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

ETH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%
Price spread now: StandX against SoDEX−0.059%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.059%, 7d avg +0.025%
Together, before fees+0.106%+ Points / potential airdropStandX: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.084% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.025%). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ETH-USD2,725.20.0081pay 0.0010% / 1h58m 54s$54.3M$182.6M40x
ShortStandX ETH-USD2,723.60.0100get 0.0013% / 1h58m 54s$20.9M$70.0M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against SoDEX. 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
$4.08
Price spread: −0.059% → +0.025%
−$8.4
Slippage, 4 orders
−$3.26
Fee SoDEX: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$23.58
Costs to cover
0.193%
Break-even
47.4 days
Slippage from SoDEX: 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 SoDEX live order book, 5 min ago0.18 bp4.2 bp −$44.2 bp −$425.4 bp −$54228.1 bp −$14.1K
Sell StandX live order book, 5 min ago0.92 bp6.0 bp −$68.7 bp −$8711.4 bp −$1,143doesn't fit

ETH on 54 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%43m2,725.5+0.012%$274K$5.7M8.3xas long as short
Hotstuff ETH-PERP−0.0080%1h2,726.1+0.033%$5K$1K50xas long as short
Phoenix ETH−0.0015%1h2,723.8−0.051%$808K$3.0M25xas long as short
GMX ETH/USD [ETH-USDC]L −0.0010% / S +0.0043%1h2,725.6+0.016%$11.9M200xas long as short
dYdX ETH-USD0.0000%1h2,725−0.007%$10.5M$41.8M50xas long as short
Kalshi KXETHPERP0.0000%8h2,726.2+0.037%$6.7M$672.8M4.9xas long as short
Deribit ETH-PERPETUAL0.0000%1h2,726.1+0.033%$264.3M$216.7M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0007% / S −0.0006%1h2,725.8+0.022%$32.9M200xas long as short
BingX ETH-USDT+0.0016%8h2,727+0.067%$1.07Bas long as short
01 Exchange ETHUSD+0.0040%1h2,726+0.029%$189K$883K50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETH-USDT-SWAP+0.0078%8h2,727.9+0.100%$1.65B$10.74B100xas long as short
ApeX Omni ETHUSDT+0.0078%1h2,722.1−0.115%$8.4M$31.3M100xas long as short
Hibachi ETH/USDT-P+0.0080%1h2,724.2−0.035%$239K$1.4M20xas long as short
SoDEX ETH-USDlong+0.0081%1h2,725.2long leg$54.3M$182.6M40x
KuCoin ETHUSDTM+0.0083%8h2,727+0.065%$382.9M$575.8M100xas long as short
Aster ETHUSDT+0.0084%8h2,727.6+0.090%$252.2M$850.9M200xas long as short
MEXC ETH_USDT+0.0093%8h2,727+0.066%$1.58B$2.53B500xas long as short
Aftermath Perps ETHUSD+0.0093%1h2,724.6−0.024%$30K$20K20xas long as short
Binance ETHUSDT+0.0094%8h2,727+0.066%$6.31B$16.08B150xas long as short
Lighter ETH+0.0096%1h2,726.6+0.051%$112.2M$399.5M50xas long as short
Lighter RH ETH+0.0096%1h2,727.3+0.075%$23.4M$95.0M50xas long as short
Aevo ETH-PERP+0.0096%1h2,724−0.044%$4.9M$191K20xas long as short
Paradex ETH-USD-PERP+0.0100%8h2,731.6+0.234%$15.5M$7.4M50xas long as short
Nado ETH-PERP+0.0100%1h2,726.1+0.033%$14.1M$104.5M50xas long as short
Hyperliquid ETH+0.0100%1h2,728.6+0.125%$3.10B$2.04B25xas long as short
Pacifica ETH+0.0100%1h2,727.2+0.074%$32.1M$332.5M50xas long as short
Bybit ETHUSDT+0.0100%8h2,727.6+0.086%$2.31B$4.31B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,725−0.007%$2.7M$16.6M25xas long as short
Arcus ETH-USD+0.0100%1h2,726.6+0.050%$1.6M$15.9M25xas long as short
Gate ETH_USDT+0.0100%8h2,727.1+0.070%$3.31B$8.17B200xas long as short
Bitget ETHUSDT+0.0100%8h2,727+0.066%$2.11B$2.76B150xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,726+0.028%$15.0M$40.5M50xas long as short
Variational Omni ETH+0.0100%8h2,723−0.082%$131.2M$318.7Mas long as short
edgeX ETHUSDC+0.0100%4h2,722.3−0.105%$185.2M$683.2M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,723.8−0.053%$158.3M$81.2M50xas long as short
StandX ETH-USDshort+0.0100%1h2,723.6−0.059%$20.9M$70.0M40x
Vest ETH-PERP+0.0100%1h2,727.1+0.069%$445K50xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,727.1+0.070%$11.2M$9.4M50xas long as short
Bullet ETH-USD+0.0100%1h2,725.4+0.007%$180K$1.7M20xas long as short
Bluefin ETH-PERP+0.0100%1h2,726.4+0.045%$20K$23K25xas long as short
Derive ETH-PERP+0.0100%1h2,727.4+0.081%$40.5M$30.0M15xas long as short
SunX ETH-USDT+0.0100%8h2,724.7−0.017%$955K$10.7M100xas long as short
HTX ETH-USDT+0.0100%8h2,725.4+0.007%$1.05B$1.21B200xas long as short
Phemex ETHUSDT+0.0100%8h2,726+0.028%$262.7M$64.0M150xas long as short
Bulk ETH-USD+0.0100%1h2,722.9−0.085%$160.5M$349.9M25xas long as short
Extended ETH-USD+0.0104%1h2,726.2+0.038%$30.4M$71.1M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0056%1h2,725.1−0.004%$30.1M500xas long as short
Kraken Futures PF_ETHUSD+0.0105%1h2,725.8+0.023%$81.9M$310.4M100xas long as short
BloFin ETH-USDT+0.0107%8h2,725−0.007%$280.6M$177.6M150xas long as short
Coinbase International ETH-PERP-INTX+0.0120%1h2,726.6+0.051%$46.7M$4.25B50xas long as short
RISEx ETH/USDC+0.0137%1h2,727.1+0.069%$5.6M$11.6M25xas long as short
Reya ETHRUSDPERP+0.0176%1h2,724.5−0.025%$7.3M$972K25xas long as short
Orderly PERP_ETH_USDC+0.0186%8h2,727.8+0.095%$32.2M$11.3M100xas long as short
Injective ETH/USDC PERP+0.0253%1h2,728.4+0.117%$117K$18.9M52xas long as short