.8M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.7+0.097%$2.8M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,770.6−0.051%$166.0M$246.3M25xas long as short
KuCoin ETHUSDTM+0.0100%8h2,773+0.035%$424.1M$738.6M100xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,771.3−0.025%$15.2M$44.0M50xas long as short
edgeX ETHUSDC+0.0100%4h2,772.5+0.019%$179.7M$779.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,776.1+0.149%$161.5M$95.8M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,771.8−0.008%$8.7M$32.7M100xas long as short
StandX ETH-USDshort+0.0100%1h2,773.8+0.065%$21.4M$57.9M40x
Vest ETH-PERP+0.0100%1h2,771.4−0.020%—$1.1M50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,772.6+0.022%$10.8M$7.7M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,772+0.001%$21K$25K25xas long as short
Derive ETH-PERP+0.0100%1h2,773.3+0.046%$42.7M$29.3M15xas long as short
SunX ETH-USDT+0.0100%8h2,770.4−0.056%$970K$14.0M100xas long as short
Extended ETH-USD+0.0104%1h2,770.1−0.069%$31.4M$75.1M50xas long as short
Coinbase International ETH-PERP-INTX+0.0104%1h2,7720.000%$59.9M$4.60B50xas long as short
Kalshi KXETHPERP+0.0108%8h2,772.1+0.004%$8.5M$673.2M4.9xas long as short
Orderly PERP_ETH_USDC+0.0138%8h2,773.7+0.060%$32.5M$12.0M100xas long as short
Kraken Futures PF_ETHUSD+0.0170%1h2,771.7−0.009%$86.1M$330.7M100xas long as short
BloFin ETH-USDT+0.0173%8h2,771−0.035%$285.0M$194.9M150xas long as short
Reya ETHRUSDPERP+0.0187%1h2,770.9−0.040%$7.3M$1.1M25xas long as short